Oil Shale Market: Global Industry Analysis And Forecast(2022-2029)

Oil Shale Market was valued at USD 3.12 Billion in 2021, and it is expected to reach USD 10.31 Billion by 2029, exhibiting a CAGR of 7.94 % during the forecast period (2022-2029)

Oil Shale Market Overview:

Unconventional oil known as "shale oil" can only be extracted through hydraulic fracture of shale formations. The manufacturing of various chemicals, marine fuel, and heating oil are among its main uses. In reality, the term "shale oil" can apply to either crude oil that is recovered from oil shale or oil that is found within shale formations. Oil Shale Market To know about the Research Methodology :- Request Free Sample Report There are shale gas and oil formations all over the planet. The US, China, Argentina, Mexico, and South Africa are the nations having the most technically recoverable shale oil deposits. The Permian, Western Gulf, and Williston Basins in the United States are home to the country's largest shale oil formations. Research Methodology MMR implements a thorough research methodology that includes data triangulation based on top-down and bottom-up approaches as well as primary research to validate the projected market sizes. The most reliable published sources and interviews with the appropriate stakeholders were used to gather the data required to estimate the market size and forecast for various segments in the global, regional, and country-level. Based on a number of variables and their relative importance to the market, a market's growth rate, or CAGR, is estimated for a certain forecast period. These elements consist of market stimuli, market barriers, industry challenges, market and technology developments, market trends, etc. In MMR Report, Porter examines competition, new entrants in the market, supplier power, buyer power, and the threats of substitute products and services in the market. PESTLE identifies factors like political, economic, sociocultural, technological, legal, and environmental, that may affect an organization and its competitive stand-up. Oil Shale Market

Oil Shale Market Dynamics-

The Global Oil Shale Market dynamics are thoroughly studied and explained in the report. Some of the drivers and restraints are illustrated below, their detailed explanation is discussed in the MMR report with other supporting: Shale Oil Will Continue to Play a Significant Role in Oil Production. This investigation has been guided by the idea that producers became considered competitively potent as their supply capacity increased and their break-even prices decreased. But how important is shale oil production predicted to be over the next few years? This section offers proof, based on the most recent Rystad48 forecasts that shale oil will continue to be a significant contributor for at least two reasons: • The Extra Efficiency Improvements It Is Anticipated to Make • The Industry's Predicted Strong Growth in Investment Flows Over the Coming Years. Oil Shale Market Trending Factors: Consumer attitudes are evolving in favour of oil shale due to rising crude oil prices and the benefits it offers over conventional energy sources. Increased car sales brought on by rising income levels and increased urbanization also have an impact on the market. Additionally, the demand for shale oil is being catalysed by rising energy consumption and the building of new power plants, which is driving market growth. Shale oil can be used as a boiler fuel in a furnace to generate steam for electricity. The demand for cement and other products is also rising due to a significant rise in construction development across the globe, which is driving the industry. In addition, improvements in drilling methods and the introduction of cutting-edge mining and retorting technology are helping to lower overall operating costs. This is expected to drive the expansion of the total industry, along with the development of innovative in situ techniques for shale oil extraction and the increased use of geospatial infrastructure for managing massive volumes of oil shale data. Oil Shale Market Restraint Factors: On the flip side, the market's growth may be constrained by the high cost of producing oil shale, the low carbon content, and environmental problems such as disturbance of mined land, global warming, and greenhouse gas emissions. The oil shale market may have a lot of room to grow if research and development are done to decline the industry's impact on the environment and come up with solutions to lower production costs. Oil Shale Market Segments- MMR gives growth forecasts for the global, regional, and county levels from 2021 to 2029 along with an analysis of the important trends in each sub-segment of the global oil shale market study. The market has been segmented by product, method, technology, and application in the MMR report. Based on Technology, the In-Situ Technology segment held the highest market share in 2021, holding the largest market share, and is expected to continue its leadership status during the forecast period. Since then, this technology has been widely used; the only way to achieve large-scale industrial exploitation is in-situ retorting. Shale oil, gas, and other products are recovered through dry distillation and are collected through the production well during in-situ exploitation, which involves heating the oil shale layer immediately underground. In-situ mining technology has gradually taken over oil shale mining due to its benefits, including low environmental contamination, high oil recovery rate, good product quality, and minimal floor space requirements. Oil Shale Market By product, the Shale Gasoline segment dominated the global oil shale market in 2021 and is expected to remain the fastest-growing segment during 2022-2029. This growth is driven by it is highly used in the generation of electricity and also used to generate a quarter of U.S. electricity. Covid-19's Effect on the Global Oil Shale Market The Organization for Economic Co-operation and Development (OECD) asserts that the lockdown caused a spike in the price of crude oil since there was a large supply and low demand, which led to increased electricity output. However, because so much oil is being produced, COVID-19 has little effect on the market for oil shale. The COVID-19 pandemic's price impact on the economy led to a decline in the nation's petroleum and natural gas reserves in 2020. In 2020, proved reserves of natural gas fell by little over 22 trillion cubic feet (TCF), a fall of 4%, while proved reserves of crude oil and lease condensate fell by 9 billion barrels, a decline of 19%.

Oil Shale Market Regional Analysis:

The MMR report offers a brief analysis of the major regions in the market, namely, Europe, North America, Asia-Pacific, South America, and the Middle East & Africa. In 2021, North America Accounted for The Largest Market Share. The growing need for affordable alternatives to conventional energy, the rising depletion of non-renewable energy sources, and the expansion of the oil and energy industries in this region all contribute to North America's dominance of the oil shale market. The US is expected to lead the North American market is expected to grow at a CAGR of 8.2% over the forecast period. Since 2011, US shale oil output has significantly increased and is now competitive with Saudi Arabia and Russia in terms of market share. The Organization of Petroleum Exporting Countries (OPEC), in particular, and other major producers of conventional oil have been slow to modify their production strategies. Europe Is the Second Largest Region in Terms of Growth in The Oil Shale Market in 2021: In the market for Oil Shale, Europe came in second place as a result of the region's rapid advancement in drilling technology. Owing to the region's growing desire for oil shale as a substitute component in conventional fuels and the region's expanding oil and energy industry, Asia-Pacific is the region with the highest expectations for growth in the oil shale market. Competitive Analysis: Details about each competitor are included in the competitive landscape for Oil Shale. The company's overview, financials, revenue, market potential, investment in R&D, new market initiatives, global presence, production facilities, company strengths and weaknesses, product launch, clinical trial pipelines, brand analysis, product approvals, patents, product width, and breadth, application dominance, and technology lifeline curve are all included in the information. The information above only relates to the companies' market focus on the Oil Shale market.

Oil Shale Market Scope: Inquire before buying

Global Oil Shale Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 3.12 Bn.
Forecast Period 2022 to 2029 CAGR: 7.94 % Market Size in 2029: US$ 5.75 Bn.
Segments Covered: by Product • Shale Gasoline • Shale Diesel • Kerosene • Others
by Technology • In-Situ Technology • Ex-Situ Technology
by Application • Fuel • Electricity • Cement & Chemicals

Oil Shale Market, by Region

• North America • Europe • The Asia Pacific • The Middle East and Africa • South America

Oil Shale Market Key Players:

• Afsk Hom Tov • American Resource Petroleum Corp. • American Shale Oil Corp. (Amso) • Aurasource Inc. • Blue Ensign Technologies Ltd. • Chattanooga Corp. • Chevron Shale Oil Company • Eesti Põlevkivi • Electro-Petroleum Inc. • Exxon Mobil Corp. • Fushun Mining Group Co., Ltd • Global Resource Corp • Imperial Petroleum Recovery Corp. • Independent Energy Partners • Millennium Synfuels, Llc • Mountain West Energy • Narva Oil Plant • Petro Probe, Inc • Petrobras • Queensland Energy Resources • Schlumberger • Shale Technologies, Llc • Shell Oil Co. • Viru Keemia Group • Xtract Energy Plc Frequently asked questions: 1. What is the market growth of the Oil Shale Market? Ans. The Oil Shale Market was valued at USD 3.12 Billion in 2021 and is expected to reach USD 5.75 Billion by 2029, at a CAGR of 7.94 %during the forecast period. 2. Which are the major key players in the Oil Shale Market? Ans. The key players in this market AFSK HOM TOV, AMERICAN RESOURCE PETROLEUM CORP. and AMERICAN SHALE OIL CORP. (AMSO). 3. Which region is anticipated to account for the largest market share? Ans. North America is anticipated to dominate the Oil Shale Market, 4. what is the forecast period for the Oil Shale Market? Ans. The forecast period for the Oil Shale Market is from 2022 to 2029. 5. what is the segment in which the Oil Shale Market is divided? Ans. The Oil Shale Market is fragmented based on Product, Technology and Application.
1. Global Oil Shale Market: Research Methodology 2. Global Oil Shale Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Oil Shale Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Oil Shale Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Oil Shale Market Segmentation 4.1. Global Oil Shale Market, By Product (2021-2029) • Shale Gasoline • Shale Diesel • Kerosene • Others 4.2. Global Oil Shale Market, By Technology (2021-2029) • In-Situ Technology • Ex-Situ Technology 4.3. Global Oil Shale Market, By Application (2021-2029) • Fuel • Electricity • Cement & Chemicals 5. North America Oil Shale Market (2021-2029) 5.1. North America Oil Shale Market, By Product (2021-2029) • Shale Gasoline • Shale Diesel • Kerosene • Others 5.2. North America Oil Shale Market, By Technology (2021-2029) • In-Situ Technology • Ex-Situ Technology 5.3. North America Oil Shale Market, By Application (2021-2029) • Fuel • Electricity • Cement & Chemicals 5.4. North America Oil Shale Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Oil Shale Market (2021-2029) 6.1. European Oil Shale Market, By Product (2021-2029) 6.2. European Oil Shale Market, By Technology (2021-2029) 6.3. European Oil Shale Market, By Application (2021-2029) 6.4. European Oil Shale Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Oil Shale Market (2021-2029) 7.1. Asia Pacific Oil Shale Market, By Product (2021-2029) 7.2. Asia Pacific Oil Shale Market, By Technology (2021-2029) 7.3. Asia Pacific Oil Shale Market, By Application (2021-2029) 7.4. Asia Pacific Oil Shale Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Oil Shale Market (2021-2029) 8.1. Middle East and Africa Oil Shale Market, By Product (2021-2029) 8.2. Middle East and Africa Oil Shale Market, By Technology (2021-2029) 8.3. Middle East and Africa Oil Shale Market, By Application (2021-2029) 8.4. Middle East and Africa Oil Shale Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Oil Shale Market (2021-2029) 9.1. South America Oil Shale Market, By Product (2021-2029) 9.2. South America Oil Shale Market, By Technology (2021-2029) 9.3. South America Oil Shale Market, By Application (2021-2029) 9.4. South America Oil Shale Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Afsk Hom Tov. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. American Resource Petroleum Corp. 10.3. American Shale Oil Corp. (Amso) 10.4. Aurasource Inc. 10.5. Blue Ensign Technologies Ltd. 10.6. Chattanooga Corp. 10.7. Chevron Shale Oil Company 10.8. Eesti Põlevkivi 10.9. Electro-Petroleum Inc. 10.10. Exxon Mobil Corp. 10.11. Fushun Mining Group Co., Ltd 10.12. Global Resource Corp 10.13. Imperial Petroleum Recovery Corp. 10.14. Independent Energy Partners 10.15. Millennium Synfuels, Llc 10.16. Mountain West Energy 10.17. Narva Oil Plant 10.18. Petro Probe, Inc 10.19. Petrobras 10.20. Queensland Energy Resources 10.21. Schlumberger 10.22. Shale Technologies, Llc 10.23. Shell Oil Co. 10.24. Viru Keemia Group 10.25. Xtract Energy Plc

About This Report

Report ID 22535
Category Energy & Power
Published Date Aug 2022
Updated Date
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