Market Overview:
The global chemical injection enhanced oil recovery market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas, technological advancements, and rising investments in EOR projects. Based on type, the global chemical injection enhanced oil recovery market is segmented into polymer flooding, microbial injection, liquid carbon dioxide superfluids, and water-alternating-gas (WAG). Polymer flooding is expected to dominate the market during the forecast period owing to its ability to improve production rates and increase ultimate recoveries. Microbial injection is projected to be the fastest growing segment during the forecast period due its ability reduce surface tension between fluids which helps in mobilizing more hydrocarbons from tight reservoirs. Based on application,the global chemical injection enhanced oil recoverymarketis divided into onshoreand offshore applications.
Product Definition:
Chemical injection enhanced oil recovery is a technique used to improve the amount of oil that can be extracted from an oil field. The technique involves injecting chemicals into the ground in order to reduce the viscosity of the oil and increase its permeability. This makes it easier for the oil to flow through the rock formation and be extracted.
Polymer Flooding:
Flooding is a technique of applying a polymer solution or slurry onto the oil-bearing rock formation. The oil and gas produced from these rocks can be extracted through pipes installed in the wellbore. Polymer solutions are injected into wells using two methods, namely by completion stage injection (CSI) and production-stage injection (PSI).
Microbial Injection:
Microbial injection is a process of introducing microbes into the wellbore to stimulate oil production. The most common way of implementing this technique is by means of perforation and insertion, where microbes are introduced into the perforations in order to increase oil flow. Microbial injections can also be implemented through enhanced Oil Recovery (EOR) techniques, which involve pumping mud containing microorganisms such as bacteria or fungi into an active wellbore in order to increase oil flow.
Application Insights:
Onshore application dominated the global chemical injection enhanced oil recovery market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to rising onshore exploration activities particularly in North America and Europe. In addition, growing demand for EOR techniques coupled with low cost petroleum products is anticipated to drive the segment further.
Offshore application was estimated at USD 2,818.5 million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing offshore production particularly in Saudi Arabia, Brazil, China and Russia among others. Growing offshore production along with technological advancements aimed at minimizing costs associated with EOR are some of the factors that are likely drive this market over next eight years or so as per industry estimates published by IEA Crude Oil & Gas Trends Report 2019 ¢â‚¬â€œ 2020 edition which will be released during second quarter of 2020.
Regional Analysis:
North America dominated the global CMIER market in 2017. The region is expected to witness a growth rate of over 5% during the forecast period. This can be attributed to increasing oil & gas exploration activities coupled with rising shale gas reserves across U.S., which are anticipated to drive enhanced oil recovery (EOR) practices in this region over the next eight years.
Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 owing its large unexplored hydrocarbon reserves and ongoing petroleum exploration activities, particularly in countries such as China, India, Indonesia.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising prices of crude oil in the global market
- Government initiatives for promoting enhanced oil recovery techniques
- Technological advancements in chemical injection systems
- Growing awareness about the benefits of chemical injection enhanced oil recovery
Scope Of The Report
Report Attributes
Report Details
Report Title
Chemical Injection Enhanced Oil Recovery Market Research Report
By Type
Polymer Flooding, Microbial Injection, Liquid Carbon Dioxide Superfluids, Water-Alternating-Gas (WAG)
By Application
Onshore, Offshore
By Companies
Schlumberger Limited, DowDuPont, Total, Surtek, Chevron Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Chemical Injection Enhanced Oil Recovery Market Report Segments:
The global Chemical Injection Enhanced Oil Recovery market is segmented on the basis of:
Types
Polymer Flooding, Microbial Injection, Liquid Carbon Dioxide Superfluids, Water-Alternating-Gas (WAG)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schlumberger Limited
- DowDuPont
- Total
- Surtek
- Chevron Corporation
Highlights of The Chemical Injection Enhanced Oil Recovery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polymer Flooding
- Microbial Injection
- Liquid Carbon Dioxide Superfluids
- Water-Alternating-Gas (WAG)
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chemical Injection Enhanced Oil Recovery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chemical injection enhanced oil recovery (CIEOR) is a technology used to increase the production of oil and gas from tight formations. The process involves injecting water, chemicals, and sand into the formation to break up the rock and release trapped oil and gas.
Some of the major companies in the chemical injection enhanced oil recovery market are Schlumberger Limited, DowDuPont, Total, Surtek, Chevron Corporation.
The chemical injection enhanced oil recovery market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chemical Injection Enhanced Oil Recovery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chemical Injection Enhanced Oil Recovery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chemical Injection Enhanced Oil Recovery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chemical Injection Enhanced Oil Recovery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chemical Injection Enhanced Oil Recovery Market Size & Forecast, 2020-2028
4.5.1 Chemical Injection Enhanced Oil Recovery Market Size and Y-o-Y Growth
4.5.2 Chemical Injection Enhanced Oil Recovery Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polymer Flooding
5.2.2 Microbial Injection
5.2.3 Liquid Carbon Dioxide Superfluids
5.2.4 Water-Alternating-Gas (WAG)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chemical Injection Enhanced Oil Recovery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chemical Injection Enhanced Oil Recovery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polymer Flooding
9.6.2 Microbial Injection
9.6.3 Liquid Carbon Dioxide Superfluids
9.6.4 Water-Alternating-Gas (WAG)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polymer Flooding
10.6.2 Microbial Injection
10.6.3 Liquid Carbon Dioxide Superfluids
10.6.4 Water-Alternating-Gas (WAG)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polymer Flooding
11.6.2 Microbial Injection
11.6.3 Liquid Carbon Dioxide Superfluids
11.6.4 Water-Alternating-Gas (WAG)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polymer Flooding
12.6.2 Microbial Injection
12.6.3 Liquid Carbon Dioxide Superfluids
12.6.4 Water-Alternating-Gas (WAG)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polymer Flooding
13.6.2 Microbial Injection
13.6.3 Liquid Carbon Dioxide Superfluids
13.6.4 Water-Alternating-Gas (WAG)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chemical Injection Enhanced Oil Recovery Market: Competitive Dashboard
14.2 Global Chemical Injection Enhanced Oil Recovery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger Limited
14.3.2 DowDuPont
14.3.3 Total
14.3.4 Surtek
14.3.5 Chevron Corporation
