Apr 24, 2019 (Heraldkeeper via COMTEX) -- Gas Hydrates Market Overview to 2023:
Gas hydrates, also referred to as methane hydrates, are cage-structured lattices of water molecules which contains methane as the primary constituent. They are crystalline, naturally occurring, ice-like substances which occur beneath the sea bed and continental margins. They are a rich source of natural gas; and is produced at high pressure and low temperature at a depth of few hundred meters below sea level.
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The global gas hydrates market has been analyzed across five key regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The Asia-Pacific market dominated the global market and is likely to register the highest CAGR in the coming years owing to growing government spending, rising demand from transportation industry, and growing R&D facilities. Japan is projected to account for the largest market share as it imports almost all its oil and gas fuels, large reserves of gas hydrates, and is equipped with advanced technical expertise with extraction. China, India, Malaysia, Taiwan, and South Korea are other regional contributors.
The global gas hydrates market has been segmented on the basis of type, origin, method of extraction, application, and region.
By type, the global gas hydrates market has been bifurcated into onshore gas hydrates and offshore/ marine gas hydrates.
On the basis of origin, the global gas hydrates market has been categorized into seabed, permafrost, and others.
By method of extraction, the global gas hydrates market has been divided into water circulation, depressurization, carbon dioxide injection, and inhibitor injection process.
Based on application, the global gas hydrates market has been classified into transportation fuel, commercial, industrial, and others.
The global gas hydrates market has been studied across five major regions, namely- Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
u Japan Drilling Co., Ltd
u Japan Petroleum Exploration Co., Ltd
u Chevron Corporation
u Schlumberger Limited