Allied Market Research

2024

Unconventional Gas Market

Unconventional Gas Market Size, Share, Competitive Landscape and Trend Analysis Report by Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

EP : Non Renewable/Conventional

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Author's: | Eswara Prasad
Publish Date:

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Unconventional gas is a natural gas obtained from specific locations that are considered to be new and different. The sources of unconventional gas might include coalbed methane, shale gas, and methane clathrate. These gasses are majorly extracted using the hydraulic fracturing technique. In this process, a mixture of chemicals, sand, and water is injected into the gas reservoirs at extremely high pressure to fracture rocks and release the gas.

Market scope and structure analysis :

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

 Value (USD)

  Segments covered

  Type and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA)

  Companies covered

Schlumberger Limited, Royal Dutch Shell plc., Chevron Corporation, ExxonMobil Corporation, Total S.A., Halliburton Inc., Weatherford International Plc., National Oilwell Varco, BP Plc., Emerson Automation Solutions, and TechnipFMC Plc.

 

COVID-19 scenario analysis:

  • The global market for unconventional gas is severely impacted by the outbreak of the COVID-19 pandemic.
  • The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper market growth.
  • However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends , drivers, and impact analysis

With the rapid growth in industrialization across the globe, there is a rise in demand for fuels as energy sources in the market. In the recent past, there is a significant increase in the usage of natural gas in transportation and domestic including both residential and commercial sectors. Moreover, the growing concerns about the environment regarding the per capita carbon emission has also led to the increase in demand for natural gas in the market. In addition to, the abundance of unconventional gas in different parts of the world especially in the North America region has also played a major role in the increasing global consumption. Several major oil and gas companies are investing on the research and developments for exploring different sources of unconventional gas around the world. However, the adverse health effects such as respiratory problems and effects on brain and nervous system caused during the extraction of unconventional gas might act as a factor for the market. 

The North America region holds a significant fraction of the global unconventional gas market. This is because of the high reserves of unconventional gas in places like Canada. The Middle Eastern countries including Saudi Arabia, Qatar, Iran and others Are investing for rapid development of conventional gas market.

Key segments covered:

Segments

Subsegments

  Type

  • Coalbed methane
  • Methane clathrate (gas hydrate)
  • Shale gas
  • Tight gas
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global unconventional gas industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global unconventional gas market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global unconventional gas market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global unconventional gas market analysis depending on competitive intensity and how the competition will take shape in coming years.

Unconventional Gas Market Report Highlights

Aspects Details
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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By Type
  • Coalbed methane
  • Methane clathrate (gas hydrate)
  • Shale gas
  • Tight gas
  • Others
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Key Market Players

National Oilwell Varco, BP Plc., Schlumberger Limited, Weatherford International Plc., Halliburton Inc, ExxonMobil Corporation, Chevron Corporation, Total S.A., TechnipFMC Plc., Emerson Automation Solutions, Royal Dutch Shell plc.

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Unconventional Gas Market

Global Opportunity Analysis and Industry Forecast, 2023-2032