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Gas Hydrates Market Research Report Information by Type (Onshore Gas Hydrates, Offshore/ Marine Gas Hydrates), Origin (Seabed, Permafrost), Application (Transportation Fuel, Commercial, Industrial) and Region (North America, Asia-Pacific) - Forecast to 2030


ID: MRFR/CnM/5878-HCR | 140 Pages | Author: Priya Nagrale| September 2025

Gas Hydrates Market Summary

As per Market Research Future Analysis, the Gas Hydrates Market is projected to reach USD 3694.90 million by 2030, with a CAGR of 4.73% from 2022 to 2030. Gas hydrates, also known as fire ice, are crystalline solids formed from gas molecules under low temperature and high pressure, primarily consisting of methane. Significant reserves are found in continental margins and beneath permafrost and deep-water sediments. Countries like the USA, Canada, India, Japan, and China are investing in research and technology to harness methane from gas hydrates, driven by rising oil and gas demand and automotive industry growth. However, high extraction costs and environmental concerns pose challenges to market expansion.

Key Market Trends & Highlights

The Gas Hydrates Market is characterized by several key trends and highlights.

  • Projected Market Size by 2030: USD 3694.90 million.
  • CAGR during 2022-2030: 4.73%.
  • Asia-Pacific expected to hold the largest market share in 2017, driven by government spending and demand from automotive industries.
  • North America anticipated to grow significantly due to large reserves and advanced drilling technology.

Market Size & Forecast

Market Size by 2030: USD 3694.90 million
CAGR from 2022 to 2030: 4.73%
Largest Regional Market Share in 2017: Asia-Pacific
Second Largest Market Share in 2017: North America.

Major Players

Key players include Japan Drilling Co., Ltd, Chevron Corporation, Schlumberger Limited, ConocoPhillips Company, and China Petrochemical Corporation.

Wide quantities of gas hydrates are found in the worldโ€™s continental margins, and it is obtained sediments down to a depth of 200m-400m beneath the seafloor it is also largely formed in the sedimentary rocks beneath the Arctic permafrost, deep-water sediments of seas, and inland lakes, and beneath Antarctic ice.

The gas mainly consists of methane in large quantities and other gasses like H2S and CO2 in very less proportions. The future source of natural gas from gas hydrates is methane. Different countries like the USA, Canada, India, Japan, and China are adopting advanced research methods and technologies to manufacture methane hydrates and the increasing demand for oil and gas across the world and increasing automotive industry are expected to drive the market growth. Escalating investments in exploration and extraction are further augmented to favor the market growth in the coming years.

Global Gas Hydrates Market Share, by Application, 2017 (%)

Gas Hydrates Market

Source: MRFR analysis

Regional analysis

The global gas hydrates market has been segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia-Pacific market is expected to witness the largest market share in 2017 and is expected to register a robust CAGR in the coming years owing to rising government spending on gas exploration, surging demand from automotive and transportation industries, and large consumer base. Japan is the leading country in the region owing to its high oil and gas imports, increasing R&D investments, and availability of gas hydrate source in the Sea of Japan. China and India market have also gas hydrates exploration in the South China sea and the Bay of Bengal respectively.

South Korea, Taiwan Malaysia are other regional contributors. The North American market is expected to register the second-largest market share in 2017 and is likely to grow at a significant CAGR in the following years due to large reserves of gas hydrates and advanced drilling technology. The US is the prominent country in the region owing to growing R&D facilities and surging demand for oil and gas in the region.

The European market held a substantial market share in 2017 and is anticipated to grow at a healthy CAGR during the forecast period owing to rapid depletion of fossil fuels and surging demand for greener methane fuel in industrial and automotive applications. Germany is the prominent country in the region owing to the advanced technological expertise and large consumer base. The Latin American market accounted for a moderate market share in 2017 and is expected to register a healthy CAGR in the following years owing to growing research initiatives.

Mexico is the leading country in the region followed by Brazil, Argentina, and Chile. The Middle East & Africa market is expected to grow at a steady CAGR during the forecast period owing to increasing pressure on oil fields and shift towards a greener fuel. Saudi Arabia is the major contributor in the region.

Segmentation analysis

The global gas hydrates market has been segmented on the basis of type, origin, method of extraction, application, and region.

Based on type, the global gas hydrates market has been bifurcated into onshore gas hydrates and offshore/ marine gas hydrates.

By origin, the global gas hydrates market has been categorized into seabed, permafrost, and others.

Based on method of extraction, the global gas hydrates market has been divided into water circulation, depressurization, carbon dioxide injection, and inhibitor injection process.

On the basis of application, the global gas hydrates market has been classified into transportation fuel, commercial, industrial, and others.

The global gas hydrates market has been studied across five major regions, namelyโ€“ Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Gas Hydrates Market Key players

The key players operating in the global gas hydrates market are Japan Drilling Co., Ltd (Japan), Japan Petroleum Exploration Co., Ltd. (Japan), Chevron Corporation (US), Schlumberger Limited (US), ConocoPhillips Company (US); Japan Oil, Gas and Metals National Corporation (Japan), and China Petrochemical Corporation (China), Oil and Natural Gas Corporation Ltd. (India), PetroChina Company Limited (China), Royal Dutch Shell plc (The Netherlands), Total (France), and Fugro (The Netherlands).

