Market Insights and Analysis: Global Methane Market Overview and Projections (2022-2027)
The Global Methane Market is anticipated to expand at around 5.8% CAGR during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven by the swift expansion of industries like electronics, automotive, and aerospace, among others, across different countries worldwide, i.e., surging the demand for methane for diverse applications, associated mainly with producing heat & light.
Top leading companies in the Global Methane Market includes:
American Gas Products, Black Diamond Energy Inc., Bow Energy, BP PLC, China National Offshore Oil Company, China National Petroleum Corporation, Dart Energy Corporation, G3 Exploration, Halliburton Co., IGas Energy, Metgasco Ltd., Oil and Natural Gas Corporation, Royal Dutch Shell PLC, Senex Energy Limited, TLOU Energy Ltd, and Others.
Growth Opportunity: The advent of Shale Gas Technology
As controversies on methane gas utilization have brought challenges for different industries to attain its benefits, the leading players in the Global Methane Market are seeking alternatives like shale gas technology and, consequently, generating remunerative prospects for the industry. It would aid the production & processing of petrochemicals, where methane can be used as a natural gas in the heating & electrical sectors.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Source
-Natural
-Synthetic
By Type
-Gasification
-Fermentation
By Applications
-Fuel
-Natural Gas
-Liquefied Natural Gas
-Chemical Feedstock
-Rocket Fuel
-Power Generation
-Residential
-Others (Pulp & Paper, Rubber & Plastics, etc.)
By End-Users
-Automotive
-Aerospace & Defence
-Electrical
-Chemical.
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Global Methane Market Geographic Reach:
The Geographic Reach of the Global Methane Market evaluates the spread and significance of Global Methane market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: USA, Canada, Mexico
- Europe: The UK, Germany, France, Italy, Spain, Rest of Europe
- Asia-Pacific: China, India, Japan, Australia, Rest of Asia-Pacific
- South America: Brazil, Rest of South America
- Middle East & Africa: GCC, South Africa, Rest of Middle East & Africa.
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