Oil shale, also known as kerogen shale, is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons called shale oil (not to be confused with tight oil—crude oil occurring naturally in shales) can be produced. Shale oil is a substitute for conventional crude oil; however, extracting shale oil from oil shale is more costly than the production of conventional crude oil both financially and in terms of its environmental impact. Deposits of oil shale occur around the world, including major deposits in the United States. Estimates of global deposits range from 4.8 to 5 trillion barrels (760×109 to 790×109 m3) of oil in place.
This report contains market size and forecasts of Oil Shale in global, including the following market information:
Global Oil Shale Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Oil Shale Market Sales, 2017-2022, 2023-2028, (M m3)
Global top five Oil Shale companies in 2021 (%)
The global Oil Shale market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Below 6% Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Oil Shale include Anadarko, Occidental Petroleum, Chesapeake Energy, ExxonMobil, Marathon Oil, Chevron Corporation, EOG Resources, Pioneer Natural Resources and SM Energy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Oil Shale manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Oil Shale Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (M m3)
Global Oil Shale Market Segment Percentages, by Type, 2021 (%)
Below 6%
6%-10%
Over 10%
Global Oil Shale Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M m3)
Global Oil Shale Market Segment Percentages, by Application, 2021 (%)
Electricity
Shale Oil
Other
Global Oil Shale Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M m3)
Global Oil Shale Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Oil Shale revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Oil Shale revenues share in global market, 2021 (%)
Key companies Oil Shale sales in global market, 2017-2022 (Estimated), (M m3)
Key companies Oil Shale sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Anadarko
Occidental Petroleum
Chesapeake Energy
ExxonMobil
Marathon Oil
Chevron Corporation
EOG Resources
Pioneer Natural Resources
SM Energy
ConocoPhillips
Cabot Oil & Gas