Global Shale Gas Market Expected Reach 17,201.6 Bcf by 2021 Growing at Cagr of 7.9% from 2015-21

Global shale gas market expected reach 17,201.6 Bcf by 2021 growing at CAGR of 7.9% from 2015-21

Summary:

Shale gas is a type of natural gas explored from shale rocks or deposits underneath earth through various techniques. Globally, it has become an increasingly important source of natural gas.

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Florida, April 05: Market Research Engine has published a new report titled as “Global Shale Gas Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021”.

Global Industry Analysis of Shale Gas Market Size, Share, Growth and Forecast 2015-2021. Shale Gas Industry is expected to Reach 17,201.6 Bcf Globally by 2021, growing at a CAGR of 7.9% from 2015 to 2021.

Shale gas is a type of natural gas explored from shale rocks or deposits underneath earth through various techniques. Globally, it has become an increasingly important source of natural gas. These projects are capital intensive that obstructs its development, but abundant resources and declining prices are boosting the growth of this natural gas.

Browse full report here http://www.marketresearchengine.com/reportdetails/global-shale-gas-market-research-report

Discovery of new shale gas basins in China, Australia, etc. have created great opportunity for this market’s growth. In addition, it is expected to increase the ethylene production in the next few years. Shale gas is extracted through techniques like horizontal drilling and hydraulic fracturing. It involves applications such as power generations, transportation and various other applications.

United State is the largest market for this natural gas followed by Canada and China. Eventually, North America is the leading region for shale gas market and will continue to grow over the forecast period. This region was the only active producer of shale gas till 2010. Europe and Middle East & Africa are the second fastest growing market, followed by Asia Pacific and Latin America region.

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