HOME Top Market Reports Shale Gas Market by Technology, Geography, Applications, Regulations, Ethylene production, Market Trends & Global Forecasts (2011- 2021)

Shale Gas Market by Technology, Geography, Applications, Regulations, Ethylene production, Market Trends & Global Forecasts (2011- 2021)

By: marketsandmarkets.com
Publishing Date: May 2011
Report Code: EP 1579

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The report covers the trends and forecasts for the year 2021 in production and consumption of shale gas along with production costs and average selling prices, opportunities, burning issues, challenges, and regulations affecting shale gas market in North America, EMEA, Asia Pacific, and Rest of the World. The geographic segmentation is done on the basis of shale gas production and exploration activities executed by major oil and gas companies. 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 executed by oil and gas companies and exploration of new shale gas resources. As a result of these activities, new shale gas production volumes are expected from these regions.

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 the U.S. (5%). North America is expected to remain the 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.

Shale gas is an unconventional natural gas explored at a greater depth than conventional natural gas from underground shale formations. The widely used technologies for production are multistage hydraulic fracturing; combined with horizontal drilling. The cost of drilling and fracturing water requirement varies from basin to basin depending upon geological rock formation and depth of resources. The technology section of the report covers basin-wise production details, geological characteristics, and well cost. The section also includes analysis of scenario regarding potential water usage for shale gas production. The report discusses various scenarios of how ethylene can be produced in the U.S. from shale basins and cost advantages it can leverage against imports.

Please click here to get the relevant report of
Shale Gas Processing Equipment Market by Component (Compressors & Pumps, Electrical Machinery, Heat Exchangers, Internal Combustion Engines, and Measuring & Controlling Devices) & by Geography (North America & ROW) - Global Trends and forecasts to 2019

TABLE OF CONTENTS
  
1 INTRODUCTION

  1.1 KEY TAKE-AWAYS
  1.2 REPORT DESCRIPTION
  1.3 MARKETS COVERED
  1.4 STAKEHOLDERS
  1.5 KEY QUESTIONS ANSWERED
  1.6 RESEARCH METHODOLOGY
      1.6.1 MARKET SIZE
      1.6.2 SOURCES OF KEY DATA POINTS
      1.6.3 ASSUMPTIONS
 
2 EXECUTIVE SUMMARY
 
3 MARKET OVERVIEW

  3.1 INTRODUCTION
      3.1.1 SHALE GAS LANDSCAPE
            3.1.1.1 Total shale gas in place
            3.1.1.2 Contingent resources
            3.1.1.3 Proved resources
  3.2 BURNING ISSUES
      3.2.1 ENVIRONMENTAL CONCERNS
      3.2.2 GHG REPERCUSSIONS OF SHALE GAS
  3.3 MARKET DYNAMICS
      3.3.1 DRIVERS
            3.3.1.1 Proved abundance of shale gas resources across the globe
            3.3.1.2 Declining natural gas prices
            3.3.1.3 Advances in drilling technology make shale gas production viable
            3.3.1.4 Upcoming natural gas pipeline projects
      3.3.2 RESTRAINTS
            3.3.2.1 Production of shale gas can be economically unviable at times
            3.3.2.2 Shale gas production is capital intensive
            3.3.2.3 Negative environmental impact
      3.3.3 OPPORTUNITY
            3.3.3.1 Shale gas likely to boost NGL & ethylene production
            3.3.3.2 New shale gas reserves identified in Europe & APAC
  3.4 IMPACT OF MARKET DYNAMICS
  3.5 WINNING IMPERATIVES
      3.5.1 ESTABLISHMENT OF WATER SUPPLY CHANNEL
      3.5.2 MERGERS & ACQUISITIONS
  3.6 SHALE GAS VALUE CHAIN
      3.6.1 EXPLORATION
      3.6.2 EXTRACTION
      3.6.3 PRODUCTION
      3.6.4 TRANSPORTATION
      3.6.5 STORAGE
      3.6.6 DISTRIBUTION
      3.6.7 MARKETING
  3.7 ANALYSIS OF PORTER’S FIVE FORCES
      3.7.1 ENTRY BARRIERS
      3.7.2 THREAT FROM SUPPLIERS
      3.7.3 THREAT FROM SUBSTITUTES
      3.7.4 THREAT FROM BUYERS
      3.7.5 DEGREE OF COMPETITION
  3.8 NATURAL GAS MARKET
  3.9 UNCONVENTIONAL NATURAL GAS MARKET
  3.10 MAJOR PLAYERS
 
