Transparency Market Research
Global Gas Hydrates Market: Overview
Gas hydrates occur and form naturally when certain gases combine with water at moderate pressures and low temperatures, producing a frozen solid. Gas hydrate usually comprises of methane trapped inside it, which is also known as ‘natural gas’. Over the globe, methane hydrate is found deep inside the sea bed, at depths beyond three hundred to five hundred meters, at the margins of continents. Gas hydrate also forms inside and beneath permanently frozen ground (permafrost) at high northern latitudes and in the ground beneath large ice sheets and underneath some glaciers in Greenland, Antarctica, and other cold countries.
Gas hydrate has also been obtained from sediments beneath the largest freshwater lake on earth, namely Lake Baikal. Vast amounts of gas hydrates exist on the world's continental margins. Methane from gas hydrates may constitute a future source of natural gas. This energy potential is being harnessed in many national gas hydrate programs overseas, e.g., in the U.S. and Japan. This is propelling the global gas hydrates market.
Gas hydrates have also proved to be vital for study of the stability of seafloors, as “melting” of gas hydrate has the ability to cause seafloor landslides. Moreover, methane, which is a potent greenhouse gas is expected play a significant role in climate change, leading to further interest in this market scenario.
The report offers a comprehensive evaluation of the global gas hydrates market, taking into account its growth drivers, restraints, and prospects going forward.
Global Gas Hydrates Market: Trends and Opportunities
The pivotal factors presenting new opportunities to the gas hydrates market are the burgeoning demand of oil and gas across the world and the end use adaptability of gas hydrates. Moreover, the gas hydrates market is seen as an opportunity in gas sector as most of the major gas and oil players across the world are conducting vast research to discover methods for extraction of gas hydrates from the ocean bed. Countries, such as India and Japan have been launching projects to examine the feasibility of gas hydrates. These initiatives will help to answer significant questions on the properties of the design of the production system, the host reservoir, and, the economics and costs of hydrate recovery, fuelling the market for gas hydrates.
A significant factor that may restrain the growth of gas hydrates market is climate change, as gargantuan amounts of methane are stored in the sea floor in the form of solid methane hydrates. Those can have a fallout on the environment.
Global Gas Hydrates Market: Geographical Analysis
The global gas hydrates market is segmented geographically into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Asia-Pacific, among them, accounts for a considerably high market share and is expected to grow robustly over the course of the forecast period. North America is witnessing a swift rise in the production capacity of gas hydrates on account of incrementing demand for oil and gas in the region.
Global Gas Hydrates Market: Companies Mentioned
Key players operating in the global gas hydrates market are PetroChina, Valero Energy, Sinopec, Royal Dutch Shell, Global Oil & Gas AG, and Total SA, among others.
Global Gas Hydrates Market, by Geography
This report gives access to decisive data, such as:
Key highlights of this report include:
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.