The Tight Gas Market Size was valued at USD 12144.43 billion cubic feet in 2022 and is expected to reach USD 18080.02 billion cubic feet by 2030, and grow at a CAGR of 5.1% over the forecast period 2023-2030. Due to a shift in attention toward unconventional gases, the global tight gas market is likely to increase significantly throughout the forecast period. Tight gas is a form of natural gas produced from reservoir rocks with a low penetrability. Due to the low matrix permeability of less than 0.1 millidarcy, massive hydraulic fracturing is necessary to develop the tight gas well (mD). Tight gas is one of the cleanest burning fossil fuels since it contains little carbon and emits less sulphur, metal compounds, and carbon dioxide when burned. Tight gas refers to natural gas reservoirs encased in impermeable, hard rock, resulting in an exceedingly tight subsurface formation. Tight gas can also be trapped in atypically impermeable or nonporous sandstone or limestone formations.
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Strict policies to protect the environment.
Prolonged stages of government evaluation.
Increasing demand for energy.
The typical gas reserves are dwindling.
Increasing demand for end-use industries.
Increasing transportation facilities.
Following the emergence of COVID-19, the tight gas demand has dramatically decreased. Due to the lockdown, there has been a shortage in the number of labourers, significantly hampering gas output. Furthermore, the imposing a lockdown has a direct impact on transportation services all over the world. Due to the scarcity of tight gas, power generation has become a big challenge. This has resulted in an upsurge in power outages in rural areas. Furthermore, the tight gas industry is experiencing daily losses as output declines. Furthermore, the implementation of lockdown has had an impact on the global import and export of tight gas.
Processed Tight Gas
Unprocessed Tight Gas
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In 2021, the North American area had the biggest market share of 80.5%, and this is expected to continue in the future years. The United States is the main source of revenue for the tight gas market. The primary elements driving in the various countries include advanced drilling methods and existing various tight gas reserves across the Permian Basin, Niobrara, and elsewhere.
China is predicted to gain a significant market share during the forecasted period, as well as increase domestic natural gas production and meet the growing global demand for energy security. The majority of China's tight gas plants are found in the country's hilly regions. Such a geographical region raises drilling costs, limiting market expansion to a certain extent.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Royal Dutch Shell, Sinopec, Marathon Oil, Pioneer Natural Resources, EOG Resources, British petroleum, Exxon Mobil and Chesapeake Energy Total SA, PetroChina, Anadarko Petroleum Co., Devon Energy, and other players.
|Market Size in 2023
|US$ 12144.43 Billion
|Market Size by 2030
|US$ 18080.02 Billion
|CAGR of 5.1% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By Type (Processed Tight Gas, Unprocessed Tight Gas)
• By Application (Residential, Commercial, Industrial, Power Generation, Transportation, Others)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Royal Dutch Shell, Sinopec, Marathon Oil, Pioneer Natural Resources, EOG Resources, British petroleum, Exxon Mobil and Chesapeake Energy Total SA, PetroChina and Anadarko Petroleum Co., Devon Energy, and other players.
|• Increasing demand for energy.
• The typical gas reserves are dwindling
|• Strict policies to protect the environment.
• Prolonged stages of government evaluation.
• Licence issuance.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The North American area had the biggest market share of 80.5 percent, and this is expected to continue in the future years.
Ans: Following the emergence of COVID-19, the tight gas demand has dramatically decreased. Due to the lockdown, there has been a shortage in the number of labourers, significantly hampering gas output. Furthermore, imposing lockdown has a direct impact on transportation services all over the world. Due to the scarcity of tight gas, power generation has become a big challenge. This has resulted in an upsurge in power outages in rural areas. Furthermore, the tight gas industry is experiencing daily losses as output declines. Furthermore, the implementation of lockdown has had an impact on the global import and export of tight gas.
Ans: Strict policies to protect the environment, Prolonged stages of government evaluation and Licence issuance are the restraints for Tight Gas Market.
Ans: Global Tight Gas Market Size was valued at USD 11555.12 billion cubic foot in 2021, and expected to reach USD 16477.24 billion cubic foot by 2028, and grow at a CAGR of 5.1% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Tight Gas Market Segment, By Type
8.1 Processed Tight Gas
8.2 Unprocessed Tight Gas
9. Global Tight Gas Market Segment, By Application
9.4 Power Generation
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1 British petroleum
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Royal Dutch Shell
11.3 Exxon Mobil and Chesapeake Energy Total SA
11.5 PetroChina and Anadarko Petroleum Co.
11.6 Marathon Oil
11.7 Pioneer Natural Resources
11.8 Devon Energy
11.9 EOG Resources
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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