Lucintel Forecasts the Global Oil Shale Market to Reach $4 Billion by 2030
Lucintel Forecasts the Global Oil Shale Market to Reach $4 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global oil shale market looks promising with opportunities in the fuel, electricity, and cement & chemical markets. The global oil shale market is expected to reach an estimated $4 billion by 2030 from $3 billion in 2024 at a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are diminishing crude oil reserves, surging sales of vehicles, and expansion of new power plants.
A more than 150-page report to understand trends, opportunity and forecast in global oil shale market to 2030 by product type (shale gasoline, shale diesel, kerosene, and others), technology (in-situ technology and ex-situ technology), process (oil shale exploration, ore preparation, oil shale retortion, and shale oil refining & specialty services), application (fuel, electricity, cement & chemical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that shale gasoline will remain the largest segment over the forecast period due to its widespread use in transportation and high demand for gasoline.
Within this market, fuel will remain the largest segment over the forecast period.
North America is expected to witness highest growth over the forecast period due to continual expansion of oil and energy industry in the region.
Southwestern Energy, EQT, Equinor, Repsol, SINOPEC/Shs, Chesapeake Energy, Royal Dutch Shell, Exxon Mobil, Chevron, PETROCHINA/Shs are the major suppliers in the oil shale market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056