Market Overview:
The global methane hydrate market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for methane gas from various end-use industries such as chemical, energy and others. In addition, the growing awareness about the benefits of using natural gas as an alternative fuel source is also propelling the growth of this market. The global methane hydrate market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into land mining and ocean mining. Land mining dominates this market owing to its low cost and easy availability as compared to ocean mining which is more expensive and difficult due to its location beneath water bodies. By application, it can be classified into chemical industry, energy sector and other applications such as agriculture etcetera . The energy sector accounts for a major share in terms of revenue in this market followed by chemical industry .
Product Definition:
Methane hydrate is a crystalline solid found in marine sediments and permafrost. It is a mixture of water and methane, where the methane molecules are chemically bound to the water molecules. Methane hydrate can be used as an energy source, but it is also important for climate change mitigation because it traps large amounts of carbon dioxide.
Land Mining:
Mining is the extraction of raw materials from the earth. Land mining includes surface and underground mining operations. Under land mining, operators are permitted to extract minerals and other raw materials such as coal, iron ore, titanium dioxide, lithium etc., from the earth's surface without any further exploration or payment to governments or owners of land on which mines are constructed.
The rapid growth in global energy demand has led to increasing focus on alternative sources including renewable energy resources such as wind.
Ocean Mining:
Ocean mining is a process where the minerals are extracted from the seabed and transported to the surface. The mineral that is being mined is usually in its solid form, which can be easily removed from the ocean bed using techniques like trawling or dredging. Ocean mining has been around for quite some time; however, it has undergone several technological advancements over time.
Application Insights:
The chemical industry accounted for the largest share of more than 50% in 2017. The chemical industry is anticipated to witness significant growth on account of increasing demand for chemicals across the globe. Increasing population, urbanization and industrialization are likely to propel the demand over the forecast period.
Methane hydrate has been attracting attention from various sectors including energy, mining and chemicals due to its potential as a sustainable source of energy. Various companies have been investing significantly in R&D activities regarding methane hydrate exploration as an alternative source of fossil fuel which can be utilized in existing coal plants or gas turbines without any modifications required on their part (other than upgrading them with additional safety equipment). Such initiatives by major players are expected to open new avenues for market growth over the coming years.
Other applications include food & beverage processing, methanol production.
Regional Analysis:
Asia Pacific accounted for the largest share of over 60% in 2017. The region is expected to witness significant growth on account of increasing exploration and production activities coupled with rising energy demand. In addition, growing industrialization across emerging economies such as China and India are anticipated to drive market growth over the forecast period.
The presence of large coal reserves in Australia has led to an increase in mining activities within the country, which has resulted in a rise in methane hydrate resources availability within the region. However, stringent environmental regulations implemented by various governments across countries may limit market development opportunities over next eight years due to slow down or halt operations at some mines until they comply with regulatory standards or resume operations after meeting them; however this factor will not affect overall industry trends as a whole but certain applications may be affected more than others owing to their specific needs & requirements regarding quality products that meet specifications etc.
Growth Factors:
- Increasing demand for natural gas from developing countries
- Rising awareness about the benefits of methane hydrate as a fuel source
- Technological advancements in methane hydrate extraction and production processes
- Growing investments in the methane hydrate industry by private and public sector players
- Stringent regulations on greenhouse gas emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Methane Hydrate Market Research Report
By Type
Land Mining, Ocean Mining
By Application
Chemical Industry, Energy, Other
By Companies
PetroChina, Jogmec, Equinor, Chevron, Anadarko, ConocoPhillips, BP, PetroChina
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Methane Hydrate Market Report Segments:
The global Methane Hydrate market is segmented on the basis of:
Types
Land Mining, Ocean Mining
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Energy, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PetroChina
- Jogmec
- Equinor
- Chevron
- Anadarko
- ConocoPhillips
- BP
- PetroChina
Highlights of The Methane Hydrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Land Mining
- Ocean Mining
- By Application:
- Chemical Industry
- Energy
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Methane Hydrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Methane hydrate is a natural gas-like compound that can be found in the Earth's interior. When water and methane are combined, they form methane hydrate. This frozen mixture can be found in deep cold pockets of the Earth's mantle and core.
Some of the major companies in the methane hydrate market are PetroChina, Jogmec, Equinor, Chevron, Anadarko, ConocoPhillips, BP, PetroChina.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Methane Hydrate Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Methane Hydrate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Methane Hydrate Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Methane Hydrate Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Methane Hydrate Market Size & Forecast, 2020-2028 4.5.1 Methane Hydrate Market Size and Y-o-Y Growth 4.5.2 Methane Hydrate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Land Mining
5.2.2 Ocean Mining
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Energy
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Methane Hydrate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Methane Hydrate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Land Mining
9.6.2 Ocean Mining
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Energy
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Land Mining
10.6.2 Ocean Mining
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Energy
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Land Mining
11.6.2 Ocean Mining
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Energy
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Land Mining
12.6.2 Ocean Mining
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Energy
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Land Mining
13.6.2 Ocean Mining
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Energy
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Methane Hydrate Market: Competitive Dashboard
14.2 Global Methane Hydrate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PetroChina
14.3.2 Jogmec
14.3.3 Equinor
14.3.4 Chevron
14.3.5 Anadarko
14.3.6 ConocoPhillips
14.3.7 BP
14.3.8 PetroChina