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Chemical Enhanced Oil Recovery  Market by Origin , by Type , by Technique , by Application  - Regional Trend & Forecast to 2020

Chemical Enhanced Oil Recovery Market: Forecast until 2020

  • March 2015
  • 161 pages
  • ID: 3017764
In this report:
Secondary recovery techniques extend a field's productive life, generally by injecting water or gas to displace oil and drive it to a production wellbore, resulting in the recovery of ##% to ##% of the original oil in place.
In 2014, the polymer-flooding technique accounted for a share of ##.##% in the chemical EOR market and it is expected to dominate the market with almost the same share of ##.##% by 2020.

Summary

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The EOR chemicals market is expected to register a compound annual growth rate (CAGR) of 7.80 percent between 2014 and 2019 to reach ~$150.4M by 2019. North America continent held the biggest share in 2013 with the U.S. being the leading country. In the less explored industries of Asia-Pacific and Oceania, important rise is expected while the highly developed North American area is predicted to show more important rise. Increase in the North American area is forecast to be from the growing focus on deeper drilling operations

The main players in the EOR chemicals sectors are divided into three groups EOR chemicals manufacturers, service firms, and EOR chemicals suppliers/distributors. Akzonobel NV, BASF SE, DuPont, and so on are the main EOR chemicals manufacturers because Baker Hughes, Halliburton, Schlumberger Limited, and so on, are the main service firms in this sector. These firms showed significant presence amongst other actors in the fragmented overall EOR chemicals market.

Capacity expansion was the most preferred strategy among the key competitors in the EOR chemicals market, globally. The top players are enhancing their existing production capacities in order to cater to the continuously increasing demand for EOR chemicals.

Many firms, offering EOR chemicals, are actively trying to growth their product portfolio and regional presence to cater to distinct regional industries. They are primarily focused on entering the less explored sectors in the developing regions.

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