オイルシェールの世界市場：2028年までの予測 - 製品別、技術別、プロセス別、用途別、地域別の分析

Stratistics MRCによると、世界のオイルシェール市場は2022年に33億6000万米ドルを占め、2028年には58億7000万米ドルに達すると予測され、予測期間中にCAGR9.7％で成長する見込みです。

オイルシェールは、有機物を豊富に含む特殊な岩石で、有機化学化合物の固体混合物であるケロジェンを含んでいます。オイルシェールは採掘コストが低いため、従来の原油の代替品として頻繁に使用されています。工業化の進展とエネルギー需要の増加が、市場拡大の主な要因となっています。

経済協力開発機構（OECD）によると、原油価格の高騰は、大規模な供給と少ない需要により、ロックダウン期間中に始まりました。しかし、オイルシェール市場では原油が大量に生産されているため、COVID-19の影響はないです。

市場力学

促進要因

石油化学産業の成長による市場の拡大

多くの国がシェールオイルを大量に埋蔵しており、これを利用することで石油輸入への依存度を下げ、国内の石油化学産業のニーズを満たすことができます。シェールオイル生産に投資するインセンティブを提供することで、その国のシェールオイル産業の成長を後押ししています。さらに、より優れたクリーンな代替燃料に取って代わられ、輸送や発電におけるシェールオイルのシェアは減少しています。石油化学業界は、石油化学製品の使用量の増加、原油直接分解などの新しいプロセスの採用、業界への投資の増加により、予測期間中に大きく成長すると予想されます。

抑制要因

高価な化石燃料の生産と継続的な使用

シェールガスに適した代替技術がなく、また現在の技術も非常に高価であるため、シェールガス掘削は天然ガス掘削の2倍以上のコストがかかると言われています。さらに、日付は違えど、石油・ガス・石炭のいずれもいつかは枯渇するもの。環境汚染を減らすためには、これらの資源の使用を減らす必要があります。シェールガスのポテンシャルを実際の生産に結びつけることで、化石燃料の利用をより長く続けることができるのです。

機会

急速な都市化

所得水準の向上、都市化に伴う自動車販売の増加などの影響を受けています。また、エネルギー需要の急増や新しい発電所の建設が市場の拡大に拍車をかけ、シェールオイルの需要を押し上げています。シェールオイルは、電気用の蒸気を発生させる炉のボイラー燃料として使用することができます。また、世界の建設ラッシュにより、セメントなどの需要も増加しており、業界を牽引しています。

脅威

地球温暖化の促進

シェールからの石油採掘により、環境に深刻な影響を与える可能性があります。この資源の開発をめぐる議論は、温室効果ガスの排出、水の消費と汚染、地表の乱れ、社会経済的影響の4つの具体的な懸念事項によって占められています。シェールガス生産に対する懸念は、環境保護論者や気候変動の専門家から表明されていました。その結果、フランス政府を含む多くの政府によってシェールガスの掘削が禁止されるに至っています。

COVID-19の影響

COVID-19の出現は、石油市場運営の核となる争点と重なっています。供給過剰の問題と世界の需要状況は、オイルシェールの需要と価格にマイナスの影響を及ぼしています。原油・天然ガス価格の変動により、米国のシェールオイル・ガス需要は激減、価格も急落し、倒産も衝撃的な勢いで報告されました。天然ガスの確認埋蔵量は22兆立方フィート（TCF）弱と4％減少し、原油およびリースコンデンセートの確認埋蔵量は90億バレルと19％減少しました。しかし、2021年のワクチン接種の普及に伴う渡航制限の解除に伴い、液体燃料の需要が増加しました。これはオイルシェールの需要増加につながると予想され、予測期間中、地域のオイルシェール市場の拡大を後押しするものと思われます。

予測期間中、In-Situ技術セグメントが最大となる見込み

In-Situ（原位置）技術セグメントは最大の市場シェアを誇り、予測期間中もその優位性を維持すると予測されます。原始技術とは、石油頁岩（オイルシェール）を直接加熱する技術であり、大規模な産業利用を実現するための唯一の方法です。原位置開発では、オイルシェールを地下で直接加熱し、乾留してガスやオイルを回収し、生産井から回収します。環境汚染が少ない、石油回収率が高い、製品品質が良い、必要な床面積が最小であるなどの利点から、原位置での採掘技術がオイルシェール採掘に徐々に取って代わられています。

