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Chemical Enhanced Oil Recovery Market by Origin, Type, Technique, Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 343 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5781786
Description Jump to:
The global chemical enhanced oil recovery (EOR) market was valued at $0.9 billion in 2021, and is projected to reach $1.4 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.

Chemically enhanced oil recovery (EOR) has been adjudged as an efficient oil recovery technique to recover bypassed oil and residual oil trapped in the reservoir. This EOR method relies on the injection of chemicals to boost oil recovery.

Chemical EOR methods increase oil recovery by increasing the effectiveness of water injected into the reservoir to displace the oil. Depending on the type of chemical EOR process, chemicals injected with the water slug alter the fluid-fluid and fluid-rock interactions in the reservoir. This includes lowering the IFT between the imbibing fluid and oil or increasing the viscosity of the injectant for improved mobility and conformance control. Besides, the injected chemicals result in a wettability alteration of the rock to increase oil permeability.

The well-known traditional chemical EOR methods are polymer flooding, surfactant flooding, and alkaline flooding. However, conventional chemical EOR methods have their limitations. Polymers, whose main recovery mechanism is to increase the viscosity of injections and consequently mobility, suffer viscosity loss in the presence of reservoir brines and elevated temperature conditions.

Surfactant and alkali lose their efficiency during their flow in porous media due to adsorption phenomena. Subsequently, different modes of chemical flood injections were devised, studied, and applied for EOR processes. These include the binary mixes of alkali-surfactant (AS), surfactant/polymer (SP), alkaline/polymer (AP), and alkaline/surfactant/polymer (ASP) slug. The synergy of the combined conventional chemicals improved their efficiency during their applications in oil wells. Recently, the use of foam enhanced by surfactants and polymers for improved stability and mobility control has been studied and found to improve oil recovery.

Enhanced oil recovery (EOR) is a technology that enables the extraction of immobile oil and reduces the cost of drilling new wells. Several oil-producing companies across the globe are deploying this technology to meet national production targets and oil demand. In addition, a growing number of mature wells is likely to boost the demand for advanced technologies for the extraction of oil and lead to a surge in market growth.

The U.S. Department of Energy's Office of Fossil Energy selected five projects to receive $40 million in federal funding for cost-shared research and development projects under the funding opportunity announcement in 2019. However, decline in crude oil prices and the outbreak of the pandemic have led to a drastic drop in oil prices in 2020, leading to reductions in planned capital expenditure and cost-cutting actions by oil players across the globe. In addition, environmental concerns regarding the carbon emissions from the application of fuel led to the utilization of environment-friendly technologies for power generation and power vehicles, which will reduce the demand for oil resources and hamper the growth of the chemical enhanced oil recovery (EOR) market during the forecast period.

The global chemical enhanced oil recovery (EOR) market analysis is segmented into the origin, type, technique, and application. By origin, the market is divided into petro-based, bio-based, and water-based. By type, it is classified into water-soluble polymers, surfactants, polymer gels, biopolymers, and alkaline chemicals. By technique, it is categorized into polymer flooding, surfactant polymer flooding, alkali surfactant polymer flooding, alkali co-solvent polymer flooding, and low-tension gas flooding. By application, it is bifurcated into offshore, and onshore. By region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Key players in the chemical-enhanced oil recovery industry include Exxon Mobil Corporation, BP p.l.c., China Petroleum & Chemical Corporation, Roya Dutch Shell plc, BASF SE, Praxair Technology Inc., Chevron Corporation, Baker Hughes Inc., PJSC Lukoil Oil Company, and Petroleo Brasileiro S.A. These players have adopted various strategies to gain a higher share or retain leading positions in the market.

IMPACT OF COVID-19 ON THE GLOBAL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET

COVID-19 is an infectious disease that originated in the Hubei province of Wuhan city in China in late December 2019. It had spread to 213 countries around the globe, with the World Health Organization declaring it a public health emergency on March 11, 2020. The oil & gas industry has been negatively affected by the pandemic as most countries have imposed lockdown restrictions, leading to a decline in the sales of oil and gas. The pandemic has also severely affected the shale and heavy oil industry, which accounts for large usage of enhanced oil recovery techniques.

