Oil Shale Global Market Report 2024

Description

Oil Shale Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on oil shale market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for oil shale? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The oil shale market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Shale Gasoline; Shale Diesel; Kerosene; Other Products
2) By Technology: In-Situ Technology; Ex-Situ Technology
3) By Application: Fuel; Electricity; Cement and Chemicals; Other Applications
Companies Mentioned: AuraSource Inc.; BP PLC; Chevron Corporation; ExxonMobil Corporation; Independent Energy Partners Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Oil shale denotes a sedimentary rock type abundant in kerogen, holding substantial organic material. It houses hydrocarbons within shale rock formations, necessitating extraction through fracking methods.

Oil shale yields various products like shale gasoline, shale diesel, kerosene, and others. Shale gasoline, for instance, refers to natural gas confined within minute or sub-microscopic pores within shale formations. Technologies involved encompass in-situ and ex-situ methods, applied across fuel, electricity, cement, chemicals, and other sectors.

The oil shale market research report is one of a series of new reports from The Business Research Company that provides oil shale market statistics, including oil shale industry global market size, regional shares, competitors with oil shale market share, detailed oil shale market segments, market trends, and opportunities, and any further data you may need to thrive in the oil shale industry. This oil shale market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The oil shale market size has grown rapidly in recent years. It will grow from $2.91 billion in 2023 to $3.29 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. Historic growth was influenced by several factors, including concerns about energy security, fluctuating oil prices, geopolitical influences, stringent environmental regulations, and the availability of resources and reserves.

The oil shale market size is expected to see rapid growth in the next few years. It will grow to $5.31 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. Anticipated growth stems from energy transition and demand, global energy policies, economic fluctuations, environmental regulations, and infrastructure development. Key trends include embracing sustainable practices, diversifying markets, investing in research and development, adapting to energy transition, and aligning with global market dynamics.

Anticipated growth in the oil shale market is closely tied to the surge in crude oil prices. This increase in crude oil prices, represented by the spot price per barrel of benchmark crude oil, is influenced by factors such as economic expansion, supply constraints, and the lingering impacts of the COVID-19 pandemic. The utilization of shale oil as an alternative to conventional crude oil production has gained traction due to its extraction method, fracking, which allows enhanced energy collection from a single drilling well, eliminating the need for additional wells. For example, in September 2022, the average closing price of crude oil stood at $97.40, marking a notable rise from $68.17 in 2021 and $39.68 in 2020, reflecting a surge of 16.87%. This surge in crude oil prices is a primary driver of the oil shale market's growth.

The oil shale market is anticipated to experience growth propelled by an increasing demand for energy. This demand encompasses various forms of energy, including electrical energy derived from electric potential or charged particles' kinetic energy, such as electrons. Oil shale, deemed an unconventional energy source, holds potential significance in the energy production landscape. Its production has the capacity to decrease dependence on imported oil, bolstering energy independence and security. For instance, in January 2022, the International Energy Agency (IEA) reported a remarkable 6% surge in global energy demand in 2021, the largest absolute growth of over 1,500 terawatt-hours. The report also forecasts a projected annual increase in electricity demand averaging 2.7% for the years 2022 to 2024. Thus, the escalating demand for energy is a driving force behind the oil shale market's growth.

Technological advancements form a pivotal trend gaining momentum in the oil shale market. Key companies operating within this market segment are focused on pioneering innovative technologies to fortify their market standing. For instance, in September 2021, ExxonMobil Corporation introduced EMRD, a renewable diesel process technology aimed at augmenting bio-feedstock yields. Leveraging this groundbreaking process, renewable diesel production is viable from varied feedstocks like animal fats, vegetable oils, and unrefined cooking oil. The Bio-Isomerization Dewaxing (BIDWTM) catalyst, a part of the EMRD process from ExxonMobil, presents an integrated solution, ensuring robust dewaxing for refiners and biofuel producers across different seasons, showcasing improved yields compared to alternative zeolite-based substitutes.

Major players in the oil shale market are strategically integrating efforts to launch carbon capture projects, seeking a competitive edge. These projects involve a suite of technologies designed to combat climate change by curbing carbon dioxide (CO2) emissions. For instance, in November 2021, EOG Resources, an oil shale company, unveiled plans for a carbon dioxide injection initiative aimed at reducing greenhouse gas emissions from its oil and gas production operations. The corporation earmarked 2% to 3% of its spending for environmental, social, and governance (ESG) challenges, aiming for net-zero emissions by 2040. The carbon capture project entails capturing concentrated emission streams directed to a new injection well for storage, situated within EOG-managed areas.

