United States oil shale market is expected to grow at a CAGR of 14% during the forecast period. Oil shale is an organic-rich rock, which contains a solid mixture of organic chemical compounds known as kerogen. From these organic compounds, liquid hydrocarbons, such as shale oil, are produced by heating the rocks through pyrolysis. Oil shale is mined and processed to produce oil, which has similar properties to conventional oil pumped from oil reservoirs, and thus, it is considered as a substitute for crude oil.

The growing demand for energy, depletion of non-renewable energy sources, fluctuating prices of fuel, cost benefit of using oil shale over conventional energy sources are some of the key factors driving the growth of United States oil shale market. Additionally, development of extraction techniques of kerogen from oil shale is further propelling growth in the market. Furthermore, the benefits such as reduction in energy dependence and oil prices associated with oil shales is anticipated to positively influence the market during forecast period.

The United States oil shale market is segmented based on type, product type, technology, application, region and company. Based on technology, the market can be bifurcated into ex-situ and in-situ. The in-situ segment is expected to dominate the market during forecast period on account of development in drilling technologies coupled with groundwater pollution. Based on application, the market can be categorized into electricity, chemicals, cement, fuel and others. The cement segment is expected to register the highest CAGR during forecast period attributable to the large production of spent shale during kerogen extraction. This spent shale is used as an ingredient in the cement industry to produce cement.

The major players operating in the oil shale market are American Shale Oil LLC, Enefit American Oil, Oil Shale Exploration Company LLC, Independent Energy Partners, Inc, ConocoPhillips Co., Exxon Mobil Corporation, Anadarko Petroleum Corporation, Occidental Petroleum Corporation, Marathon Oil Company, EOG Resources, Inc., and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of United States oil shale market.
  • To classify and forecast United States oil shale market based on type, product type, technology, application, and company and regional distribution.
  • To identify drivers and challenges for United States oil shale market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States oil shale market.
  • To conduct pricing analysis for United States oil shale market.
  • To identify and analyze the profile of leading players operating in United States oil shale market.

Click here to download the sample 

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of United States oil shale market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Oil shale manufacturers and suppliers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to oil shale

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United States oil shale market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type:
    • >10%
    • 7-10%
    • <7%
  • Market, By Product Type:
    • Oil
    • Gas
    • Coke
    • Others
  • Market, By Technology:
    • In-situ
    • Ex-situ
  • Market, By Application:

o   Electricity

o   Chemicals

o   Cement

o   Fuel

o   Others

  • Market, By Region:
    • North-East
    • Mid-West
    • West
    • South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States oil shale 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).
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    United States Oil Shale Market Outlook

5.1.  Market Size & Forecast

5.1.1. By Value

5.2.  Market Share & Forecast

5.2.1. By Type (>10%, 7-10%, <7%)

5.2.2. By Product Type (Oil, Gas, Coke, Others)

5.2.3. By Technology (Ex-situ, In-situ) 

5.2.4. By Application (Electricity, Chemicals, Cement, Fuel, Others)

5.2.5. By Company (2018)

5.2.6. By Region (North-East, Mid-West, West, South)

5.3.  Product Mapping

6.    North-East United States Oil Shale Market Outlook

6.1.  Market Size & Forecast          

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Product Type

6.2.2. By Technology

6.2.3. By Application

7.    Mid-West United States Oil Shale Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Product Type

7.2.2. By Technology

7.2.3. By Application

8.    West United States Oil Shale Market Outlook

8.1.  Market Size & Forecast          

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Technology

8.2.3. By Application

9.    South United States Oil Shale Market Outlook

9.1.  Market Size & Forecast          

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Technology

9.2.3. By Application

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Competitive Landscape

12.1.              Competition Outlook

12.2.              Company Profiles (10 Leading Companies)

12.2.1.    American Shale Oil LLC

12.2.2.    Enefit American Oil

12.2.3.    Oil Shale Exploration Company LLC

12.2.4.    Independent Energy Partners, Inc

12.2.5.    ConocoPhillips Co.

12.2.6.    Exxon Mobil Corporation

12.2.7.    Anadarko Petroleum Corporation

12.2.8.    Occidental Petroleum Corporation

12.2.9.    Marathon Oil Company

12.2.10.  EOG Resources, Inc.

13.  Strategic Recommendations

14.   About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com