Gas Hydrates Market Share, Revenue Analysis 2021-2027 | Major Key Players, Upcoming Market Growth Overview, Leading
Overview:
Gas hydrates, also referred to as methane hydrates,
are cage-structured lattices of water molecules which contains methane as the
primary constituent. They are crystalline, naturally occurring, ice-like
substances which occur beneath the sea bed and continental margins. They are a
rich source of natural gas; and is produced at high pressure and low
temperature at a depth of few hundred meters below sea level.
Based on type, the global gas hydrates market has
been segmented into onshore gas hydrates and offshore/ marine gas hydrates. The
onshore gas hydrates segment account for the largest market share in 2017 owing
to large reserves of gas hydrates in cold surfaces, less time consumption, and
developed technologies. The offshore gas hydrates segment is expected to
register the highest CAGR during the forecast period owing to high
profitability and high methane content.
By origin, the global Gas Hydrates Market has
been categorized into seabed, permafrost, and others. The permafrost segment is
expected to dominate the global market during the review period owing to
relatively easy drilling operations and less technical complexities. The seabed
segment is likely to be the fastest-growing market in the coming years owing to
large reserves and growing R&D facilities for gas hydrates extraction.
On the basis of method of extraction, the global gas
hydrates market has been segmented into water circulation, depressurization,
carbon dioxide injection, and inhibitor injection process. The depressurization
method held the largest market share in 2017 owing to relatively low cost and
efficient extraction of methane from gas hydrates. Moreover, the combined
method of water circulation and depressurization method is proven to be more
effective. The carbon dioxide injection segment is anticipated to register for
the highest CAGR during the review period owing to the mechanical stability,
easy heat transfer, and eco-friendly nature.
By application, the global gas hydrates market has
been classified into transportation fuel, commercial, industrial, and others.
The transportation fuel segment is expected to account for the largest market
share and grows at a high CAGR during the review period due to growing demand
for greener fuel (methane), and depleting fossil fuels.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
2.4 Key Takeaways
3 Market Insights
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Gas Hydrates Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis Of Global Gas Hydrates
Market
5.1 Supply Chain Analysis
5.1.1 Raw Type Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Buyers
5.2.3 Bargaining Power Of Suppliers
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Competitive Rivalry
5.3 Pricing Analysis
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Regional Analysis
The global gas hydrates market has been analyzed
across five key regions, namely, Asia-Pacific, North America, Latin America,
Europe, and the Middle East & Africa.
The Asia-Pacific market dominated the global market
and is likely to register the highest CAGR in the coming years owing to growing
government spending, rising demand from transportation industry, and growing
R&D facilities. Japan is projected to account for the largest market share
as it imports almost all its oil and gas fuels, large reserves of gas hydrates,
and is equipped with advanced technical expertise with extraction. China,
India, Malaysia, Taiwan, and South Korea are other regional contributors.
Market Segmentation
The global gas hydrates market has been segmented on
the basis of type, origin, method of extraction, application, and region.
By type, the global gas hydrates market has been
bifurcated into onshore gas hydrates and offshore/ marine gas hydrates.
On the basis of origin, the global gas hydrates
market has been categorized into seabed, permafrost, and others.
By method of extraction, the global gas hydrates
market has been divided into water circulation, depressurization, carbon
dioxide injection, and inhibitor injection process.
Based on application, the global gas hydrates market
has been classified into transportation fuel, commercial, industrial, and
others.
The global gas hydrates market has been studied
across five major regions, namely– Asia-Pacific, North America, Europe, Latin
America, and the Middle East & Africa.
Competitive Analysis
Japan Drilling Co., Ltd (Japan), Japan Petroleum
Exploration Co., Ltd. (Japan), Chevron Corporation (US), Schlumberger Limited
(US), ConocoPhillips Company (US); Japan Oil, Gas and Metals National
Corporation (Japan), and China Petrochemical Corporation (China), Oil and
Natural Gas Corporation Ltd. (India), PetroChina Company Limited (China), Royal
Dutch Shell plc (The Netherlands), Total (France), and Fugro (The Netherlands)
are some of the players operating in the global gas hydrates market.
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