Chemical Enhanced Oil Recovery Market Analysis & Forecast 2024-2030

Chemical Enhanced Oil Recovery Market Report by Product Type (Polymer, Surfactant, ASP ) by Application /End User (Onshore, Offshore ) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)

Report Code: PSMR- 1178          Category: Chemical & Materials          Region :  Global         Report Format :                  

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     Table of Contents

    Global Chemical Enhanced Oil Recovery Market is expected to reach USD 15577.39 million by 2030 with CAGR of 6.1% between 2024 and 2030

    Chemical enhanced oil recovery is an advanced technology that addresses the mechanisms that is used to extract crude oil that cannot be extracted through conventional technologies from oil reservoirs. The success of a chemical enhanced oil recovery operation relies on the proper uses of advanced chemicals like surfactants and polymers, etc. Chemical enhanced oil recovery uses specifically designed formulations which create a micro emulsion with crude oil for reservoir conditions.  


    There are different types of chemical enhanced oil recovery techniques which includes polymer flooding (PF), surfactant-polymer (SP) flooding, alkali-surfactant-polymer (ASP) flooding, alkali-co-solvent-polymer (ACP) flooding, and low tension gas flooding (LTG). Chemical enhanced oil recovery has gained significance in the industry over the last few decades due to increasing number of mature wells and huge investment in R&D activities for new technology development to improve the petroleum liquids recovery process are expected to result in remarkable growth of the industry.  


    Chemical enhanced oil recovery techniques are used for crude oil extraction as they evolving and getting better with time due to innovations and experience. Also low cost chemicals with improved quality as compared to price of crude oil are driving this market. Hybrid processes have been developed and continue to improve for low tension gas flooding, surfactants combined with heat, polymers combined with smart water and gravity stable surfactant floods also boosting the market.  


    Chemical enhanced oil recovery techniques are used in favorable geology as indicated by good water flood performance, single and inter well tracers, Even at higher oil viscosity when combined with heating (hot water, electrical heating), in reservoirs having temperatures up to 250°F also in reservoirs salinities up to 250,000 ppm TDS. North America is the largest chemical enhanced oil recovery market while Asia Pacific is estimated to grow with the fastest CAGR during the forecast period as India and China are expected to observe a remarkable growth in coming decade.  


    Chemical Enhanced Oil Recovery Market : Product Type

    • Polymer
    • Surfactant
    • ASP

    Chemical Enhanced Oil Recovery Market : Application

    • Onshore
    • Offshore

    Global Chemical Enhanced Oil Recovery Market : Competitive Analysis

    Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Chemical Enhanced Oil Recovery Market:

    • SNF
    • Kemira
    • Stepan
    • Nalco Champion
    • BASF
    • Baker Hughes
    • Solvay
    • Dow
    • Clariant
    • Shell Chemicals
    • Huntsman
    • Halliburton
    • Schlumberger

    Geographical analysis of Chemical Enhanced Oil Recovery Market:

    • North America
      • U.S.A
      • Canada
    • Europe
      • France
      • Germany
      • Spain
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South East Asia
    • Latin America
      • Brazil
    • Middle East and Africa

    Global Chemical Enhanced Oil Recovery Market Report delivers a comprehensive analysis of the following parameters:

    • Market Forecast for 2024-2030
    • Market growth drivers
    • Challenges and Opportunities
    • Emerging and Current market trends
    • Market player Capacity, Production, Revenue (Value)
    • Supply (Production), Consumption, Export, Import analysis
    • End user/application Analysis

    Report Coverage

    Parameters Details

    Base Year

    2023

    Historical Data

    2018-2023

    Forecast Data

    2024-2030

    Base Year Value (2023)

    USD 10291.7 million

    Forecast Value (2030)

    USD 15577.39 million

    CAGR (2022 to 2028)

    6.1 %

    Regional Scope

    North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW


    Frequently Asked Questions (FAQ)


    Chemical Enhanced Oil Recovery Market was valued at around USD 10291.7 million in 2023 & estimated to reach USD 15577.39 million by 2030.




    Chemical Enhanced Oil Recovery Market is likely to grow at compounded annual growth rate (CAGR) of 6.1% between 2024 to 2030.












    Yes, the report includes COVID 19 impact on the market.



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