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Chemical Enhanced Oil Recovery (Eor / Ior) Market

Chemical Enhanced Oil Recovery (Eor / Ior) Market

Chemical Enhanced Oil Recovery (Eor / Ior) Market Global Industry Assessment & Forecast

# Pages:

169

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0507

Segments Covered
  • By Technique Polymer Flooding, Surfactant Polymer flooding, Surfactant flooding, Alkaline Flooding, Alkaline Flooding, Others
  • By Application Bypass Oil, Residual Oil
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 1.3 Billion
Revenue 2028Revenue 2028: 1.94 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 5.1
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Chemical Enhanced Oil Recovery (Eor / Ior) market was valued at USD 1.3 Billion in 2020 and is projected to reach USD 1.94 Billion by 2028, growing at a CAGR of 5.1% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 1.94 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 5.1%

Definition and Overview

Chemical enhanced oil recovery is one of the major EOR methods that reduces the residual oil saturation by lowering water-oil interfacial tension (surfactant/alkaline) and increases the volumetric sweep efficiency by reducing the water-oil mobility ratio (polymer).


The global Chemical Enhanced Oil Recovery (Eor / Ior) market report provides exhaustive analysis on segments, regions/countries, companies, and such several strategic marketing tools such as Porter’s Five Forces Analysis, Pricing Analysis, SWOT Analysis, PESTLE Analysis, Player Positioning Analysis, Downstream Buyers, List of distributors, and Value Chain Analysis among others. The report covers market size and estimations for each segment/region/country for the years 2016–2028. It provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. Moreover, the report includes a thorough analysis on competitive landscape comprising of extensive company profiles based on various parameters such as company overview, market revenue, business, product portfolio, and marketing strategies among others. 

Yearly Infographics 1.3 Billion 1.94 Billion

COVID-19 Impact Analysis

Outbreak of COVID-19 in 2020 compelled governments across the world to take severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to restrict swift spread of COVID-19. However, these actions had a drastic impact on the global economy, as the companies across the globe were forced to either close or partially closed their operations, leading to supply chain disruptions and impairing of various industries. Moreover, in 2021 several key markets such as U.S., India, and Brazil among other witnessed second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Global Chemical Enhanced Oil Recovery (Eor / Ior) Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Technique, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Oil Chem Technologies LLC, Champion Technologies, Halliburton Company, Huntsman Corporation, Basf SE, Tiorco LLC (Joint Venture of Nalco and Stepan Company), Schlumburger Ltd., Stepan Company, Shell Chemicals (Subsidiary of, Royal Dutch Shell Plc), The DOW Chemical Company, Baker Hughes Inc.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Technique, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities. 

On the basis of Technique, the market is divided into Polymer Flooding, Surfactant Polymer flooding, Surfactant flooding, Alkaline Flooding, Alkaline Flooding, Others. Polymer flooding is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.

Based on Application, the market is divided into Bypass Oil, Residual Oil. By Pass Oil attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Chemical Enhanced Oil Recovery (Eor / Ior) Market: Technique Segment Analysis

    • Polymer Flooding
    • Surfactant Polymer flooding
    • Surfactant flooding
    • Alkaline Flooding
    • Alkaline Flooding
    • Others

Global Chemical Enhanced Oil Recovery (Eor / Ior) Market: Application Segment Analysis

    • Bypass Oil
    • Residual Oil

Regional Analysis: Preview

Geographically, the global Chemical Enhanced Oil Recovery (Eor / Ior) market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report further segments the regional study into key country-level markets from each region. The regional analysis section provides extensive analysis on various factors impacting market growth such as economies, industry competition, technological advancements, import-export ratio, and raw material availability among others. Moreover, the same section will provide your detailed qualitative as well as quantitative analysis for each region country comprising of market size and estimations for each region/country. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. North America is anticipated to dominate the global market during upcoming years.

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Chemical Enhanced Oil Recovery (Eor / Ior) Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

Major players in the global Chemical Enhanced Oil Recovery (Eor / Ior) market are Oil Chem Technologies LLC, Champion Technologies, Halliburton Company, Huntsman Corporation, Basf SE, Tiorco LLC (Joint Venture of Nalco and Stepan Company), Schlumburger Ltd., Stepan Company, Shell Chemicals (Subsidiary of, Royal Dutch Shell Plc), The DOW Chemical Company, Baker Hughes Inc.. The global Chemical Enhanced Oil Recovery (Eor / Ior) market report analyzes competitive scenario in detail that includes extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. In addition to that, the report also covers company market share for the year 2020 along with in depth strategic developments. 

Global Chemical Enhanced Oil Recovery (Eor / Ior) Market: Key Highlights

  • The global Chemical Enhanced Oil Recovery (Eor / Ior) market was valued at USD 1.3 Billion in 2020.
  • The global Chemical Enhanced Oil Recovery (Eor / Ior) Market is projected to reach USD 1.94 Billion by 2028
  • is fueling the market growth
  • North America held the highest share of the Chemical Enhanced Oil Recovery (Eor / Ior) market in 2020.
  • Some of the major companies operating in the Chemical Enhanced Oil Recovery (Eor / Ior) market are Oil Chem Technologies LLC, Champion Technologies, Halliburton Company, Huntsman Corporation, Basf SE, Tiorco LLC (Joint Venture of Nalco and Stepan Company), Schlumburger Ltd., Stepan Company, Shell Chemicals (Subsidiary of, Royal Dutch Shell Plc), The DOW Chemical Company, Baker Hughes Inc..

FAQ
Frequently Asked Question
  • The global Chemical Enhanced Oil Recovery (Eor / Ior) valued at 1.3 Billion in 2020 and is expected to reach 1.94 Billion in 2028 growing at a CAGR of 5.1%.

  • The prominent players in the market are Oil Chem Technologies LLC, Champion Technologies, Halliburton Company, Huntsman Corporation, Basf SE, Tiorco LLC (Joint Venture of Nalco and Stepan Company), Schlumburger Ltd., Stepan Company, Shell Chemicals (Subsidiary of, Royal Dutch Shell Plc), The DOW Chemical Company, Baker Hughes Inc..

  • The market is project to grow at a CAGR of 5.1% between 2021 and 2028.

  • The driving factors of the Chemical Enhanced Oil Recovery (Eor / Ior) include

    • The methods of enhancing recovery of heavy crude oil explore has gain the importance of the enhanced oil recovery as well as demand has grown in years driven by the the increased needs to locate unconventional resources like heavy oil, bitumen and shale.
    • The growing urbanization and expansion in the industrial sector is anticipated to augment the growth of the market over the forecast period.

  • North America was the leading regional segment of the Chemical Enhanced Oil Recovery (Eor / Ior) in 2020.