In January 2021, ConocoPhillips, a prominent US-based crude oil producer, completed the acquisition of Concho Resources for a substantial $13.3 billion. This strategic move is projected to pivot ConocoPhillips' operations across three pivotal directives such as ensuring global access to affordable energy, achieving elevated returns on capital, and showcasing strong ESG (environmental, social, and governance) leadership. Concho Resources, a distinguished independent US oil and gas firm, specializes in the acquisition, development, and exploration of oil and natural gas properties.

Major companies operating in the oil shale market report are AuraSource Inc., BP PLC, Chevron Corporation, ExxonMobil Corporation, Independent Energy Partners Inc., Queensland Energy Resources Limited, Shell PLC, American Shale Oil LLC, Japan Petroleum Exploration Co Ltd., Occidental Petroleum Corporation, Chesapeake Energy Corporation, Marathon Oil Corporation, American Resources Corporation, EQT Corporation, Japan Oil Gas and Metals National Corporation, Blue Ensign Technologies Limited, Cabot Oil & Gas Corporation, Gazprom Neft PJSC, National Oilwell Varco Inc., Anadarko Petroleum Corporation, Apache Corporation, ConocoPhillips Company, Continental Resources Inc., Devon Energy Corporation, Electro-Petroleum Inc., EOG Resources Inc., GE Company, Halliburton Company, Hess Corporation, Murphy Oil Corporation, Noble Energy Inc., Petroleo Brasileiro SA, Pioneer Natural Resources Company, Schlumberger Limited, Statoil ASA, TechnipFMC PLC, Total S.A., Weatherford International PLC, Whiting Petroleum Corporation

North America was the largest region in the oil shale market in 2023. Europe was the second-largest region in the global oil shale market. The regions covered in the oil shale market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the oil shale market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The oil shale market consists of sales of carbonate-rich shale, siliceous shale, and cannel shale. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12922

1. Executive Summary

2. Oil Shale Market Characteristics

3. Oil Shale Market Trends And Strategies

4. Oil Shale Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Oil Shale Market Size and Growth

5.1. Global Oil Shale Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Oil Shale Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Oil Shale Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Oil Shale Market Segmentation

6.1. Global Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Shale Gasoline
Shale Diesel
Kerosene
Other Products
6.2. Global Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
In-Situ Technology
Ex-Situ Technology
6.3. Global Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fuel
Electricity
Cement and Chemicals
Other Applications

7. Oil Shale Market Regional And Country Analysis

7.1. Global Oil Shale Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Oil Shale Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Oil Shale Market

8.1. Asia-Pacific Oil Shale Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Oil Shale Market

9.1. China Oil Shale Market Overview
9.2. China Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Oil Shale Market

10.1. India Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Oil Shale Market

11.1. Japan Oil Shale Market Overview
11.2. Japan Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Oil Shale Market

12.1. Australia Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Oil Shale Market

13.1. Indonesia Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Oil Shale Market

14.1. South Korea Oil Shale Market Overview
14.2. South Korea Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Oil Shale Market

15.1. Western Europe Oil Shale Market Overview
15.2. Western Europe Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Oil Shale Market

16.1. UK Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Oil Shale Market

17.1. Germany Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Oil Shale Market

18.1. France Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Oil Shale Market

19.1. Italy Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Oil Shale Market

20.1. Spain Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Oil Shale Market

21.1. Eastern Europe Oil Shale Market Overview
21.2. Eastern Europe Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Oil Shale Market

22.1. Russia Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Oil Shale Market

23.1. North America Oil Shale Market Overview
23.2. North America Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Oil Shale Market

24.1. USA Oil Shale Market Overview
24.2. USA Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Oil Shale Market

25.1. Canada Oil Shale Market Overview
25.2. Canada Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Oil Shale Market

26.1. South America Oil Shale Market Overview
26.2. South America Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Oil Shale Market

27.1. Brazil Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Oil Shale Market

28.1. Middle East Oil Shale Market Overview
28.2. Middle East Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Oil Shale Market

29.1. Africa Oil Shale Market Overview
29.2. Africa Oil Shale Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Oil Shale Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Oil Shale Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Oil Shale Market Competitive Landscape And Company Profiles

30.1. Oil Shale Market Competitive Landscape
30.2. Oil Shale Market Company Profiles
- 30.2.1. AuraSource Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BP plc
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Chevron Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. ExxonMobil Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Independent Energy Partners Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Oil Shale Market Competitive Benchmarking

32. Global Oil Shale Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Oil Shale Market

34. Oil Shale Market Future Outlook and Potential Analysis

34.1 Oil Shale Market In 2028 - Countries Offering Most New Opportunities
34.2 Oil Shale Market In 2028 - Segments Offering Most New Opportunities
34.3 Oil Shale Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer