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Global Enhanced Oil Recovery (EOR) Market – Industry Trends and Forecast to 2028

  • Chemical and Materials
  • Upcoming Report
  • Jan 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Enhanced Oil Recovery (EOR) Market, By Technology (Thermal EOR, Chemical EOR, GAS EOR, Others), Application (Onshore, Offshore), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Enhanced Oil Recovery (EOR) Market Market Analysis and Insights : Global Enhanced Oil Recovery (EOR) Market

Enhanced oil recovery (EOR) market will reach an estimated valuation of USD 104.91 billion by 2028, while registering this growth at a rate of 6.90% for the forecast period of 2021 to 2028. Enhanced oil recovery (EOR) market report analyses the growth, which is currently being growing due to the increasing production from maturing oilfields.

Often known as tertiary oil recovery, enhanced oil recovery (EOR) refers to the extraction of crude oil from an oil field that cannot otherwise be extracted. This method is also aimed at increasing the amount of oil recovered from the reservoirs along with condensate and natural gas. In improving the returns from an oil well, EOR is highly efficient as it can extract more oil from reservoirs compared to primary and secondary recovery.  

The growing number of shale activities, increasing consumption of energy across the globe, rising number of matured wells, growing oil demands and imports in the emerging economies, increase in global demand for numerous sectors, mainly transportation, increase in adoption of advanced technologies such as enhanced oil recovery to improve the extraction process are some of the major as well as important factors which will likely to augment the growth of the enhanced oil recovery (EOR) market in the projected timeframe of 2021-2028. On the other hand, increasing focus on heavy oil production, new offshore oilfield discoveries along with surging levels of investment on research and development activities which will further contribute by generating massive opportunities that will lead to the growth of the enhanced oil recovery (EOR) market in the above mentioned projected timeframe.

Volatility in the prices of oil along with strict government regulations on exploration and production activities which will likely to act as market restraint factor for the growth of the enhanced oil recovery (EOR) in the above mentioned projected timeframe. Increasing adoption of renewable energy along with pandemic effect on oil and gas production activities which will become the biggest and foremost challenge for the growth of the market.

This enhanced oil recovery (EOR) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on enhanced oil recovery (EOR) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Enhanced Oil Recovery (EOR) Market Scope and Market Size

Enhanced oil recovery (EOR) market is segmented on the basis of technology, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

  • On the basis of technology, the enhanced oil recovery (EOR) market is segmented into thermal EOR, chemical EOR, Gas EOR, and others. Thermal EOR has been further segmented into in-situ combustion, steam, and others. Chemical EOR has been further segmented into polymer, surfactant, and alkaline surfactant polymer. Gas EOR has been further segmented into CO2, and other gases.  
  • Enhanced oil recovery (EOR) market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for enhanced oil recovery (EOR) market includes onshore, and offshore.

Enhanced Oil Recovery (EOR) Market Country Level Analysis

Enhanced oil recovery (EOR) market is analysed and market size, volume information is provided by country, technology and application as referenced above.

The countries covered in the enhanced oil recovery (EOR) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The U.S. dominates the North America enhanced oil recovery (EOR) market due to the presence of several unconventional oil and gas resources and matured fields along with increasing government funding towards EOR projects in the region. Asia-Pacific region is expected to hold the largest growth rate due to the increased deployment of EOR in aged wells to meet the production targets along with rising oil and gas demand in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Enhanced Oil Recovery (EOR) Market Share Analysis

Enhanced oil recovery (EOR) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to enhanced oil recovery (EOR) market.

The major players covered in the enhanced oil recovery (EOR) market report are Schlumberger Limited.; Halliburton.; ChampionX; Baker Hughes Company; SECURE Energy Services Inc.; TechnipFMC plc; XYTEL Corporation; Exterran Corporation; RCS Group of Companies; Ultimate EOR Services LLC; Premier Energy.; TITAN OIL RECOVERY, INC.; BASF SE; Croda International Plc; Linde plc.; Clariant; Air Liquide; Shell group of companies; bp p.l.c.; Suncor Energy Inc.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Enhanced Oil Recovery (EOR) Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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