Despite the setbacks, the chemical enhanced oil recovery (EOR) market has shown a surge in growth due to the decline in oil resources and increased awareness of the environment. This has had a significant positive impact on the development of the market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chemical enhanced oil recovery (EOR) market analysis from 2021 to 2031 to identify the prevailing chemical enhanced oil recovery (EOR) market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the chemical enhanced oil recovery (EOR) market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global chemical enhanced oil recovery (EOR) market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Origin

  • Petro-Based
  • Bio-Based
  • Water-Based

By Type

  • Water-Soluble Polymers
  • Surfactants
  • Polymer Gels
  • Biopolymers
  • Alkaline Chemicals

By Technique

  • Polymer Flooding (PF)
  • Surfactant-Polymer (SP) Flooding
  • Alkali-Surfactant-Polymer (ASP) Flooding
  • Alkali-Co-solvent-Polymer (ACP) Flooding
  • Low Tension Gas Flooding (LTG)

By Application

  • Offshore
  • Onshore

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • BASF SE
  • Exxon Mobil Corporation
  • BP p.l.c.
  • China Petroleum & Chemical Corporation
  • Royal Dutch Shell plc
  • Praxair Technology, Inc.
  • Chevron Corporation
  • PJSC Lukoil Oil Company
  • Petroleo Brasileiro S.A.
  • Baker Hughes Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increasing number of matured wells
3.4.1.2. The Rising demand for energy security
3.4.1.3. Gradual shift towards oil recovery from reservoirs
3.4.2. Restraints
3.4.2.1. Presence Fluctuations in oil prices
3.4.2.2. The presence of alternative oil recovery technology
3.4.3. Opportunities
3.4.3.1. Extensive Investment in R&D for developing untapped resources
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Value Chain Analysis
CHAPTER 4: CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN
4.1. Overview
4.1.1. Market size and forecast
4.2. Petro-Based
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Bio-Based
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Water-Based
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Water-Soluble Polymers
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Surfactants
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Polymer Gels
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Biopolymers
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Alkaline Chemicals
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
CHAPTER 6: CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE
6.1. Overview
6.1.1. Market size and forecast
6.2. Polymer Flooding (PF)
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Surfactant-Polymer (SP) Flooding
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Alkali-Surfactant-Polymer (ASP) Flooding
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Alkali-Co-solvent-Polymer (ACP) Flooding
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Low Tension Gas Flooding (LTG)
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
CHAPTER 7: CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION
7.1. Overview
7.1.1. Market size and forecast
7.2. Offshore
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Onshore
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
CHAPTER 8: CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key trends and opportunities
8.2.2. Market size and forecast, by Origin
8.2.3. Market size and forecast, by Type
8.2.4. Market size and forecast, by Technique
8.2.5. Market size and forecast, by Application
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Key market trends, growth factors and opportunities
8.2.6.1.2. Market size and forecast, by Origin
8.2.6.1.3. Market size and forecast, by Type
8.2.6.1.4. Market size and forecast, by Technique
8.2.6.1.5. Market size and forecast, by Application
8.2.6.2. Canada
8.2.6.2.1. Key market trends, growth factors and opportunities
8.2.6.2.2. Market size and forecast, by Origin
8.2.6.2.3. Market size and forecast, by Type
8.2.6.2.4. Market size and forecast, by Technique
8.2.6.2.5. Market size and forecast, by Application
8.2.6.3. Mexico
8.2.6.3.1. Key market trends, growth factors and opportunities
8.2.6.3.2. Market size and forecast, by Origin
8.2.6.3.3. Market size and forecast, by Type
8.2.6.3.4. Market size and forecast, by Technique
8.2.6.3.5. Market size and forecast, by Application
8.3. Europe
8.3.1. Key trends and opportunities
8.3.2. Market size and forecast, by Origin
8.3.3. Market size and forecast, by Type
8.3.4. Market size and forecast, by Technique
8.3.5. Market size and forecast, by Application
8.3.6. Market size and forecast, by country
8.3.6.1. Germany
8.3.6.1.1. Key market trends, growth factors and opportunities
8.3.6.1.2. Market size and forecast, by Origin
8.3.6.1.3. Market size and forecast, by Type
8.3.6.1.4. Market size and forecast, by Technique
8.3.6.1.5. Market size and forecast, by Application
8.3.6.2. UK
8.3.6.2.1. Key market trends, growth factors and opportunities
8.3.6.2.2. Market size and forecast, by Origin
8.3.6.2.3. Market size and forecast, by Type
8.3.6.2.4. Market size and forecast, by Technique
8.3.6.2.5. Market size and forecast, by Application
8.3.6.3. France
8.3.6.3.1. Key market trends, growth factors and opportunities
8.3.6.3.2. Market size and forecast, by Origin
8.3.6.3.3. Market size and forecast, by Type
8.3.6.3.4. Market size and forecast, by Technique
8.3.6.3.5. Market size and forecast, by Application
8.3.6.4. Italy
