Methane Hydrates Market: Overview 

The global methane hydrates market is expected to grow at a significant pace during the forecast period. This is mainly due to the increasing need to reduce dependency on the renewable source of energy. 

Methane hydrate is known by several name some of them are hydro methane, fire ice, methane ice natural gas hydrate, and gas hydrate. The compound is believed to contain a large amount of methane trapped inside crystal structure. 

An upcoming report on the methane hydrate extraction market by Transparency Market Research is expected to offer an in depth analysis on industry. The report is anticipated to cover all segments in the market. Along with this, the report is anticipated to consists of vital data that will help indicating growth and latest trend in the methane hydrate extraction market during the forecast period. 

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Methane Hydrates Market: Notable Developments 

Some of the recent development in the methane hydrate extraction market are- 

U.S. Department of Energy's (DOE) Energy Information Administration published a study that suggest that methane hydrates have more carbon and then other compound. Thus it could be a potential fuel than all other fossil fuels combined. This a major factor expected to offer several lucrative benefits in the methane hydrates market. 

Methane Hydrates Market: Key Trends 

The global methane hydrate market is at present at its nascent stage. The opportunities in the methane hydrate extraction market are yet to be commercialized. While several ongoing research and development activities in the market points that methane hydrates could be a magnificent finding and has the potential to revolutionize the several industrial sectors. 

Some of the prominent industrial sectors which are expected to get benefits from methane hydrates are transportation, heavy industries, and commercial.  Further, factors such as convenient source of energy, lower costs and lesser environmental impact are expected to offer a competitive edge to the global methane hydrates market in the coming few years.  

Along with this, factors such as rise in investments in extraction of methane hydrate, and rising government initiatives are some other factors expected to drive the global methane hydrate extraction market in the coming few years due to accelerating  demand for energy.   

However, high risks associated with the extraction activities and threat of increasing probabilities of tsunamis due to sediment slide caused by inefficient hydrate mining are estimated to hamper the market.

 Despite several growth factors, growth in the methane hydrate extraction market is likely to suffer several uncertainty regarding the expectance of methane hydrate as a primary source of energy. Nevertheless, factors such as rapid technological advancements in the oil & gas mining and surge in research and development activities is a prominent factors expected to drive the methane hydrate extraction market in the coming few years. 

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Methane Hydrates Market: Regional Outlook 

Rise in experimental methane hydrate extraction tests and the country’s vision to commercialize it after 2020 would propel the methane hydrates market growth in the U.S.is is attributed to growing awareness regarding the potential of methane hydrate and rise in governmental assistance from country-level alliance to exploit hydrate reserves in the region. Moreover, high availability of methane hydrate in Canada compels other countries to collaborate with Canada to collectively discover methane hydrate in the region. 

Methane Hydrates Market: Competitive Landscape

Key players operating in the global methane hydrates market include Japan Oil, Gas and Metals National Corporation, PetroChina Company Limited, Statoil ASA, ConocoPhillips Corporation, BP P.L.C., Chevron Corporation, and Anadarko Petroleum Corporation.  

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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