4 GLOBAL SHALE GAS MARKET – BY GEOGRAPHY
  4.1 INTRODUCTION
  4.2 NORTH AMERICA
      4.2.1 NORTH AMERICA SHALE GAS BASINS
  4.3 EMEA
  4.4 ASIA PACIFIC
  4.5 REST OF THE WORLD
  4.6 COMPETITIVE BENCHMARKING OF SHALE GAS PRODUCTION OUTLOOK (2011)
      4.6.1 SHALE GAS PRODUCTION OUTLOOK BY COMPETITIVE BENCHMARKING PARAMETERS 2011
  4.7 POLICIES & REGULATIONS
 
5 GLOBAL SHALE GAS MARKET – BY TECHNOLOGIES
  5.1 INTRODUCTION
  5.2 EXPLORATION & DRILLING
      5.2.1 HORIZONTAL DRILLING
      5.2.2 FRACTURE STIMULATION
      5.2.3 COSTS ASSOCIATED WITH HORIZONTAL DRILLING
      5.2.4 WATER USAGE ISSUES
  5.3 FRACTURING FLUID
      5.3.1 WATER
      5.3.2 POTENTIAL WATER REQUIREMENTS
      5.3.3 CHEMICALS
      5.3.4 PROPPANTS
 
6 GLOBAL SHALE GAS MARKET – BY APPLICATIONS
  6.1 INTRODUCTION
      6.1.1 POWER GENERATION
      6.1.2 INDUSTRIAL
      6.1.3 RESIDENTIAL
      6.1.4 COMMERCIAL
      6.1.5 TRANSPORTATION
  6.2 SHALE GAS APPLICATIONS BY GEOGRAPHY
      6.2.1 NORTH AMERICA
      6.2.2 EMEA
      6.2.3 ASIA PACIFIC
      6.2.4 REST OF THE WORLD
 
