Shale gas is a type of natural gas which is found below the shale rock. Shaleis a compressed fine-grained sedimentary rock created from mud silt, clay, and organic matter. Shale gas is confined within tiny pore spaces in sediment formations. It majorly consists of methane with other hydrocarbons such as propane, ethane, butane, carbon dioxide, nitrogen, and hydrogen sulphide. The advantages associated with shale gas, including lesser natural gas prices, a cleaner environmental footprint than some other fossil fuels, which include coal, fuel oil or natural gas, intensified energy security & the availability of energy fuels, and local economic development are significant factors which are primarily driving the growth of the global shale gas market. The rising awareness about the environment elevates the utilization of clean fuels, including natural gas, which is surging demand for shale gas. On the other hand, shale gas production can be economically not feasible at times and negatively impact the environment, which are the key factors restricting the shale gas market growth. The Shale Gas Market is anticipated to grow at the rate of 8.5% CAGR by 2027.

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Shale Gas Market on the basis of Technology
Exploration & Drilling
Fracturing Fluid
Shale Gas Market on the basis of Application
Power Generation
Industrial
Residential
Commercial
Transportation
Shale Gas Market on the basis of Geography
North America
Europe
Asia Pacific
Rest of the World
Based on technology, the shale gas market is divided into exploration & drilling and fracturing fluid. The fracturing fluid segment is projected to witness a higher CAGR rate over the forecasted period. The segment's growth is ascribed to the rising popularity of fracturing technology because of its outstanding cost-efficiency and great hydrocarbon recovery technique for extraction. In addition, the adoption of hydraulic fracturing with horizontal drilling for piercing ultra-hard shale deep underground reserves and the use of watery fluids such as water, gel, brines, and acid, as the base fluid in the abstraction of shale gas is further enhancing the growth of the market.

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