Global oil shale resources has the potential to supply over 2.5 trillion barrels

Global Oil Shale Market Size Analysis

Global Oil Shale market size was valued over USD 13 billion in 2018 and will register a CAGR of 5.8% to create high revenue opportunity for industry players during the forecast period.

Oil, being a important source of energy will continue to witness high demand especially in emerging regions of South East Asia. As of 2016, oil accounted for nearly 32% of global primary energy consumption. Though the growth has been subdued in the last few years, it is expected that it will continue to lead the market in near future. As such, shale oil production is accelerating worldwide with major production coming from North America. Shale oil production in U.S. has increased from 111 thousand barrels per day in 2004 to expected 6.5 million barrels a day in 2018. This is expected to further increase with rise in demand in near future. The growth will be sluggish but will offer a positive yield – creating higher revenue opportunity for industry players.

Global Oil Shale Market Drivers and Challenges

Demand for oil shale market is increasing on the backdrop of depleting crude oil resources – leading to high pressure on pursuing alternative ways to meet daily energy consumption. Furthermore, technological advancement primarily in the field of drilling machinery has led to lower operational cost and higher return on investment (profitability margins).

Global oil shale resources has the potential to supply over 2.5 trillion barrels of oil which is almost 2.5X higher capacity compared to that of crude oil reserves. This can significantly lower the prices and help companies to tap the most of the market at economical rate.

It is expected that oil shale market will be the largest single contributor to total U.S. production by 2021. Also, OPEC is catching up the pace and will create lucrative market opportunity for industry players.

In the last five years, many key developments took place that shows the industry stakeholders confidence in strengthening their business presence globally. Post 2012, many oili shale exploration took place across Latin America, Australasia, and Asia Pacific.

Moreover, government initiatives has fueled overall demand for oil shale market. In 2012, Russia announced zero extraction tax for a greater range of shale oil reserves. The successful oil shale exploration is primarily dependent on government policies, taxation regimes and along with technical, geopolitical and economic feasibility.

The industry witnessed economic downturn in 2014 leading to decline in oil prices from USD 100 a barrel to less than USD 60 per barrel. However, later half of 2017 seems to recover from the downturn. It is expected that oil shale reserves will add high incremental opportunity for companies.

The industry is analyzed by technology, product, technical process and application.

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3 Key Insights on Global Oil Shale Market Size| Strategic Report 2018

Global Oil Shale Market is estimated to be valued over USD 13 Bn in 2018. The industry has 2.5X…

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Global Oil Shale Market Size and Forecast: Regional Analysis

Globally, North America is expected to dominate the oil shale market size not only in production terms but also consumption. CEE and Middle East are other key regions.

Russia and Saudi Arabia has seen wide range of shale oil exploration in last few years. Exporting countries of OPEC especially South East Asia has been slow to adapt production facilities owing to various political reasons. However, the market is going to surge in the region by 2020.

Production will rise owing to high scale demand from China and India. It is expected that there will be nearly 16% increase in demand for oil by 2028 – creating higher market opportunity for engaged players across value chain.

Global Oil Shale Market Size and Forecast: Competition Landscape

Some of the key Oil Shale market industry players are Chevron Corporation, Occidental Petroleum, Anadarko, Chesapeake Energy, SM Energy, ConocoPhillips, Marathon Oil, ExxonMobil, Queensland Energy Resources, EOG Resources, Independent Energy Partners, Pioneer Natural Resources, and Cabot Oil & Gas.

Industry Segmentation

By Product:

• Shale Diesel
• Shale Gasoline
• Heavy Oil
• Kerosene
• Derivatives

By Process:

• Shale Oil Exploration
• Oil Shale Retortion
• Refining

By End-use:

• Chemicals
• Energy
• Electricity
• Automotive
• Industrial Usage

What Will You Discover in the Report?

• An in-depth analysis of the Oil Shale market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
• How the Oil Shale market sales is expected to grow throughout the forecast period.
• How geopolitical policies and technological changes will affect the Oil Shale market in near future
• Where the stakeholders should invest to generate higher profit margins
• How consumers (end-users) will reflect to the Oil Shale industry during the forecast period
• Who are the Oil Shale industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

• Oil Shale Industry Suppliers
• Oil Shale Industry Manufacturers
• Consultants and Analysts
• Researchers
• Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Oil Shale market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions

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