Methane Hydrates: Applications and Global Markets Through 2023

NEW YORK, Dec. 17, 2018 /PRNewswire/ -- Report Scope:
The methane hydrate market is segmented into the following categories -

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- By extraction type: offshore methane hydrate and onshore methane hydrate.
- By application: transportation fuel application, industrial application and other applications.
- By region: North America is segmented into the U.S., Canada and Mexico; Europe is segmented into U.K., Germany, France, Russia and Rest of Europe; Asia-Pacific (APAC) is segmented into Japan, India, China and Rest of Asia-Pacific; and the Rest of the World (ROW) covers Latin America, Middle East and Africa.
- Estimated values used are based on manufacturers' total volume. Projected and forecasted values are in constant units, unadjusted for inflation.

In addition to industry and competitive analysis of the methane hydrate market, this report also includes a patent analysis and a listing of company profiles for key players in the methane hydrates market.

Report Includes:
- 50 data tables and 24 additional tables
- An overview of the global market for methane hydrates and their applications
- Analyses of global market trends, with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Analyses of the various types of methane hydrates and the market dynamics of each end-use
- Examination of the current state of knowledge about the distribution and availability of gas hydrates, the status of recovery technology, and the potential role of methane from gas hydrates in the future energy system
- Profiles of leading companies in the market, including Baker Hughes, Inc., Chevron Corp., Japan Petroleum Exploration Co., Ltd., Royal Dutch Shell plc and Valero Energy Corporation

Summary
Methane hydrate, also commonly known as a natural gas hydrate, methane clathrate, fire ice, hydromethane, gas hydrate, and methane ice.Most of the methane hydrate deposits also consist of small quantities of hydrocarbon hydrates which include ethane hydrate and propane hydrate.

Large quantities of methane hydrate have been found underneath Antarctic ice and in sedimentary deposits across continental margins across the globe. Methane hydrate is methane gas trapped inside a cage-like lattice of ice that occurs naturally when pressure and temperature conditions of the earth are suitable for its formation. It is generally formed in the sedimentary rocks beneath the Arctic permafrost, deepwater
sediments of seas and inland lakes, sedimentary deposits across continental margins, and beneath Antarctic ice. Therefore, countries like Canada, India, Japan, and the U.S. are adopting vigorous research programs and technologies for producing methane hydrates.

One of the chief factors set to boost the growth of the methane hydrate global market and its large scale commercialization is the potential industrial applications of this natural resource.Moreover, several potential applications of methane hydrates include the transportation and storage of natural gas, gas separation, carbon dioxide disposal and desalination.

The growing need for new and advanced methods of gas transportation is the vital challenge driving the development of methane hydrate technology for storing and transporting natural gas.Methane is also a very powerful greenhouse gas, representing a significant percentage of the global greenhouse gas emissions in recent years.

The deposits of methane gas hydrates hold large volumes of methane which is stored primarily in sediments of the Earth's polar regions and continental regions.Hence, methane has a crucial role to play in the Earth's global carbon cycle, chiefly as a storage reservoir of carbon.

Methane hydrates are gaining increasing attention as a major source of clean hydrocarbon energy. The U.S. Department of Energy's (DOE) Energy Information Administration estimates that methane hydrates contain more carbon and thus more potential fuel than all the other fossil fuels combined. However, these enormous deposits of methane hydrate natural gas are yet to be commercialized on a large scale, but with the promising research and development activities across the world, the commercialization of methane gas hydrates is expected to happen swiftly.

Methane hydrate resources could be an enormous boon to energy-hungry nations.It is widely considered that the mining of methane hydrate could exert a significant detrimental effect on the climate if its extraction results in the escape of methane into the atmosphere.

However, with the rise in sea temperatures, methane hydrates could begin melting which can, in turn, unleash methane into the atmosphere at a large scale.Scientific studies have revealed the leak of methane from soils and oceans in the Arctic, which has been subsequently raising concerns about the uncontrolled release of methane from hydrate formations.

Thus, this is one of the major inhibiting factors which is expected to hinder the global methane hydrate market growth.

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