Market Overview:
The global oil sands market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for heavy oil and asphalt from the transportation and construction industries. Additionally, the growing demand for oil sands from emerging economies such as China and India is also contributing to the growth of this market. The global oil sands market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into two segments: oil sands exploitation and oil sands isolation. The exploitation segment is further classified into mining and in-situ production methods while the isolation segment includes upgrading and refining methods. On the basis of application, it can be divided into three segments: heavy oil refining, asphalt refining, and others (such as fuel blending). Regionally speaking, North America dominates this market followed by Europe Asia Pacific , Latin America ,and Middle East & Africa .
Product Definition:
Oil sands are a type of unconventional petroleum deposit. Bitumen, the main component of oil sands, is a heavy and viscous hydrocarbon that is not typically found in conventional oil reservoirs.
Oil Sands Exploitation:
Oil sands exploitation is the process of extracting oil from oil sands. Oil sand refers to a mixture of sand and petroleum that are extracted from the ground. The extraction process involves several operations such as mining, washing, conversion into lube oil and gas, pipeline transportation etc. The major portion of crude oil produced around 40% goes into making motor vehicle fuel while another 20% or so is used for various industrial applications like plastics manufacturing etc.
Oil Sands Isolation:
Oil sands are the waste products that remain after oil is extracted from the ground. The extraction process involves two processes, namely Oil Sand Extraction (OSX) and After Oil Sand (AOS). OSX process extracts crude oil from the sand using a variety of techniques such as vacuum distillation, thermal cracking, and fluidized bed combustion.
Application Insights:
The others segment includes fuel additives and other niche applications. The global demand for asphalt refining was estimated at around 1,500 kilo tons in 2016. Growing urbanization and industrialization have led to an increase in the demand for road construction materials such as asphalt and cement across the globe. This is anticipated to drive the product over the forecast period.
Regional Analysis:
The market in North America was valued at USD X billion in 2017 and is expected to witness growth over the forecast period owing to increasing demand for heavy oil from various end-use industries such as automotive, marine, and industrial applications. The presence of major oil sands projects including Suncor's Fort Hills, Shell's Albian Sands Project (formerly known as Telus), Imperial Oil's Kearl Project and ExxonMobil Corporation XOM)'s Christina Lake oilsands mine is also anticipated to drive the regional market over the forecast period.
In addition, technological advancements coupled with stringent environmental regulations by regulatory bodies such as National Resources Conservation Agency (NRCA) are expected to increase energy efficiency in order for industry participants to reduce their carbon footprint thereby driving industry growth over the projected period.
Growth Factors:
- Increasing demand from emerging markets such as China and India
- Tightening of environmental regulations in developed countries, which will drive the need for cleaner and more efficient fuels
- Technological advancements that make production of oil sands more efficient and environmentally friendly
- Rising prices of conventional crude oil, making oil sands a more economically viable option
- Political instability in key producing regions such as the Middle East
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Sands Market Research Report
By Type
Oil Sands Exploitation, Oil Sands Isolation
By Application
Heavy Oil Refining, Asphalt Refining, Others
By Companies
Suncor Energy, Canadian Natural Resources (CNRL), Cenovus Energy, ConocoPhillips, ExxonMobil, Shell, PetroChina, Athabasca Oil Corporation, MEG Energy, OSUM, Total, Sunshine Oilsands, CNOOC, BP, Marathon Oil, Devon Energy, Husky Energy, Chevron, PTTEP, Value Creation, Black Pearl Resources, Paramount Resources, Teck Resources Limited, Pengrowth Energy Corporation, Grizzly Oil Sands, KNOC, Japex, JX Nippon Oil and Gas
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Oil Sands Market Report Segments:
The global Oil Sands market is segmented on the basis of:
Types
Oil Sands Exploitation, Oil Sands Isolation
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
Heavy Oil Refining, Asphalt Refining, Others
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:
- Suncor Energy
- Canadian Natural Resources (CNRL)
- Cenovus Energy
- ConocoPhillips
- ExxonMobil
- Shell
- PetroChina
- Athabasca Oil Corporation
- MEG Energy
- OSUM
- Total
- Sunshine Oilsands
- CNOOC
- BP
- Marathon Oil
- Devon Energy
- Husky Energy
- Chevron
- PTTEP
- Value Creation
- Black Pearl Resources
- Paramount Resources
- Teck Resources Limited
- Pengrowth Energy Corporation
- Grizzly Oil Sands
- KNOC
- Japex
- JX Nippon Oil and Gas
Highlights of The Oil Sands 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:
- Oil Sands Exploitation
- Oil Sands Isolation
- By Application:
- Heavy Oil Refining
- Asphalt Refining
- Others
- 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 Oil Sands 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
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- 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?
