According to the new market research report “Global Shale Gas Market by Technology, Geography, Applications, Regulations, Ethylene production, Market Trends & Forecasts (2011- 2021)” published by MarketsandMarkets, the global shale gas production is expected to grow from 4,130 billion cubic feet in 2011 to 6,991 billion cubic feet in 2021 at a CAGR of 5.4% for the same period. North America being the only region active with commercial production of shale gas as of year 2010; is expected to remain the largest shale gas market in terms of production volumes by the year 2021 with a share of 78% due to technological expertise and availability of resources; followed by EMEA (13%), Asia Pacific (7%), and ROW (2%). The current exploration and production activities by major oil and gas companies in Europe and Asia Pacific indicate the commercialization of shale gas by 2016 in these regions. The markets representing high growth rate in shale gas production from 2016 to 2021 are China (6.2%).
