Maharashtra, India -- (SBWIRE) -- 04/08/2019 -- Surfactant for EOR Market: The concept of recovering oil by surfactant flooding dates back to 1929 when De Groot was granted a patent claiming water-soluble surfactants as an aid to improve oil recovery. Currently, surfactant flooding boosts oil production by lowering interfacial tension, increasing oil mobility thus allowing better displacement of the oil by injected water. Surfactant EOR improves the wetability of porous rocks allowing water to flow through them faster displacing more oil.
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Scope of the Report:
The maturity of oil fields supports the demand for EOR surfactant as oil companies' aim at recovering the maximum quantities possible from their wells. In addition, the growth of EOR surfactant will be further influenced by energy conservation and policies, technology development and high fuel prices. Many chemical companies are focusing on researching and developing customized formulations offering a cheaper, faster and better EOR.
The U.S. and Europe are promising markets for the increased use of EOR surfactant. Despite the long presence in the market of EOR surfactant solutions, the usage has not been as extensive as might be expected, especially when the size of the proven crude oil reserves and crude oil production is considered. Moreover, many projects are still at their pilot stage. The major reason is that in most cases, advanced EOR techniques are highly demanding, challenging and expensive. Additionally, the profitability of EOR techniques depends directly on the crude oil prices and energy costs.
The worldwide market for Surfactant for EOR is expected to grow at a CAGR of roughly 6.3% over the next five years, will reach 220 million US$ in 2024, from 150 million US$ in 2019
Market Segment by Manufacturers, this report covers
Stepan, Nalco Champion, BASF, Baker Hughes, Solvay, Dow, Clariant, Schlumberger, Shell Chemicals, Huntsman, Halliburton, Oil Chem Technologies, Akzonobel, CNPC
Market Segment by Type, covers
Anionic Sulfonate
Anionic Carboxylate
Other
Market Segment by Applications, can be divided into
Onshore
Offshore
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Additional Information:
Regulatory scenario
Pricing analysis
Micro- and Macroeconomic indicators
This report provides:
An overview of the global market for Surfactant for EOR and related products.
Market dynamics, including the drivers, restraints, challenges, threats, and the potential growth opportunities of the market.
Various trends, in terms of geography, on a global and regional scale. The market size and shares of all the regions, along with the forecast analysis, have been included in this report.
Discussion of R&D, and the demand for new products and new applications.
Detailed company profiles of leading competitors in the industry.
Strategies for the new players in the Surfactant for EOR market.
The production process, suppliers, cost, manufacture and consumption analysis, transport mode and cost analysis, and industry chain analysis.
Company profiling with elaborative strategies, revenue details, and latest developments.
TOC of Surfactant for EOR Market Report Included:
Market Research Methodology; Market Opportunities; Market Landscape Analysis; Market Segmentation by Product Type, Services, Geography; Market Drivers, Market Restraints, Market Challenges, Market Trends, Surfactant for EOR Market Vendors Landscape, List of Exhibits.
Key Questions Answered in the Report are:
What are the key segments and sub-segments covered in this report? Which segment is expected to dominate or perform well in the market throughout the forecast period?
What are the forecast growth rates for the global Surfactant for EOR market and for each segment within it?
Who are the leading competitors operating in this market? What are their strengths and weaknesses?
What are the different strategies adopted by them in order to expand their market presence?
What are the micro- and macroeconomic factors, governing factors, and development patterns observed in the market?
What are the trending factors influencing the market shares of APAC, Europe, North America, and LAMEA?
What are the key outcomes of the SWOT analysis and Porter's five forces analysis of the market?
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