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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Enhanced Oil Recovery Market Analysis
8.1 Key Industry Highlights
8.2 Global Enhanced Oil Recovery Historical Market (2018-2023)
8.3 Global Enhanced Oil Recovery Market Forecast (2024-2032)
8.4 Global Enhanced Oil Recovery Market by Technology
8.4.1 Thermal
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Gas Injection
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Chemical
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Enhanced Oil Recovery Market by Chemical Outlook
8.5.1 Surfactants
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Polymers
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Alkaline Chemicals
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Alkali-Surfactant-Polymer (ASP) Formulations
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Foamers
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Enhanced Oil Recovery Market by Application
8.6.1 Onshore
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Off-Shore
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Enhanced Oil Recovery Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Enhanced Oil Recovery Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Enhanced Oil Recovery Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Enhanced Oil Recovery Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Enhanced Oil Recovery Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Enhanced Oil Recovery Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Halliburton Energy Services, Inc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Royal Dutch Shell plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Schlumberger Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Chevron Phillips Chemical Company LLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 TechnipFMC plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 National Aluminium Company Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Enhanced Oil Recovery Market: Key Industry Highlights, 2018 and 2032
2. Global Enhanced Oil Recovery Historical Market: Breakup by Technology (USD Billion), 2018-2023
3. Global Enhanced Oil Recovery Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4. Global Enhanced Oil Recovery Historical Market: Breakup by Chemical Outlook (USD Billion), 2018-2023
5. Global Enhanced Oil Recovery Market Forecast: Breakup by Chemical Outlook (USD Billion), 2024-2032
6. Global Enhanced Oil Recovery Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Enhanced Oil Recovery Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Enhanced Oil Recovery Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Enhanced Oil Recovery Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Enhanced Oil Recovery Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Enhanced Oil Recovery Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Enhanced Oil Recovery Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Enhanced Oil Recovery Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Enhanced Oil Recovery Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Enhanced Oil Recovery Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Enhanced Oil Recovery Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Enhanced Oil Recovery Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Enhanced Oil Recovery Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Enhanced Oil Recovery Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Enhanced Oil Recovery Market Structure
In 2023, the market attained a value of nearly USD 74.04 billion.
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The major drivers of the industry such as growing demand for energy, rapid industrialisation and urbanisation, shift towards oil recovery from offshore sources, growing demand for crude oil for downstream applications, increased focus on developing aged wells, and growing technological advancements are expected to aid the market growth.
The key market trends guiding the growth of the market include the growing investment by the government and private organisations in research and development activities and the development of efficient method for oil extraction.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Thermal, gas injection, and chemical technologies, among others are the major segments available in the industry.
The major chemical outlook segments in the industry are surfactants, polymers, alkaline chemicals, alkali-surfactant-polymer (ASP) formulations, and foamers, among others.
Onshore and offshore segments are the significant applications of enhanced oil recovery.
The major players in the industry are Halliburton Energy Services, Inc., Royal Dutch Shell plc, Schlumberger Limited, Chevron Phillips Chemical Company LLC, TechnipFMC plc, and National Aluminium Company Limited, among others.
The global enhanced oil recovery market attained a value of USD 74.04 billion in 2023 driven by the growing energy demand. Aided by the growing investment towards research and development activities and increased focus on developing aged wells, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its technology, the enhanced oil recovery industry can be segmented into thermal, gas injection, and chemical technologies, among others. On the basis of chemical outlook, the industry is categorised into surfactants, polymers, alkaline chemicals, alkali-surfactant-polymer (ASP) formulations, and foamers, among others. On the basis of application, the industry is bifurcated into onshore and offshore segments. The major regional markets for enhanced oil recovery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Halliburton Energy Services, Inc., Royal Dutch Shell plc, Schlumberger Limited, Chevron Phillips Chemical Company LLC, TechnipFMC plc, and National Aluminium Company Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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