According to a new report published by Allied Market Research, titled, " Methane Hydrate Extraction Market by Country: Opportunity Analysis and Industry Forecast, 2021 - 2025," the methane hydrate extraction market is projected to reach 66,901.8 thousand cubic meters by 2025, growing at a CAGR of 6.3% from 2021 to 2025. Methane hydrate is known as gas hydrate, methane clathrate, and fiery gas. It is found in the soft seabed of continental margins across the globe under the water depth of 300 to 3000 meter. The greatest deposits of methane hydrate are found below 500 meter near seabed. Methane hydrates are formed naturally, with the combination of water and methane gas at a high pressure and low temperature. Methane hydrate is on the verge of getting commercialized and it is expected to get commercialized after 2020. It is considered as a future source of energy, therefore, countries such as China, India, Japan, and the U.S. focus on mining this product. As of now, Chin...
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