Oil Shale Market will experience a noticeable growth during the forecast period 2018-2025

The oil shale market is segmented based on product type, process, application, and country. Based on product type, the market is segmented into oil, gas, coke, and others. By process, it is bifurcated into in-situ and ex-situ. Based on application, the market is divided into electricity, fuel, cement, and others. The market is analyzed based on country into the U.S., Estonia, Russia, China, and Brazil. The oil shale resource analysis is done on various countries which include Canada, Democratic Republic of the Congo, Italy, Jordan, Australia, Morocco, U.S., Estonia, Russia, China, Brazil and other countries.

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In 2017, Estonia and China collectively accounted for more than fourth-fifth share of the global oil shale market, in terms of value. This is attributed to the growing inclination on unconventional oil & gas coupled with new development of extraction techniques, which drives the growth of the Estonia and China oil shale market. Moreover, upsurge in the number of oil shale projects in Estonia and China offers growth opportunities to the oil shale market.

The major players profiled in this study include American Resource Petroleum Corp., Chevron Shale Oil Company, Exxon Mobil Corp, American Shale Oil Corp. (AMSO), AFSK HOM TOV, and others. To increase the market share, these companies have been adopting different strategies such as business expansion, agreement, acquisition, and joint venture. In an instance, Exxon Mobil Corp acquired various reservoirs across the globe and increased the production & processing capacity of their fields.

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Key Findings Of the Oil Shale Market:

The oil segment accounted for a share of nearly three-fourths in the global oil shale market in 2017 in terms of value.

The cement segment is anticipated to grow with the highest CAGR throughout the forecast period.
Estonia accounted for more than three-fourth of the global oil shale market in 2017 in terms of value.

The U.S. region is anticipated to grow at the highest rate in the global oil shale market during the forecast period, followed by China.

The electricity segment accounted for a share of nearly three-fourthsin the global oil shale market in 2017 in terms of value.

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