予測期間中、電力セグメントのCAGRが最も高くなると予想される

予測期間中、最も高いCAGRを記録すると予想されるのは電力分野です。この期間中、電力部門は有利な成長を遂げるでしょう。また、石油や電力の入手が困難になっている現在、シェールオイルやオイルシェールからの電気エネルギー生産の魅力は、経済的にも戦略的にも国のエネルギー多様性を高めるまでに至っています。これらの要因が、電力分野の拡大を支えていると予想されます。

最もシェアの高い地域

従来のエネルギーに代わる安価な代替エネルギーへのニーズの高まり、同地域の石油・エネルギー産業の成長、再生不可能なエネルギー源の枯渇の進行により、北米地域は予測期間を通じてオイルシェール市場を独占すると予想されます。北米におけるオイルシェールの2大市場は、米国とカナダです。さらに、生産量の大幅な増加に伴い、米国のシェールオイルは現在、サウジアラビアやロシアと市場シェアで競合しています。

CAGRが最も高い地域

アジア太平洋地域は、従来の燃料の代替品としてオイルシェールへの嗜好が高まっていること、石油・エネルギー産業が拡大していることから、予測期間中に最も高いCAGRを記録すると予想されます。また、陸上および海上での探査・生産活動の効率を高めるための最先端の技術、ツール、機器に対する需要も、アジア太平洋地域におけるオイルシェールサービス市場の成長を後押しすると予想されます。

主な発展

2023年1月、Matadorの100%子会社であるMatador Resourcesは、ニューメキシコ州Lea郡とテキサス州Ward郡に所在する石油・天然ガス生産施設と未開発鉱区を含むAdvance Energy Partners Holdings, LLC（以下「Advance」）の買収（「Advance取引」）に関する最終契約を締結しました。アドバンス取引の対価は、当初16億米ドルの現金支払いとなる予定です。

OPECは1月、米国のタイト原油（シェールの別称）の2021年の生産量見通しを下方修正し、日量14万バレル減の716万バレルになると予想しています。米国政府は、2020年3月のシェール生産量は約7万8000bpd減の750万bpdと予想しています。これは、原油価格の上昇が見込まれる場合でも同様であり、シェールオイル・ガス生産者に大いに余裕を与えています。

本レポートの内容

• 地域別・国別セグメントの市場シェア評価
• 新規参入企業への戦略的提言
• 2020年、2021年、2022年、2025年、2028年の市場データを収録
• 市場動向（市場促進要因・促進要因・機会・脅威・課題・投資機会・提言）を網羅
• 市場推定に基づく、主要ビジネスセグメントにおける戦略的推奨事項
• 主要な共通トレンドをマッピングした競合情勢
• 詳細な戦略、財務、最近の開発状況を含む企業プロファイル
• 最新の技術的進歩をマッピングしたサプライチェーン動向

無料カスタマイズサービス

本レポートをご購読のお客様には、以下のカスタマイズオプションのいずれかを無償でご提供いたします。

• 企業プロファイル
  • 追加市場プレイヤーの包括的なプロファイリング（最大3社まで）
  • 主要プレイヤーのSWOT分析（3社まで）
• 地域別セグメンテーション
  • お客様のご希望に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによります。）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要プレイヤーのベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 仮定

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 製品分析
• 技術分析
• アプリケーション分析
• 新興市場
• COVID-19の影響

第4章 ポーターズファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界のオイルシェール市場：製品別

• シェールガソリン
• シェールディーゼル
• 灯油
• その他の製品

第6章 世界のオイルシェール市場：技術別

• その場技術
• Ex-Situテクノロジー

第7章 世界のオイルシェール市場：プロセス別

• オイルシェール探査
• 鉱石の準備
• オイルシェールレトルト
• シェールオイルの精製と専門サービス

第8章 世界のオイルシェール市場：用途別

• 燃料
• 電気
• セメント
• 化学品
• その他のアプリケーション

第9章 世界のオイルシェール市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東とアフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東

