Press release
Enhanced Oil Recovery Market to Reach USD 5103.8 Million by 2029, Fueled by Rising Demand for Maximized Extraction Efficiency
Enhanced Oil Recovery Market SizeThe global Enhanced Oil Recovery revenue was US$ 3767 million in 2022 and is forecast to a readjusted size of US$ 5103.8 million by 2029 with a CAGR of 4.4% during the review period (2023-2029).
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The industry's leading producers are Linde Group, Air Liquid and PetroChina Daqing, with revenues of 36.29%, 11.60% and 11.30% respectively in 2019.
This report focuses on global and India Enhanced Oil Recovery market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Enhanced Oil Recovery will continue to grow rapidly in the future.
Global Enhanced Oil Recovery Scope and Market Size
Enhanced Oil Recovery market is segmented in regional and country level, by players, by Type and by Application. Companies, stakeholders, and other participants in the global Enhanced Oil Recovery market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2018-2029.
By Type
• CO2 Enhanced Oil Recovery
• Nitrogen Enhanced Oil Recovery
• Polymer Flooding
• Surfactant Flooding
• Alkaline Flooding
• Micellar Flooding
By Application
• Onshore
• Offshore
Key Companies
Linde Group, Air Liquid, PetroChina Daqing, Air Products, SNF Group, Bejing Hengju, BASF, Nalco Champion, Shandong Polymer Bio-chemicals, Stepan, Schlumberger, Kemira, Solvay
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