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Surfactant for EOR Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2020-02-17   |   Pages: 114   |   Tables: 140   |  Report ID: 7410 |  Industry: Chemical & Material  |   Format : pdf word ppt excel



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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.

Global_Surfactant_for_EOR_Market

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.

Market Segments

By Product Type

● Anionic Sulfonate

● Anionic Carboxylate

● Others

By Application

● Onshore

● Offshore

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.

By Region

world_regions

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.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.

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Surfactant for EOR Market Report