Surfactant EOR Market: Overview
EOR (enhanced oil recovery) refers to the removal of earlier exclusive crude oil from the deposit with the help of non-traditional techniques. One of these techniques consist of injecting surfactants in the field to lessen interfacial pressure, modify the wettability, and manage mobility in order to augment the quantity of oil recovered from a formerly water-flooded reservoir. Surfactant EOR technologies intend to improve billions of barrels which have previously been revealed, yet they are previously beyond reach. The polymer from the surfactant gets relocated during this method, rising of the viscosity of water penetrated into the oil reservoir. This let the surfactant to apply more force on the oil devoid of forcing its way and merely flowing through. This technique is less efficient on short permeability rock formations. Current advances in each research and surfactant product expertise have lowered chemical concentrations which, in realistic terms, reduce the quantity of surfactant required.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Surfactant EOR Market: Growth Factors
The demand and popularity for surfactants EOR, mainly fueled by the requirement for augmented horizontal and deeper drilling activities in complex terrains, is anticipated to fuel the market. Surfactant EOR method is a very vital procedure to recover additional oil from an oilfield. As the oil reserves are reducing, the requirement for augmented horizontal and deeper drilling activities in difficult terrains increases. This is anticipated to persuade the market key players to carry out EOR methods, resulting in augmented demand for surfactants. There is demand for low concentration surfactant to support flooding, while raising the ground permeability, cohesion, prevailing the capillary, and conglutination strength barriers to oil recovery. In current times, surfactant manufacturers deliver superior and safer EOR products at lower expenses than ever before. Some of this advancement also causes an overall development in human health and the environment. A few of the newly developed EOR surfactants have been resulting from plant resources, for example, soy, sunflower oil, and corn oil.
Surfactant EOR Market: Segmentation
The global surfactant EOR market can be classified into the following sections: alkylpolyglycosides, coconut diethanolamide, di-tridecyl sulfosuccinic acid ester, alkylpropoxy sulfate sodium salts and by surfactant class; onshore and offshore on the basis of application; and disseminated over Latin America, Asia Pacific, North America, Africa, Europe, and the Middle East.
Surfactant EOR Market: Regional Analysis
The Middle East & Asia is anticipated to be the fastest rising market of the global surfactants EOR. The development in the province can be accredited to the augmented energy demand. The elevated demand for the global surfactants EOR market in the Middle East & Asia has prompted development activities by the major key players in this province, making it the highest increasing regional market for the global surfactants EOR. The EOR projects in countries consist of the UAE, Qatar, and Kuwait offers immense expansion prospect to the market in the years to come. The global surfactants EOR market in the province is also raising at a high rate owing to the increasing demand from end-use industries for example: onshore and offshore.
Surfactant EOR Market: Competitive players
The key players of the global surfactant EOR Market are BASF SE, Shell Chemicals, Halliburton, and Huntsman Corporation.
Global Surfactant EOR Market: Regional Segment Analysis
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