Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Oil Sands Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.Oil sands, technically termed as bituminous sands come under a form of petroleum deposit. They are loose or consolidated sandstone having naturally occurring mixture of sand, water and clay which is saturated with viscous and extremely dense form of petroleum called bitumen. Due to higher oil prices the oil sands and heavy oil market has seen a growth.
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Some of the key factors driving the growth of this market are employment growth rate, demand for oil and increasing oil production globally. The extraction of oil sands and obtaining crude oil requires refining; this process is expensive and reduces the margin for profits in oil production compared to mining of crude oil. But, due to rising oil prices this process has been able to make profits. Transportation is the biggest hurdle affecting the market of oil sands. For transporting bitumen to refineries, bitumen must be blended with a condensate, to meet pipeline qualifications for viscosity and density. Also there is lack of skilled labours to work on these projects.
The technique involved in the recovery of bitumen from oil sands includes conventional surface mining and also steam injection technology. Steam injection and refining is required for making of liquid fuels from oil sands. The bitumen obtained is then upgraded to refinery ready oil products and diesel. The market segmentation of oil sands is into various fields like oil sands steam assisted gravity drainage, natural gas transmission and production and chemical production.
Countries such as Venezuela and Canada are among one of the largest proven reserves for the oil sands. Major players in the oil sands are Suncor, Deloitte and Shell these companies have developed remediation technologies for the waste, called as ‘tailings’ which is created by extraction of oil sands.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
· North America
· Asia Pacific
· Rest of the World
This report provides comprehensive analysis of
· Market growth drivers
· Factors limiting market growth
· Current market trends
· Market structure
· Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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