8.3.6.4.1. Key market trends, growth factors and opportunities
8.3.6.4.2. Market size and forecast, by Origin
8.3.6.4.3. Market size and forecast, by Type
8.3.6.4.4. Market size and forecast, by Technique
8.3.6.4.5. Market size and forecast, by Application
8.3.6.5. Spain
8.3.6.5.1. Key market trends, growth factors and opportunities
8.3.6.5.2. Market size and forecast, by Origin
8.3.6.5.3. Market size and forecast, by Type
8.3.6.5.4. Market size and forecast, by Technique
8.3.6.5.5. Market size and forecast, by Application
8.3.6.6. Rest of Europe
8.3.6.6.1. Key market trends, growth factors and opportunities
8.3.6.6.2. Market size and forecast, by Origin
8.3.6.6.3. Market size and forecast, by Type
8.3.6.6.4. Market size and forecast, by Technique
8.3.6.6.5. Market size and forecast, by Application
8.4. Asia-Pacific
8.4.1. Key trends and opportunities
8.4.2. Market size and forecast, by Origin
8.4.3. Market size and forecast, by Type
8.4.4. Market size and forecast, by Technique
8.4.5. Market size and forecast, by Application
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Key market trends, growth factors and opportunities
8.4.6.1.2. Market size and forecast, by Origin
8.4.6.1.3. Market size and forecast, by Type
8.4.6.1.4. Market size and forecast, by Technique
8.4.6.1.5. Market size and forecast, by Application
8.4.6.2. Japan
8.4.6.2.1. Key market trends, growth factors and opportunities
8.4.6.2.2. Market size and forecast, by Origin
8.4.6.2.3. Market size and forecast, by Type
8.4.6.2.4. Market size and forecast, by Technique
8.4.6.2.5. Market size and forecast, by Application
8.4.6.3. India
8.4.6.3.1. Key market trends, growth factors and opportunities
8.4.6.3.2. Market size and forecast, by Origin
8.4.6.3.3. Market size and forecast, by Type
8.4.6.3.4. Market size and forecast, by Technique
8.4.6.3.5. Market size and forecast, by Application
8.4.6.4. South Korea
8.4.6.4.1. Key market trends, growth factors and opportunities
8.4.6.4.2. Market size and forecast, by Origin
8.4.6.4.3. Market size and forecast, by Type
8.4.6.4.4. Market size and forecast, by Technique
8.4.6.4.5. Market size and forecast, by Application
8.4.6.5. Australia
8.4.6.5.1. Key market trends, growth factors and opportunities
8.4.6.5.2. Market size and forecast, by Origin
8.4.6.5.3. Market size and forecast, by Type
8.4.6.5.4. Market size and forecast, by Technique
8.4.6.5.5. Market size and forecast, by Application
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Key market trends, growth factors and opportunities
8.4.6.6.2. Market size and forecast, by Origin
8.4.6.6.3. Market size and forecast, by Type
8.4.6.6.4. Market size and forecast, by Technique
8.4.6.6.5. Market size and forecast, by Application
8.5. LAMEA
8.5.1. Key trends and opportunities
8.5.2. Market size and forecast, by Origin
8.5.3. Market size and forecast, by Type
8.5.4. Market size and forecast, by Technique
8.5.5. Market size and forecast, by Application
8.5.6. Market size and forecast, by country
8.5.6.1. Brazil
8.5.6.1.1. Key market trends, growth factors and opportunities
8.5.6.1.2. Market size and forecast, by Origin
8.5.6.1.3. Market size and forecast, by Type
8.5.6.1.4. Market size and forecast, by Technique
8.5.6.1.5. Market size and forecast, by Application
8.5.6.2. Saudi Arabia
8.5.6.2.1. Key market trends, growth factors and opportunities
8.5.6.2.2. Market size and forecast, by Origin
8.5.6.2.3. Market size and forecast, by Type
8.5.6.2.4. Market size and forecast, by Technique
8.5.6.2.5. Market size and forecast, by Application
8.5.6.3. South Africa
8.5.6.3.1. Key market trends, growth factors and opportunities
8.5.6.3.2. Market size and forecast, by Origin
8.5.6.3.3. Market size and forecast, by Type
8.5.6.3.4. Market size and forecast, by Technique
8.5.6.3.5. Market size and forecast, by Application
8.5.6.4. Rest of LAMEA
8.5.6.4.1. Key market trends, growth factors and opportunities
8.5.6.4.2. Market size and forecast, by Origin
8.5.6.4.3. Market size and forecast, by Type
8.5.6.4.4. Market size and forecast, by Technique
8.5.6.4.5. Market size and forecast, by Application
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021
CHAPTER 10: COMPANY PROFILES
10.1. Exxon Mobil Corporation
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Business performance
10.1.7. Key strategic moves and developments
10.2. BP p.l.c.
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Business performance
10.3. China Petroleum & Chemical Corporation
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Business performance
10.4. Royal Dutch Shell plc
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. Business performance
10.5. BASF SE
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.5.6. Business performance
10.5.7. Key strategic moves and developments
10.6. PJSC Lukoil Oil Company
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. Business performance
10.7. Praxair Technology, Inc.
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.7.6. Business performance
10.8. Chevron Corporation
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.8.6. Business performance
10.9. Petroleo Brasileiro S.A.
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.9.6. Business performance
10.10. Baker Hughes Inc.
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Business performance
List of Tables
TABLE 01. GLOBAL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 02. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR PETRO-BASED, BY REGION, 2021-2031 ($MILLION)
TABLE 03. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR BIO-BASED, BY REGION, 2021-2031 ($MILLION)
