Oil Shale Market was valued at USD 3.36 Billion in 2022, and it is expected to reach USD 5.74 Billion by 2029, exhibiting a CAGR of 7.94 % during the forecast period (2023-2029)
Oil Shale Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Oil Shale Market Overview:
The primary goal of this research is to assist the user in understanding the Oil Shale Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Oil Shale industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Oil Shale Market Segmentation:
Based on technology, the In-Situ Technology category had the greatest market share in 2022 and is anticipated to keep up its dominance during the projected period. Since then, this technology has been widely employed; in-situ retorting is the sole method to achieve large-scale industrial exploitation. When oil shale is heated directly underground during in-situ exploitation, other products such as gas and oil are also recovered through dry distillation and collected through the production well. Due to its advantages, such as low environmental contamination, high oil recovery rate, good product quality, and limited floor space requirements, in-situ mining technology has gradually replaced oil shale mining.
The Shale Gasoline segment dominated the worldwide oil shale market by product in 2022 and is anticipated to continue to develop at the fastest rate between 2023 and 2029. This rise is being fueled by its extensive use in the production of energy, which accounts for a quarter of all electricity produced in the United States.
1. Global Oil Shale Market, By Product (2022-2029)
• Shale Gasoline
• Shale Diesel
• Kerosene
• Others
2. Global Oil Shale Market, By Technology (2022-2029)
• In-Situ Technology
• Ex-Situ Technology
3. Global Oil Shale Market, By Application (2022-2029)
• Fuel
• Electricity
• Cement & Chemicals
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Oil Shale Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Oil Shale market are
1. Afsk Hom Tov
2. American Resource Petroleum Corp.
3. American Shale Oil Corp. (Amso)
4. Aurasource Inc.
5. Blue Ensign Technologies Ltd.
6. Chattanooga Corp.
7. Chevron Shale Oil Company
8. Eesti Põlevkivi
9. Electro-Petroleum Inc.
10. Exxon Mobil Corp.
11. Fushun Mining Group Co., Ltd
12. Global Resource Corp
13. Imperial Petroleum Recovery Corp.
14. Independent Energy Partners
15. Millennium Synfuels, Llc
16. Mountain West Energy
17. Narva Oil Plant
18. Petro Probe, Inc
19. Petrobras
20. Queensland Energy Resources
21. Schlumberger
22. Shale Technologies, Llc
23. Shell Oil Co.
24. Viru Keemia Group
25. Xtract Energy Plc
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Regional Analysis:
The report focuses on Global Regions and Market Size of Oil Shale, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Oil Shale Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Oil Shale industry in 2021.
Key Questions Answered in the Oil Shale Market Report are:
- What is the function of Oil Shale?
- What is the predicted revenue generation of the Oil Shale market?
- At what growth rate is the Oil Shale market evolving?
- Who are the major market giants operating in the Oil Shale market?
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