+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2015-06-30Number of Pages: 174

Oil Shale Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022

 

Rapid industrialization and increase in population have boosted the demand for fossil fuels across the globe. Oil shale, which is essentially a sedimentary rock containing kerogen, holds the potential to meet the future energy demand. Utilization of oil shale to produce both shale oil and electricity ensures energy security and generates employment opportunities, hence contributing towards both society and economy. The oil shale market has been segmented on the basis of process, application, and geography to provide the complete understanding of the current scenario of the global oil shale market.

 

Process segmentation comprises two methods that are used to extract shale oil from the oil shale i.e. in-situ and ex-situ retorting. As the name suggests, in in-situ processing, the useful components of oil shale can be extracted underground using newer technologies. The in-situ processing is still under development, with several companies performing experimental research and development for its commercialization. A form of in-situ technology, also known as the hybrid or modified in-situ is likely to be commercialized within the forecast period. This hybrid technology by Red Leaf Resources is considered in the in-situ segment. Oil shale ex-situ processing has been practiced for over a century in different parts of the world. Oil shale projects based on this technique have been operating for decades in countries such as Estonia, China, and Brazil. Oil shale is mined and then transported for ex-situ processing, which involves pyrolyzing of oil shale to yield shale oil. Currently, oil shale is mostly extracted utilizing the ex-situ technology. Several companies including Petrobras and Eesti Energia have expertise in ex-situ retorting and utilize it to produce shale oil.

 

In terms of application, the oil shale market is divided into electricity, non-upgraded products, and upgraded products. The oil obtained after retorting needs to be further refined to increase the scope of utilization, beyond heating and marine applications. The upgrading process involves hydro-treating along with other processes to yield valuable products such as diesel and kerosene. However, currently most of the oil obtained is sold directly as fuel oil or heating oil or for marine applications without further upgrading. The non-upgraded segment constitutes such oils. The report comprises a separate electricity segment and provides the market estimates and forecast in MWh and USD million. 

 

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. Estonia, which is utilizing oil shale as a source of energy since 1920s, has expertise in the conversion of oil shale into shale oil. However, lack of planned projects in Europe in the upcoming years is expected to reduce the market share of the region considerably. The Middle East and Africa regional segment includes the estimates and forecasts of Jordan and Morocco. Both countries are striving to reduce their energy import bills and attain energy security. Thus, several projects are expected to kick-start in these countries in the near future. Brazil is the only player in Latin America that holds significant oil shale reserves and utilizes them to produce shale oil. 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.

 

Global Oil Shale Market Estimates and Forecast, by Technology Segment, 2013 and 2020 (USD Million)

 

oil-shale-market

 

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Global Oil Shale Market – Industry Analysis

3.1 Introduction

3.2 Value Chain Analysis: Global Shale Market

 

