Global Oil Shale Market
Global Oil Shale Market was valued US$ 1.50 Bn in 2017 and is expected to reach US$ 6.00 Bn by 2026, at a CAGR of 18.92 % during a forecast period.
Oil shale is an organic-rich rock, which holds a solid mixture of organic chemical compounds known as kerogen. Oil shale is a best substitute for conventional crude oil and offers low cost of extraction.
The report analyses factors like drivers, restrains and challenges, which affecting market from demand and supply side and further evaluates market dynamics during the forecast period.
Increasing demand for energy and reduction of non-renewable energy are the factors driving the growth of the oil shale market. Development in the drilling techniques is growing the quantity of recoverable oil reserves, which resulting the growth of the market. Furthermore, high production cost of oil shale, low carbon content are some of the factors restraining the growth off the oil shale market.
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