Global Enhanced Oil Recovery Market Growth (Status and Outlook) 2023-2029

Global Enhanced Oil Recovery Market Growth (Status and Outlook) 2023-2029

Enhanced oil recovery (abbreviated EOR), also called tertiary recovery, is the extraction of crude oil from an oil field that cannot be extracted otherwise.

EOR production is considered as a project in itself and requires a large number of equipment and packages. Studies, pilot projects, engineering design, equipment procurement, feedstock planning, drilling and other materials, play important role in EOR projects. Upfront capital costs in EOR projects are significant. Each link is very complicated, so it is difficult to calculate all the income generated by the EOR project. In addition, because some expenditures come from the oilfield developers themselves, this part of revenue is considered as the operating costs of the oilfield developers themselves. It is therefore necessary to explain the scope of the data reported.
LPI (LP Information)' newest research report, the “Enhanced Oil Recovery Industry Forecast” looks at past sales and reviews total world Enhanced Oil Recovery sales in 2022, providing a comprehensive analysis by region and market sector of projected Enhanced Oil Recovery sales for 2023 through 2029. With Enhanced Oil Recovery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Enhanced Oil Recovery industry.
This Insight Report provides a comprehensive analysis of the global Enhanced Oil Recovery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Enhanced Oil Recovery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Enhanced Oil Recovery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Enhanced Oil Recovery and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Enhanced Oil Recovery.
The global Enhanced Oil Recovery market size is projected to grow from US$ 3685.1 million in 2022 to US$ 5036.6 million in 2029; it is expected to grow at a CAGR of 4.6% from 2023 to 2029.
The industry's leading producers are Linde Group, Air Liquid and PetroChina Daqing, with revenues of 36.29%, 11.60% and 11.30% respectively in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Enhanced Oil Recovery market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
CO2 Enhanced Oil Recovery
Nitrogen Enhanced Oil Recovery
Polymer Flooding
Surfactant Flooding
Alkaline Flooding
Micellar Flooding
Others
Segmentation by application
Onshore
Offshore
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Linde Group
Air Liquid
PetroChina Daqing
Air Products
SNF Group
Bejing Hengju
BASF
Nalco Champion
Shandong Polymer Bio-chemicals
Stepan
Schlumberger
Kemira
Solvay

Please note: The report will take approximately 2 business days to prepare and deliver.