Title: Global Shale Gas Market to reach 6.9 tcf by 2021 and With 78% Market Share North America Continues to dominate the Shale Gas Market
1MarketsandMarkets Presents
Global Shale Gas Market to reach 6.9 tcf by 2021
and With 78 Market Share North America Continues
to dominate the Shale Gas Market
http//www.marketsandmarkets.com/Market-Reports/sh
ale-gas-364.html
2According to the new market research report
Global Shale Gas Market by Technology,
Geography, Applications, Regulations, Ethylene
production, Market Trends Forecasts (2011-
2021) published by MarketsandMarkets, 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 a CAGR of 5.4 for the same
period. 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 current exploration and
production activities by major oil and gas
companies in Europe and Asia Pacific indicate the
commercialization of shale gas by 2016 in these
regions. The markets representing high growth
rate in shale gas production from 2016 to 2021
are China (6.2), Poland (6), France (5.4),
South Africa (5.1), and U.S. (5).
- Browse
- 79 Market data tables.
- 26 figures spread through 256 pages.
- In-depth TOC on on Global Shale Gas Market .
- Market Trends Forecasts to 2011-2021.
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ale-gas-364.html
3- 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. - 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 increasing shale gas production is likely to
boost ethylene production by 6.6 by the year
2021. The another challenge of reducing
fracturing water requirement from average well
consumption of 3.15 million gallons/well can be
overcome by water recycling and increasing well
productivity. According to research, if well
productivity is over 9 BCF/well, water
requirement can be reduced by 35 than that
required with average well productivity of 5.4
BCF/well.
http//www.marketsandmarkets.com/Market-Reports/sh
ale-gas-364.html
4About Marketsandmarkets MarketsandMarkets is a
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based in the U.S. We publish strategically
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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
Get in touch with us at 1-888-600-6441 or send
email to sales_at_marketsandmarkets.com with your
contact details and questions if any query.
5About Marketsandmarkets MarketsandMarkets 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. They cover 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
Get in touch with us at 1-888-600-6441 or send
email to sales_at_marketsandmarkets.com with your
contact details and questions if any query.