Enhanced oil recovery (EOR) is used to enhance the recovery of hydrocarbons from the well. There are various types of enhance oil recovery chemicals. They are surfactants, water-soluble polymers, polymer gels, alkaline chemicals, biopolymers, and others. These chemicals aid in achieving optimum performance and increase the effectiveness of oil recovery. The report on the global market of chemical enhanced oil recovery states that the market is expected to hold a bright future. The report elaborates on driver and constraints of the market. Trends and opportunities of the market are also highlighted in the report.
Enhanced oil recovery chemicals are extensively used in oilfield operations, especially to improve well performance. This results in the active recovery from oil reserves. The ability of EOR to amplify productivity is expected to surge the growth of its market. The enhanced oil recovery can be used via different techniques, such as surfactant polymer flooding, alkaline surfactant polymer flooding, and polymer flooding. Continuous technological advancements and the availability of different types of techniques are expected to upscale the chemical enhanced oil recovery chemicals market in the years to come.
Additional factors, such as a rise in oil production, need to extract oils from technologically challenging hydrocarbon geologies, and the need for better extraction procedures are factors that are likely to support the expansion of the chemical EOR market. Increase in the production of crude oil, surge in deep drilling activities, and the growing demand for EOR processes are likely to gain considerable traction for the market. As the number of onshore activities is increasing due to the rise in crude oil production, be it from mature or declining reserves, EOR process are highly in use. This is expected to gain grounds for the market to flourish.
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Key Players:
BASF
DuPont
Baker Hughes
Halliburton
Schlumberger
…
Market Segmental Study
The global market of chemical enhanced oil recovery oil segmental study is done by type, technique, origin, and application. The type-based segments of the market are surfactants, water soluble polymers, polymer gels, biopolymers, alkaline chemicals, and others. The origin-based segments of the market are, petro-based and bio-based. The technique-based segments are surfactant polymer flooding, alkaline surfactant polymer flooding, and polymer flooding. The application-based segments are offshore and
onshore.
Detailed Regional Analysis
The chemical enhanced oil recovery market in North America is estimated to grow rapidly. The growing focus on optimization of oil production processes from difficult terrains and mature reserves is creating scope for the EOR market in North America to expand. The regional market is also likely to be driven by the need for better effectiveness in the production of crude oil, and the growing number of deep drilling activities. In Asia Pacific, the chemical EOR market is anticipated to experience a decent growth owing to the presence of potential drivers, such as increase in oil exploration activities, increase in the identification of oil refinery sites, and others. In Europe, the market is expected to grow steadily in the years to come.
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Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
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