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MarketsandMarkets: Global Coal Bed Methane (CBM) production to reach 5,150 BCF in 2021; North America and Asia Pacific to remain the largest CBM supply regions
The report “Coal Bed Methane (CBM) Market by Technology, Geography, Application, Regulation, Market Trends & Global Forecasts (2011 – 2021)” defines and segments the global CBM market with analysis and forecasts of CBM production and consumption volumes, production costs, and selling prices. It also identifies driving and restraining factors for the market with analysis of trends, opportunities, and challenges. The market is segmented and forecasted on the basis of major geographies such as North America, Europe, Middle East and Africa, Asia-Pacific, and Rest of the World (ROW). The market is further segmented on the basis of applications, countries, and technology.
Browse more than 103 market data tables/figures spread across 213 pages and an in-depth TOC on “Coal Bed Methane (CBM) Market by Technology, Geography, Application, Regulation, Market Trends & Global Forecasts (2011 – 2021)”.
Early buyers will receive 10% customization on reports.
Coal bed methane (CBM), shale gas, and tight gas are types of unconventional natural gas. As methane is the largest constituent of CBM, it can be used in the same residential, commercial, and industrial applications as conventional natural gas. The factors leading to increased interest in the CBM market include possible greenhouse gas mitigation, increased safety and productivity in coal mining operations, and the possibility of greenhouse gas capture and storage, and, not to forget, earning carbon credits. However, the market’s potential is somewhat hindered by long dewatering periods and environmental effects. In spite of this, the CBM market provides opportunities to ethylene and natural gas liquids (NGL) producers.
Driven partially by the 3.5% growth in the CBM market between 2011 and 2021, demand for proppant on the global level is also expected to increase. This could put further pressure on proppant supply, which is already in shortage globally.
Global Coal bed methane (CBM) production is expected to grow from 3,654 billion cubic feet in 2011 to 5,150 billion cubic feet in 2021 at a CAGR of 3.5% for the same period. CBM output from Rest of the World (ROW) is expected to get generated by 2021. On the basis of ongoing activities, the production growth rate would be pushed up to 5.8% and output from 3,881 billion cubic feet to 5,150 billion cubic feet during 2016-2021. The markets expected to register high growth rates for the forecasted period are Russia (34.6%), China (14.7%), Indonesia (14.9%), and Canada (11.1%). The mature market of North America is expected to remain more or less stagnant while Australia is expected to grow at rate of 7%. In 2021, the U.S. and Australia are expected to hold a combined 74% market share in global CBM production and a 75% share in global CBM consumption.
In 2010, most of the coal bed methane (CBM) production (39%) was used by the industrial sector. Falling in the second place was the power generation sector with a share of 31%. The remaining three sectors; residential, commercial and transportation, utilized 17%, 10% and 3% respectively. The report also includes the breakdown for reserves, production, and consumption of the unconventional gas market into shale gas, CBM, and tight gas. It also provides the value of the three sub-markets for each year through 2021.
MarketsandMarkets recently released a detailed report on the global shale gas market.
This research report categorizes the global coal bed methane (CBM) market on the basis of geography, application, and technology. It analyzes trends in each of the following submarkets:
On the basis of geography:
North America (U.S., Canada), Europe (Russia, Poland, South Africa, UK), Asia-Pacific (Indonesia, India, China, and Australia) and ROW (Colombia)
On the basis of application:
Residential, commercial, industrial (natural gas liquids and ethylene), power generation, transportation
On the basis of technology:
Horizontal drilling and hydraulic fracturing, proppants
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