第10章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品の発売
• 事業拡大
• その他の主要戦略

第11章 企業プロファイル

• Afsk Hom Tov
• American Resource Petroleum Corp.
• American Shale Oil Corp.
• Aurasource Inc.
• Blue Ensign Technologies Ltd.
• Chattanooga Corp.
• Chevron Shale Oil Company
• Electro-Petroleum Inc.
• Exxon Mobil Corp.
• Fushun Mining Group Co., Ltd
• Global Resource Corp
• Imperial Petroleum Recovery Corp.
• Independent Energy Partners
• Millennium Synfuels, Llc
• Mountain West Energy
• Narva Oil Plant
• Petro Probe, Inc
• Petrobras
• Queensland Energy Resources
• Schlumberger
• Shale Technologies, Llc
• Shell Oil Co.
• Viru Keemia Group
• Xtract Energy Plc

List of Tables

• 1 Global Oil Shale Market Outlook, By Region (2020-2028) ($MN)
• 2 Global Oil Shale Market Outlook, By Product (2020-2028) ($MN)
• 3 Global Oil Shale Market Outlook, By Shale Gasoline (2020-2028) ($MN)
• 4 Global Oil Shale Market Outlook, By Shale Diesel (2020-2028) ($MN)
• 5 Global Oil Shale Market Outlook, By Kerosene (2020-2028) ($MN)
• 6 Global Oil Shale Market Outlook, By Other Products (2020-2028) ($MN)
• 7 Global Oil Shale Market Outlook, By Technology (2020-2028) ($MN)
• 8 Global Oil Shale Market Outlook, By In-Situ Technology (2020-2028) ($MN)
• 9 Global Oil Shale Market Outlook, By Ex-Situ Technology (2020-2028) ($MN)
• 10 Global Oil Shale Market Outlook, By Process (2020-2028) ($MN)
• 11 Global Oil Shale Market Outlook, By Oil Shale Exploration (2020-2028) ($MN)
• 12 Global Oil Shale Market Outlook, By Ore Preparation (2020-2028) ($MN)
• 13 Global Oil Shale Market Outlook, By Oil Shale Retorting (2020-2028) ($MN)
• 14 Global Oil Shale Market Outlook, By Shale Oil Refining & Specialty Services (2020-2028) ($MN)
• 15 Global Oil Shale Market Outlook, By Application (2020-2028) ($MN)
• 16 Global Oil Shale Market Outlook, By Fuel (2020-2028) ($MN)
• 17 Global Oil Shale Market Outlook, By Electricity (2020-2028) ($MN)
• 18 Global Oil Shale Market Outlook, By Cement (2020-2028) ($MN)
• 19 Global Oil Shale Market Outlook, By Chemicals (2020-2028) ($MN)
• 20 Global Oil Shale Market Outlook, By Other Applications (2020-2028) ($MN)
• 21 North America Oil Shale Market Outlook, By Country (2020-2028) ($MN)
• 22 North America Oil Shale Market Outlook, By Product (2020-2028) ($MN)
• 23 North America Oil Shale Market Outlook, By Shale Gasoline (2020-2028) ($MN)
• 24 North America Oil Shale Market Outlook, By Shale Diesel (2020-2028) ($MN)
• 25 North America Oil Shale Market Outlook, By Kerosene (2020-2028) ($MN)
• 26 North America Oil Shale Market Outlook, By Other Products (2020-2028) ($MN)
• 27 North America Oil Shale Market Outlook, By Technology (2020-2028) ($MN)
• 28 North America Oil Shale Market Outlook, By In-Situ Technology (2020-2028) ($MN)
• 29 North America Oil Shale Market Outlook, By Ex-Situ Technology (2020-2028) ($MN)
• 30 North America Oil Shale Market Outlook, By Process (2020-2028) ($MN)
• 31 North America Oil Shale Market Outlook, By Oil Shale Exploration (2020-2028) ($MN)
• 32 North America Oil Shale Market Outlook, By Ore Preparation (2020-2028) ($MN)
• 33 North America Oil Shale Market Outlook, By Oil Shale Retorting (2020-2028) ($MN)
• 34 North America Oil Shale Market Outlook, By Shale Oil Refining & Specialty Services (2020-2028) ($MN)
• 35 North America Oil Shale Market Outlook, By Application (2020-2028) ($MN)
