Global Oil Shale Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Oil shale is an organic-rich rock, which holds a solid mixture of organic chemical compounds known as kerogen. Oil shale is a best substitute for conventional crude oil and offers low cost of extraction.
The report analyses factors like drivers, restrains and challenges, which affecting market from demand and supply side and further evaluates market dynamics during the forecast period.
Increasing demand for energy and reduction of non-renewable energy are the factors driving the growth of the oil shale market. Development in the drilling techniques is growing the quantity of recoverable oil reserves, which resulting the growth of the market. Furthermore, high production cost of oil shale, low carbon content are some of the factors restraining the growth off the oil shale market.
The cement segment is estimated to grow at the high rate of CAGR during the forecast period, owing to the increasing production of spent shale during kerogen extraction. This spent shale is used as constituent in the cement industry to produce cement. The demand for cement is expected to rise in the future owing to the growing infrastructure development.
The electricity segment is expected to dominate the oil shale market owing to oil shale is used to produce electricity in countries where resources such as coal and gas are unavailable.
The in-situ method is projected to hold significant growth in the global oil shale market owing to its environment-friendly extraction of shale oil. In the process of extraction of oil shale, the ground water is soiled by the chemical that is used in the extraction process. Current development in the in-situ method is more effective in contradiction of contamination as a frozen wall is made, which is used to protect the ground water from contamination.
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The report provides a detailed overview of the global oil shale market including regional analysis information. Geographically, North America is expected to lead global oil shale market owing to the growing new environmental reforms for the energy requirements in U.S. The U.S. country is contributing major share in the oil shale market in this region during the forecast period, owing to a large reserve of oil shale. Reduction of cost of extraction of oil owing to advancement in technology, the U.S. is expected to emerge as a leading producer of shale oil.
Key players profiled and analysed in the global shale gas market includes such as AFSK HOM TOV, American Resource Petroleum Corp., American Shale Oil Corp. , Aura source, Inc., Blue Ensign Technologies Ltd., Chattanooga Corp, Chevron Shale Oil Company, Eesti Polevkivi, Electro-Petroleum, Inc., Exxon Mobil Corp. ,Oil Shale Exploration Company ,General Synfuels International ,Central Pacific Mineral ,BP ,Harbin Coal Chemical Company ,Japan Oil ,Baraka Energy & Resources , Ambre energy ,Gas & Metals National Corp ,Oil India Limited ,Independent Energy Partners ,Queensland Shale Oil Limited ,Israel Chemicals Ltd and Royal Dutch Shell.
The report gives the clear representation of current market scenario of global oil shale market, which includes projected market size in terms of value and volume, pestle analysis, porter’s analysis factors in the market.
Scope of the report for Global Oil Shale Market
Global Oil Shale Market, By Type
Global Oil Shale Market, By Process
Global Oil Shale Market, By Application
Global Oil Shale Market, By Geography
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players in Global Oil Shale Market
• AFSK HOM TOV
• American Resource Petroleum Corp.
• American Shale Oil Corp.
• Aurasource, Inc.
• Blue Ensign Technologies Ltd.
• Chattanooga Corp
• Chevron Shale Oil Company
• Eesti Polevkivi
• Electro-Petroleum, Inc.
• Exxon Mobil Corp.
• Oil Shale Exploration Company
• General Synfuels International
• Central Pacific Minerals
• Harbin Coal Chemical Company
• Japan Oil
• Baraka Energy & Resources
• Ambre energy
• Gas & Metals National Corp
• Oil India Limited
• Independent Energy Partners
• Queensland Shale Oil Limited
• Israel Chemicals Ltd
• Royal Dutch Shell
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