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 2018–2026.

The global chemical enhanced oil recovery market is valued at USD 6.1 billion in 2016 and is expected to reach USD 12.3 billion by the end of 2026, growing at a CAGR of 6.1 % between 2017 and 2025.
 

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.
 

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 Global Chemical Enhanced Oil Recovery Market:
• SNF
• Kemira
• Stepan
• Nalco Champion
• BASF
• Baker Hughes
• Solvay
• Dow
• Clariant
• Schlumberger
• Shell Chemicals
• Huntsman
• Halliburton
 

Geographical analysis of Chemical Enhanced Oil Recovery Market :

• North America
• Europe
• China
• Japan
• Southeast Asia
• India