Oil Shale Market
Oil Shale Market Size, Share & Trends Analysis Report by Product (Shale Gasoline, Shale Petroleum, Shale Kerosene, and Other), by Application (Fuel, Electricity, Cement & Chemicals) Forecast Period (2022-2030) Update Available - Forecast 2024-2030
Oil shale market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. Significant rise in the consumption of petrochemicals and its related industries is a key factor driving the growth of the oil shale market. In April 2022, Continental Resources Inc., Hess Corp. and Matador Resources Co. has planned to raise production from US shale basins, a potential harbinger of things to come as Big Oil.
New development in the oil shale extraction technology, such as the advancements in horizontal drilling technology, is anticipated to make the shale oil reservoirs more viable and may provide an opportunity for market players to sustain in the market place. The environmental concerns regarding fracking operations for the oil shale extraction may restrain the growth of the global oil shale market.
Segmental Outlook
The global oil shale market is segmented based on product and applications. Based on product, the market is segmented into shale gasoline, shale petroleum, shale kerosene, and other. Shale gasoline held considerable share in the oil shale market in 2022. The huge application of shale gasoline in chemical production is a key contributor to the high market share. Based on application, the market is divided into fuel, electricity, and cement & chemicals.
The Cement & Chemical Segment Holds a Prominent Market Share in the Global Oil Shale Market
The cement & chemical segment held considerable share in the oil shale market based on application. The market share of oil shale in fuel & electricity generation has been reducing owing to the increasing availability of better and cleaner alternatives. However, it is the most important chemical in the chemical segment, without which synthesizing the required compounds would be much difficult.
Regional Outlooks
The global oil shale market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America).Among these, the Asia-Pacific market is anticipated to cater to a considerable growth over the forecast period. Growing investment by public and private players in shale basins for oil shale extraction is anticipated to drive the market growth. For instance, in April 2022, Cairn Oil & Gas, a Vedanta Group company, has drawn up plans to invest $700 million to boost drilling infrastructure at its around 100 exploratory wells in India, including in the pilot project for shale oil/gas in Rajasthan’s Barmer region. The investments are part of Cairn’s $4-5 billion capex planned over the next three-four years.
Global Oil Shale Market Growth, by Region 2023-2030
The North America Region held Considerable Share in the Global Oil Shale Market
North America held a considerable share in the global oil shale market. In North America, the US held a major market share. As the US has one of the lowest costs of fracking globally, most investors are attracted to invest in the sector, thereby driving the market growth. According to the US EIA, nearly 95.0% of all wells drilled in the US are fracked. The US has massive shale reserves concentrated across the country, the major shale across the US include Permian basin, Eagle Ford, Marcellus, Niobrara, Barnett, Haynesville, Bakken and Anadarko-Woodford shale plays.
The Permian Shale play in West Texas is one of the largest shale plays globally, with the lowest shale development costs. However, 2023, is not a profitable year for the US market. Many companies are divesting their operations from the US shales. For instance, in February 2023, Japanese exploration and production company Inpex has divested its tight oil assets in the Eagle Ford play in Texas to Spanish energy company Repsol.
Market Players Outlook
The major companies serving the global oil shale market include Chevron Corp., Royal Dutch Shell plc, Marathon Oil Corp., Occidental Petroleum Corp., and Exxon Mobil Corp. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2023, Ineos, a UK oil and chemicals company has agreed to buy a bundle of Eagle Ford oil and gas assets from US shale producer Chesapeake Energy for $1.4 billion. With this the company expects to fulfill its customer’s demand for energy.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global oil shale market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Exxon Mobil Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Chevron Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Marathon Oil Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Occidental Petroleum Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Royal Dutch Shell plc
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Oil Shale Market by Product
4.1.1. Shale Gasoline
4.1.2. Shale Petroleum
4.1.3. Shale Kerosene
4.1.4. Other
4.2. Global Oil Shale Market by Applications
4.2.1. Fuel
4.2.2. Electricity
4.2.3. Cement & Chemicals
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Anadarko Petroleum Corp.
6.2. Chevron Corp.
6.3. ConocoPhillips Company
6.4. Continental Resources, Inc.
6.5. EOG Resources, Inc.
6.6. ExxonMobil Corp.
6.7. Halliburton Company
6.8. Hess Corp.
6.9. Murphy Oil Corp.
6.10. Schlumberger Ltd.
6.11. The Eagle Ford Group
6.12. Whiting Petroleum Corp.
1. GLOBAL OIL SHALE MARKET RESEARCH AND ANALYSIS BY PRODUCT,2022-2030 ($ MILLION)
2. GLOBAL SHALE GASOLINE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL SHALE PETROLEUM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL SHALE KEROSENE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL OTHER SHALE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
6. GLOBAL OIL SHALE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS,2022-2030 ($ MILLION)
7. GLOBAL OIL SHALE FOR FUEL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBALOIL SHALE FOR ELECTRICITY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL OIL SHALE FOR CEMENT & CHEMICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL OIL SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. NORTH AMERICAN OIL SHALE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
12. NORTH AMERICAN OIL SHALE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
13. NORTH AMERICAN OIL SHALE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
14. EUROPEAN OIL SHALE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
15. EUROPEAN OIL SHALE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
16. EUROPEAN OIL SHALE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
17. ASIA-PACIFIC OIL SHALE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. ASIA-PACIFIC OIL SHALE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
19. ASIA-PACIFIC OIL SHALE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
20. REST OF THE WORLD OIL SHALE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
21. REST OF THE WORLD OIL SHALE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2022-2030 ($ MILLION)
22. REST OF THE WORLD OIL SHALE MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2022-2030 ($ MILLION)
1. GLOBAL OIL SHALE MARKET SHARE BY PRODUCT, 2022 VS 2030(%)
2. GLOBAL SHALE GASOLINE MARKET SHARE BY REGION, 2022 VS 2030(%)
3. GLOBAL SHALE PETROLEUM MARKET SHARE BY REGION, 2022 VS 2030(%)
4. GLOBAL SHALE KEROSENE MARKET SHARE BY REGION, 2022 VS 2030(%)
5. GLOBAL OTHER SHALE MARKET SHARE BY REGION, 2022 VS 2030(%)
6. GLOBAL OIL SHALE MARKET SHARE BY APPLICATIONS, 2022 VS 2030(%)
7. GLOBAL OIL SHALE FOR FUEL MARKET SHARE BY REGION, 2022 VS 2030(%)
8. GLOBAL OIL SHALE FOR ELECTRICITY MARKET SHARE BY REGION, 2022 VS 2030(%)
9. GLOBAL OIL SHALEFOR CEMENT & CHEMICALS MARKET SHARE BY REGION, 2022 VS 2030(%)
10. GLOBAL OIL SHALE MARKET SHARE BY REGION, 2022 VS 2030(%)
11. US OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
12. CANADA OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
13. UK OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
14. FRANCE OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
15. GERMANY OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
16. ITALY OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
17. SPAIN OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
18. REST OF EUROPE OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
19. INDIA OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
20. CHINA OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
21. JAPAN OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
22. SOUTH KOREA OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
23. REST OF ASIA-PACIFIC OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
24. REST OF THE WORLD OIL SHALE MARKET SIZE, 2022-2030 ($ MILLION)