Oil sands are a type of oil deposit that is found in sandstone formations. The oil sands are extracted using a process called mining.
Some of the major companies in the oil sands market are Suncor Energy, Canadian Natural Resources (CNRL), Cenovus Energy, ConocoPhillips, ExxonMobil, Shell, PetroChina, Athabasca Oil Corporation, MEG Energy, OSUM, Total, Sunshine Oilsands, CNOOC, BP, Marathon Oil, Devon Energy, Husky Energy, Chevron, PTTEP, Value Creation, Black Pearl Resources, Paramount Resources, Teck Resources Limited, Pengrowth Energy Corporation, Grizzly Oil Sands, KNOC, Japex, JX Nippon Oil and Gas.
The oil sands market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil Sands Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil Sands Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil Sands Market - Supply Chain
4.5. Global Oil Sands Market Forecast
4.5.1. Oil Sands Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil Sands Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil Sands Market Absolute $ Opportunity
5. Global Oil Sands Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil Sands Market Size and Volume Forecast by Type
5.3.1. Oil Sands Exploitation
5.3.2. Oil Sands Isolation
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil Sands Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil Sands Market Size and Volume Forecast by Application
6.3.1. Heavy Oil Refining
6.3.2. Asphalt Refining
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil Sands Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil Sands Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil Sands Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil Sands Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil Sands Demand Share Forecast, 2019-2026
9. North America Oil Sands Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil Sands Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil Sands Market Size and Volume Forecast by Application
9.4.1. Heavy Oil Refining
9.4.2. Asphalt Refining
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil Sands Market Size and Volume Forecast by Type
9.7.1. Oil Sands Exploitation
9.7.2. Oil Sands Isolation
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil Sands Demand Share Forecast, 2019-2026
10. Latin America Oil Sands Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil Sands Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil Sands Market Size and Volume Forecast by Application
10.4.1. Heavy Oil Refining
10.4.2. Asphalt Refining
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil Sands Market Size and Volume Forecast by Type
10.7.1. Oil Sands Exploitation
10.7.2. Oil Sands Isolation
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil Sands Demand Share Forecast, 2019-2026
11. Europe Oil Sands Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil Sands Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil Sands Market Size and Volume Forecast by Application
11.4.1. Heavy Oil Refining
11.4.2. Asphalt Refining
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil Sands Market Size and Volume Forecast by Type
11.7.1. Oil Sands Exploitation
11.7.2. Oil Sands Isolation
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil Sands Demand Share, 2019-2026
12. Asia Pacific Oil Sands Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil Sands Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil Sands Market Size and Volume Forecast by Application
12.4.1. Heavy Oil Refining
12.4.2. Asphalt Refining
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil Sands Market Size and Volume Forecast by Type
12.7.1. Oil Sands Exploitation
12.7.2. Oil Sands Isolation
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil Sands Demand Share, 2019-2026
13. Middle East & Africa Oil Sands Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil Sands Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil Sands Market Size and Volume Forecast by Application
13.4.1. Heavy Oil Refining
13.4.2. Asphalt Refining
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil Sands Market Size and Volume Forecast by Type
13.7.1. Oil Sands Exploitation
13.7.2. Oil Sands Isolation
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil Sands Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil Sands Market: Market Share Analysis
14.2. Oil Sands Distributors and Customers
14.3. Oil Sands Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Suncor Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Canadian Natural Resources (CNRL)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cenovus Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ConocoPhillips
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ExxonMobil
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PetroChina
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Athabasca Oil Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MEG Energy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. OSUM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Total
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sunshine Oilsands
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CNOOC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BP
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Marathon Oil
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Devon Energy
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Husky Energy
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Chevron
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. PTTEP
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Value Creation
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