• 36 North America Oil Shale Market Outlook, By Fuel (2020-2028) ($MN)
• 37 North America Oil Shale Market Outlook, By Electricity (2020-2028) ($MN)
• 38 North America Oil Shale Market Outlook, By Cement (2020-2028) ($MN)
• 39 North America Oil Shale Market Outlook, By Chemicals (2020-2028) ($MN)
• 40 North America Oil Shale Market Outlook, By Other Applications (2020-2028) ($MN)
• 41 Europe Oil Shale Market Outlook, By Country (2020-2028) ($MN)
• 42 Europe Oil Shale Market Outlook, By Product (2020-2028) ($MN)
• 43 Europe Oil Shale Market Outlook, By Shale Gasoline (2020-2028) ($MN)
• 44 Europe Oil Shale Market Outlook, By Shale Diesel (2020-2028) ($MN)
• 45 Europe Oil Shale Market Outlook, By Kerosene (2020-2028) ($MN)
• 46 Europe Oil Shale Market Outlook, By Other Products (2020-2028) ($MN)
• 47 Europe Oil Shale Market Outlook, By Technology (2020-2028) ($MN)
• 48 Europe Oil Shale Market Outlook, By In-Situ Technology (2020-2028) ($MN)
• 49 Europe Oil Shale Market Outlook, By Ex-Situ Technology (2020-2028) ($MN)
• 50 Europe Oil Shale Market Outlook, By Process (2020-2028) ($MN)
• 51 Europe Oil Shale Market Outlook, By Oil Shale Exploration (2020-2028) ($MN)
• 52 Europe Oil Shale Market Outlook, By Ore Preparation (2020-2028) ($MN)
• 53 Europe Oil Shale Market Outlook, By Oil Shale Retorting (2020-2028) ($MN)
• 54 Europe Oil Shale Market Outlook, By Shale Oil Refining & Specialty Services (2020-2028) ($MN)
• 55 Europe Oil Shale Market Outlook, By Application (2020-2028) ($MN)
• 56 Europe Oil Shale Market Outlook, By Fuel (2020-2028) ($MN)
• 57 Europe Oil Shale Market Outlook, By Electricity (2020-2028) ($MN)
• 58 Europe Oil Shale Market Outlook, By Cement (2020-2028) ($MN)
• 59 Europe Oil Shale Market Outlook, By Chemicals (2020-2028) ($MN)
• 60 Europe Oil Shale Market Outlook, By Other Applications (2020-2028) ($MN)
• 61 Asia Pacific Oil Shale Market Outlook, By Country (2020-2028) ($MN)
• 62 Asia Pacific Oil Shale Market Outlook, By Product (2020-2028) ($MN)
• 63 Asia Pacific Oil Shale Market Outlook, By Shale Gasoline (2020-2028) ($MN)
• 64 Asia Pacific Oil Shale Market Outlook, By Shale Diesel (2020-2028) ($MN)
• 65 Asia Pacific Oil Shale Market Outlook, By Kerosene (2020-2028) ($MN)
• 66 Asia Pacific Oil Shale Market Outlook, By Other Products (2020-2028) ($MN)
• 67 Asia Pacific Oil Shale Market Outlook, By Technology (2020-2028) ($MN)
• 68 Asia Pacific Oil Shale Market Outlook, By In-Situ Technology (2020-2028) ($MN)
• 69 Asia Pacific Oil Shale Market Outlook, By Ex-Situ Technology (2020-2028) ($MN)
• 70 Asia Pacific Oil Shale Market Outlook, By Process (2020-2028) ($MN)
• 71 Asia Pacific Oil Shale Market Outlook, By Oil Shale Exploration (2020-2028) ($MN)
• 72 Asia Pacific Oil Shale Market Outlook, By Ore Preparation (2020-2028) ($MN)
• 73 Asia Pacific Oil Shale Market Outlook, By Oil Shale Retorting (2020-2028) ($MN)
• 74 Asia Pacific Oil Shale Market Outlook, By Shale Oil Refining & Specialty Services (2020-2028) ($MN)
• 75 Asia Pacific Oil Shale Market Outlook, By Application (2020-2028) ($MN)
• 76 Asia Pacific Oil Shale Market Outlook, By Fuel (2020-2028) ($MN)
• 77 Asia Pacific Oil Shale Market Outlook, By Electricity (2020-2028) ($MN)
• 78 Asia Pacific Oil Shale Market Outlook, By Cement (2020-2028) ($MN)
• 79 Asia Pacific Oil Shale Market Outlook, By Chemicals (2020-2028) ($MN)
• 80 Asia Pacific Oil Shale Market Outlook, By Other Applications (2020-2028) ($MN)
