Apr 26, 2019   SOURCE: BusinessWire

The Worldwide Market for Enhanced Oil Recovery (EOR) 2019-2024: Projecting a CAGR of 16% during the Forecast Period - ResearchAndMarkets.com

The "Enhanced Oil Recovery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global enhanced oil recovery (EOR) market is currently witnessing robust growth. Looking forward, the market is projected to grow at a CAGR of 16% during 2019-2024.

As primary and secondary oil recovery methods can leave up to 75% of the oil in the reservoir, oil extracting companies have started relying on EOR or tertiary oil recovery methods. Thermal recovery, gas injection and chemical injection are the most commonly used EOR techniques across the globe. Although most of the EOR technologies are currently used offshore, oil companies are developing technologies to expand onshore EOR methods.

Market Drivers

Over the past few years, the rapid depletion of fossil fuels has contributed to the increasing application of EOR technologies in the oil and gas industry. The rising demand for oil has further added to the growing demand for EOR worldwide.

In addition, several governments around the world are taking initiatives for utilizing advanced technologies for oil extraction to achieve higher profits from existing oil and gas fields. For example, countries like China and India are offering financial incentives to attract multinational companies to invest in the enhanced oil recovery market.

In line with this, various companies all over the world are engaging in R&D activities to improve oil recovery. For instance, British Petroleum has developed advanced techniques that can extract oil using thermally activated microscopic particles which expand deep into the reservoir.

Key Questions Answered

  • How has the global enhanced oil recovery market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global enhanced oil recovery industry?
  • What is the breakup of the global enhanced oil recovery market based on the technology?
  • What is the breakup of the global enhanced oil recovery market based on the application?
  • What are the various stages in the value chain of the global enhanced oil recovery market?
  • What are the key driving factors and challenges in the global enhanced oil recovery market?
  • What is the structure of the global enhanced oil recovery market and who are the key players?
  • What is the degree of competition in the global enhanced oil recovery market?

Topics Covered

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Enhanced Oil Recovery Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Technology

5.4 Market Breakup by Application

5.5 Market Breakup by Region

5.6 Market Forecast

6 Market Breakup by Technology

6.1 Thermal-Enhanced Oil Recovery

6.2 Gas-Enhanced Oil Recovery

6.3 Chemical-Enhanced Oil Recovery

6.4 Others

7 Market Breakup by Application

7.1 Onshore

7.2 Offshore

8 Market Breakup by Region

8.1 North America

8.2 Europe

8.3 Asia Pacific

8.4 Middle East and Africa

8.5 Latin America

9 SWOT Analysis

10 Value Chain Analysis

10.1 Overview

10.2 Research and Development

10.3 Raw Material Procurement

10.4 Manufacturing

10.5 Marketing

10.6 Distribution

10.7 End-Use

11 Porters Five Forces Analysis

12 Competitive Landscape

12.1 Market Structure

12.2 Key Players

12.3 Profiles of Key Players

12.3.1 BASF SE

12.3.2 Halliburton Corporation

12.3.3 Royal Dutch Shell PLC

12.3.4 Schlumberger Ltd.

12.3.5 Chevron Phillips Chemical Corporation

12.3.6 Fmc Technologies Inc.

12.3.7 NALCO Company

12.3.8 Praxair Technology Inc.

12.3.9 Secure Energy Services Inc.

12.3.10 Xytel Corporation

12.3.11 Praxair Technology Inc.

12.3.12 Statoil ASA

12.3.13 BP PLC

12.3.14 China Petroleum & Chemical Corporation

12.3.15 Oil and Natural Gas Corporation Ltd.

12.3.16 ExxonMobil Corporation

12.3.17 ConocoPhillips

12.3.18 Petroleo Brasileiro S.A.

12.3.19 Lukoil Oil Co.

For more information about this report visit https://www.researchandmarkets.com/r/oejj4