7 COMPETITIVE LANDSCAPE
  7.1 INTRODUCTION
 
8 COMPANY PROFILES
  8.1 3LEG RESOURCES INC.
      8.1.1 OVERVIEW
      8.1.2 FINANCIALS
      8.1.3 PRODUCTS & SERVICES
      8.1.4 STRATEGY
      8.1.5 DEVELOPMENTS
  8.2 BAKER HUGHES INC.
      8.2.1 OVERVIEW
      8.2.2 FINANCIALS
      8.2.3 PRODUCTS & SERVICES
      8.2.4 STRATEGY
      8.2.5 DEVELOPMENTS
  8.3 BEACH ENERGY LTD
      8.3.1 OVERVIEW
      8.3.2 FINANCIALS
      8.3.3 PRODUCTS & SERVICES
      8.3.4 STRATEGY
      8.3.5 DEVELOPMENTS
  8.4 BNK PETROLEUM INC.
      8.4.1 OVERVIEW
      8.4.2 FINANCIALS
      8.4.3 PRODUCTS & SERVICES
      8.4.4 STRATEGY
      8.4.5 DEVELOPMENTS
  8.5 CHESAPEAKE ENERGY CORP
      8.5.1 OVERVIEW
      8.5.2 FINANCIALS
      8.5.3 PRODUCTS & SERVICES
      8.5.4 STRATEGY
      8.5.5 DEVELOPMENTS
  8.6 CHEVRON CORP
      8.6.1 OVERVIEW
      8.6.2 FINANCIALS
      8.6.3 PRODUCTS & SERVICES
      8.6.4 STRATEGY
      8.6.5 DEVELOPMENTS
  8.7 CONOCOPHILLIPS
      8.7.1 OVERVIEW
      8.7.2 FINANCIALS
      8.7.3 PRODUCTS & SERVICES
      8.7.4 STRATEGY
      8.7.5 DEVELOPMENTS
  8.8 CROSSTEX ENERGY
      8.8.1 OVERVIEW
      8.8.2 FINANCIALS
      8.8.3 PRODUCTS & SERVICES
      8.8.4 STRATEGY
      8.8.5 DEVELOPMENTS
  8.9 DEVON ENERGY CORP
      8.9.1 OVERVIEW
      8.9.2 FINANCIALS
      8.9.3 PRODUCTS & SERVICES
      8.9.4 STRATEGY
      8.9.5 DEVELOPMENTS
  8.1 EXOMA ENERGY LTD.
      8.10.1 OVERVIEW
      8.10.2 FINANCIALS
      8.10.3 PRODUCTS & SERVICES
      8.10.4 STRATEGY
      8.10.5 DEVELOPMENTS
  8.11 JUNEX
      8.11.1 OVERVIEW
      8.11.2 FINANCIALS
      8.11.3 PRODUCTS & SERVICES
      8.11.4 STRATEGY
      8.11.5 DEVELOPMENTS
  8.12 LNG ENERGY LTD.
      8.12.1 OVERVIEW
      8.12.2 FINANCIALS
      8.12.3 PRODUCTS & SERVICES
      8.12.4 STRATEGY
      8.12.5 DEVELOPMENTS
  8.13 MARATHON OIL CORP
      8.13.1 OVERVIEW
      8.13.2 FINANCIALS
      8.13.3 PRODUCTS & SERVICES
      8.13.4 STRATEGY
      8.13.5 DEVELOPMENTS
      8.14 MITSUBISHI CORP
      8.14.1 OVERVIEW
      8.14.2 FINANCIALS
      8.14.3 PRODUCTS & SERVICES
      8.14.4 STRATEGY
      8.14.5 DEVELOPMENTS
  8.15 NEXEN INC.
      8.15.1 OVERVIEW
      8.15.2 FINANCIALS
      8.15.3 PRODUCTS & SERVICES
      8.15.4 STRATEGY
      8.15.5 DEVELOPMENTS
  8.16 PETROHAWK ENERGY CORP
      8.16.1 OVERVIEW
      8.16.2 FINANCIALS
      8.16.3 PRODUCTS & SERVICES
      8.16.4 STRATEGY
      8.16.5 DEVELOPMENTS
  8.17 POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA
      8.17.1 OVERVIEW
      8.17.2 FINANCIALS
      8.17.3 PRODUCTS & SERVICES
      8.17.4 STRATEGY
      8.17.5 DEVELOPMENTS
  8.18 QUICKSILVER RESOURCES INC.
      8.18.1 OVERVIEW
      8.18.2 FINANCIALS
      8.18.3 PRODUCTS & SERVICES
      8.18.4 STRATEGY
      8.18.5 DEVELOPMENTS
  8.19 REALM ENERGY INTERNATIONAL
      8.19.1 OVERVIEW
      8.19.2 FINANCIALS
      8.19.3 PRODUCTS & SERVICES
      8.19.4 STRATEGY
      8.19.5 DEVELOPMENTS
  8.2 ROYAL DUTCH SHELL PLC
      8.20.1 OVERVIEW
      8.20.2 FINANCIALS
      8.20.3 PRODUCTS & SERVICES
      8.20.4 STRATEGY
      8.20.5 DEVELOPMENTS
  8.21 SOUTHWESTERN ENERGY COMPANY
      8.21.1 OVERVIEW
      8.21.2 FINANCIALS
      8.21.3 PRODUCTS & SERVICES
      8.21.4 STRATEGY
      8.21.5 DEVELOPMENTS
  8.22 STATOIL
      8.22.1 OVERVIEW
      8.22.2 FINANCIAS
      8.22.3 PRODUCTS & SERVICES
      8.22.4 STRATEGY
      8.22.5 DEVELOPMENTS
  8.23 TALISMAN ENERGY INC.
      8.23.1 OVERVIEW
      8.23.2 FINANCIALS
      8.23.3 PRODUCTS & SERVICES
      8.23.4 STRATEGY
      8.23.5 DEVELOPMENTS
  8.24 TOTAL S.A.
      8.24.1 OVERVIEW
      8.24.2 FINANCIALS
      8.24.3 PRODUCTS & SERVICES
      8.24.4 STRATEGY
      8.24.5 DEVELOPMENTS
  8.25 TRIANGLE PETROLEUM CORP
      8.25.1 OVERVIEW
      8.25.2 FINANCIALS
      8.25.3 PRODUCTS & SERVICES
      8.25.4 STRATEGY
      8.25.5 DEVELOPMENTS
 