TABLE 04. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR WATER-BASED, BY REGION, 2021-2031 ($MILLION)
TABLE 05. GLOBAL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 06. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR WATER-SOLUBLE POLYMERS, BY REGION, 2021-2031 ($MILLION)
TABLE 07. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR SURFACTANTS, BY REGION, 2021-2031 ($MILLION)
TABLE 08. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR POLYMER GELS, BY REGION, 2021-2031 ($MILLION)
TABLE 09. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR BIOPOLYMERS, BY REGION, 2021-2031 ($MILLION)
TABLE 10. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR ALKALINE CHEMICALS, BY REGION, 2021-2031 ($MILLION)
TABLE 11. GLOBAL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 12. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR POLYMER FLOODING (PF), BY REGION, 2021-2031 ($MILLION)
TABLE 13. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR SURFACTANT-POLYMER (SP) FLOODING, BY REGION, 2021-2031 ($MILLION)
TABLE 14. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR ALKALI-SURFACTANT-POLYMER (ASP) FLOODING, BY REGION, 2021-2031 ($MILLION)
TABLE 15. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR ALKALI-CO-SOLVENT-POLYMER (ACP) FLOODING, BY REGION, 2021-2031 ($MILLION)
TABLE 16. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR LOW TENSION GAS FLOODING (LTG), BY REGION, 2021-2031 ($MILLION)
TABLE 17. GLOBAL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 18. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR OFFSHORE, BY REGION, 2021-2031 ($MILLION)
TABLE 19. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR ONSHORE, BY REGION, 2021-2031 ($MILLION)
TABLE 20. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY REGION, 2021-2031 ($MILLION)
TABLE 21. NORTH AMERICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 22. NORTH AMERICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 23. NORTH AMERICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 24. NORTH AMERICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 25. NORTH AMERICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 26. U.S. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 27. U.S. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 28. U.S. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 29. U.S. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 30. CANADA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 31. CANADA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 32. CANADA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 33. CANADA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 34. MEXICO CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 35. MEXICO CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 36. MEXICO CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 37. MEXICO CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 38. EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 39. EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 40. EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 41. EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 42. EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 43. GERMANY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 44. GERMANY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 45. GERMANY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 46. GERMANY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 47. UK CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 48. UK CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 49. UK CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 50. UK CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 51. FRANCE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 52. FRANCE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 53. FRANCE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 54. FRANCE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 55. ITALY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 56. ITALY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 57. ITALY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 58. ITALY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 59. SPAIN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 60. SPAIN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 61. SPAIN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 62. SPAIN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 63. REST OF EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 64. REST OF EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 65. REST OF EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 66. REST OF EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 67. ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 68. ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 69. ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 70. ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 71. ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 72. CHINA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 73. CHINA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 74. CHINA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 75. CHINA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 76. JAPAN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 77. JAPAN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 78. JAPAN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 79. JAPAN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 80. INDIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 81. INDIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 82. INDIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 83. INDIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 84. SOUTH KOREA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 85. SOUTH KOREA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 86. SOUTH KOREA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 87. SOUTH KOREA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 88. AUSTRALIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 89. AUSTRALIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 90. AUSTRALIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 91. AUSTRALIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 92. REST OF ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 93. REST OF ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 94. REST OF ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 95. REST OF ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 96. LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 97. LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 98. LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 99. LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 100. LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 101. BRAZIL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 102. BRAZIL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 103. BRAZIL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 104. BRAZIL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 105. SAUDI ARABIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 106. SAUDI ARABIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 107. SAUDI ARABIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 108. SAUDI ARABIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 109. SOUTH AFRICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 110. SOUTH AFRICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 111. SOUTH AFRICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 112. SOUTH AFRICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 113. REST OF LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021-2031 ($MILLION)
TABLE 114. REST OF LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021-2031 ($MILLION)
TABLE 115. REST OF LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021-2031 ($MILLION)
TABLE 116. REST OF LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 117. EXXON MOBIL CORPORATION: KEY EXECUTIVES
TABLE 118. EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
TABLE 119. EXXON MOBIL CORPORATION: SERVICE SEGMENTS
TABLE 120. EXXON MOBIL CORPORATION: PRODUCT PORTFOLIO
TABLE 121. EXXON MOBIL CORPORATION: KEY STRATERGIES
TABLE 122. BP P. L. C.: KEY EXECUTIVES
TABLE 123. BP P. L. C.: COMPANY SNAPSHOT
TABLE 124. BP P. L. C.: SERVICE SEGMENTS
TABLE 125. BP P. L. C.: PRODUCT PORTFOLIO
TABLE 126. CHINA PETROLEUM & CHEMICAL CORPORATION: KEY EXECUTIVES
TABLE 127. CHINA PETROLEUM & CHEMICAL CORPORATION: COMPANY SNAPSHOT
TABLE 128. CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCT SEGMENTS
TABLE 129. CHINA PETROLEUM & CHEMICAL CORPORATION: PRODUCT PORTFOLIO
TABLE 130. ROYAL DUTCH SHELL PLC: KEY EXECUTIVES
TABLE 131. ROYAL DUTCH SHELL PLC: COMPANY SNAPSHOT
TABLE 132. ROYAL DUTCH SHELL PLC: PRODUCT SEGMENTS
TABLE 133. ROYAL DUTCH SHELL PLC: PRODUCT PORTFOLIO
TABLE 134. BASF SE: KEY EXECUTIVES
TABLE 135. BASF SE: COMPANY SNAPSHOT
TABLE 136. BASF SE: PRODUCT SEGMENTS
TABLE 137. BASF SE: PRODUCT PORTFOLIO
TABLE 138. BASF SE: KEY STRATERGIES
TABLE 139. PJSC LUKOIL OIL COMPANY: KEY EXECUTIVES
TABLE 140. PJSC LUKOIL OIL COMPANY: COMPANY SNAPSHOT
TABLE 141. PJSC LUKOIL OIL COMPANY: PRODUCT SEGMENTS
TABLE 142. PJSC LUKOIL OIL COMPANY: PRODUCT PORTFOLIO
TABLE 143. PRAXAIR TECHNOLOGY, INC.: KEY EXECUTIVES
TABLE 144. PRAXAIR TECHNOLOGY, INC.: COMPANY SNAPSHOT
TABLE 145. PRAXAIR TECHNOLOGY, INC.: PRODUCT SEGMENTS
TABLE 146. PRAXAIR TECHNOLOGY, INC.: PRODUCT PORTFOLIO
TABLE 147. CHEVRON CORPORATION: KEY EXECUTIVES
TABLE 148. CHEVRON CORPORATION: COMPANY SNAPSHOT
TABLE 149. CHEVRON CORPORATION: PRODUCT SEGMENTS
TABLE 150. CHEVRON CORPORATION: PRODUCT PORTFOLIO
TABLE 151. PETROLEO BRASILEIRO S. A.: KEY EXECUTIVES
TABLE 152. PETROLEO BRASILEIRO S. A.: COMPANY SNAPSHOT
TABLE 153. PETROLEO BRASILEIRO S. A.: PRODUCT SEGMENTS
TABLE 154. PETROLEO BRASILEIRO S. A.: PRODUCT PORTFOLIO
TABLE 155. BAKER HUGHES INC.: KEY EXECUTIVES
TABLE 156. BAKER HUGHES INC.: COMPANY SNAPSHOT
TABLE 157. BAKER HUGHES INC.: PRODUCT SEGMENTS
TABLE 158. BAKER HUGHES INC.: PRODUCT PORTFOLIO
List of Figures
FIGURE 01. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET (2022-2031)
FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 05. LOW BARGAINING POWER OF BUYERS
FIGURE 06. LOW THREAT OF SUBSTITUTES
FIGURE 07. LOW THREAT OF NEW ENTRANTS
FIGURE 08. LOW INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALCHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET
FIGURE 10. IMPACT OF KEY REGULATION: CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET
FIGURE 11. VALUE CHAIN ANALYSIS: CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET
FIGURE 12. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY ORIGIN, 2021 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR PETRO-BASED, BY COUNTRY 2021-2031 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR BIO-BASED, BY COUNTRY 2021-2031 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR WATER-BASED, BY COUNTRY 2021-2031 (%)
