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Chemical Enhanced Oil Recovery (EOR / IOR) Market worth $891.02 Million by 2020
The report "Chemical Enhanced Oil Recovery (EOR / IOR) Market by Origin (Petro-based, & Bio-based), by Type (Surfactants, Water soluble polymers, Polymer gels, Biopolymers, Alkaline chemicals), by Technique (Polymer flooding, Surfactant-polymer flooding, Alkaline surfactant polymer flooding), by Application (Onshore, & Offshore) - Regional Trend & Forecast to 2020” defines and segments the EOR chemicals market with an analysis and forecast of applications, type, origin, and technique. EOR chemicals are manufactured mainly using three major techniques: polymer flooding, surfactant polymer flooding, and alkaline surfactant polymer flooding. Along with this, the applications of EOR chemicals market are in the onshore and offshore oil extractions; region-wise analysis is also discussed.
Browse 95 market data tables and 53 figures spread through 150 pages and in-depth TOC on “Chemical Enhanced Oil Recovery (EOR / IOR) Market by Origin (Petro-based, & Bio-based), by Type (Surfactants, Water soluble polymers, Polymer gels, Biopolymers, Alkaline chemicals), by Technique (Polymer flooding, Surfactant-polymer flooding, Alkaline surfactant polymer flooding), by Application (Onshore, & Offshore) - Regional Trend & Forecast to 2020"
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It also identifies the driving and restraining factors for the EOR chemicals market with an analysis of trends and opportunities. The market is segmented and the value has been forecast on the basis of key regions, such as North America, Europe, Asia, Africa, and Central & South America.
North America is the fastest growing region for chemical EOR market
The chemical EOR market is segmented into two key applications markets: onshore and offshore. Onshore is the largest application for EOR chemicals accounting for majority of the market share.
Global EOR chemicals market size to reach $891.02 Million by 2020
The market size for EOR chemicals is projected to reach $891.02 Million by 2020, at a CAGR of 5.00% between 2015 and 2020. North America dominated the EOR chemicals market in 2014. It is projected to remain the major market by 2020, growing at a CAGR of 5.02% between 2015 and 2020.
Polymer flooding is the majorly used technique for EOR chemicals and alkaline surfactant polymer accounted for the lowest market share in 2014
Polymer flooding held the major share in the EOR chemicals market by technique in 2014 and the trend is projected to continue by 2020. Surfactant polymer flooding is estimated to hold the second biggest market for the chemical EOR in 2014.
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