Unconventional Gas Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Unconventional Gas Market Analysis
The unconventional gas market is expected to register a CAGR of over 2% during the forecast period. According to the US geological survey, about 280 trillion cubic feet of gas and 20 billion barrels of natural gas liquid are trap in low permeability rock. The overall worldwide production of shale gas was about 535.915 bcm, in 2018. The United States produces more than 98% of these shale gas, and it helps the United States in reaching first place in the world ranking of gas producers due to the increasing production of unconventional gas. Shale gas in the United States now accounts for around 70% of the country's gas production and 11% surge in the United States gas production accounting for 45% of the global increase, pushed by the unconventional gas field.
- The increasing demand for natural gas in various industries supported a growing awareness that it emits less carbon content compared to coal; therefore, it could be used as a clean energy source for many countries that are presently dependent on coal. The significantly proved abundance of unconventional gas resources across the world and the competitive price of unconventional gas are vital factors, which is the possible opportunity for rising of the unconventional gas market.
- Global gas consumption is estimated to have grown by 3.7% year-over-year, in 2018, more than double the 1.5 average growth rate from 2010 to 2018, and this growth may extend furthermore in the coming future.
- The North American natural gas market holds the most significant production by volume, and it is expected to be the largest market in the global unconventional gas markets during the forecast period.
Unconventional Gas Market Trends
This section covers the major market trends shaping the Unconventional Gas Market according to our research experts:
Shale Gas to Dominate the Market
- Natural gas prices are down in some regions, and fluctuate repeatedly, and the unconventional gas prices could drop even farther.
- However, oil and gas production from conventional sources continues to decline because of an increase in the number of maturing fields. As the demand for natural gas is anticipated to rise in the future, the price of natural gas is also likely to rise, which, in turn, is expected to be instrumental in the investment decisions for exploration and production of unconventional gas.
- Unconventional sources of gas gained much attention of late, due to their significant contribution to gas production in the United States. Recently, Argentina, Australia, Poland, and China are either planned to explore and produce unconventional gas or are already in the business of unconventional gas.
- Countries, such as Saudi Arabia, Qatar, Kuwait, Iran, and Nigeria, are concerned about the rapid development of unconventional gas, primarily shale gas, because the economies of these countries depend upon the oil price.
North America to Dominate the Market
- In 2018, EIA estimate that only the US had produced 20.012 trillion cubic feet of natural gas from shale and Coal bed methane (CBM).
- The United States now wants to increase its exporting capacity by developing more advanced infrastructure in transportation and increase its share in the natural gas exporting market.
- Canada is known to have significant conventional gas reserves, and the country was a key supplier of natural gas to the United States for decades until the recent shale boom in the United States. However, with conventional natural gas sources in decline, the Canadian industry is turning to unconventional sources, including shale gas.
- Many oil and gas industries are now exploring and developing shale gas resources in Alberta, British Columbia, Quebec, and New Brunswick, which could balance the difference in shale gas production in the coming future.
Unconventional Gas Industry Overview
The unconventional gas market is fragmented due to many companies operating in the industry. The key players in this market include Royal Dutch Shell Plc, Exxon Mobil Corporation, Chevron Corporation, PetroChina Company Limited, ConocoPhillips, Arrow Energy, and Total SA.
Unconventional Gas Market Leaders
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Royal Dutch Shell plc
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ExxonMobil Corporation
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Chevron Corporation
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ConocoPhillips
*Disclaimer: Major Players sorted in no particular order
Unconventional Gas Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. EXECUTIVE SUMMARY
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3. RESEARCH METHODOLOGY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Unconventional Gas Production and Forecast, in billion cubic meter (BCM), until 2025
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4.3 Recent Trends and Developments
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4.4 Government Policies and Regulations
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4.5 Market Dynamics
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4.5.1 Drivers
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4.5.2 Restraints
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4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
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4.7.1 Bargaining Power of Suppliers
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4.7.2 Bargaining Power of Consumers
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4.7.3 Threat of New Entrants
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4.7.4 Threat of Substitutes Products and Services
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4.7.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Shale gas
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5.1.2 Tight gas
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5.1.3 Coal Bed Methane (CBM)
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5.1.4 Others (Gas Hydrate, Synthetic Natural Gas, Etc.)
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5.2 Geography
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5.2.1 North America
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5.2.2 Asia-Pacific
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5.2.3 Europe
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5.2.4 South America
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5.2.5 Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
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6.3.1 SINOPEC Corp.
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6.3.2 Royal Dutch Shell Plc.
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6.3.3 China National Petroleum Corp (CNPC)
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6.3.4 Arrow Energy limited
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6.3.5 BG Group Plc.
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6.3.6 Exxon Mobil corportaion
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6.3.7 Total SA
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6.3.8 Chevron Corporation
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6.3.9 ConocoPhillips
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6.3.10 Pioneer Natural Resources
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Unconventional Gas Industry Segmentation
The unconventional gas market report includes:
| Type | |
| Shale gas | |
| Tight gas | |
| Coal Bed Methane (CBM) | |
| Others (Gas Hydrate, Synthetic Natural Gas, Etc.) |
| Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| South America | |
| Middle-East and Africa |
Unconventional Gas Market Research FAQs
What is the current Unconventional Gas Market size?
The Unconventional Gas Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Unconventional Gas Market?
Royal Dutch Shell plc, ExxonMobil Corporation, Chevron Corporation and ConocoPhillips are the major companies operating in the Unconventional Gas Market.
Which is the fastest growing region in Unconventional Gas Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Unconventional Gas Market?
In 2024, the North America accounts for the largest market share in Unconventional Gas Market.
What years does this Unconventional Gas Market cover?
The report covers the Unconventional Gas Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Unconventional Gas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Unconventional Gas Industry Report
Statistics for the 2024 Unconventional Gas market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Unconventional Gas analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Unconventional Gas Report Snapshots
