Global Surfactant for EOR Market to Settle at 5.9% Growth Rate by 2022-28

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.

North America is the largest region of Surfactant for EOR, with a share more than 45%, followed by Europe and South America, etc. Stepan, Nalco Champion, BASF, Baker Hughes and CNPC are the top 5 manufacturers of industry, and they had a more than 55% combined market share.

The global Surfactant for EOR market was valued at US$ 185.4 million in 2020 and it is expected to reach US$ 277.1 million by the end of 2027, growing at a CAGR of 5.9% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Anionic Sulfonate
  • Anionic Carboxylate
  • Others

Segment by Application

  • Onshore
  • Offshore

By Company

  • Stepan
  • Nalco Champion
  • BASF
  • GE(Baker Hughes)
  • Solvay
  • DuPont
  • Clariant
  • Schlumberger
  • Shell Chemicals
  • Huntsman
  • Halliburton
  • Oil Chem Technologies
  • Akzonobel
  • CNPC

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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