The global tar sands market is anticipated to witness a steady CAGR in the forecast period, 2023-2027. Growing energy requirements, especially from developing countries such as India, China, South Africa, and Brazil, due to rapid industrialization and the advent of novel technologies that can refine the heaviest and dirtiest of crude oil are the primary factors driving the demand for global tar sands market. The rise in the number of aged wells and decreasing production from the existing oilfields are making the market players look for alternate sources to produce energy. Favorable government policies and regulations and the growing number of market players are further expected to bolster the global tar sands market growth in the coming years.

Rise in Production and Exploration of Unconventional Reserves Drives the Market Growth

Oil & gas are the major sources and are extensively used to manufacture goods, power generation, transportation, and other end-use industries. Growing energy requirements, urbanization, globalization, and industrialization in the developing countries boost the investments in the production and exploration of oil and gas reserves. Offshore hydrocarbons are some of the potential reserves that can fulfill the global energy requirements. With the decline in oil reserves, major oil and gas companies have shifted their efforts and focused on inventing new tools and techniques to extract tar sands from the reserves. They are using modern techniques to extract tar sands as they are difficult to extract and require significant amounts of energy in extraction and processing. The fluctuating oil prices do not affect the global tar sands market. They are continuing to increase in the forecast period due to the active and upcoming projects that were sanctioned a long time ago. The advent of new techniques and technologies in oil extraction and processing and the shift of market players towards unconventional reserves are expected to boost the global tar sands market growth in the forecast period.

Growing Energy Demand Favors the High Market Demand

According to the US Energy Information Administration, the global energy demand and the energy-related carbon emissions will continue to rise through 2050, with oil being the largest energy source. The global energy demand is expected to increase by 47% in the next 30 years, driven by economic and population growth, particularly in the developing countries of the Asia-pacific region. The rapid urbanization in the developing countries in search of better living standards and job opportunities is increasing the burden on existing oil resources. Governments in these developing countries are introducing laws and regulations to support the growth of the prominent industry verticals such as healthcare, automotive, oil and gas, power and manufacturing, and construction industry in their respective countries. The existing oil and gas reserves are depleting at a rapid rate which is making the market players extract from unconventional energy sources. Tar sand extraction is such a complex process that requires huge amounts of finance and energy to produce oil. They are not present everywhere and are available only in some the countries like Canada. The rise in awareness about the oil extraction process from tar sands and the emergence of new market players are expected to propel the global tar sands market growth over the next five years.


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Market Segmentation

The global tar sands market is segmented into component, extraction method, technology, regional distribution, and competitive landscape. Based on component, the market is divided into clay, sand, water, and bitumen. Based on extraction method, the market is bifurcated into mining and in-situ. Based on technology, the market is divided into cyclic steam stimulation and steam assisted gravity drainage. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, South American region, Middle East & African region, and rest of world.

Market Players

Suncor Energy, Inc., Royal Dutch Shell plc, Exxon Mobil Corporation, Petróleos de Venezuela, S.A. (PDVSA),  Eni S.p.A.,  Canadian Oil Sands Limited, Alberta Oil Sands Inc.  are among the major market players in the global platform that lead the market growth of the global tar sands market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Extraction Method

·         Technology

Regional scope

North America; South America; Middle East & Africa; Rest of World

Country scope

United States; Canada; Brazil; Argentina; Venezuela; South Africa; UAE; Saudi Arabia; Iraq; Democratic republic of Congo; Rest of World

Key companies profiled

Suncor Energy, Inc., Royal Dutch Shell plc, Exxon Mobil Corporation, Petróleos de Venezuela, S.A. (PDVSA),  Eni S.p.A.,  Canadian Oil Sands Limited, Alberta Oil Sands Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, global tar sands market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Tar Sands Market, By Extraction Method:
    • Mining
    • In-Situ
  • Tar Sands Market, By Technology:
    • Cyclic Steam Stimulation
    • Steam Assisted Gravity Drainage
  • Tar Sands Market, By Region:
    • North America
      • United States
      • Canada
    • South America
      • Brazil
      • Argentina
      • Venezuela
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Iraq

§  Democratic republic of Congo

o   Rest of World

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global tar sands market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Tar Sands Market

4.    Executive Summary

5.    Voice of Customer

5.1.1.     Brand Awareness

5.1.2.     Factors Considered while Selecting a Supplier

5.1.3.     Customer Satisfaction Level

5.1.4.     Major Challenges Faced

6.    Global Tar Sands Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Extraction Method (Mining, In-Situ)

6.2.2.     By Technology (Cyclic Steam Stimulation, Steam Assisted Gravity Drainage)

6.2.3.     By Region

6.2.4.     By Company

6.3.  Product Market Map

7.    North America Tar Sands Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Extraction Method

7.2.2.     By Technology

7.2.3.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Tar Sands Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value 

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Extraction Method

7.3.1.2.2.             By Technology

7.3.2.     Canada Tar Sands Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value 

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Extraction Method

7.3.2.2.2.             By Technology

8.    South America Tar Sands Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Extraction Method

8.2.2.     By Technology

8.2.3.     By Country

8.3.  South America: Country Analysis

8.3.1.     Brazil Tar Sands Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value 

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Extraction Method

8.3.1.2.2.             By Technology

8.3.2.     Argentina Tar Sands Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value 

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Extraction Method

8.3.2.2.2.             By Technology

8.3.3.     Venezuela Tar Sands Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value 

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Extraction Method

8.3.3.2.2.             By Technology

9.    Middle East & Africa Tar Sands Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Extraction Method

9.2.2.     By Technology

9.2.3.     By Country

9.3.  Middle East & Africa: Country Analysis

9.3.1.     Saudi Arabia Tar Sands Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value 

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Extraction Method

9.3.1.2.2.             By Technology

9.3.2.     South Africa Tar Sands Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value 

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Extraction Method

9.3.2.2.2.             By Technology

9.3.3.     UAE Tar Sands Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value 

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Extraction Method

9.3.3.2.2.             By Technology

9.3.4.     Iraq Tar Sands Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value 

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Extraction Method

9.3.4.2.2.             By Technology

9.3.5.     Democratic republic of Congo Tar Sands Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value 

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Extraction Method

9.3.5.2.2.             By Technology

10.  Rest of the World Tar Sands Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Extraction Method

10.2.2.  By Technology

10.2.3.  By Country

11.  Market Dynamics

11.1.  Drivers

11.2.  Challenges

12.  Market Trends & Developments

13.  Company Profiles

13.1.  Suncor Energy, Inc.

13.2.  Royal Dutch Shell plc

13.3.  Exxon Mobil Corporation

13.4.  Petróleos de Venezuela, S.A. (PDVSA)

13.5.  Eni S.p.A.

13.6.  Canadian Oil Sands Limited

13.7.  Alberta Oil Sands Inc.

14.  Strategic Recommendations

15.  About Us & Disclaimer

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