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Published Date: 2015-06-30Number of Pages: 174

Oil Shale Market (Process - In-situ and Ex-situ; Application - Electricity, Non-upgraded, and Upgraded) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022

Global Oil Shale Market: Snapshot

Increasing industrial growth and population have surged the need for fossil fuels across the world. Oil shale has the potential fulfill the future energy needs of the world. Oil shale is actually a turbid rock that contains kerogen which can produce both electricity and shale oil. Processing oil shale will ensure energy preservation and also generate employment avenues thus contributing towards both economy and society. Oil shale is mainly utilized as a fuel in thermal power plants and making variety of materials such as glass, fertilizers, and carbon black among others.

The global oil shale market stood at a valuation of US$ 1,134.60 million in 2013 and is expected to reach the valuation of US$ 7,400.70 by 2022. This progress is expected to be achieved at a healthy CAGR of 27.34% from 2014 to 2022.

More Research and Development Experiments are underway for In-Situ Extraction Process

Oil shale process segmentation involves two methods that are utilized to derive shale oil from. The methods involved are ex-situ and in-situ retorting. Ex-situ processing of oil shale has been carried out for over hundred years in different countries across the world. The oil shale is first mined and then moved for ex-situ processing. The procedure involves pyrolyzing oil shale to produce shale oil. Presently, most of the oil shale is extracted using the ex-situ processing method. On the other hand, newer technologies are used to extract the useful components of oil shale in the in-situ process. The process of in-situ extraction is still developing with many different companies experimenting with the process and carrying out research and development for its marketing in the forecast period.

The in-situ extraction technology can be further segmented into modified in-situ and true in-situ retorting technology. Modified in-situ extracting technology was first invented by Occidental Petroleum and it involves creation of void by fracturing the oil shale deposits. On the other hand, true in-situ extracting process involves subjecting oil shale rocks to high temperatures after fracturing the rocks. By subjecting these rocks to such high temperatures makes them suitable for pyrolysis which allows the production of the shale oil. Red Leaf Resources is anticipated to progress in the market during the forecast period with the help of its hybrid EcoShale In-Capsule technology.

China Leading the Global Oil Shale Market with Australia following up

In terms of geographical regions, the global oil shale market is divided in five regions such as Asia Pacific, the Middle East & Africa, Europe, South America and North America. Presently, China is leading the market in terms of producing shale oil from oil shale. China has a large sum of Fushun retorts that process oil shale to derive shale oil. Australia is expected to follow China in the production and surge up the overall production of the shale oil in Asia Pacific.

Europe closely follows Asia Pacific with Estonia being the leading expert in converting oil shale to shale oil since early 1920s. But lack of planned projects across Europe in the forecast period is expected to have a negative impact on the market share generated by the region.

Jordan and Morocco are the leaders in the Middle East & Africa region. Both the nations are working hard towards reducing the burden on their economy due to energy import and achieve energy security. This is the primary reason behind initiation of several new projects in the region in the near future.

South America region has Brazil as the only recognized contributor to the oil shale market. Brazil has significant reserves of oil shale and uses its patented Petrosix technology to produce shale oil from it. On the other hand, even though Canada has a good number of reserves of oil shale, only the US is anticipated to derive oil shale commercially before 2022.

 

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


 
 
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