APPENDIX 
  U.S. PATENTS
  JAPAN PATENTS 
   
LIST OF TABLES 

1 SHALE GAS MARKET VOLUMES, BY GEOGRAPHY, 2021 (BILLION CUBIC FEET) 
2 UNCONVENTIONAL GAS RESERVES VOLUMES, BY GEOGRAPHY, 2010 (TRILLION CUBIC FEET) 
3 SHALE GAS TECHNICALLY RECOVERABLE RESOURCES, BY GEOGRAPHY, 2010 (TRILLION CUBIC FEET)
4 UPCOMING NATURAL GAS PIPELINE PROJECTS
5 PARAMETERS FOR COMMERCIAL PRODUCTION OF SHALE GAS
6 PROBABLE NGL PRODUCTION FROM SHALE GAS, BY GEOGRAPHY, 2011 – 2021 (THOUSAND TONS) 
7 ETHYLENE PRODUCTION FROM SHALE GAS, BY GEOGRAPHY, 2011 – 2021 (THOUSAND TONS) 
8 ETHYLENE PRODUCTION COST FROM SHALE GAS, BY GEOGRAPHY, 2011 – 2021 ($MILLION)
9 SHALE GAS EXPLORATION ACTIVITIES IN EMERGING COUNTRIES, BY MAJOR COMPANIES 
10 IMPACT OF MARKET DYNAMICS
11 GLOBAL NATURAL GAS PRODUCTION, BY TYPES, 2009 – 2021 (BCF)
12 GLOBAL NATURAL GAS PRODUCTION COST, BY TYPES, 2009 – 2021 ($MILLION)
13 GLOBAL NATURAL GAS CONSUMPTION, BY TYPES, 2009 – 2021 (BCF)
14 GLOBAL NATURAL GAS REVENUE, BY TYPES, 2009 – 2021 ($MILLION)
15 GLOBAL UNCONVENTIONAL GAS PRODUCTION, BY TYPES, 2009 – 2021 (BCF)
16 GLOBAL UNCONVENTIONAL GAS PRODUCTION COST, BY TYPES, 2009 – 2021 ($MILLION) 
17 GLOBAL UNCONVENTIONAL GAS CONSUMPTION, BY TYPES, 2009 – 2021 (BCF) 
18 GLOBAL UNCONVENTIONAL GAS REVENUE, BY TYPES, 2009 – 2021 ($MILLION) 
19 NATURAL GAS PRODUCTION, BY COMPANIES, 2010 (BCF)
20 SHALE GAS PRODUCTION COST, BY GEOGRAPHY, 2009 – 2021 ($MILLION PER BCF) 
21 SHALE GAS PRICE, BY GEOGRAPHY, 2009 – 2021 ($MILLION PER BCF)
22 SHALE GAS PRODUCTION, BY GEOGRAPHY, 2009 – 2021 (IN BCF)
23 SHALE GAS PRODUCTION COST, BY GEOGRAPHY, 2009 – 2021 ($MILLION) 
24 SHALE GAS CONSUMPTION, BY GEOGRAPHY, 2009 – 2021 (IN BCF)
25 SHALE GAS REVENUE, BY GEOGRAPHY, 2009 – 2021 ($MILLION)
26 NORTH AMERICA: SHALE GAS PRODUCTION, BY COUNTRY, 2009 – 2021 (IN BCF) 
27 NORTH AMERICA: SHALE GAS PRODUCTION COST, BY COUNTRY, 2009 – 2021 ($MILLION) 
28 NORTH AMERICA: SHALE GAS CONSUMPTION, BY COUNTRY, 2009 – 2021 (IN BCF) 
29 NORTH AMERICA: SHALE GAS REVENUE, BY COUNTRY, 2009 – 2021 ($MILLION) 
30 U.S: SHALE GAS BASIN CHARACTERISTICS
31 U.S: SHALE GAS PRODUCTION, BY BASINS, 2009 – 2021 (IN BCF)
32 U.S: SHALE GAS PRODUCTION COST, BY BASINS, 2009 – 2021 ($MILLION) 
33 CANADA: SHALE GAS PRODUCTION, BY BASINS, 2009 – 2021 (IN BCF)
34 CANADA: SHALE GAS PRODUCTION COST, BY BASINS, 2009 – 2021 ($MILLION) 
35 SHALE GAS EXPLORATION ACTIVITY, BY COUNTRY
36 EMEA: SHALE GAS PRODUCTION, BY COUNTRY, 2009 – 2021 (IN BCF)
37 EMEA: SHALE GAS RODUCTION COST, BY COUNTRY, 2009 – 2021 ($MILLION)
38 EMEA: SHALE GAS CONSUMPTION, BY COUNTRY, 2009 – 2021 (IN BCF)