• 81 South America Oil Shale Market Outlook, By Country (2020-2028) ($MN)
• 82 South America Oil Shale Market Outlook, By Product (2020-2028) ($MN)
• 83 South America Oil Shale Market Outlook, By Shale Gasoline (2020-2028) ($MN)
• 84 South America Oil Shale Market Outlook, By Shale Diesel (2020-2028) ($MN)
• 85 South America Oil Shale Market Outlook, By Kerosene (2020-2028) ($MN)
• 86 South America Oil Shale Market Outlook, By Other Products (2020-2028) ($MN)
• 87 South America Oil Shale Market Outlook, By Technology (2020-2028) ($MN)
• 88 South America Oil Shale Market Outlook, By In-Situ Technology (2020-2028) ($MN)
• 89 South America Oil Shale Market Outlook, By Ex-Situ Technology (2020-2028) ($MN)
• 90 South America Oil Shale Market Outlook, By Process (2020-2028) ($MN)
• 91 South America Oil Shale Market Outlook, By Oil Shale Exploration (2020-2028) ($MN)
• 92 South America Oil Shale Market Outlook, By Ore Preparation (2020-2028) ($MN)
• 93 South America Oil Shale Market Outlook, By Oil Shale Retorting (2020-2028) ($MN)
• 94 South America Oil Shale Market Outlook, By Shale Oil Refining & Specialty Services (2020-2028) ($MN)
• 95 South America Oil Shale Market Outlook, By Application (2020-2028) ($MN)
• 96 South America Oil Shale Market Outlook, By Fuel (2020-2028) ($MN)
• 97 South America Oil Shale Market Outlook, By Electricity (2020-2028) ($MN)
• 98 South America Oil Shale Market Outlook, By Cement (2020-2028) ($MN)
• 99 South America Oil Shale Market Outlook, By Chemicals (2020-2028) ($MN)
• 100 South America Oil Shale Market Outlook, By Other Applications (2020-2028) ($MN)
• 101 Middle East & Africa Oil Shale Market Outlook, By Country (2020-2028) ($MN)
• 102 Middle East & Africa Oil Shale Market Outlook, By Product (2020-2028) ($MN)
• 103 Middle East & Africa Oil Shale Market Outlook, By Shale Gasoline (2020-2028) ($MN)
• 104 Middle East & Africa Oil Shale Market Outlook, By Shale Diesel (2020-2028) ($MN)
• 105 Middle East & Africa Oil Shale Market Outlook, By Kerosene (2020-2028) ($MN)
• 106 Middle East & Africa Oil Shale Market Outlook, By Other Products (2020-2028) ($MN)
• 107 Middle East & Africa Oil Shale Market Outlook, By Technology (2020-2028) ($MN)
• 108 Middle East & Africa Oil Shale Market Outlook, By In-Situ Technology (2020-2028) ($MN)
• 109 Middle East & Africa Oil Shale Market Outlook, By Ex-Situ Technology (2020-2028) ($MN)
• 110 Middle East & Africa Oil Shale Market Outlook, By Process (2020-2028) ($MN)
• 111 Middle East & Africa Oil Shale Market Outlook, By Oil Shale Exploration (2020-2028) ($MN)
• 112 Middle East & Africa Oil Shale Market Outlook, By Ore Preparation (2020-2028) ($MN)
• 113 Middle East & Africa Oil Shale Market Outlook, By Oil Shale Retorting (2020-2028) ($MN)
• 114 Middle East & Africa Oil Shale Market Outlook, By Shale Oil Refining & Specialty Services (2020-2028) ($MN)
• 115 Middle East & Africa Oil Shale Market Outlook, By Application (2020-2028) ($MN)
• 116 Middle East & Africa Oil Shale Market Outlook, By Fuel (2020-2028) ($MN)
• 117 Middle East & Africa Oil Shale Market Outlook, By Electricity (2020-2028) ($MN)
• 118 Middle East & Africa Oil Shale Market Outlook, By Cement (2020-2028) ($MN)
• 119 Middle East & Africa Oil Shale Market Outlook, By Chemicals (2020-2028) ($MN)
• 120 Middle East & Africa Oil Shale Market Outlook, By Other Applications (2020-2028) ($MN)

