openPR Logo
Press release

Oil Shale Market to Set Phenomenal Growth from 2021 to 2027

03-25-2021 01:09 PM CET | Energy & Environment

Press release from: Allied Market Research

The oil shale market is bifurcated into electricity, fuel, cement, and others. The cement segment is estimated to grow at the highest CAGR during the forecast period, owing to the large production of spent shale during kerogen extraction. This spent shale is used as an ingredient in the cement industry to produce cement.

The factors aiding the growth of the global oil shale market include concerns about depleting crude oil reserves, surge in energy requirement globally, and benefits offered by oil shale such as reduction in energy dependence. However, high costs of equipment, mining, and processing technologies have resulted in increased cost of extracting oil from oil shale, which in turn is expected to hamper the growth of the industry. Conversely, developments in extraction techniques for obtaining kerogen from oil shale coupled with improvements in drilling techniques are expected to provide lucrative opportunities for the growth of the market in future.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/3636

On the basis of product type, the market is segmented into oil, gas, coke, and others. Oil is the most lucrative product type segment in the oil shale market as there is large proportion of oil present in kerogen. Kerogen is the organic compound that is extracted from oil shale.

On the basis of process, the oil shale market is divided into in-situ and ex-situ. The in-situ method is projected to be the most lucrative segment, owing to its environment-friendly extraction of oil shale. During the extraction of oil shale, the ground water is contaminated by the chemical that is used in the extraction process. Recent development in the in-situ method is more effective against contamination as a frozen wall is made, which is used to protect the ground water from contamination.

Get detailed COVID-19 impact analysis on the Market: https://www.alliedmarketresearch.com/request-for-customization/3636?reqfor=covid

U.S. is projected to grow at the highest CAGR of 27.1% from 2018 to 2025, due to presence of abundant oil shale reserves in this region. On the other hand, Estonia contributed more than two-thirds of the total oil shale market share in 2017, and would maintain its dominance through the forecast period, as it has huge oil shale reserves that can be easily extracted for use in electricity production. The other commercialized regions discussed in the study include Russia, China, and Brazil.

Apart from the commercialized markets, the report present a comprehensive analysis of the countries, such as Australia, Canada, Italy, Morocco, and others that includes Republic of Congo and Jordan, where presence of oil shale reserves has been identified.

The key market players operating in the global oil shale market include American Resource Petroleum Corp., Chevron Shale Oil Company, Exxon Mobil Corp, American Shale Oil Corp. (AMSO), AFSK HOM TOV, and others. They have adopted various strategies such as business expansion, agreement, acquisitions, and joint venture to increase their market shares and expand their footprint.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3636

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Oil Shale Market to Set Phenomenal Growth from 2021 to 2027 here

News-ID: 2261819 • Views: 258

More Releases from Allied Market Research

Pacemaker Market | Industry, Revenue Growth Factors & Trends, Key Player Strateg …
According to a new report published by Allied Market Research, titled, "Pacemaker Market by Technology, Implantability, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global pacemaker market size was valued at $4.667 billion in 2020, and is estimated to reach $6.678 billion by 2030, growing at a CAGR of 3.7% from 2021 to 2030. ♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/1455 Factors driving the fastest growing market include the increase in
Gardening Equipment Market Emerging Trends and Global Demand at a CAGR of 6.2% | …
The gardening equipment market size was valued at $40.40 billion in 2021, and is estimated to reach $74.97 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031. Gardening equipment are range of tools designed for gardening activities. These tools can be classified as hand tools and power tools. These tools are widely used for landscaping activities by commercial and residential users. The most commonly used tools
Telescopic Boom Forklift Truck Market SWOT Analysis, Dynamics, Drivers, Key Indi …
The global telescopic boom forklift truck market size was valued at $3.41 billion in 2021, and is estimated to reach $7.33 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031. Telescopic boom forklift is a mobile machine widely used for agricultural and industrial purposes. A telescopic boom can extend forward and upward from the vehicle, more like a crane than a forklift. Telescopic boom forklifts come
Agricultural Shredder Machine Market to See Huge Growth by 2031 | At a CAGR of 4 …
The agricultural shredder machine market size was valued at $1.58 billion in 2021, and is estimated to reach $2.38 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031. Agricultural shredders are used to shred agricultural farm waste both dry and wet, so that it can be recycled into organic manure by shredding it into small pieces and decomposing it. The shredded & pulverized waste can be

All 5 Releases


More Releases for Oil

Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period. The global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026). Health advantages associated with
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
Since several years, cooking oil section in supermarkets and hypermarkets has been a crowded spot, where individuals keep choosing on several cooking oil options available that are healthy to consume. Cooking oil is an essential component in daily cooking activity, be it a restaurant or home. This, in combination with increasing population percentage, especially in emerging economies, is expected to fuel the consumption of cooking oils. However, aspects related to
Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flo …
The global Specialty fats and Oils Market expected to reach a value of US$ 142.1 Bn by 2026. The market projected to grow at a CAGR of 6.6 % in terms of revenue during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). The product manufactured may vary according to the end use application of processing by specialty fats and oils.
Europe Mosquito Repellent Candles Market by Raw Material Type : Citronella Oil, …
Albany, New York, July 17, 2017 : Recent research and the current scenario as well as future market potential of "Mosquito Repellent Candles Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" globally. Mosquito repellent candles are having huge untapped potential for growth. In contrast to the other categories of mosquito repellent products that are available in the market such as mosquito creams, liquids, coils, and