FIGURE 16. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TYPE, 2021 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR WATER-SOLUBLE POLYMERS, BY COUNTRY 2021-2031 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR SURFACTANTS, BY COUNTRY 2021-2031 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR POLYMER GELS, BY COUNTRY 2021-2031 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR BIOPOLYMERS, BY COUNTRY 2021-2031 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR ALKALINE CHEMICALS, BY COUNTRY 2021-2031 (%)
FIGURE 22. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY TECHNIQUE, 2021 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR POLYMER FLOODING (PF), BY COUNTRY 2021-2031 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR SURFACTANT-POLYMER (SP) FLOODING, BY COUNTRY 2021-2031 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR ALKALI-SURFACTANT-POLYMER (ASP) FLOODING, BY COUNTRY 2021-2031 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR ALKALI-CO-SOLVENT-POLYMER (ACP) FLOODING, BY COUNTRY 2021-2031 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR LOW TENSION GAS FLOODING (LTG), BY COUNTRY 2021-2031 (%)
FIGURE 28. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, BY APPLICATION, 2021 (%)
FIGURE 29. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR OFFSHORE, BY COUNTRY 2021-2031 (%)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET FOR ONSHORE, BY COUNTRY 2021-2031 (%)
FIGURE 31. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET BY REGION, 2021
FIGURE 32. U.S. CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 33. CANADA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 34. MEXICO CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 35. GERMANY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 36. UK CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 37. FRANCE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 38. ITALY CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 39. SPAIN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 40. REST OF EUROPE CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 41. CHINA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 42. JAPAN CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 43. INDIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 44. SOUTH KOREA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 45. AUSTRALIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 46. REST OF ASIA-PACIFIC CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 47. BRAZIL CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 48. SAUDI ARABIA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 49. SOUTH AFRICA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 50. REST OF LAMEA CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET, 2021-2031 ($MILLION)
FIGURE 51. TOP WINNING STRATEGIES, BY YEAR
FIGURE 52. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 53. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 54. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 55. COMPETITIVE DASHBOARD
FIGURE 56. COMPETITIVE HEATMAP: CHEMICAL ENHANCED OIL RECOVERY (EOR) MARKET
FIGURE 57. TOP PLAYER POSITIONING, 2021
FIGURE 58. EXXON MOBIL CORPORATION: NET SALES, 2019-2021 ($MILLION)
FIGURE 59. EXXON MOBIL CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 60. EXXON MOBIL CORPORATION: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 61. BP P. L. C.: SALES REVENUE, 2019-2021 ($MILLION)
FIGURE 62. BP P. L. C.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 63. BP P. L. C.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 64. CHINA PETROLEUM & CHEMICAL CORPORATION: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 65. CHINA PETROLEUM & CHEMICAL CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 66. CHINA PETROLEUM & CHEMICAL CORPORATION: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 67. ROYAL DUTCH SHELL PLC: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 68. ROYAL DUTCH SHELL PLC: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 69. ROYAL DUTCH SHELL PLC: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 70. BASF SE: NET SALES, 2019-2021 ($MILLION)
FIGURE 71. BASF SE: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 72. BASF SE: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 73. PJSC LUKOIL OIL COMPANY: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 74. PJSC LUKOIL OIL COMPANY: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 75. PJSC LUKOIL OIL COMPANY: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 76. PRAXAIR TECHNOLOGY, INC.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 77. PRAXAIR TECHNOLOGY, INC.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 78. CHEVRON CORPORATION: NET SALES, 2019-2021 ($MILLION)
FIGURE 79. CHEVRON CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 80. CHEVRON CORPORATION: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 81. PETROLEO BRASILEIRO S. A.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 82. PETROLEO BRASILEIRO S. A.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 83. PETROLEO BRASILEIRO S. A.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 84. PETROLEO BRASILEIRO S. A.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 85. BAKER HUGHES INC.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 86. BAKER HUGHES INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 87. BAKER HUGHES INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 88. BAKER HUGHES INC.: REVENUE SHARE BY REGION, 2021 (%)

