Transparency Market Research has published a new report, according to which, the global coal seam gas market is predicted to record a substantial growth owing to the rising demand for energy. Power generation has exponentially increased in the last few years in order to meet the increasing demand for energy.

Additionally, unavailability of non-renewable energy sources is also causing major leaders in the market to look for alternative ways of energy production. These are the major factors, as per the report, fueling the adoption of coal seam gas for electricity generation and thereby the growth of the global coal seam gas market.

Coal seam gas is a natural gas mined from coal bed that generally comprises gas and water. Decomposition of organisms mainly algae and plankton result in coal seam gas formation. Coal seam gas is, although, the combination of important fossil fuel, its main and largest constituent is methane.

The extensive range of coal seam gas’s applications includes the production of chemicals, plastics and fertilizers, and electricity generation.

Moreover, the demand for natural gas for cooking purposes in exponentially rising. The adoption of coal seam gas as cooking gas has increased rapidly and the same pattern is expected to follow in the forecast period, thereby, boosting the growth of the global coal seam gas market.

The global coal seam gas is classified in terms of the method of exploration, application, and region. In terms of method of exploration, the coal seam gas market is classified into hydraulic fracturing and horizontal drilling. On the other hand, in terms of application, the market is segmented into the production of chemicals, cooking gas and power generation.

The Global Coal Seam Gas Market Segmentation, by Method of Exploration
• Horizontal Drilling
• Hydraulic Fracturing
The Global Coal Seam Gas Market Segmentation, by Application
• Production of Chemicals
• Cooking Gas
• Power Generation

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