39 EMEA: SHALE GAS REVENUE, BY COUNTRY, 2009 – 2021 ($MILLION)
40 ASIA PACIFIC: SHALE GAS PRODUCTION, BY COUNTRY, 2009 – 2021 (IN BCF)
41 ASIA PACIFIC: SHALE GAS PRODUCTION COST, BY COUNTRY, 2009 – 2021 ($MILLION) 
42 ASIA PACIFIC: SHALE GAS CONSUMPTION, BY COUNTRY, 2009 – 2021 (IN BCF) 
43 ASIA PACIFIC: SHALE GAS REVENUE, BY COUNTRY, 2009 – 2021 ($MILLION) 
44 ROW: SHALE GAS PRODUCTION, 2009 – 2021 (IN BCF)
45 ROW: SHALE GAS PRODUCTION COST, 2009 – 2021 ($MILLION)
46 ROW: SHALE GAS CONSUMPTION, 2009 – 2021 (IN BCF)
47 ROW: SHALE GAS REVENUE, 2009 – 2021 ($MILLION)
48 WELL PRODUCTION COST ($’000)
49 COMPOSITION OF FRACTURING FLUID
50 USAGE OF VARIOUS CHEMICALS IN FRACTURING
51 WATER REQUIREMENTS, BY MAJOR BASINS
52 WELL PRODUCTIVITY, BY MAJOR BASINS
53 WATER REQUIREMENTS, BY MAJOR US BASINS, 2011 – 2021 (MILLION GALLONS PER WELL) 
54 WATER REQUIREMENT & WELL PRODUCTIVITY
55 REDUCTION IN WATER UTILIZATION BY RECYCLING IN % (IN GALLONS) 
56 UTILIZATION OF CHEMICALS BY MAJOR BASINS (GALLONS/WELL)
57 GLOBAL PROPPANT CONSUMPTION BY TYPES, 2009 – 2021 (THOUSAND TONS) 
58 GLOBAL SHALE GAS CONSUMPTION, BY APPLICATIONS, 2009 – 2021 (IN BCF) 
59 GLOBAL SHALE GAS REVENUE, BY APPLICATIONS, 2009 – 2021 ($MILLION) 
60 NORTH AMERICA SHALE GAS CONSUMPTION, BY APPLICATIONS, 2009 – 2021 (IN BCF) 
61 NORTH AMERICA: SHALE GAS REVENUE, BY APPLICATIONS, 2009 – 2021 ($MILLION) 
62 EMEA: SHALE GAS CONSUMPTION, BY APPLICATIONS, 2009 – 2021 (BCF) 
63 EMEA: SHALE GAS REVENUE, BY APPLICATIONS, 2009 – 2021 ($MILLION) 
64 ASIA PACIFIC: SHALE GAS CONSUMPTION, BY APPLICATIONS, 2009 – 2021 (IN BCF) 
65 ASIA PACIFIC: SHALE GAS REVENUE, BY APPLICATIONS, 2009 – 2021 ($MILLION) 
66 ROW: SHALE GAS CONSUMPTION, BY APPLICATIONS, 2009 – 2021 (BCF) 
67 ROW: SHALE GAS REVENUE, BY APPLICATIONS, 2009 – 2021 ($MILLION) 
68 ACQUISITIONS (AUGUST 2009 – APRIL 2011)
69 AGREEMENTS, ALLIANCES & CONTRACTS (JULY 2008 – APRIL 2011)
70 APPLICATIONS, APPROVALS & CONCESSIONS (DECEMBER 2009 – APRIL 2011) 
71 INVESTMENTS, JOINT VENTURES & PARTNERSHIPS, EXPLORATION (JULY 2009 - APRIL 2011)
72 OTHER DEVELOPMENTS (OCTOBER 2009 – APRIL 2011)
73 GLOBAL NATURAL GAS PRODUCTION, BY GEOGRAPHY, 2009 – 2021 (BCF) 
74 GLOBAL NATURAL GAS PRODUCTION COST, BY GEOGRAPHY, 2009 – 2021 ($MILLION) 
75 GLOBAL NATURAL GAS CONSUMPTION, BY GEOGRAPHY, 2009 – 2021 (BCF) 
76 GLOBAL NATURAL GAS REVENUE, BY GEOGRAPHY, 2009 – 2021 ($MILLION) 
77 GLOBAL NATURAL GAS RESERVES, BY GEOGRAPHY, 2009 – 2021 (BCF)
78 SHALE GAS COMPOSITION
79 TECHNICALLY RECOVERABLE RESOURCES, BY COUNTRY    
   
