Oil Shale Market Size, Share, By Product (Shale Gasoline, Shale Diesel, Kerosene, and Others), Technology (In-Situ Technology and Ex-Situ Technology), Process (Oil Shale Exploration, Ore Preparation, Oil Shale Retoration, and Shale Oil Refining & Specialty Services), Application (Fuel, Electricity, Cement, and Chemicals), and Region - Trends, Analysis, and Forecast till 2035

Oil shale market size was valued at USD 4.9 Billion in 2025 and is expected to reach USD 10.0Billion by 2035 growing at a CAGR of 8.2%.

Oil shale is an organic-rich fine-grained sedimentary rock containing kerosene from which liquid hydrocarbons can be produced. Shale gas is a form of natural gas (mostly methane), found underground in shale rock. It is classified as 'unconventional' because it is found in shale. Increasing demand for energy, depleting conventional energy sources, technological advancements, rise in exploration activity of shale products, and others are reasons in back of Oil Shale Market growth.