Enhanced Oil Recovery Market

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.

Enhanced Oil Recovery Market contains market size and forecasts of Enhanced Oil Recovery in Global, including the following market information:

Global Enhanced Oil Recovery Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Enhanced Oil Recovery market was valued at 3876.1 million in 2021 and is projected to reach US$ 5173.4 million by 2028, at a CAGR of 4.2% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

CO2 Enhanced Oil Recovery Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Enhanced Oil Recovery include Linde Group, Air Liquid, PetroChina Daqing, Air Products, SNF Group, Bejing Hengju, BASF, Nalco Champion and Shandong Polymer Bio-chemicals, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Enhanced Oil Recovery companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Enhanced Oil Recovery Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Enhanced Oil Recovery Market Segment Percentages, by Type, 2021 (%)

CO2 Enhanced Oil Recovery

Nitrogen Enhanced Oil Recovery

Polymer Flooding

Surfactant Flooding

Alkaline Flooding

Micellar Flooding

Others

Global Enhanced Oil Recovery Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Enhanced Oil Recovery Market Segment Percentages, by Application, 2021 (%)

Onshore

Offshore

Global Enhanced Oil Recovery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Enhanced Oil Recovery Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Enhanced Oil Recovery revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Enhanced Oil Recovery revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Linde Group

Air Liquid

PetroChina Daqing

Air Products

SNF Group

Bejing Hengju

BASF

Nalco Champion

Shandong Polymer Bio-chemicals

Stepan

Schlumberger

Kemira

Solvay