What are the major factors rising the demand of Oil Shale Market in recent period?

Infinium Global Research added Latest Research Report titled “Oil Shale Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.

The main objective of this report is to define, describe, and forecast the global “Oil Shale” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

Flexible shale extraction methods to promote growth in the Oil Shale market

Rising demand for energy and depletion of non-renewable energy are the factors driving the growth of the oil shale market. In addition, development in the drilling techniques is increasing the quantity of recoverable oil reserves, which in turn is fuelling the growth of the market. However, high production cost of oil shale, low carbon content and environmental issues such as global warming and greenhouse gases are some of the factors restraining the growth off the oil shale market during the forecast period. Furthermore, research and development within the shale to reduce industrial pollution is anticipated to open up several growth opportunities for the key players in the oil shale market over the years to come.

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North America region to contribute to growth in the global Oil Shale Market

North America dominated the oil shale market due to the increasing new environmental reforms for the energy requirements in U.S.Moreover; Asia Pacific is also anticipated to witness a market growth over the upcoming years. Presently, China is leading the market in terms of producing shale oil from oil shale. China has a large sum of Fushun retorts that process oil shale to derive shale oil In addition; efficient working of shale oil producer’s and growing energy demand are the major drivers for the North American markets.

Japan oil refiners Idemitsu and Showa Shell to merge

In July 2018 -The tie-up between Idemitsu Kosan and Showa Shell Sekiyu was originally conceived and supported by the Ministry for Economy, Trade, and Industry (Meti), and the progress of talks had become, for some observers, a gauge of the government’s influence over the private sector.

Idemitsu, Japan’s No.2 oil refiner by sales, has long been keen to merge its operations with fourth-ranked Showa Shell in response to shrinking gasoline demand in the country. Along with the merger, Idemitsu said it would buy back up to 55 billion yen of its own shares through December to return profits to current shareholders before the merger. The merged firm will use Idemitsu Kosan Co as a company name but will conduct business under the trade name, Idemitsu Showa Shell.

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Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global oil shale market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of oil shale market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the oil shale market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the oil shale market to understand the present and future trends in this market and formulate their strategies accordingly.

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