The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, a halt in many end-use industries directly affected the chemical demand all around the world.
Coal Bed Methane Market Overview
The Global Coal Bed Methane Market was worth $21.36 billion in 2021 and is predicted to be worth $37.70 billion by 2030, growing at a 7.5% CAGR from 2023 to 2030.
Coal bed methane (CBM) is the natural gas found in most coal deposits. It is considered more eco-friendly than oil, coal, or even conventional natural gas. There are several factors that are boosting the growth of the global coal bed methane market. The depleting traditional natural gas reserves, in turn has led to an increased focus on using non-traditional sources of gas such as the coal bed methane. This key factor significantly propel the growth of the global coal bed methane market in the forthcoming years.
Additionally, rising extraction and exploration activities on a global scale are anticipated to drive the growth of the global coal bed methane market in the coming years. In addition to this, it is predicted that the recoverable non-traditional sources of gas such as the coal bed methane are much more in number than the traditional gas resources. There is still a substantial lump of sources currently unexplored. This provides enormous growth opportunities for the expansion of the global coal bed methane market in the forecast period. Moreover, increasing investments and funding to improve the drilling and exploration activities for coal bed methane is another key aspect escalating the growth of the coal bed methane market.
On the other hand, the large initial capital commitment for well drilling, stimulation, and water handling, and the difficulty in estimation of recoverable volumes in the evaluation of CBM proposals hamper the growth of the market.
Coal Bed Methane Market Segment Overview
Based on the application, the power generation segment accounted for the largest share of the market. Power generation from CBM is less expensive and hence largely preferred by developed as well as developing countries. Additionally, many developing countries are now shifting their focus towards coal bed methane for power generation to earn carbon credits. These factors largely contributed to the growth of this segment. Moreover, the Commercial segment has remarkable growth in the market. CBM has several other applications such as manufacturing LPG, gas engine systems, and propelling gas turbines along with providing the basis for pharmaceutical and plastics sectors.
Coal Bed Methane Market, By Application
· Residential
· Commercial
· Industrial
· Power Generation
· Transportation
Coal Bed Methane Market Regional Overview
In terms of region, North America dominated the global coal bed methane market. The growth of the North American market is mainly driven by the increasing demand for sustainable fuel the countries such as the US and Canada. Similarly, the market in Asia-Pacific is expected to witness significant growth during the forecast period. This can be attributed to the increasing drilling activities in coal-rich nations such as India, China, Australia, and Indonesia among others.
Coal Bed Methane Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Coal Bed Methane Market Competitor Overview
Some key developments and strategies adopted by manufacturers in Coal Bed Methane are highlighted below.
· In June 2021, Coal India Limited (CIL) is set to commence the production of coal bed methane (CBM) from its leasehold area under the Bharat Coking Coal (BCCL) in Jharkhand as a plan of its diversification strategy to build clean energy from coal.
Coal Bed Methane Market, Key Players
· BG Group
· Petronas
· PetroChina
· Great Eastern Energy
· Origin Energy
· Santos
· Dart Energy
· Arrow Energy
· Essar
· Reliance Industries Limited
· Baker Hughes, a GE Company LLC
· ConocoPhillips Company
· Halliburton
· bp p.l.c.
· Gazprom
· Pioneer Natural Resources Company
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Coal Bed Methane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Residential
- 5.2.2. Commercial
- 5.2.3. Industrial
- 5.2.4. Power Generation
- 5.2.5. Transportation
- 5.3. Market Analysis, Insights and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America, Middle East and Africa
6. North America Coal Bed Methane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Residential
- 6.2.2. Commercial
- 6.2.3. Industrial
- 6.2.4. Power Generation
- 6.2.5. Transportation
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. U.S.
- 6.3.2. Canada
7. Europe Coal Bed Methane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Residential
- 7.2.2. Commercial
- 7.2.3. Industrial
- 7.2.4. Power Generation
- 7.2.5. Transportation
- 7.3. Market Analysis, Insights and Forecast – By Country
- 7.3.1. UK
- 7.3.2. Germany
- 7.3.3. France
- 7.3.4. Italy
- 7.3.5. Spain
- 7.3.6. Russia
- 7.3.7. Rest of Europe
8. Asia Pacific Coal Bed Methane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Residential
- 8.2.2. Commercial
- 8.2.3. Industrial
- 8.2.4. Power Generation
- 8.2.5. Transportation
- 8.3. Market Analysis, Insights and Forecast – By Country
- 8.3.1. China
- 8.3.2. India
- 8.3.3. Japan
- 8.3.4. Australia
- 8.3.5. South East Asia
- 8.3.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Coal Bed Methane Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Residential
- 9.2.2. Commercial
- 9.2.3. Industrial
- 9.2.4. Power Generation
- 9.2.5. Transportation
- 9.3. Market Analysis, Insights and Forecast – By Country
- 9.3.1. Brazil
- 9.3.2. Saudi Arabia
- 9.3.3. UAE
- 9.3.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. BG Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Petronas
- 10.6. PetroChina
- 10.7. Great Eastern Energy
- 10.8. Origin Energy
- 10.9. Santos
- 10.10. Dart Energy
- 10.11. Arrow Energy
- 10.12. Essar
- 10.13. Reliance Industries Limited
- 10.14. Baker Hughes, a GE Company LLC
- 10.15. ConocoPhillips Company
- 10.16. Halliburton
- 10.17. bp p.l.c.
- 10.18. Gazprom
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
