As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
|
|
|
|
|
|
|
|
|
Market Outlook
The global enhanced oil recovery market size reached USD 60.1 billion in 2019 and is expected to grow over the 2020-2025 forecast period at a CAGR of 7.2%. Factors expected to drive the growth of the market are the increase in the number of aged wells, coupled with the growing demand for oil.
Get a Free Sample Report with Table of Content - Download Now
Properties and Applications
Enhanced recovery of oil, also known as tertiary recovery, is the removal of crude oil from an oil field that cannot otherwise be extracted. Enhanced oil recovery can extract 30% to 60% or more of the oil of a reservoir, compared to 20% to 40%.
The enhanced oil recovery market can be segmented into technology, chemical outlook, and application.
The industry can be broadly categorised based on its technology into:
The industry can be divided based on its chemical outlook as:
On the basis of application, the industry can be divided as:
The EMR report looks into the regional enhanced oil recovery markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
Market Analysis
Enhanced oil recovery is a method of chemical, thermal, or physical mobilization of immobile residual oil. Tertiary recovery is needed for the production of liquid hydrocarbons using different methods like reservoir re-pressurizing techniques or artificial airlifts, which during the forecast period will increase the market growth. Companies are trying to improve infrastructure and technology to extract oil from reservoirs as demand for oil is anticipated to accelerate in the years ahead. Because of the challenge of processing crude from onshore sources, companies have also begun extracting oil from offshore sources, which will have a positive impact on the industry growth. As crude oil prices fluctuate dramatically, it is difficult for oilfield service companies to maintain cash flows and overall profitability, which may hinder the growth of the market. Nevertheless, companies are investing heavily in R&D activities to develop better assets, produce oil as quickly as possible, and prepare a better strategy for the recovery of the market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global enhanced oil recovery market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Report:
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Enhanced Oil Recovery Market Analysis
6.1 Global Enhanced Oil Recovery Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Global Enhanced Oil Recovery Market Breakup by Technology
6.2.1 Thermal
6.2.2 Gas Injection
6.2.3 Chemical
6.2.4 Other
6.3 Global Enhanced Oil Recovery Market Breakup by Technology: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Thermal
6.3.2 Gas Injection
6.3.3 Chemical
6.3.4 Other
6.4 Global Enhanced Oil Recovery Market Breakup by Chemical Outlook
6.4.1 Surfactants
6.4.2 Polymers
6.4.3 Alkaline Chemicals
6.4.4 Alkali-Surfactant-Polymer (ASP) Formulations
6.4.5 Foamers
6.4.6 Others
6.5 Global Enhanced Oil Recovery Market Breakup by Chemical Outlook: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Surfactants
6.5.2 Polymers
6.5.3 Alkaline Chemicals
6.5.4 Alkali-Surfactant-Polymer (ASP) Formulations
6.5.5 Foamers
6.5.6 Others
6.6 Global Enhanced Oil Recovery Market by Application
6.6.1 Onshore
6.6.2 Offshore
6.7 Global Enhanced Oil Recovery Market by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Onshore
6.7.2 Offshore
6.8 Global Enhanced Oil Recovery Market by Region
6.8.1 North America
6.8.1.1 United States of America
6.8.1.2 Canada
6.8.2 Europe
6.8.2.1 Germany
6.8.2.2 United Kingdom
6.8.2.3 France
6.8.2.4 Italy
6.8.2.5 Others
6.8.3 Asia Pacific
6.8.3.1 China
6.8.3.2 Japan
6.8.3.3 India
6.8.3.4 ASEAN
6.8.3.5 Others
6.8.4 Latin America
6.8.4.1 Brazil
6.8.4.2 Argentina
6.8.4.3 Mexico
6.8.4.4 Others
6.8.5 Middle East & Africa
6.8.5.1 Saudi Arabia
6.8.5.2 United Arab Emirates
6.8.5.3 Nigeria
6.8.5.4 South Africa
6.8.5.5 Others
6.9 Global Enhanced Oil Recovery Market by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
6.9.1.1 United States of America
6.9.1.2 Canada
6.9.2 Europe
6.9.2.1 Germany
6.9.2.2 United Kingdom
6.9.2.3 France
6.9.2.4 Italy
6.9.2.5 Others
6.9.3 Asia Pacific
6.9.3.1 China
6.9.3.2 Japan
6.9.3.3 India
6.9.3.4 ASEAN
6.9.3.5 Others
6.9.4 Latin America
6.9.4.1 Brazil
6.9.4.2 Argentina
6.9.4.3 Mexico
6.9.4.4 Others
6.9.5 Middle East & Africa
6.9.5.1 Saudi Arabia
6.9.5.2 United Arab Emirates
6.9.5.3 Nigeria
6.9.5.4 South Africa
6.9.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1 Halliburton Energy Services, Inc. (NYSE: HAL)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Royal Dutch Shell plc (AMS: RDSA)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Schlumberger Limited (NYSE: SLB)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Chevron Phillips Chemical Company LLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 TechnipFMC plc (NYSE: FTI)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 National Aluminium Company Limited (NSE: NATIONALUM)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Praxair Technology, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Others
10 Events and Developments
EMR is one of the foremost business intelligence and market research companies with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.
Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each industry and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with industry insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:
Our approach gives our clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources.
Price Assessment
We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable industry strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.
Market Assessment
Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.
We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the industry.
Primary Research
As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.
Secondary Research
EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing industry conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the industry, the supply chain, the competitive landscape, and the product.
Other Analyst Tools and Data Models
Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and industry strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.
Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.
Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.
Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the industry, our market and price assessments accurately reflect the prevailing industry conditions.
Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The global offshore oil and gas pipeline market attained a value of USD 12 billion in 2019. The industry is further expected to grow in the forecast period of 2020-2025 at a CAGR of 7% to reach USD 18...
The industrial oils market is expected to be driven by the rising industrial sector in the Asia Pacific region. The market in the Asia Pacific is being driven by the thriving biodiesel, chemical, and ...
Industrial gases are produced for industrial use. Nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium, and acetylene are the primary gases, even though many other gases and variations are found ...
The global drilling fluids market is driven by the growing number of drilling operations and recovering oil prices. In the Asia Pacific, India and Australia have witnessed continued performance of dri...
The Asia Pacific is a leading transformer oils market, followed by North America and Europe. The demand for the product in the Asia Pacific region witnessed an increase of almost 7 to 9% between 2016 ...
Buy Full Version
"Enhanced Oil Recovery Market"
Purchase Enquiry