Global Oil Shale Market to Reach US$7.4 bn by 2022 due to Rapid Industrialization

Transparency Market Research has published a comprehensive research report that discusses the operational functionalities of the global oil shale market. This research report, titled “Oil Shale Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022,” offers an in-depth understanding of the key elements influencing the global oil and shale market. The report uses SWOT analysis to shed light on the strengths, the weaknesses, the opportunities, and the threats, along with using a Porter’s five forces analysis for identifying the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry.

Browse the full Oil Shale Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022 report at

According to the research report, the global oil shale market was valued at US$1.1 bn in 2013 and is expected to reach US$7.4 bn by 2022, registering an impressive CAGR of 27.34% from 2014 to 2022.  The research report also states that the revenue from electricity and upgraded and non-upgraded products of the global oil shale market stood at close to US$2.1 bn in 2013 and is expected to reach US$11.9 bn by 2022, rising at a whopping CAGR of 23.4% from 2014 to 2022.

The unstoppable industrialization and surge in the global population have led to a huge demand for fossil fuels. This has boosted the demand for oil shale, which has high kerogen levels and hence holds a huge potential to satiate the demand for energy in the coming years.  The growing usage of oil shale for the production of electricity and shale oil is helping nations across the globe secure their energy mix. Furthermore, exploration, extraction, and other activities related to oil shale have also created several employment opportunities, thereby helping the economy and the society.

The global oil shale market has been segmented on the basis of process, application, and region. On the basis of process, the global oil shale market is segmented into in-situ and ex-situ. On the basis of application, this market is segmented into upgraded, non-upgraded, and electricity. Geographically, this market is segmented into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America.

Currently, China is leading the production of shale oil from oil shale. This is attributable to a large number of Fushun retorts that are engaged in processing oil shale to produce shale oil. Analysts predict that Australia is also likely to start production of shale oil, which will augment the overall production in the Asia Pacific region.

Some of the top players in the global oil shale market are Eesti Energia AS, BNK Petroleum Inc., Red Leaf Resources Inc., Fushun Mining Group Co., Ltd., Jordan Oil Shale Company B.V., Chevron Corporation, Questerre Energy Corporation, Viru Keemia Grupp Queensland Energy Resources Ltd, ExxonMobil Corporation, and Global Oil Shale Group Limited. The research report offers an insight into the competitive landscape of the global oil shale market by analyzing the financial overview, research and development activities, business and marketing strategies, strategic mergers and acquisitions, and product portfolio of the top players.

The global oil shale market is segmented as follows:

  • Global Oil Shale Market: Process Analysis
    • In-Situ
    • Ex-Situ
  • Global Oil Shale Market: Application Analysis
    • Electricity
    • Non-upgraded
    • Upgraded
  • Global Oil Shale Market: Regional Analysis
    • North America
      • U.S.
    • Europe
      • Estonia
    • Asia Pacific
      • China
      • Australia
    • Middle East & Africa
      • Jordan
      • Morocco
    • Latin America
      • Brazil

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