Gas Hydrates Market Industry Developments

  • Q2 2024: JOGMEC and INPEX Begin Worldโ€™s First Offshore Gas Hydrate Production Test in Nankai Trough JOGMEC and INPEX announced the start of the worldโ€™s first long-term offshore gas hydrate production test in the Nankai Trough, aiming to evaluate commercial viability and environmental impact of methane extraction from hydrates.
  • Q2 2024: China Launches New Gas Hydrate Pilot Production Project in South China Sea Chinaโ€™s Ministry of Natural Resources announced the commencement of a new pilot production project for gas hydrates in the Shenhu area of the South China Sea, following previous successful extraction tests.
  • Q3 2024: India Approves National Gas Hydrate Program Phase III with $200 Million Funding The Indian government approved Phase III of its National Gas Hydrate Program, allocating $200 million for exploration and pilot production in the Krishna-Godavari and Mahanadi basins.
  • Q2 2024: Petrobras Signs MoU with JOGMEC for Joint Gas Hydrate Exploration in Brazil Petrobras and JOGMEC signed a memorandum of understanding to collaborate on gas hydrate exploration and technology development in Brazilian offshore basins.
  • Q1 2025: JOGMEC Announces Successful Completion of 60-Day Offshore Gas Hydrate Production Test JOGMEC reported the successful completion of a 60-day continuous offshore gas hydrate production test in the Nankai Trough, achieving stable methane output and collecting key environmental data.
  • Q2 2025: CNOOC and CNPC Form Joint Venture for Commercial Gas Hydrate Development CNOOC and China National Petroleum Corporation (CNPC) established a joint venture to accelerate commercial development of gas hydrate resources in the South China Sea.
  • Q2 2024: Mitsui & Co. Invests $50 Million in Gas Hydrate Extraction Technology Startup Japanese trading house Mitsui & Co. invested $50 million in a domestic startup specializing in advanced gas hydrate extraction technologies, aiming to commercialize methane hydrate production.
  • Q3 2024: Chevron Announces Partnership with Indian Oil for Gas Hydrate Exploration Chevron and Indian Oil Corporation announced a strategic partnership to jointly explore and develop gas hydrate resources off the eastern coast of India.
  • Q1 2025: TotalEnergies Launches Pilot Gas Hydrate Extraction Project in Mozambique TotalEnergies began a pilot project to extract methane from gas hydrates in offshore Mozambique, marking the companyโ€™s first foray into hydrate-based energy production.
  • Q2 2025: Petrobras Opens Dedicated Gas Hydrate Research Facility in Rio de Janeiro Petrobras inaugurated a new research facility focused on gas hydrate extraction and environmental monitoring, supporting Brazilโ€™s efforts to commercialize offshore methane hydrates.
  • Q1 2024: Japan Grants Regulatory Approval for Commercial Gas Hydrate Production Japanโ€™s Ministry of Economy, Trade and Industry granted regulatory approval for the countryโ€™s first commercial-scale gas hydrate production project, paving the way for private sector investment.
  • Q3 2025: Shell Appoints New Head of Global Gas Hydrate Operations Shell announced the appointment of Dr. Maria Fernandez as the new global head of its gas hydrate operations, reflecting the companyโ€™s increased focus on unconventional gas resources.

Target audience:

    • Gas Hydrates exploring organizations
    • Potential investors
    • Production process industries
    • Oil & gas industries
    • Nationalized laboratories
    • Government bodies
    • Research organizations
Report Attribute/Metric Details
ย ย Market Size ย ย 2030 : USD 3694.90 million
ย ย CAGR ย ย 2030 : 4.73%
ย ย Base Year ย ย 2021
ย ย Forecast Period ย ย 2022ย toย 2030
ย ย Historical Data ย ย 2019ย &ย 2020
ย ย Forecast Units ย ย Value (USD Million)
ย ย Report Coverage ย ย Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
ย ย Segments Covered ย ย Basis of type, origin, method of extraction, application, and region.
ย ย Geographies Covered ย ย North America, Europe, Asia-Pacific, and Rest of the World (RoW)
ย ย Key Vendors ย ย Japan Drilling Co., Ltd (Japan), Japan Petroleum Exploration Co., Ltd. (Japan), Chevron Corporation (US), Schlumberger Limited (US), ConocoPhillips Company (US); Japan Oil, Gas and Metals National Corporation (Japan), and China Petrochemical Corporation (China), Oil and Natural Gas Corporation Ltd. (India), PetroChina Company Limited (China), Royal Dutch Shell plc (The Netherlands), Total (France), and Fugro (The Netherlands).
ย ย Key Market Opportunities ย ย Increasing investments on exploration and extraction is further augmented to favor the market growth.
ย ย Key Market Drivers ย ย Methane is the most prominent constituent of gas hydrates which is considered as the cleanest burning fossil fuel.


Frequently Asked Questions (FAQ):

It finds extensive applications in industrial, transportation fuel, and commercial sectors.

Growing automotive industry and increasing investments in extraction and exploration is driving market growth.

Complex extraction process and high cost may restrict market growth.

The APAC region will spearhead the gas hydrates market.

Different strategies adopted by industry players to maintain dominance in the gas hydrates market include acquisitions, mergers, joint ventures, and product development.

Comments

Gas Hydrates Market

Gas Hydrates Market is projected to be worth USD 3694.90 million by 2030, registering a CAGR of 4.73% during the forecast period (2022 - 2030).

Segmentation
Type Onshore Gas Hydrates Offshore/ Marine Gas Hydrates
Origin Seabed Permafrost
Application Transportation Fuel Commercial Industrial
Key Players
Companies Profiled   Japan Drilling Co. Ltd (Japan)    Japan Petroleum Exploration Co. Ltd. (Japan)    Chevron Corporation (US)    Schlumberger Limited (US)    ConocoPhillips Company (US)    Japan Oil    Gas and Metals National Corporation (Japan)    China Petrochemical Corporation (China)
Drivers
Market Driving Forces   Methane is the most prominent constituent of gas hydrates which is considered as the cleanest burning fossil fuel.

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