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Enhanced Oil Recovery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • ID: 4763130
  • Report
  • April 2019
  • Region: Global
  • 102 pages
  • IMARC Group

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  • Basf Se
  • ConocoPhillips
  • Fmc Technologies Inc.
  • Lukoil Oil Co.
  • Petroleo Brasileiro S.A.
  • Praxair Technology Inc.
  • MORE
The global enhanced oil recovery (EOR) market is currently witnessing robust growth. Enhanced oil recovery (EOR), also known as tertiary recovery, refers to the process through which otherwise immobile residual oil is mobilized either physically, chemically or thermally. 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. Looking forward, the publisher expects the market to grow at a CAGR of 16% during 2019-2024.

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.

Report Coverage:

Historical, Current and Future Market Trends

Breakup by Technology:
  • Thermal-Enhanced Oil Recovery
  • Gas-Enhanced Oil Recovery
  • Chemical-Enhanced Oil Recovery
  • Others
Thermal-enhanced oil recovery currently accounts for the largest share.

Breakup by Application:
  • Onshore
  • Offshore
Onshore currently accounts for the largest share.

Regional Insights:
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Basf Se, Halliburton Corporation, Royal Dutch Shell Plc, Schlumberger Ltd., Chevron Phillips Chemical Corporation, Fmc Technologies Inc., NALCO Company, Praxair Technology, Inc., Secure Energy Services Inc., Xytel Corporation, Praxair Technology, Inc., Statoil ASA, BP Plc, China Petroleum & Chemical Corporation, Oil and Natural Gas Corporation Ltd, ExxonMobil Corporation, ConocoPhillips, Petroleo Brasileiro S.A., Lukoil Oil Co., etc.

Key Questions Answered in This Report:
  • 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?
Note: Product cover images may vary from those shown


  • Basf Se
  • ConocoPhillips
  • Fmc Technologies Inc.
  • Lukoil Oil Co.
  • Petroleo Brasileiro S.A.
  • Praxair Technology Inc.
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
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
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Gas-Enhanced Oil Recovery
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Chemical-Enhanced Oil Recovery
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Application
7.1 Onshore
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Offshore
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Region
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europea
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast

9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

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
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

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.

*List of Tables and Figures are available on enquiry
Note: Product cover images may vary from those shown
  • Basf Se
  • Halliburton Corporation
  • Royal Dutch Shell Plc
  • Schlumberger Ltd.
  • Chevron Phillips Chemical Corporation
  • Fmc Technologies Inc.
  • NALCO Company
  • Praxair Technology Inc.
  • Secure Energy Services Inc.
  • Xytel Corporation
  • Praxair Technology Inc.
  • Statoil ASA
  • BP Plc
  • China Petroleum & Chemical Corporation
  • Oil and Natural Gas Corporation Ltd
  • ExxonMobil Corporation
  • ConocoPhillips
  • Petroleo Brasileiro S.A.
  • Lukoil Oil Co.
Note: Product cover images may vary from those shown