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 objectives. Technological advancement is a major driver of decarbonization across the chemical industry and beyond. Innovations in carbon capture and utilization (CCU), energy storage, and process electrification are making decarbonization more practical and cost effective. 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.
"Global collaboration between industry and governments is key to accelerating decarbonization in the chemical sector. Initiatives such as the EU’s Innovation Fund, the U.S. Department of Energy’s Industrial Decarbonization Roadmap, and Mission Innovation’s Clean Hydrogen Mission exemplify how public-private partnerships are aligning policy, funding, and technology. There is growing corporate and public demand for sustainable, low-carbon products, driven by climate goals, consumer pressure, and ESG expectations. Many companies now see greener inputs as a competitive advantage, provided they match conventional options in cost and performance. This demand is accelerating investment in decarbonization technologies across sectors,” 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, Emerson Automation Solutions, Schneider Electric, Siemens, Yokogawa.
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, five-year market forecasts, and one year of historical analysis. The research segmentation includes World Region, Revenue Category, Hardware Type, Software Type, Service Type, Sales Channel, Customer Type.
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