Unconventional Gas Market by Type (Shale Gas, Tight Gas, Coal Bed Methane), by Application (Power Generation, Industrial, Commercial, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Unconventional Gas market was valued at USD 61.7 USD Billion in 2023 and is projected to reach USD 109.92 USD Billion by 2032, with an expected CAGR of 8.6 % during the forecast period. Unconventional gas on the other hand is any type of gas obtainable from reservoirs that are not easy to tap into, unlike the normal gas reservoirs. These are shale, coal bed, and tight gas where shale gas is trapped in sedimentary rocks through hydraulic fracturing, coal bed exists in the coal seams, and tight ones in low permeable rocks. These gases are also unique in the fact that they are not easily retrievable, and require horizontal drilling and fracturing upfront to get to the resource they are derived from. There is no doubt concerning the fact that unconventional gas has great potential in contributing to the diversification of energy sources and therefore help to minimize reliance on oil and at the same time also enhance energy security. It is used in the production of electricity, in heating, and as a feedstock in the production of petrochemicals as a cleaner burning source than coal and oil.
Unconventional Gas Trends
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This market report provides comprehensive coverage of the unconventional gas market, including:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.6 % from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.6 % from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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