Chapter 4 Market Overview

4.1 Market Drivers

      4.1.1 Abundance of Oil Shale Reserves With Economic and Non-Economic Benefits

      4.1.2 Assurance of Energy Security to Countries Lacking Substitutes to Oil Shale

4.2 Market Restraints

      4.2.1 Plummeting Oil Prices Hinder Ongoing Oil Shale Mining Activities

      4.2.2 Adverse Environmental Impact Associated with Oil Shale Mining

4.3 Market Opportunities

      4.3.1 Commercialization of In-situ Technology

4.4 Porter’s Five Forces Analysis

      4.4.1 Bargaining Power of Suppliers

      4.4.2 Bargaining Power of Buyers

      4.4.3 Threat from New Eentrants

      4.4.4 Threat of Substitutes

      4.4.5 Degree of Competition

4.5 Energy Security

      4.5.1 Current Threats to Global Energy Security

      4.5.2 Australia

              4.5.2.1 Key Strengths: Australia

              4.5.2.2 Key Challenges: Australia

              4.5.2.3 Key Opportunities: Australia

              4.5.2.4 Key Bodies & Regulations Impacting Energy Markets & Energy Security:

      4.5.3 India

             4.5.3.1 Key Strengths: India

             4.5.3.2 Key Challenges: India

             4.5.3.3 Key Opportunities: India

      4.5.4 China

             4.5.4.1 Key Strengths: China

             4.5.4.2 Key Challenges: China

             4.5.4.3 Key Opportunities: China

4.6 Investor Appetite Analysis – Oil Shale Projects

      4.6.1 Attarat Power Plant – Jordan

      4.6.2 Al Lajjun Oil Shale Project

      4.6.3 Key Takeaways and Trends

4.7 Oil Shale Technologies: Trends and Developments

      4.7.1 Retorting Technology Trends

      4.7.2 Shell’s In-situ conversion process

      4.7.3 Chevron’s CRUSH

      4.7.4 Petrosix Technology

      4.7.5 Red Leaf Resources’ In-Capsule Technology

      4.7.6 Independent Energy Partners’ Geothermic Fuel Cell

      4.7.7 Fushun Process

      4.7.8 Kiviter Process

      4.7.9 Galoter Process

      4.7.10 Technology Comparison

4.8 Market Attractiveness

 

Chapter 5 Global Oil Shale Market – Process Segment Analysis

5.1 Global Oil Shale Market: Process Segment Overview

      5.1.1 Global Oil Shale Market Volume Share, by Process Segment, 2013 & 2022 (Million Barrels)

5.2 Ex-situ Process

      5.2.1 Global Oil Shale Market Ex-situ Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

5.3 In-situ Process

      5.3.1 Global Oil Shale In-situ Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

 

Chapter 6 Global Oil Shale Market – Application Segment Analysis

6.1 Global Oil Shale Market: Application Segment Overview

      6.1.1 Global Oil Shale Market Volume Share, by Application Segment (Without Electricity), 2013 & 2022 (Million Barrels)

6.2 Non-upgraded (Fuel Oil)

      6.2.1 Global Oil Shale Non-upgraded Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

6.3 Upgraded (Diesel, Kerosene, and Jet Fuels)

      6.3.1 Global Oil Shale Upgraded Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

6.4 Electricity

      6.4.1 Global Oil Shale Electricity Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (MWh)

 

Chapter 7 Global Oil Shale Market – Regional Segment Analysis

7.1 Global Oil Shale Market: Regional Segment Overview

      7.1.1 Global Oil Shale Market Volume Share, by Region, 2013 and 2022 (Million Barrels)

7.2 North America

      7.2.1 North America Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.2.2 North America Oil Shale Process Segment Market Estimates and Forecast, 2013 – 2022, (USD Million) (Million Barrels)

      7.2.3 North America Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022, (USD Million) (Million Barrels)

      7.2.4 Oil Shale Industry Outlook: U.S. and Canada

7.3 Europe

      7.3.1 Europe Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.3.2 Europe Oil Shale Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.3.3 Europe Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.3.4 Shale Oil Industry Outlook: Estonia, Russia, and Rest of Europe

7.4 Latin America

      7.4.1 Latin America Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.4.2 Latin America Oil Shale Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.4.3 Latin America Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

7.5 Asia Pacific

      7.5.1 Asia Pacific Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.5.2 Asia Pacific Oil Shale Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.5.3 Asia Pacific Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.5.4 Australia

              7.5.4.1 Australia Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

              7.5.4.2 Australia Oil Shale Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

              7.5.4.3 Australia Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.5.5 China

              7.5.5.1 China Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

             7.5.5.2 China Oil Shale Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

             7.5.5.3 China Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

7.6 Middle East & Africa (MEA)

      7.6.1 Middle East & Africa (MEA) Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.6.2 Middle East & Africa (MEA) Oil Shale Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.6.3 Middle East and Africa (MEA) Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.6.4 Jordan

             7.6.4.1 Jordan Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

            7.6.4.2 Jordan Oil Shale Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

            7.6.4.3 Jordan Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

      7.6.5 Morocco

              7.6.5.1 Morocco Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

             7.6.5.2 Morocco Oil Shale Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

             7.6.5.3 Morocco Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

 

