Enhanced Oil Recovery Market
Global Enhanced Oil Recovery Market report published by Accurize Market Research forecast that the global market is expected to reach $89 billion by 2025; growing at a CAGR of 24.3% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Growing demand for enhanced oil recovery procedures in the oil & gas industry across the globe to drive the growth of the market
Growing demand for enhanced oil recovery procedures in the oil & gas industry fuels the demand for the global enhanced oil recovery market. Furthermore, a large number of mature wells and increasing imports in the Asia-Pacific regional boost the growth of the market.
The global enhanced oil recovery market has been bifurcated on the basis of technology, product, and geography. The technology segment includes thermal, gas injection, chemical, and others. Further, the product segment is segmented into onshore and offshore. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Akzonobel, Ariel, Air Liquide, Air Products And Chemicals, Inc., Basf, Baker Hughes, Babcock & Wilcox, Bauer, Bornemann, China National Petroleum Corp., and Clayton Industries among others.