According to the latest report by IMARC Group, titled “Oil Shale Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”,offers a comprehensive analysis of the industry, which comprises insights on oil shale market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global oil shale market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during 2021-2026. Oil shale refers to a sedimentary rock containing high amounts of fossil organic matter, known as kerogen. It is used to collect liquid shale oil, which is further utilized in producing fuel oil, including gasoline, liquid petroleum gas (LPG), diesel, natural gas, etc., with advanced processing methods. Numerous by-products can also be used to manufacture various commercial products, such as alumina, ammonia, sulfur, soda ash, nahcolite, etc.
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Oil Shale Market Trends:
Inflating crude oil prices, along with the high cost-effectiveness of oil shale over conventional energy resources, are primarily driving the global market. Apart from this, the growing electricity consumption and the rising construction of new power plants are also augmenting the demand for shale oil, thereby strengthening the market. Furthermore, the extensive utilization of oil shale in the production of cement and other related construction materials is also propelling the market growth. Additionally, several advancements in drilling techniques and the advent of innovative technologies for mining and retorting activities are further augmenting the global market for oil shale. Besides this, the rapid development of new in-situ methods for shale oil extraction is projected to stimulate the oil shale market growth over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- American Resources Inc.
- AuraSource Inc.
- BP p.l.c.
- Chevron Corporation
- Eesti Energia AS
- Exxon Mobil Corporation
- Independent Energy Partners Inc.
- Japan Oil
- Gas and Metals National Corporation
- Queensland Energy Resources
- Royal Dutch Shell plc.
Breakup by Product:
- Shale Gasoline
- Shale Diesel
- Kerosene
- Heavy Oil
Breakup by Process:
- Oil Shale Exploration
- Ore Preparation
- Oil Shale Retortion
- Shale Oil Refining
- Others
Breakup by Technology:
- In-situ
- Ex-situ
Breakup by Application:
- Electricity
- Fuel
- Cement and Chemicals
- Others
Breakup by Region:
- Middle East and Africa
- North America
- Asia-Pacific
- Europe
- Latin America
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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