According to Stratistics MRC, the Global Oil Shale Market is accounted for $3.36 billion in 2022 and is expected to reach $5.87 billion by 2028 growing at a CAGR of 9.7% during the forecast period. Oil shale is a particular kind of rock that is rich in organic materials and contains kerogen, a solid mixture of organic chemical compounds. Due to its low cost of extraction, oil shale is a type of substitute that is used more frequently for conventional crude oil. Growing industrialization and rising energy demand are the key factors propelling the market's expansion.

According to the Organization for Economic Co-operation and Development (OECD), a surge in the price of crude oil began during the lockdown, due to extensive supply and less demand. However, there is no impact of COVID-19 on the oil shale market due to the extensive production of oil.

Market Dynamics:

Driver:

Growing petrochemical industry to drive the market

Many nations have significant shale oil reserves that could be used to reduce their reliance on oil imports to meet the needs of the domestic petrochemical industry. By offering an incentive to invest in shale oil production, this helps the shale oil industry in the country grow. Additionally, the market has been supplanted by better and cleaner alternatives, which has decreased the share of shale oil in transportation and power generation. The petrochemical industry is anticipated to grow significantly during the forecast period as a result of rising petrochemical product usage, the adoption of novel processes like direct crude cracking, and rising investments in the industry.

Restraint:

Expensive production and continuous usage of fossil fuels

As there is no alternative technology that is suitable for shale gas and because the current technology is still so expensive, shale gas drilling is two times more expensive than natural gas drilling. Additionally, even though these are different dates, oil, natural gas, and coal will all run out at some point. To lessen environmental pollution, the use of these resources ought to be decreased. By converting shale gas potential into actual production, fossil fuel use will last for a very long time.

Opportunity:

Rapid urbanization

The market is influenced by rising income levels and increased urbanization-related car sales. In addition, soaring energy demand and the construction of new power plants are fueling the market's expansion and boosting demand for shale oil. Shale oil can be used as a boiler fuel in a furnace to produce steam for electricity. Due to a sharp increase in construction development around the world, there is also an increase in demand for cement and other products which is driving the industry.

Threat:

Quickens the global warming

The environment could be seriously impacted by the extraction of oil from shale. The discussion surrounding the development of the resource is dominated by four specific areas of concern: greenhouse gas output, water consumption and pollution, surface disturbance, and socioeconomic effects. Concerns about shale gas production were expressed by environmentalists and specialists in climate change. This development led to the banning of shale gas drilling by many governments, including the French government.

COVID-19 Impact

The emergence of COVID-19 has coincided with a core oil market management dispute. The issue of oversupply and the global demand situation have a negative effect on the demand and price of oil shale. Due to the fluctuating prices of crude oil and natural gas, US shale oil and gas demand fell precipitously, prices fell precipitously, and bankruptcies were reported at a shockingly high rate. Natural gas proved reserves decreased by just under 22 trillion cubic feet (TCF), a decrease of 4%, while proved reserves of crude oil and lease condensate decreased by 9 billion barrels, a decrease of 19%. However, as travel restrictions were lifted as a result of the widespread vaccination campaigns in 2021, the demand for liquid fuels increased. This is anticipated to lead to an increase in the demand for oil shale, which will fuel the expansion of the regional oil shale market over the course of the forecast period.

The In-Situ Technology segment is expected to be the largest during the forecast period

The In-Situ technology segment had the largest market share and is anticipated to maintain its dominance throughout the forecast period. Since then, this technology has been widely employed; in-situ retorting is the only 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, a high oil recovery rate, good product quality, and minimal floor space requirements, in-situ mining technology has gradually replaced oil shale mining.

The Electricity segment is expected to have the highest CAGR during the forecast period

During the forecast period, the electricity segment is anticipated to witness the highest CAGR. The electricity segment will post lucrative growth during this period. Moreover, the appeal of producing shale oil and/or electric energy from oil shale has grown to the point where the nation's energy diversity has increased in terms of both economic and strategic importance in today's world, where oil and electricity are becoming more and more difficult to obtain. These factors are anticipated to support the expansion of the electricity segment.

