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