Shale gas is found within the shale formations. Shale gas is also known as schist gas or parent rock gas. Shales are sedimentary rocks that are fine-grained and are rich sources of petroleum and natural gas. Shale gas is a vital source of natural gas in the United States. Different methods are used for the extraction of the gas from the shales. The most common methods used for extraction is hydraulic fracturing. This is banned in many countries because it poses risks for the environment. Shale gas is often used to describe both tight gas and shale gas resources. The main difference between tight gas and shale gas, however, is that tight gas can be found in low permeability sedimentary rocks, such as sandstones, while shale gas rocks are usually impermeable.
MARKET DYNAMICS
The global shale gas market is growing at a significant pace owing to driving factors such as improving supply and distribution infrastructure, as well as improvements in drilling technology of shale gas exploration. Moreover, the abundance of shale gas resources across the globe coupled with declining natural gas prices are the major factors boosting the shale gas market growth. However, high initial investment and negative environmental impact are anticipated to hamper the growth of the market over the forecast period. Likewise, shale gas is likely to boost NGL & ethylene production which provides a developing opportunity for the market players. New shale gas reserves identified in Europe & APAC delivers a high potential for the overall market growth.
MARKET SCOPE
The "Global Shale Gas Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the shale gas market with detailed market segmentation by technology, application and geography. The global shale gas market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading shale gas market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global shale gas market is segmented on the basis of technology and application. On the basis of technology, the shale gas market is segmented into, horizontal drilling, hydraulic fracturing, water use and others. Based on application, the global shale gas market is segmented into, power generation, industrial, residential, commercial and transportation.
(image)
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global shale gas market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The shale gas market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the shale gas market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the shale gas market in these regions.
(image)
MARKET PLAYERSThe reports cover key developments in the shale gas market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from shale gas market are anticipated to lucrative growth opportunities in the future with the rising demand for shale gas in the global market. Below mentioned is the list of few companies engaged in the shale gas market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the shale gas market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
-Anadarko Petroleum Corporation
-BP plc
-Chevron Corporation
-ConocoPhillips Company
-DEVON ENERGY CORPORATION.
-Exxon Mobil Corporation
-MARATHON OIL COMPANY
-Royal Dutch Shell plc
-Santos Ltd
-TOTAL S.A.
(image)