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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:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • By Technique Polymer Flooding, Surfactant Polymer flooding, Surfactant flooding, Alkaline Flooding, Alkaline Flooding, Others
  • By Application Bypass Oil, Residual Oil
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 1.3 Billion
Revenue 2028Revenue 2028: 1.94 Billion
Revenue CAGRRevenue CAGR (2021 - 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

Research Methodology: Chemical Enhanced Oil Recovery (Eor / Ior) Market - Global Market Assessment, 2021 - 2028

The global Chemical Enhanced Oil Recovery (Eor / Ior)market research study involves reliable research methodology to arrive at the market estimations and forecasts. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Moreover, the information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market. 

Secondary Research

Primary Research:

The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Chemical Enhanced Oil Recovery (Eor / Ior) supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:

  • Chemical Enhanced Oil Recovery (Eor / Ior) market size at regional and country level
  • Market size and forecast by , , and 
  • Key industry players and their market share and Chemical Enhanced Oil Recovery (Eor / Ior) market-specific sales/revenue
  • Understanding market developments, future growth prospects, and upcoming challenges
  • Overview of the Chemical Enhanced Oil Recovery (Eor / Ior) supply chain and overall ecosystem

Data Triangulation and Market Size Estimations

After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Chemical Enhanced Oil Recovery (Eor / Ior) market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market.  The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Chemical Enhanced Oil Recovery (Eor / Ior) market. 

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.