Kumar S. Digital Marketing Specialist
TechSci Research has predicted significant growth in the global tar sands market during the forecast period of 2023-2027 in their report "Tar Sands Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027." Tar sands, also known as oil sands, are a mixture of sand, clay, water, and bitumen - a heavier type of oil. They are primarily concentrated in North America, but they have a significant influence on the global oil market. Although there are approximately 2 trillion barrels of oil reserves worldwide, some of these resources are not recoverable due to technical or economic reasons. Countries with the largest tar sand deposits include Venezuela, Canada, and many Middle Eastern nations. With the depletion of conventional oil reserves, the market is looking towards alternate reserves and technologies to meet the growing energy demands of the global population and rapid industrialization in emerging economies. However, the extraction process causes significant environmental damage and pollution, which could hinder market growth. The global tar sands market is segmented based on component, extraction method, technology, regional distribution, and competitive landscape.
https://www.techsciresearch.com/report/tar-sands-market/12927.html
Apr 6th 2023 06:17