ARC’s new research on decarbonization technologies in the chemical industry explores the current challenges that chemical companies are facing worldwide, and the technologies offered by solution providers to achieve their decarbonization objectives. Since the Paris Agreement in 2015, the pressure on companies to eliminate emissions and minimize the environmental impact has been increasing annually. Around 150 chemical companies across the globe have committed to reduce their carbon emissions. The research integrates both quantitative and qualitative analyses of decarbonization technologies in the chemical industry. Applications of decarbonization technologies include emission measuring, energy efficiency, and carbon capture. It includes discussions with asset owners and covers technologies and services used to reduce direct (Scope 1) and indirect (Scope 2) emissions.
"Economic factors like energy prices and volatility, along with regulations, are driving market growth. Local factors, such as regional emissions, also contribute to the push for decarbonization. Companies are investing in energy transition, energy efficiency, carbon circularity, alternative feedstocks, and carbon capture technologies to reduce their environmental impact and cater to market demands. Suppliers are adopting a client-centric approach, ensuring that sustainability solutions are practical, effective, and aligned with the specific operational contexts of each client, thereby enhancing overall sustainability efforts and decarbonization initiatives,” according to Luciano Narcisi, Research Director and key author of ARC's Decarbonization Technologies for Chemical Industry Market Research.
Decarbonization Technologies for Chemical Industry Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Consumers
- Global Collaboration for Emission Reduction
- Changing Regulatory Landscape
Leading Suppliers to the Decarbonization Technologies for Chemical Industry Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Aspen Technology, Emerson Automation Solutions, Schneider Electric, Siemens.
About the Decarbonization Technologies for Chemical Industry Research
The Decarbonization Technologies for Chemical Industry research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts. The research segmentation includes Industry, Customer Type, World Region, Sales Channel, Service Revenues by Type, Revenue Category, Software Revenues by Type, Hardware Revenues by Type.
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