What is Tight Gas Market?
Tight gas is defined as the natural gas which is produced from reservoir rocks with such low permeability. It has massive hydraulic fracturing in order to produce the well at economic rates. It has less than 0.1 millidarcy matrix permeability and less than 10% matrix porosity. The increasing price of oil, recent research, and development in tight gas, increase usage of tight gas in industrial, residential, commercial, power generation, transportation, among others gas are some of the major drivers which are propelling the growth of the market.
The market study is being classified by Type (Processed Tight Gas and Unprocessed Tight Gas), by Application (Residential, Commercial, Industrial Production, Power Generation and Others) and major geographies with country level break-up.
Exxon Mobil Corporation (United States), Royal Dutch Shell (Netherlands), Chevron Corporation (United States), China National Petroleum Corporation (China), Sinopec Group (China), Canadian Natural Resources Limited (Canada), YPF S.A. (Argentina) and Valeura Energy (Canada) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Tight Gas market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Tight Gas market by Type, Application and Region.
On the basis of geography, the market of Tight Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Government Initiative to Push the Production of Tight Gas
- Increasing Need for Non-Conventional Gas
Market Trend
- Technology Advancement in Tight Gas
Restraints
- High Cost Involved in Shift from Conventional to Unconventional Source of Energy
Opportunities
- Rising Demand from Emerging Economies such as India, China, and others
Challenges
- Lack of Awareness Regarding Tight Gas
In March 2018, the Exxon Mobil Corporation (United States) Company has planned to invest in low-cost-of-supply tight oil, liquefied natural gas, and deep water. It will help in strengthening the position of the company
Key Target Audience
Key Consulting Companies & Advisors, Large, Medium-Sized, and Small Enterprises, Venture Capitalists, Value-Added Resellers, Third-Party Knowledge Providers, Investment Bankers and Investors