Global Chemical EOR Market to Register Spending $2.402 Bn and Production of 356,488 Bbl/d in 2016

Monday 18 April 2016, Amsterdam

The report, now available on ASDReports, Chemical Enhanced Oil Recovery (EOR) Market 2016-2026: Spending and Production Forecasts for Polymers, Surfactants, Biopolymers and ASP indicates that spending on chemical EOR projects will total $2.402bn and incremental oil production will reach 352,161 bbl/d in 2016.

The lead analyst of the report commented that: “The global chemical enhanced oil recovery (cEOR) market is anticipated to expand significantly over the next decade, driven by energy security requirements, increasing global oil demand and technology development. Though oil prices are currently challenging the economics of some chemical EOR projects, both production and spending will increase over the next ten years as pilot projects are established and move towards commercial production.”

The report includes 216 tables, charts, and graphs that analyse the chemical EOR market. Forecasts (spending and production) are provided for 6 technology submarkets (polymer, ASP, surfactant, biopolymer, ASP/polymer, polymer/surfactant) and 15 leading national and regional markets (China, Canada, Russia, Oman, Rest of the Middle East, Indonesia, Venezuela, Colombia, Rest of Latin America, US, India, Mexico, North Sea, Malaysia, Rest of the World). The report also provides profiles (including market shares) for the 10 leading chemical EOR project operators, as well as profiling the leading companies providing chemicals for EOR.

The Chemical Enhanced Oil Recovery (EOR) Market Forecast 2016-2026: Prospects for Top Companies in Polymers, Surfactants, Biopolymers and ASP report will be of value to anyone who wants to better understand the industry and its dynamics. It will be useful for businesses already involved in segment of the chemical EOR market, or for those wishing to enter this growing market in the future.