The rise in the need to reduce dependency on the renewable source of energy has increased the focus on the use of Methane Hydrate. End users are investing on various sources to produce natural gas at a large scale. The compound methane hydrate is known to have more energy than gas, oil and coal combined. This compound is widely being used in the storage of natural gas, carbon dioxide disposal, gas separation, and desalination.
Frequently Asked Questions
The market is segmented based on Segmentation, By Source (Seabed, Permafrost, Others), Type (Microbially, Organic Material, Others), Application (Business, National Defence, Civil Use, Others) – Industry Trends and Forecast to 2032
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The Global Methane Hydrate Extraction Market size was valued at USD 51.80 USD Billion in 2024.
The Global Methane Hydrate Extraction Market is projected to grow at a CAGR of 6.6% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, and Rest of Middle East and Africa (MEA)..
