Shale gas is an unconventional natural gas obtained from shale formations that act as both reservoir and source for natural gas. The geologic studies, seismic imaging and magnetometer tests, and geological surveys are undertaken to explore shale gas resources. The gas exists in shale in different forms as free gas in rock pores, natural fractures, and absorbed gas on organic matter, and mineral surfaces. The production wells are drilled either horizontally or vertically; most of which are hydraulically fractured to stimulate production.
The global shale gas production is expected to grow from 4,130 billion cubic feet in 2011 to 6,991 billion cubic feet in 2021 at CAGR of 5.4% for the same period. The shale gas production is expected to become online from EMEA, Asia Pacific, and ROW by the year 2016 based on current exploration activities undertaken by major oil and gas companies. The global shale gas production is expected to grow from 5,563 billion cubic feet in 2016 to 6,991 billion cubic feet in 2021 at CAGR of 4.7% for the same period. The markets representing high growth rate from 2016 to 2021 are China (6.2%), Poland (6%), France (5.4%), South Africa (5.1%), and U.S. (5%). North America is expected to remain largest shale gas producer globally by the year 2021 with share of 78% followed by EMEA (13%), Asia Pacific (7%), and ROW (2%) due to technological expertise and availability of resources.
The major drivers for shale gas market are identified as proved abundance of shale gas resources across the globe, improving supply and distribution infrastructure, decline in natural gas prices, and improvements in drilling technology. The capital intensive nature of shale gas projects and water contamination and usage issues for fracturing requirements hinder shale gas development. The opportunities are cited in probable increase in ethylene volumes through shale gas and new basins discovered in countries like Poland, China, and Australia.
The agenda of this analyst briefing is to discuss market drivers, opportunities, burning issues, trends, and winning imperatives for global shale gas market.
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.
M&M covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com
Note: An email containing the Login Details and Time of the Analyst Briefing will be sent to you soon after your successful registration.