Press release
Microbial Enhanced Oil Recovery (MEOR) Market To Witness the Highest Growth Globally in Coming Years 2020-2024
Global Microbial Enhanced Oil Recovery Market was valued at USD 195 Million in the year 2018 with global production volume of 2620.83 Thousand tonnes oil eq. Aging Oil and Gas Infrastructure, Rise in offshore drilling activities, Need for alternative technologies, Economic & Environmental Factors, Lower Crude Oil Prices, CO2 Reducing Emission Policies & Rise in Demand for Fuel are the basic reasons behind increased demands for the Microbial Enhanced Oil Recovery Market. Global Microbial Enhanced Oil Recovery market has gained importance as increasing consumption requirement influences the exploration of already matured oilfields. These markets are influenced by many factors including fluctuating crude oil and natural gas prices, changing consumer preferences, growing concern to reduce greenhouse emission and the overall strength of the economy.
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A comprehensive research report created through extensive primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global Microbial Enhanced Oil Recovery Market. The report has analysed the Microbial Enhanced Oil Recovery Market By Metabolic Products (Biomass Formation, Bio-Surfactants, Bio-Polymers, Bio-Solvents, Organic Acids, Bio- Gases, Bio-emulsifiers, and Hydrocarbon Metabolism), By Applications (Interfacial tension reduction, Emulsification and de-emulsification, Selective plugging & Wettability alteration, Gas production, Biodegradation), By Well Type (Offshore & Onshore).
China has high exporting capacity for Natural Gas as well as being the world's largest net importer of petroleum and other liquids. This has made Asia Pacific market for MEOR to grow during 2019-2024. Similarly, MEOR Market for Middle East & Africa comprises of Oman, Kuwait, Saudi Arabia, Angola, as their most demanding nations for oil and gas because of their high consumption demand for energy due to high industrial and manufacturing sector. North America has been able to maintain its high market for MEOR owing to its numerous MEOR field trials & projects especially in United States and Canada.
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Scope of the Report
Global Microbial Enhanced Oil Recovery Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
Analysis by Metabolic Product Biomass Formation, Bio-Surfactants, Bio-Polymers, Bio-Solvents, Organic Acids, Bio- Gases, Bio-emulsifiers, and Hydrocarbon Metabolism
Analysis by Application Interfacial tension reduction, Emulsification and de-emulsification, Selective plugging & Wettability alteration, Gas production, Biodegradation.
Analysis by Well Type Offshore, Onshore
Competitive Landscape
Regional Market North America, Latin America, Europe, Asia Pacific, Middle East & Africa (Actual Period: 2014-2018, Forecast Period: 2019-2024)
Analysis by Metabolic Product Biomass Formation, Bio-Surfactants, Bio-Polymers, Bio-Solvents, Organic Acids, Bio- Gases, Bio-emulsifiers, and Hydrocarbon Metabolism
Analysis by Application Interfacial tension reduction, Emulsification and de-emulsification, Selective plugging & Wettability alteration, Gas production, Biodegradation.
Analysis by Well Type Offshore, Onshore
Prominent Companies
The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/04272008164/global-microbial-enhanced-oil-recovery-meor-market-value-volume-world-market-review-by-metabolic-products-application-well-type-by-region-by-country-2019-edition-opportunities-and-forecast-2019-2024-by-region-n-america-l-america-apac-europe-mea-by-country-us-canada-mexico-venezuela-russia-china-australia-oman-kuwait-saudi-arabia-angola?source=XH&mode=46
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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