Published Date: 2020-02-17 | Pages: 114 | Tables: 140 | Report ID: 7410 | Industry: Chemical & Material | Format :
The global surfactant for enhanced oil recovery (EOR) market is expected to achieve healthy growth with continuing efforts of governments such as the US to reduce their oil dependency on foreign countries. Increasing research on environment-friendly surfactant for EOR could benefit the global market in the long term. In March 2019, UK’s Swansea University announced the development of a new green surfactant for EOR by its Energy Safety Research Institute scientists.
High Popularity of Biosurfactants and Exhaustion of Oil Reserves to Boost Growth
The global demand for surfactant for EOR is predicted to increase due to the rising number of oil exploration and production activities in fast-growing regions such as the MEA and Asia Pacific. The need for advanced oil recovery technologies could put a positive impact on the overall growth of the global surfactant for EOR market. Increase in the use of biosurfactants to enhance oil recovery from depleting oil reservoirs is expected to create opportunities for players in future. Furthermore, biosurfactants are largely used in microbial enhanced oil recovery. The rise in the adoption of horizontal and deeper oil drilling techniques due to the depletion of oil reserves could further improve the demand in the global surfactant for EOR market.
By Product Type
● Anionic Sulfonate
● Anionic Carboxylate
Among applications, onshore is predicted to secure a remarkable share of the global surfactant for EOR market due to the increase in onshore oil and gas production activities. The availability of a higher number of onshore oil reserves and wells could be another factor augmenting the demand for surfactant for EOR in onshore applications. Among products, anionic sulfonate is expected to gain much demand because of its cost-effective manufacturing, low adsorption on reservoir rock, high interfacial tension reducing capacity, and other promising properties.
The US and Canada are anticipated to significantly contribute to the advancement of the North America surfactant for EOR market in terms of growth. High investment in oil production and recovery and use of chemical EOR technologies could strengthen the demand for surfactant for EOR in Canada. On the other hand, the US is expected to attract impressive market growth on the back of the expansion of its oil and gas industry. Nonetheless, the MEA surfactant for EOR market could show grow at a quick rate in the coming years.
Government Deals Likely to Help Manufacturers Gain Competitive Edge
Some of the leading players operating in the global surfactant for EOR market are Stepan, CNPC, Nalco Champion, AkzoNobel, BASF, Oil Chem Technologies, GE (Baker Hughes), Halliburton, Solvay, Huntsman, DowDuPont, Shell Chemicals, Clariant, and Schlumberger. Companies are expected to enter into strategic agreements with state-owned oil and gas companies and government energy departments to expand their presence in the global surfactant for EOR market. Late in 2019, CNPC signed a natural gas cooperation memorandum with Kazakhstan’s Ministry of Energy. The company also entered into an agreement to expand cooperation with KazMunayGas.
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