Tight Gas Market

Introduction of the Tight Gas Market Report

Tight gas is natural gas produced from reservoir rocks with such low permeability that massive hydraulic fracturing is necessary to produce the well at economic rates. Production and permeability guidelines are relative to technology, well cost, frac cost and current gas price.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the market include increasing demand, increasing demand for million number of barrels per day, leading to the boost in the market. For instance, according to U.S. Energy Information Administration, from 2016 Q1 to 2017 Q1 the demand of the barrels has increased form 1 million barrels in 2016 top more than 2 million barrels in 2017, and the same trend is expected to run forward which will change the landscape of the market and will meet the global demand for the gas for all the sectors. Furthermore, the advent of low-priced gas supplies from alternative sources will change over the chauffeurs of natural gas in two ways – first, demand with both the industrial and electric power sector is expected to increase. Second, natural gas supplies may open an entirely new export sector for North American natural gas, leading to the overall growth of the market. In addition, America has more than 48 production houses and players which has helped in the paced acceleration of the market.

Government funds, favouring policies, and grants on the subject of gas production have driven the gas market in the U.S. Furthermore, advancement of technically sophisticated techniques in the U.S. is expected to surge up the tight gas production over the forecast period.

Restraint in the Tight Gas Market

However, the low permeability of these reservoirs slows down their response to all pressure is a factor that has hampered the growth of the market.

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Application – Segment Analysis

Based on the application, industrial is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to the rapid growth in the different industries like chemicals and fertilizers, pharmaceuticals among others. For instance, it is used as feedstock for the manufacturing of fertilizers, chemicals, and other commodities. This trend has generated several opportunities for gas-rich countries to use this resource to expand their industrial output over the coming years.

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Regional – Segment Analysis:

Based on the regional coverage, North America is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to deployment of advanced drilling machineries, along with the existence of several gas reserves across the Permian Basin, Anadarko, Niobrara, and Bakken field, which is a factor that is driving the market across the region. In addition, due to the presence of the key players such as Chevron Corporation, ConocoPhillip, Exxon Mobil Corporation has helped in market development.

Top Market Players

Various notable players operating in the market, include, Chevron Corporation, Royal Dutch Shell PLC, ConocoPhillips, Exxon Mobil Corporation, PetroChina Company Limited, Equinor ASA., Repsol SA, Southwestern Energy Company, Sinopec Oilfield Service Corporation, Southwestern Energy Company, among others. 

Key Developments:

• • In 2019, Occidental Petroleum Corporation officially announced the acquisition of Andarko Petroleum Corporation, which will result in the expansion of the capabilities for both of the players.

Segments covered in the Report:

The global tight gas market has been segmented on the basis of application, end-user, and regions. Based on application, the market is segmented into residential, commercial, industrial, power generation, and transportation. Based on end-user, the market is segmented into power and others. 

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Key questions answered in this research report:

• • At what pace is global tight gas market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in tight gas market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global tight gas market?
  • Which application generated maximum revenues in 2020 and identify the most promising application during the forecast period?
  • What are the various end-user areas of global tight gas market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Application, By End-User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Chevron Corporation, Royal Dutch Shell PLC, ConocoPhillips, Exxon Mobil Corporation, PetroChina Company Limited, Equinor ASA., Repsol SA, Southwestern Energy Company, Sinopec Oilfield Service Corporation, Southwestern Energy Company, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Tight Gas Market by Application

• • Residential
  • Commercial
  • Industrial
  • Power Generation
  • Transportation

Global Tight Gas Market by End-User

• • Power
  • Others

Global Tight Gas Market by Region

• • North America Tight Gas Market (Option 1: As a part of the free 25% customization)
    • North America Tight Gas Market by Application
    • North America Tight Gas Market by End-User
    • US Tight Gas Market All-Up
    • Canada Tight Gas Market All-Up
  • Europe Tight Gas Market (Option 2: As a part of the free 25% customization)
    • Europe Tight Gas Market by Application
    • Europe Tight Gas Market by End-User
    • UK Tight Gas Market All-Up
    • Germany Tight Gas Market All-Up
    • France Tight Gas Market All-Up
    • Spain Tight Gas Market All-Up
    • Rest of Europe Tight Gas Market All-Up
  • Asia-Pacific Tight Gas Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Tight Gas Market by Application
    • Asia-Pacific Tight Gas Market by End-User
    • China Tight Gas Market All-Up
    • India Tight Gas Market All-Up
    • Japan Tight Gas Market All-Up
    • Rest of APAC Tight Gas Market All-Up
  • RoW Tight Gas Market (Option 4: As a part of the free 25% customization)
    • RoW Tight Gas Market by Application
    • RoW Tight Gas Market by End-User
    • Brazil Tight Gas Market All-Up
    • South Africa Tight Gas Market All-Up
    • Saudi Arabia Tight Gas Market All-Up
    • UAE Tight Gas Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Tight Gas Market All-Up

Major Players Operating in the Tight Gas (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Chevron Corporation
  • Royal Dutch Shell PLC
  • ConocoPhillips
  • Exxon Mobil Corporation
  • PetroChina Company Limited
  • Equinor ASA.
  • Repsol SA
  • Southwestern Energy Company
  • Sinopec Oilfield Service Corporation
  • Southwestern Energy Company