Global Oil Shale Market Growth 2023-2029

Global Oil Shale Market Growth 2023-2029

Oil shale, also known as kerogen shale, is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons called shale oil (not to be confused with tight oil—crude oil occurring naturally in shales) can be produced. Shale oil is a substitute for conventional crude oil; however, extracting shale oil from oil shale is more costly than the production of conventional crude oil both financially and in terms of its environmental impact. Deposits of oil shale occur around the world, including major deposits in the United States. Estimates of global deposits range from 4.8 to 5 trillion barrels (760×109 to 790×109 m3) of oil in place.

LPI (LP Information)' newest research report, the “Oil Shale Industry Forecast” looks at past sales and reviews total world Oil Shale sales in 2022, providing a comprehensive analysis by region and market sector of projected Oil Shale sales for 2023 through 2029. With Oil Shale sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Oil Shale industry.

This Insight Report provides a comprehensive analysis of the global Oil Shale landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Oil Shale portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Oil Shale market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Oil Shale and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Oil Shale.

The global Oil Shale market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In USA, Oil Shale key players include Anadarko, Occidental Petroleum, Chesapeake Energy, ExxonMobil, Marathon Oil, etc. The top five players hold a share about 50%.

Bakken is the largest market, with a share about 30%, followed by Eagle Ford, Permian Basin, having a total share about 45 percent.

In terms of product, Below 6% is the largest segment, with a share about 60%. And in terms of application, the largest application is Shale Oil, followed by Electricity, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Oil Shale market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Below 6%

6%-10%

Over 10%

Segmentation by application

Electricity

Shale Oil

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Anadarko

Occidental Petroleum

Chesapeake Energy

ExxonMobil

Marathon Oil

Chevron Corporation

EOG Resources

Pioneer Natural Resources

SM Energy

ConocoPhillips

Cabot Oil & Gas

Key Questions Addressed in this Report

What is the 10-year outlook for the global Oil Shale market?

What factors are driving Oil Shale market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Oil Shale market opportunities vary by end market size?

How does Oil Shale break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.