Executive Summary

According to the report titled, “Chemical Enhanced Oil Recovery (EOR) Market," the chemical enhanced oil recovery (EOR) market was valued at $0.9 billion in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.

Chemical Enhanced Oil Recovery (EOR) is a method of increasing the efficiency of oil extraction from reservoirs by injecting certain chemicals into the well. The injected chemicals alter the properties of the reservoir fluids, such as reducing the viscosity of the oil, increasing its mobility, and improving the oil's ability to flow toward the production well. This can lead to a significant increase in oil production and can extend the life of an oil field. There are different types of chemical EOR techniques, including polymer flooding, surfactant flooding, and alkaline flooding, each with its own set of chemical additives and injection methods. Chemically EOR is often used in mature oil fields where conventional extraction methods have reached their limits, and it is a key technology for maximizing oil recovery.

Enhanced oil recovery (EOR) technology has emerged as a viable solution to extract immobile oil and reduce the cost of drilling new wells, providing a significant boost to the global oil industry. EOR technology has enabled oil-producing companies to meet national production targets and oil demand, with the potential to prolong the life of wells in proven or portable oil fields. Chemical enhanced oil recovery is one of the most promising EOR methods that can increase oil production from mature and aged oil fields by almost 10 to 20% when compared to conventional oil extraction methods.

