Surfactant Enhanced Oil Recovery (EOR) Market, by Origin (Chemical Surfactants, Biosurfactants), Type (Alkylpolyglycosides, Coconut Diethanolamide, Di-Tridecyl Sulfosuccinic Acid Ester, Alkylpropoxy Sulfate Sodium Salts), Form (Anionic surfactants, Cationic surfactants, Non-ionic surfactants), Technique (Polymer Flooding (PF), Surfactant-Polymer (SP) Flooding, Alkali-Surfactant-Polymer (ASP) Flooding, Alkali-Co-solvent-Polymer (ACP) Flooding, Low Tension Gas Flooding (LTG)), Application (Onshore, Offshore), Category (Petro-based, Bio-based), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Surfactant Enhanced Oil Recovery (EOR) Market Overview
The Surfactant Enhanced Oil Recovery (EOR) Market size was estimated at USD 75.72 million in 2023 and is projected to reach USD 99.85 million in 2030 at a CAGR of 4.03 during the forecast period 2023-2030.
Surfactant Enhanced Oil Recovery (EOR) Is a technique used in the oil industry to improve the extraction of oil from reservoirs. Surfactants, or surface-active agents, are chemicals that can reduce the surface tension between liquids, such as oil and water. In Surfactant EOR, surfactants are injected into the reservoir to alter the interfacial properties between the oil, water and rock surfaces. This helps to mobilize and displace trapped oil, making it easier to flow through the reservoir and ultimately be recovered. Surfactant EOR can increase the efficiency of oil extraction, particularly in reservoirs where conventional methods have become less effective.
The growth of the Surfactant Enhanced Oil Recovery (EOR) market is mainly being driven by increasing production from maturing oilfields and rising demand for oil. Moreover, new surfactant technologies are being developed that are more effective and less harmful to the environment. This is making surfactant EOR more attractive to oil producers. In addition, governments in many countries are imposing regulations that require oil producers to recover more oil from their fields. This is creating a demand for EOR technologies, such as surfactant EOR.
On the other hand, their high cost and challenging implementation might hamper the growth of the market during the forecast period. This can lead to problems such as emulsion formation and surfactant loss. Moreover, surfactants can be harmful to the environment if they are no properly disposed of. This can create a barrier to the adoption of surfactant EOR.
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The coronavirus epidemic hurt the market for surfactant-enhanced oil recovery (EOR), just as it hurt the worldwide oil and gas sector. As governments launched a partial or total lockdown strategy to deal with the epidemic, numerous oil and gas firms across regions were compelled to shut down their manufacturing facilities and services. Major oil and gas projects were also been suspended or delayed by regional businesses. The COVID-19 epidemic also affected the cost of crude oil, well drilling and production, and the oil and gas supply chain. The enhanced oil recovery business has suffered more short- and medium-term damage as a result of the decline in production activities.
Delvens Industry Expert's Standpoint
The Surfactant Enhanced Oil Recovery Market is expected to grow during the forecast period. This growth can be attributed to several factors. Firstly, as oil fields mature, the oil becomes more difficult to extract. Surfactant EOR can help to improve the recovery of oil from these mature fields. Moreover, the world’s demand for oil is expected to continue to grow in the coming years. Surfactant EOR can help to meet this demand by increasing the amount of oil that can be recovered from existing fields. In addition, new surfactant technologies are being developed that are more effective and less harmful to the environment. This is making surfactant EOR more attractive to oil producers. However, Surfactant EOR is a relatively expensive technology. This can make it prohibitively expensive to some oil producers.
Key Findings
- Based on origin, the market is segmented into chemical surfactants, biosurfactants. The chemical surfactants dominated the market in this segment. This is because chemical surfactants are more widely available and less expensive than biosurfactants.
- Based on type, the market is segmented into alkylpolyglycosides, coconut diethanolamide, di-tridecyl sulfosuccinic acid ester, alkylpropoxy sulfate sodium salts. The coconut diethanolamide (CDEA) dominated the market in this segment. It is a non-ionic surfactant that is made from coconut oil. CDEA is effective in reducing the interfacial tension between oil and water, which helps to improve the recovery of oil from the reservoir.
- Based on form, the market is segmented into, anionic surfactants, cationic surfactants, non-ionic surfactants. The anionic surfactants dominated the market in this segment. This is because anionic surfactants are the most effective type of surfactant for EOR applications.
