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
·
Europe
·
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.
More Reports on Energy Market:
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