Oil Shale Market Poised to Grow at a CAGR of 23.20% by 2024
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By admin
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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
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In-Situ
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Ex-Situ
Global Oil Shale Market by Product
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Shale Diesel
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Shale Gasoline
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Heavy Oil
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Kerosene
Global Oil Shale Market by Application
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Fuel
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Electricity
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Chemical
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Cement
Companies Profiled in the Report
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Exxon Mobil Corporation
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Global Oil Shale Group Limited
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Queensland Energy Resources Ltd
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Questerre Energy Corporation
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Jordan Oil Shale Company B.V
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Fushun Mining Group Co., Ltd.
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Chevron Corporation
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BNK Petroleum Inc.
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Eesti Energia AS
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Red Leaf Resources Inc
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