- Based on technique, the market is segmented into polymer flooding (pf), surfactant-polymer (sp) flooding, alkali-surfactant-polymer (asp) flooding, alkali-co-solvent-polymer (acp) flooding, low tension gas flooding (ltg). Surfactant flooding dominated the market in this segment. It involves injecting a solution of surfactant and water into the reservoir. The surfactant reduces the interfacial tension between the oil and water, which helps to improve the mobility of the oil and its recovery.
- Based on application, the market is segmented into onshore, offshore. The onshore surfactant EOR dominated the market in this segment. This is because there are more onshore oilfields than offshore oilfields.
- Based on category, the market is segmented into petro-based, bio-based. The petro-based surfactants dominated the market in this segment. This is because petro-based surfactants are more widely available and less expensive than bio-based surfactants.
- The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period because of the ongoing development of shale deposits in the region.
Surfactant Enhanced Oil Recovery (EOR) Market Regional Analysis
North America to Dominate the Market
- North America is estimated to account for the largest market share during the forecast period because of the ongoing development of shale deposits in the region.
- Moreover, the growth of the oil and gas industries is expected to drive the growth of the market during the forecast period.
Surfactant Enhanced Oil Recovery (EOR) Market Competitive Landscape
· Air Liquide
· Audubon Companies
· Baker Hughes Company
· BASF SE
· BP Plc
· ChampionX
· Chevron Phillips Chemical Company LLC
· Clariant
· Core Laboratories
· Croda International plc
· Exterran Corporation
· Halliburton
· Kappa Oil Services
· Linde Plc
· Premier Energy
· RCS Group of Companies
· Schlumberger Limited
· Secure Energy
· Shell
· Suncor Energy Inc.
· TechnipFMC plc
· Titan Oil Recovery, Inc.
· Ultimate EOR Services LLC
· XYTEL Corporation
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Surfactant Enhanced Oil Recovery (EOR) Market Recent Developments
- In May 2022, two polymer flooding-based enhanced oil recovery (EOR) projects on distinct Indian properties were granted by the state-owned Oil and Natural Gas Corporation (ONGC). SNF Flopam received a contract from ONGC's Ahmedabad asset in December 2021 for the supply of alkali surfactant polymer and injection at Jhalora field. Additionally, SNF Flopam received a comparable contract from ONGC's Mehsana asset in March 2022 for the Bechraji field.
- In July 2023, Bolivia’s state hydrocarbons company YPFB decided to begin a second phase of their enhanced oil recovery (EOR) program.
Reasons to Acquire in the Surfactant Enhanced Oil Recovery (EOR) Market
- Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
- Gain authentic and granular data access for the Surfactant Enhanced Oil Recovery (EOR) Market to understand the trends and the factors involved in changing market situations.
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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Global Chemical Enhanced Oil Recovery (EOR/IOR) Scope and Market Size:Chemical Enhanced Oil Recovery (EOR/IOR) market is segmented by Type, and by Application.
Players, stakeholders, and other participants in the global Chemical Enhanced Oil Recovery (EOR/IOR) market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.Market segment by Type, the product can be split into: Water soluble polymersSurfactantsPolymer gelsBiopolymersAlkaline chemicalsOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60798/global-united-states-chemical-enhanced-oil-recovery-2020-2026-197Market segment by Application, split into:OnshoreOffshoreBased on regional and country-level analysis, the Chemical Enhanced Oil Recovery (EOR/IOR) market has been segmented as follows:North AmericaUnited StatesCanadaEuropeGermanyFranceU.K.ItalyRussiaNordicRest of EuropeAsia-PacificChinaJapanSouth KoreaSoutheast AsiaIndiaAustraliaRest of Asia-PacificLatin AmericaMexicoBrazilMiddle East & AfricaTurkeySaudi ArabiaUAERest of Middle East & AfricaIn the competitive analysis section of the report, leading as well as prominent players of the global Chemical Enhanced Oil Recovery (EOR/IOR) market are broadly studied on the basis of key factors.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.The key players covered in this study:BASFDuPontGE(Baker Hughes)HalliburtonSchlumberger Get the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/60798/global-united-states-chemical-enhanced-oil-recovery-2020-2026-197CONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 9169162030Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