Chapter 8 Company Profiles

8.1 Red Leaf Resources Inc.

      8.1.1 Company Overview

      8.1.2 Business Strategy

      8.1.3 Recent Developments

8.2 Eesti Energia AS

      8.2.1 Company Overview

      8.2.2 Financial Overview

      8.2.3 Business Strategy

      8.2.4 Recent Developments

8.3 BNK Petroleum Inc.

      8.3.1 Company Overview

      8.3.2 Financial Overview

      8.3.3 Business Strategy

      8.3.4 Recent Developments

8.4 Chevron Corporation

      8.4.1 Company Overview

      8.4.2 Financial Overview

      8.4.3 Business Strategy

      8.4.4 Recent Developments

8.5 Fushun Mining Group Co., Ltd.

      8.5.1 Company Overview

      8.5.2 Business Strategy

8.6 Jordan Oil Shale Company B.V

      8.6.1 Company Overview

      8.6.2 Business Strategy

      8.6.3 Recent Developments

8.7 Questerre Energy Corporation

      8.7.1 Company Overview

      8.7.2 Financial Overview

      8.7.3 Business Strategy

      8.7.4 Recent Developments

8.8 Queensland Energy Resources Ltd

      8.8.1 Company Overview

      8.8.2 Business Strategy

      8.8.3 Recent Developments

8.9 Global Oil Shale Group Limited

      8.9.1 Company Overview

      8.9.2 Business Strategy

      8.9.3 Recent Developments

8.10 Exxon Mobil Corporation

      8.10.1 Company Overview

      8.10.2 Financial Overview

      8.10.3 Business Strategy

      8.10.4 Recent Developments

8.11 Petróleo Brasileiro S.A.

      8.11.1 Company Overview

      8.11.2 Financial Overview

      8.11.3 Business Strategy

      8.11.4 Recent Developments

8.12 Viru Keemia Grupp AS

      8.12.1 Company Overview

      8.12.2 Financial Overview

      8.12.3 Business Strategy

      8.12.4 Recent Developments

 

Chapter 9 Primary Research Key Findings

List of Figures 

 

FIG. 1 Global Oil Shale Market: Market segmentation

FIG. 2 Global Oil Shale Market Estimates and Forecasts, 2013-2022, (USD Million), (Million Barrels)

FIG. 3 Global Oil Shale Reserves (in billion barrels)

FIG. 4 Global Oil Shale Market: Value Chain Analysis

FIG. 5 Oil Shale to Shale Oil Conversion

FIG. 6 Comparison between oil shale reserves (U.S.) with crude oil reserves

FIG. 7 Energy Demand Forecast in Non-OECD Countries (Quadrillion BTUs)

FIG. 8 Crude Oil Prices, By Month, 2014 (USD / Barrel)

FIG. 9 Comparison of Cost of Oil Production

FIG. 10 Major Steps in Thermally Conductive In-situ conversion

FIG. 11 Schematic Representation of Exxon Mobil’s Electrofrac Process

FIG. 12 Porter’s Five Forces Analysis: Oil Shale Market

FIG. 13 International Energy Security Risk Index 2015

FIG. 14 Natural Gas and Coal Production Vs Consumption (2006-13)

FIG. 15 Crude oil Production Vs Consumption (2006-13)

FIG. 16 Australia’s Conventional and Unconventional Resources

FIG. 17 Crude oil Production Vs Consumption (2006-13)

FIG. 18 Crude Oil Production Vs Consumption (2006-13)

FIG. 19 Project Timelines : Al Lajjun Project

FIG. 20 Financing Mix : Al Lajjun Project

FIG. 21 Capital Cost Breakdown: Al Lajjun Project

FIG. 22 Operating Cost Breakdown: Al Lajjun Project

FIG. 23 Oil Shale Conversion Technologies

FIG. 24 Technological Challenges and Approaches Adopted

FIG. 25 Schematic Representation of Shell’s ICP Process

FIG. 26 Schematic Representation of Petrosix Retort

FIG. 27 Economical & Environmental Assessment of EcoShale Process

FIG. 28 Economical and Environmental Assessment of EcoShale Process

FIG. 29 Technology Comparison

FIG. 30 Market Attractiveness: Global Oil Shale Market

FIG. 31 Global Oil Shale Market Volume Share, by Process Segment, 2013 & 2022 (Million Barrels)

FIG. 32 Global Oil Shale Ex-situ Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 33 Global Oil Shale In-situ Process Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 34 Global Oil Shale Market Volume Share, by Application Segment (Without Electricity), 2013 & 2022 (Million Barrels)

FIG. 35 Global Oil Shale Non-upgraded Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 36 Global Oil Shale Upgraded Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 37 Global Oil Shale Electricity Application Segment Market Estimates and Forecast, 2013 – 2022 (USD Million) (MWh)

FIG. 38 Global Oil Shale Market Volume Share, by Region, 2013 and 2022 (Million Barrels)

FIG. 39 North America Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 40 Europe Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 41 Latin America Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 42 Asia Pacific Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 43 Australia Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 44 China Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 45 Middle East & Africa (MEA) Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 46 Jordan Oil Shale Deposits

