Unconventional Gas Market to Reach US$ 374.3 Billion by 2031, States TMR

The latest research study released by Transparency Market Research on "𝐔𝐧𝐜𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐆𝐚𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟐-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Unconventional Gas industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

Unconventional Gas market is estimated to attain a valuation of US$ 374.3 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.6% during the forecast period, 2022-2031

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭-https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1497

Unconventional gas extraction methods are gaining preference to meet the growing demand for affordable alternatives and lower carbon emissions. However, manufacturers need to control the emission of pollution released into the nature during the extraction of unconventional gases. Moreover, in order to address air and water pollution issues, oil & gas industries and governments should collaborate to introduce innovative technologies and formulate policies & regulations to ensure that the hydraulic fracturing method is conducted less destructively. In addition, manufacturers should tap into other incremental opportunities in shale gas, tight gas, and coalbed methane to broaden their revenue streams.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐨𝐬𝐭-𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐒𝐡𝐚𝐥𝐞 𝐆𝐚𝐬 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞𝐬 𝐭𝐨 𝐌𝐞𝐞𝐭 𝐏𝐨𝐰𝐞𝐫 𝐍𝐞𝐞𝐝𝐬

The rise in shale gas activities, such as advancements in horizontal drilling techniques, discovery of shale oil & gas fields, etc., are driving the unconventional gas market. An increase in shale gas extraction activities has prompted numerous countries around the world to monitor the utilization of their unconventional gas resources. Natural gas liquids (NGLs) such as ethane, propane, butane, etc. are expensive. Hence, there is an increasing demand for cost-efficient shale gas alternatives.

The increasing shale gas demand in various applications is also due to its low carbon emission properties, and cleaner environmental footprint than other fossil fuels. In most cases, shale gas consists of methane, propane, butane, carbon dioxide, nitrogen, and hydrogen sulfide. The consistent rise in power generation to cater to the demand across the globe is likely to propel the global unconventional gas market.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1497

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐔𝐧𝐜𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐆𝐚𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

North America dominated the global unconventional gas market in 2021, with a high share of 91.6%. The market in the region is expected to grow at a CAGR of 8.9% during the forecast period. North America is a key consumer of coalbed methane and shale gas.

The Asia Pacific and Europe are other prominent consumers of unconventional gas; the regions held shares of 2.6% and 5.3% of the global market, respectively, in terms of revenue, in 2021. Power consumption in the Asia Pacific has increased considerably over the past few years due to rise in population and strong growth of the economy. China and Russia are expected to account for a notable share of the unconventional gas market in the Asia Pacific and Europe, respectively, in 2021. Russia accounted for 88% share of the market in Europe. The market in the country is projected to grow at a CAGR of 6.84% during the forecast period.

Middle East & Africa is relatively a minor consumer of unconventional gas as compared to the other regions.

𝐓𝐡𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐔𝐧𝐜𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐆𝐚𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞

GE, Royal Dutch Shell Plc., Chevron Corporation, BP plc, Total S.A., ExxonMobil Corporation, Weatherford International Plc., National Oilwell Varco, Emerson Automation Solutions, TechnipFMC plc, Baker Hughes, a GE company (BHGE), Schlumberger Limited, and Halliburton

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 -

𝐓𝐲𝐩𝐞

Shale Gas
Tight Gas
Coalbed Methane (CBM)

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Industrial
Power Generation
Residential
Commercial
Transportation

𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐀𝐬𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=1497

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐔𝐧𝐜𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐆𝐚𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

On April 26, 2021, BASF has agreed with Sandoz GmbH, a subsidiary of Novartis, to invest at the Kundl/Schaftenau Campus in Austria. This agreement enables BASF to further develop its production footprint for unconventional gas and biotechnology products.

On May 6, 2019, DuPont announced the launch of unconventional gas for medical instrument cleaning, under the band OPTIMASE

In June 2018, DSM Food & Beverage expanded its product line of benzoate-free unconventional gas for dairy products with the launch of Accelerzyme CPG. The move would accelerate the process of cheese ripening in the dairy industry.
In June 2017, SK Group signed a memorandum of understanding (MOU) with Continental Resources, the largest gas producer in the U.S., to undertake shale gas projects jointly.

In June 2017, the UK regulator Oil & Gas Authority (OGA) unveiled a new strategy to make tight gas drilling in the southern North Sea (SNS) more economically feasible. OGA developed a strategy to encourage the use of technology and collaboration to unlock remaining reserves, which OGA conservatively estimates at approximately 3.8 trillion cubic feet (Tcf) of tight gas reserves, including infill opportunities, undeveloped discoveries, and prospects.

𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐥𝐞𝐭𝐬 𝐲𝐨𝐮 𝐢𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐔𝐧𝐜𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐆𝐚𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐦𝐞𝐚𝐧𝐬 𝐨𝐟 𝐚 𝐫𝐞𝐠𝐢𝐨𝐧:

North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐅𝐨𝐮𝐧𝐝𝐫𝐲 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2022/08/24/2503954/0/en/Foundry-Chemicals-Market-to-Reach-US-3-2-Bn-by-2031-notes-TMR-Study.html

𝐑𝐨𝐛𝐨𝐭𝐢𝐜 𝐏𝐨𝐨𝐥 𝐂𝐥𝐞𝐚𝐧𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2022/08/24/2504029/0/en/Robotic-Pool-Cleaner-Market-to-reach-US-1-3-Bn-by-2031-notes-TMR-Study.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani

Transparency Market Research Inc.

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