Global Oil Shale Industry 2018 Industry Analysis, Top Players, Revenue and Market Share Report
The forecast Oil Shale Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Oil Shale on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report, the global oil shale market is projected to grow at a CAGR of 23.20% over the forecast period of 2018-2024.
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Flexible Shale Extraction Methods to Promote Growth in the Oil Shale market
Rising demand for energy and depletion of non-renewable energy are the factors driving the growth of the oil shale market. In addition, development in the drilling techniques is increasing the number of recoverable oil reserves, which in turn is fueling the growth of the market. However, the high production cost of oil shale, low carbon content and environmental issues such as global warming and greenhouse gases are some of the factors restraining the growth of the oil shale market during the forecast period. Furthermore, research and development within the shale to reduce industrial pollution is anticipated to open up several growth opportunities for the key players in the oil shale market over the years to come.
North America region to contribute to growth in the global Oil Shale Market
North America dominated the oil shale market due to the increasing new environmental reforms for the energy requirements in the U.S. Moreover; the Asia Pacific is also anticipated to witness a market growth over the upcoming years. 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 in addition; efficient working of shale oil producer’s and growing energy demand are the major drivers for the North American markets.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/energy-mining-infra/global-oil-shale-market
Japan oil refiners Idemitsu and Showa Shell to merge
In July 2018 -The tie-up between Idemitsu Kosan and Showa Shell Sekiyu was originally conceived and supported by the Ministry for Economy, Trade, and Industry (Meti), and the progress of talks had become, for some observers, a gauge of the government’s influence over the private sector.
Idemitsu, Japan’s No.2 oil refiner by sales, has long been keen to merge its operations with fourth-ranked Showa Shell in response to shrinking gasoline demand in the country. Along with the merger, Idemitsu said it would buy back up to 55 billion yen of its own shares through December to return profits to current shareholders before the merger. The merged firm will use Idemitsu Kosan Co as a company name but will conduct business under the trade name, Idemitsu Showa Shell.
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