25 Feb

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Oil Shale Market Poised to Grow at a CAGR of 23.20% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Oil Shale Market .The report presents analysis of global as well as regional markets of oil shale market over the period of 2016 to 2024. Oil shale is a rich fine-grained sedimentary rock formed from heating rich sediments and significant amount of insoluble organic substance called kerogen. Oil shale can also be burned directly into the furnaces as a low-grade fuel for power generation and district heating or used as a raw material in chemical and construction-materials processing. The largest deposit of oil shale in the world is found in the Green River basin of Colorado, Utah, and Wyoming. It contains the equivalent of about 1.5 trillion barrels of shale oil. The main advantage of oil shale is that shale oil extraction methods are more flexible than traditional oil well drilling. The initial drilling only accounts for 40 percent of the total cost. Every barrel of oil produced from shale leaves behind about 1.2 to 1.5 tons of rock.


Rising demand for energy and depletion of non-renewable energy are the factors driving the growth of the oil shale market. In addition, development in the drilling techniques is increasing the quantity of recoverable oil reserves, which in turn is fuelling the growth of the market. However, high production cost of oil shale, low carbon content and environmental issues such as global warming and greenhouse gases are some of the factors restraining the growth off the oil shale market during the forecast period. Furthermore, research and development within the shale to reduce industrial pollution is anticipated to open up several growth opportunities for the key players in the oil shale market over the years to come.


Among the geographies, North America dominated the oil shale market due to the increasing new environmental reforms        for the energy requirements in U.S.Moreover,Asia Pacific is also anticipated to witness a market growth over the upcoming years. Presently, China is leading the market in terms of producing shale oil from oil shale. China has a large sum of Fushun retorts that process oil shale to derive shale oil In addition; efficient working of shale oil producer’s and growing energy demand are the major drivers for the North American markets.Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global oil shale market  but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global oil shale market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1555

 

The recent report identified that North America dominated the global oil shale market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the oil shale market worldwide.

The report segments the global oil shale market on the basis of Process, Product and Application.

 

Global Oil Shale Market by Process

·         In-Situ

·         Ex-Situ

 

Global Oil Shale Market by Product

·         Shale Diesel

·         Shale Gasoline

·         Heavy Oil

·         Kerosene

 

Global Oil Shale Market by Application

·         Fuel

·         Electricity

·         Chemical

·         Cement

 

Companies Profiled in the Report

·          Exxon Mobil Corporation

·         Global Oil Shale Group Limited

·         Queensland Energy Resources Ltd

·          Questerre Energy Corporation

·         Jordan Oil Shale Company B.V

·         Fushun Mining Group Co., Ltd.

·         Chevron Corporation

·         BNK Petroleum Inc.

·         Eesti Energia AS

·         Red Leaf Resources Inc

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.