Global Tight Gas Market 2018-2022
About this market
Technological advances in hydraulic fracturing is expected to drive growth in the market. The unconventional gas boom can be attributed to the technological and innovation breakthroughs related to E&P in the oil and gas industry. Technavio’s analysts have predicted that the tight gas market will register a CAGR of almost 5% by 2022.
Advantages associated with tight gas
Tight gas is one of the cleanest burning fossil fuels, as it has low carbon content and burns with lower sulfur emissions, metal compounds, and carbon dioxide.
Concerns associated with fracturing
The emergence of tight gas as an unconventional source of energy has changed the landscape of energy security in several countries. many tight gas reserves face fresh water stress level as a barrier. The process of fracking is water intensive; hence, the availability of freshwater is essential for extraction of tight gas. This affects the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the tight gas market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Canadian Natural and Chevron the competitive environment is quite intense. Factors such as the advantages associated with tight gas and the technological advances in hydraulic fracturing, will provide considerable growth opportunities to tight gas manufactures. Canadian Natural, Chevron, Exxon Mobil, Royal Dutch Shell, and YPF are some of the major companies covered in this report.