Region with largest share:

Due to the rising need for affordable alternatives to conventional energy, the region's growing oil and energy industries, and the increasing depletion of non-renewable energy sources, the North American region is anticipated to dominate the oil shale market throughout the forecast period. The two biggest markets in North America for oil shale are the US and Canada. Moreover, with a significant increase in production, US shale oil is now competitive with Saudi Arabia and Russia in terms of market share.

Region with highest CAGR:

The Asia Pacific region is anticipated to witness the highest CAGR during the forecast period, owing to the region's growing preference for oil shale as a substitute component in conventional fuels and its expanding oil and energy industries. Furthermore, the demand for cutting-edge technology, tools, and equipment to boost the effectiveness of exploration and production activities in onshore and offshore areas is also anticipated to fuel the growth of the oil shale services market in the Asia-Pacific region.

Key players in the market

Some of the key players profiled in the Oil Shale Market include Electro-Petroleum Inc., Exxon Mobil Corp., Fushun Mining Group Co., Ltd, Global Resource Corp, Imperial Petroleum Recovery Corp., Independent Energy Partners, Millennium Synfuels, Llc, Mountain West Energy, Afsk Hom Tov, American Resource Petroleum Corp., American Shale Oil Corp., Aurasource Inc., Blue Ensign Technologies Ltd., Chattanooga Corp., Chevron Shale Oil Company, Narva Oil Plant, Petro Probe, Inc, Petrobras, Schlumberger, Shale Technologies, Llc and Shell Oil Co.

Key Developments:

In January 2023, Matador Resources that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire Advance Energy Partners Holdings, LLC ("Advance"), including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Ward County, Texas (the "Advance Transaction"). The consideration for the Advance Transaction will consist of an initial cash payment of $1.6 billion.

In January 2021, OPEC has cut its 2021 forecast for US tight crude, another term for shale, and expects production to decline by 140,000 barrels per day to 7.16 million bpd. The US government expects shale output in March 2020 to fall about 78,000 bpd to 7.5 million. This is even when the price of crude is expected to rise, giving much-needed leeway to the shale oil and gas producers.

Products Covered:

• Shale Gasoline
• Shale Diesel
• Kerosene
• Other Products

Technologies Covered:

• In-Situ Technology
• Ex-Situ Technology

Process Covered:

• Oil Shale Exploration
• Ore Preparation
• Oil Shale Retorting
• Shale Oil Refining & Specialty Services

Applications Covered:

• Fuel
• Electricity
• Cement
• Chemicals
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Technology Analysis
• 3.8 Application Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Oil Shale Market, By Product

• 5.1 Introduction
• 5.2 Shale Gasoline
• 5.3 Shale Diesel
• 5.4 Kerosene
• 5.5 Other Products

6 Global Oil Shale Market, By Technology

• 6.1 Introduction
• 6.2 In-Situ Technology
• 6.3 Ex-Situ Technology

7 Global Oil Shale Market, By Process

• 7.1 Introduction
• 7.2 Oil Shale Exploration
• 7.3 Ore Preparation
• 7.4 Oil Shale Retorting
• 7.5 Shale Oil Refining & Specialty Services

8 Global Oil Shale Market, By Application

• 8.1 Introduction
• 8.2 Fuel
• 8.3 Electricity
• 8.4 Cement
• 8.5 Chemicals
• 8.6 Other Applications

9 Global Oil Shale Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Afsk Hom Tov
• 11.2 American Resource Petroleum Corp.
• 11.3 American Shale Oil Corp.
• 11.4 Aurasource Inc.
• 11.5 Blue Ensign Technologies Ltd.
• 11.6 Chattanooga Corp.
• 11.7 Chevron Shale Oil Company
• 11.8 Electro-Petroleum Inc.
• 11.9 Exxon Mobil Corp.
• 11.10 Fushun Mining Group Co., Ltd
• 11.11 Global Resource Corp
• 11.12 Imperial Petroleum Recovery Corp.
• 11.13 Independent Energy Partners
• 11.14 Millennium Synfuels, Llc
• 11.15 Mountain West Energy
• 11.16 Narva Oil Plant
• 11.17 Petro Probe, Inc
• 11.18 Petrobras
• 11.19 Queensland Energy Resources
• 11.20 Schlumberger
• 11.21 Shale Technologies, Llc
• 11.22 Shell Oil Co.
• 11.23 Viru Keemia Group
• 11.24 Xtract Energy Plc