FIG. 47 Jordan Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

FIG. 48 Morocco Oil Shale Market Estimates and Forecast, 2013 – 2022 (USD Million) (Million Barrels)

 

List of Tables

 

TABLE 1 Global Oil shale Market Snapshot

TABLE 2 Market Drivers Of Global Oil Shale Market: Impact Analysis

TABLE 3 Market Restraints Of Global Oil Shale Market: Impact Analysis

TABLE 4 General Characteristics of Oil Shale and Semicoke

TABLE 5 List of major companies developing In-situ technology

TABLE 6 List of Countries by Refining Capacities (2012)

TABLE 7 Overseas Assets of ONGC Videsh Limited

TABLE 8 List of major companies in U.S. developing in-situ technology

TABLE 9 North America Oil Shale Process Segment Market Volume Estimates and Forecast, 2013 – 2022, (Million Barrels)

TABLE 10 North America Oil Shale Process Segment Market Revenue Estimates and Forecast, 2013 – 2022, (USD Million)

TABLE 11 North America Oil Shale Application Segment Market Volume Estimates and Forecast, 2013 – 2022, (Million Barrels)

TABLE 12 North America Oil Shale Application Segment Market Revenue Estimates and Forecast, 2013 – 2022, (USD Million)

TABLE 13 Europe Oil Shale Process Segment Market Volume Estimates and Forecast, 2013 – 2022, Million Barrels

TABLE 14 Europe Oil Shale Process Segment Market Revenue Estimates and Forecast, 2013 – 2022, USD Million

TABLE 15 Europe Oil Shale Application Segment Market Volume Estimates and Forecast, 2013 – 2022, Million Barrels

TABLE 16 Europe Oil Shale Application Segment Market Revenue Estimates and Forecast, 2013 – 2022, USD Million

TABLE 17 Europe Oil Shale Application Segment (Electricity) Market Estimates and Forecast, 2013 – 2022 (MWh) (USD Million)

TABLE 18 Oil Shale Power Plants (Snapshot)

TABLE 19 Latin America Oil Shale Process Segment Market Volume Estimates and Forecast, 2013 – 2022 (Million Barrels)

TABLE 20 Latin America Oil Shale Process Segment Market Revenue Estimates and Forecast, 2013 – 2022 (USD Million)

TABLE 21 Latin America Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (Million Barrels)

TABLE 22 Latin America Oil Shale Application Segment Revenue Market Estimates and Forecast, 2013 – 2022 (USD Million)

TABLE 23 Asia Pacific Oil Shale Process Segment Market Volume Estimates and Forecast, 2013 – 2022, Million Barrels

TABLE 24 Asia Pacific Oil Shale Process Segment Market Revenue Estimates and Forecast, 2013 – 2022, USD Million

TABLE 25 Asia Pacific Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (Million Barrels)

TABLE 26 Asia Pacific Oil Shale Application Segment Market Revenue and Forecast, 2013 – 2022 (USD Million)

TABLE 27 Asia Pacific Oil Shale Electricity Application Segment Market Estimates and Forecast, 2013 – 2022 (MWh) (USD Million)

TABLE 28 Australia Oil Shale Process Segment Market Volume and Forecast, 2013 – 2022 (Million Barrels)

TABLE 29 Australia Oil Shale Market Process Segment Market Revenue and Forecast, 2013 – 2022 (USD Million)

TABLE 30 Australia Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (Million Barrels)

TABLE 31 Australia Oil Shale Application Segment Market Revenue Estimates and Forecast, 2013 – 2022 (USD Million)

TABLE 32 Shale Oil Plants: China (2011)

TABLE 33 China Oil Shale Process Segment Market Volume Estimates and Forecast, 2013 – 2022 (Million Barrels)

TABLE 34 China Oil Shale Process Segment Revenue Market Estimates and Forecast, 2013 – 2022 (USD Million)

TABLE 35 China Oil Shale Application Segment Market Estimates and Forecast, 2013 – 2022 (Million Barrels)

TABLE 36 China Oil Shale Application Segment Market Revenue Estimates and Forecast, 2013 – 2022 (USD Million)

TABLE 37 Middle East and Africa (MEA) Oil Shale Process Segment Market Volume Estimates and Forecast, 2013 – 2022, Million Barrels