LIST OF FIGURES 

1 CLASSIFICATION OF NATURAL GAS
2 GLOBAL NATURAL GAS PRODUCTION, BY TYPES (2010)
3 SHALE GAS RESOURCES CLASSIFICATION
4 NATURAL GAS PRICE TREND (MARCH 2006 – MARCH 2011)
5 NATURAL GAS LIQUID END-USES
6 SHALE GAS VALUE CHAIN
7 PORTER’S ANALYSIS FOR SHALE GAS INDUSTRY
8 GLOBAL SHALE GAS AS %AGE OF UNCONVENTIONAL GAS PRODUCTION (2009-2021)
9 SHALE GAS PRODUCTION, BY GEOGRAPHY (2021)
10 NORTH AMERICA: PRIMARY ENERGY CONSUMPTION, BY SOURCES (2009)
11 EMEA PRIMARY ENERGY CONSUMPTION, BY SOURCES (2009)
12 ASIA PACIFIC: PRIMARY ENERGY CONSUMPTION BY SOURCES (2009)
13 ROW: PRIMARY ENERGY CONSUMPTION BY SOURCES (2009)
14 SHALE GAS SHARE TO TOTAL NATURAL GAS BY GEOGRAPHY (2021)
15 SHALE GAS PRODUCTION: COMPETITIVE BENCHMARKING, BY GEOGRAPHY (2011)
16 COST BREAK-DOWN OF WELLS (2010)
17 WELL PRODUCTIVITY, BY BASINS
18 U.S. INDUSTRIAL WATER UTILIZATION (2010)
19 GLOBAL CONSUMPTION OF PROPPANTS, BY TYPES (2010)
20 GLOBAL SHALE GAS CONSUMPTION BY APPLICATIONS (2010)
21 POWER GENERATION BY SHALE GAS, BY GEOGRAPHY (2016)
22 INDUSTRIAL UTILIZATION OF SHALE GAS, BY GEOGRAPHY (2016)
23 RESIDENTIAL UTILIZATION OF SHALE GAS, BY GEOGRAPHY (2016)
24 COMMERCIAL UTILIZATION OF SHALE GAS, BY GEOGRAPHY (2016)
25 SHALE GAS UTILIZATION IN TRANSPORTATION, BY GEOGRAPHY (2016)
26 COMPETITIVE LANDSCAPE

Shale gas is an unconventional natural gas explored from shale rocks or deposits underneath earth through multistage hydraulic fracturing and horizontal drilling. The shale gas reserves are found across the globe in significant volumes of about 16,103 trillion cubic feet as per the shale gas report by IEA. North America being the only region active with commercial production of shale gas as of year 2010 is expected to remain the largest shale gas market in terms of production volumes by the year 2021 with a share of 78% due to technological expertise and availability of resources; followed by EMEA (13%), Asia Pacific (7%), and ROW (2%).

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 the U.S. (5%).

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.

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