The global enhanced oil recovery (EOR) market is currently witnessing robust growth. Enhanced oil recovery (EOR), also known as tertiary recovery, refers to the process through which otherwise immobile residual oil is mobilized either physically, chemically or thermally. As primary and secondary oil recovery methods can leave up to 75% of the oil in the reservoir, oil extracting companies have started relying on EOR or tertiary oil recovery methods. Enhanced Oil Recovery market industry is poised to raise USD 94.6 billion by 2026. Enhanced Oil Recovery market is valued USD 55.9 billion in 2018 is anticipated to grow USD 94.6 billion with the compounded annual growth of 6.80% over the forecast period 2019-2026.

Over the past few years, the rapid depletion of fossil fuels has contributed to the increasing application of EOR technologies in the oil and gas industry. The rising demand for oil has further added to the growing demand for EOR worldwide. In addition, several governments around the world are taking initiatives for utilizing advanced technologies for oil extraction to achieve higher profits from existing oil and gas fields. For example, countries like China and India are offering financial incentives to attract multinational companies to invest in the enhanced oil recovery market.

The regional analysis of Enhanced Oil Recovery market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to increasing number of terrestrial laser scanning technologies being increasingly used by the prominent surveying companies for land surveys across the region. North America is anticipated to exhibit highest growth rate / CAGR over the forecast period 2016-2026. Factors such as favorable government infrastructure policy and growth in the service sector in the region.

Major market player included in this report are:

  • Basf Se
  • Halliburton Corporation
  • Royal Dutch Shell Plc
  • Schlumberger Ltd.
  • Chevron Phillips Chemical Corporation
  • Fmc Technologies Inc.
  • NALCO Company
  • Praxair Technology, Inc.
  • Secure Energy Services Inc.
  • Xytel Corporation


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

  • Thermal-Enhanced Oil Recovery
  • Gas-Enhanced Oil Recovery
  • Chemical-Enhanced Oil Recovery
  • Other Enhanced Oil Recovery Techniques


By Solution:

  • Onshore
  • Offshore


By Regions:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Mexico
  • Rest of the World


Furthermore, years considered for the study are as follows:

  • Historical year – 2016, 2017
  • Base year – 2018
  • Forecast period – 2019 to 2026


Target Audience of the Enhanced Oil Recovery Market in Market Study:

  • Key Consulting Companies & Advisors
  • Large, medium-sized, and small enterprises
  • Venture capitalists
  • Value-Added Resellers (VARs)
  • Third-party knowledge providers
  • Investment bankers
  • Investors