oil shale market size, share, growth, trends to 2022
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Oil Shale Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022
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This research study analyzes the market for oil shale in terms of revenue (USD Million) and volume (Million Barrels). The global oil shale market has been segmented on the basis of geography, process (ex-situ and in-situ), and application. For the research, 2013 has been taken as the base year, while all forecasts have been given for the 20142022 period. Market data for all the segments has been provided at the regional as well as country-specific level for the 20132022 period (Countries that are supposed to achieve commercial production before 2022 are only included). The report provides the market numbers for only North America (U.S.), Asia Pacific (China and Australia), Latin America (Brazil), Middle East and Africa (Morocco and Jordan) and describes the possibilities of shale oil commercialization in other countries such as Canada, Russia, and Serbia. Only the U.S., Jordan, Australia and Morocco are expected to achieve commercial production of shale oil from oil shale within the forecast period. The report provides a comprehensive competitive landscape and features companies engaged in the oil shale industry. The report includes the key market dynamics affecting the overall oil shale industry. It also provides a detailed industry analysis of the global oil shale market with the help of Porters Five Forces model.
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China currently leads in terms of shale oil production from the oil shale. The country has a large number of Fushun retorts, processing oil shale to produce shale oil. Moreover, Australia is expected to start producing shale oil from the oil shale which would boost the overall production of the Asia Pacific region. Asia Pacific is closely followed by Europe.Petrobras, the national oil company of Brazil, utilizes its patent Petrosix technology to produce shale oil from oil shale. In North America, there are a significant number of oil shale reserves in Canada and the U.S. However, only the U.S. is expected to produce oil shale commercially before 2022.
Key market participants in the oil shale market include Red Leaf Resources Inc., Eesti Energia AS, BNK Petroleum Inc., Chevron Corporation, Fushun Mining Group Co., Ltd., Jordan Oil Shale Company B.V., Questerre Energy Corporation, Queensland Energy Resources Ltd, Global Oil Shale Group Limited, Viru Keemia Grupp, and Exxon Mobil Corporation.
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