TABLE 38 Middle East and Africa (MEA) Oil Shale Process Segment Market Revenue Estimates and Forecast, 2013 – 2022, USD Million

TABLE 39 Middle East and Africa (MEA) Oil Shale Application Segment Market Volume and Forecast, 2013 – 2022, (Million Barrels)

TABLE 40 Middle East and Africa (MEA) Oil Shale Application Segment Market Revenue Estimates and Forecast, 2013 – 2022, (USD Million)

TABLE 41 Middle East and Africa (MEA) Electricity Application Segment Market Estimates and Forecast, 2013 – 2022 (MWh) (USD Million)

TABLE 42 Jordan Oil Shale Process Segment Market  Volume and Forecast, 2013 – 2022 (Million Barrels)

TABLE 43 Jordan Oil Shale Process Segment Market Revenue and Forecast, 2013 – 2022 (USD Million)

TABLE 44 Jordan Oil Shale Application Segment Market Volume and Forecast, 2013 – 2022 (Million Barrels)

TABLE 45 Jordan Oil Shale Application Segment Market Revenue and Forecast, 2013 – 2022 (USD Million)

TABLE 46 Morocco Oil Shale Process Segment Market Volume and Forecast, 2013 – 2022 (Million Barrels)

TABLE 47 Morocco Oil Shale Process Segment Revenue Market Estimates and Forecast, 2013 – 2022 (USD Million)

TABLE 48 Morocco Oil Shale Application Segment Market Volume and Forecast, 2013 – 2022 (Million Barrels)

TABLE 49 Morocco Oil Shale Application Segment Market Revenue and Forecast, 2013 – 2022 (USD Million)

Oil shale is used in industries in the form of fuel in thermal power plants and is also used in making specialty carbon fibers, carbon black, adsorbent carbons, glues, resins, road bitumen, phenols, tanning agents, cement, fertilizers, and glass. The increasing global industrialization and the rising population have elevated the demand for fossil fuels, and oil shale is used in order to meet the growing energy demand.

This report is a detailed analysis of the present state of the market for oil shale and presents a basic overview of the overall market with classification, definitions, industry chain structure and applications. An analysis on the development trends, development status of the key regions, and the competitive analysis also form an integral part of this study. For proving an extensive market insight, the market tables in the report have also been categorized in terms of revenue generated by application, technology, product, and geography.  

The analysis for the oil shale market is presented on the basis of revenue in US$ mn and volume in mn barrels. The report also includes a number of market dynamics such as major drivers, restraints, opportunities, challenges, and trends prevalent in the market and these dynamics are evaluated on the basis of their impact on the growth of the market. Porter’s Five Forces evaluation helps in understanding the five prime forces that will affect the profitability and industry structure of the market.

Overview of the Oil Shale Market

Oil shale is a sedimentary rock comprising kerogen and has the potential of fulfilling the future demand for energy. The use of oil shale in generating electricity could ensure energy security and generate various employment opportunities.

In terms of process, the market is segmented into ex-situ and in-situ. Amongst these, in-situ processing is at present under development with a number of companies involved in research and development activities. On the other hand, ex-situ processing is popular and has been prevalent in various parts of the world for more than a century. On the basis of application, the market is segmented into non-upgraded products, electricity, and upgraded products.

The market for oil shale is fuelled by the presence of a number of oil shale reserves having economic benefits. On the other hand, the soaring prices of oil have restrained the oil shale mining activities to a great extent, thus posing a negative impact on the growth of the market. In addition, the hazardous effects posed on the environment with oil shale mining activities may also restrain the market growth in forthcoming years.

On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Amongst these, Asia Pacific leads the market for oil shale and is closely trailed by Europe. On the other hand, within North America, there are various oil shale reserves in the U.S and Canada. However, only the U.S. oil shale market is predicted to commercially produce oil shale by the end of 2022.

Key Players in the Oil Shale Market

The prime players dominant in the market are Eesti Energia AS, Red Leaf Resources Inc., BNK Petroleum Inc., Fushun Mining Group Co., Ltd., Chevron Corporation, Jordan Oil Shale Company B.V., Queensland Energy Resources Ltd, Questerre Energy Corporation, Global Oil Shale Group Limited, ExxonMobil Corporation, and Viru Keemia Grupp.

Major geographies analyzed under this research report are:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report:

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
Back To Top