The market for chemical enhanced oil recovery is driven by the surge in the number of mature wells worldwide, which require advanced technologies for the extraction of oil. The technology allows the extraction of immobile oil and reduces the cost of drilling new wells. As a result, several oil-producing companies worldwide are deploying chemical enhanced oil recovery technology to meet national production targets and oil demand.

Chemical enhanced oil recovery technology is inherently complex and requires highly skilled professionals, stepwise implementation and integration of R&D commitment, and risk-bearing capacity. The abovementioned challenges may hinder the growth of the market.

The global chemical enhanced oil recovery (EOR) market analysis is segmented into the origin, type, technique, and application. By origin, the market is divided into petro-based, bio-based, and water-based. By type, it is classified into water-soluble polymers, surfactants, polymer gels, biopolymers, and alkaline chemicals. By technique, it is categorized into polymer flooding, surfactant polymer flooding, alkali surfactant polymer flooding, alkali co-solvent polymer flooding, and low-tension gas flooding. By application, it is bifurcated into offshore, and onshore. By region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Key players in the chemical enhanced oil recovery industry include Exxon Mobil Corporation, BP p.l.c., China Petroleum & Chemical Corporation, Roya Dutch Shell plc, BASF SE, Praxair Technology Inc., Chevron Corporation, Baker Hughes Inc., PJSC Lukoil Oil Company, and Petroleo Brasileiro S.A. These players have adopted various strategies to gain a higher share or retain leading positions in the market.

Key Findings of the Study

  • On the basis of origin, the water-based segment emerged as the global leader by acquiring more than half of the Chemical enhanced oil recovery (EOR) market share in 2021 and is anticipated to continue this trend during the forecast period.
  • On the basis of type, the alkaline chemicals segment emerged as the global leader by acquiring approximately half of the Chemical enhanced oil recovery (EOR) market share in 2021 and is anticipated to continue this trend during the forecast period.
  • On the basis of technique, the surfactant polymer flooding segment emerged as the global leader by acquiring more than 1/3rd of the Chemical enhanced oil recovery (EOR) market share in 2021 and is anticipated to continue this trend during the forecast period.
  • On the basis of application, the onshore segment emerged as the largest market share in 2021 which accounted for approximately 3/4th of global market share and is anticipated to continue this trend during the forecast period.
  • On the basis of region, North America is the major consumer of Chemical enhanced oil recovery (EOR) among other regions. It accounted for approximately 2/5th of the global market share in 2021.

COVID-19 Impact Analysis

  • The chemical enhanced oil recovery (EOR) market has faced several challenges due to the COVID-19 pandemic. The pandemic has disrupted the global oil and gas industry, leading to a decline in oil demand and prices, which has resulted in reduced investments in the industry, including chemical EOR projects. The reduction in investments in EOR projects has slowed down the growth of the chemical EOR market.
  • The pandemic has also caused disruptions in the global supply chain, including the availability of chemicals and other materials used in EOR operations. The delays in the availability of these materials have increased the project timelines and costs for chemical EOR operators. However, the implementation of digital technologies and remote monitoring systems and the increasing demand for energy is expected to drive the growth of the market in the long term.

Companies Mentioned

  • BASF SE
  • Exxon Mobil Corporation
  • BP p.l.c.
  • China Petroleum & Chemical Corporation
  • Royal Dutch Shell plc
  • Praxair Technology, Inc.
  • Chevron Corporation
  • PJSC Lukoil Oil Company
  • Petroleo Brasileiro S.A.
  • Baker Hughes Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages343
PublishedFebruary 2023
Forecast Period2021 - 2031
Estimated Market Value ( USD ) in 2021 $ 0.9 billion
Forecasted Market Value ( USD ) by 2031 $ 1.4 billion
Compound Annual Growth Rate4.5%
Regions CoveredGlobal
No. of Companies Mentioned10

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