Global Surfactant EOR Market is valued at USD 67.2 Million in 2020 and expected to reach USD 83.5 Million by 2027 with a CAGR of 3.14% over the forecast period.

Surfactant EOR Market: Global Industry Analysis 2015 To 2020 And Opportunity Assessment 2021 To 2027

<blockquote>
<p>Global Surfactant EOR Market is valued at&nbsp;<strong>USD 67.2 Million in 2020</strong>&nbsp;and expected to reach&nbsp;<strong>USD 83.5 Million by 2027</strong>&nbsp;with a&nbsp;<strong>CAGR of 3.14% over</strong>&nbsp;the forecast period.</p>
</blockquote>
<p>Global Surfactant EOR (Enhanced Oil Recovery) Market: Global Size, Trends, Competitive, Historical &amp; Forecast Analysis 2021-2027&ndash;<strong>&nbsp;Increasing per capita consumption of oil and rising importance of environmental friendly bio-surfactants are the significant factors</strong>&nbsp;which are driving the Growth of the Global Surfactant EOR Market.</p>
<h3><strong>Scope of Global&nbsp;</strong><strong>Surfactant EOR (Enhanced Oil Recovery)&nbsp;</strong><strong>Market Report:</strong></h3>
<p>Surfactant enhanced oil recovery (EOR) is the method of recovery of crude oil using injection of surfactants. Surfactant enhanced oil recovery (EOR) includes surfactant flooding and surfactant stimulation. This method has proven successful as it increases recovery of oil through combination of mechanisms. This method includes mechanisms like interfacial tension, foam generation, wettability alteration and emulsification. The main function of surfactants is to decrease interfacial tension and wettability alteration. The aim of surfactant EOR is to mobilize the residual oil over and above of the water flood. Surfactant EOR requires meticulous screening to make the EOR more viable and cost effective. Surfactant has applications in many operations in petroleum industry. It is required in operations like water flooding, emulsification, acidization, fracturing, and cements slurries. Surfactants EOR increase the wettability of porous rocks allowing faster flow of water through them and thereby displacing more oil. Surfactant EOR technologies intend to improve billions of barrels. Applications of Surfactants in EOR are in both laboratory and field scales.</p>
<p>The COVID-19 outbreak has show a negative impact on the growth of the global surfactant EOR market. The need of chemicals and refined products has slowed down from industrial slowdowns and travelling restrictions due to this lockdown in various economies of the world due to the pandemic. Thus, it affected the surfactant EOR market. Due to corona virus oil and gas industries are started to cut in operational and capital expenditure to handle the situation. &nbsp;</p>
<p>The surfactant EOR market is divided into types, application, origin, technique and regions, &amp; countries. On the basis of types, the market is segmented into anionic surfactants, cationic surfactants and non ionic surfactants. Based on applications, market is divided into onshore and offshore. Based on origin, market is segmented into surfactants and bio surfactants. On the basis of techniques, market is divided into alkaline-surfactant-polymer (ASP) flooding and surfactant-polymer (SP) flooding.</p>
<h2><strong>Global Surfactant EOR Market Segmentation:</strong></h2>
<p><strong>By Form or Type:</strong></p>
<ul>
<li>Anionic surfactants</li>
<li>Cationic surfactants</li>
<li>Non ionic surfactants</li>
</ul>
<p><strong>By Applications:</strong></p>
<ul>
<li>Onshore</li>
<li>Offshore</li>
</ul>
<p><strong>By Origin:</strong></p>
<ul>
<li>Surfactants</li>
<li>Bio surfactants</li>
</ul>
<p><strong>By Technique:</strong></p>
<ul>
<li>Alkaline-Surfactant-Polymer (ASP) Flooding</li>
<li>Surfactant-Polymer (SP) Flooding</li>
</ul>
<p>The regions covered in surfactant EOR market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of surfactant EOR is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.</p>
<h2><strong>Key Players for Global&nbsp;</strong><strong>Surfactant EOR</strong>&nbsp;<strong>Market</strong>:</h2>
<p>Some of the key players for global surfactant EOR market are Halliburton, Huntsman International LLC, BASF SE, Oil Chem Technologies, Sasol Limited, Solvay S.A., Stepan Company, the Dow Chemical Company, The Lubrizol Corporation, Shell International B.V., Schlumberger, Baker Hughes and others.</p>
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<p><img src=""https://brandessenceresearch.com/assets/post_image/content_img/Surfactant%20EOR.png"" alt=""Surfactant EOR"" width=""600"" height=""338"" /></p>
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<p><strong>News:</strong></p>
<h3><strong>A New Class of Branched Single Chain Surfactant for Enhanced Oil Recovery was Reported</strong></h3>
<p>On March 20<sup>th</sup>, 2019; Swansea University, A new green surfactant for efficient enhanced oil recovery (EOR) has been developed in Swansea University. This surfactant was examined by a research team led by Dr. Shirin Alexander and Professor Andrew r. Barron at ESRI. It is shown to improve the oil recovery by 72% in both high and low brine solutions. Remarkable result foe only a single chain surfactant flooding, compared to 45% recovery in the presence of other surfactants alone. Fabrication of a glass micro model and testing of these materials were carried out by PhD student Sajad Kiani. Dr. Alexander said that it is a revelation that a single chain surfactant alone, without addition of any nanoparticle, polymer can achieve large recovery of oil. The high effectiveness of this surfactant is because its ability in reducing the surface and interfacial tension of water/oil remarkably compared to other surfactants.</p>
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<h3><strong>Increasing Per Capita Consumption of Oil and Rising Importance of Environmental Friendly Bio-Surfactants are Some of the Major Factors Driving the Market Growth</strong></h3>
<p>Increasing per capita consumption of oil is one of the major driving factors for the global surfactant EOR market. For instance; according to World Oil Review 2019, the per capita consumption of oil in 2018 in Saudi Arabia was 34.91 barrels, in Canada it was 24.16 barrels, in U.S. it was 23.12 barrels, in South Korea it was 17.99 barrels, in Japan it was 10.86 barrels, in Germany it was 10.15 barrels, in Russia it was 8.79 barrels, in Brazil it was 5.20 barrels, in China it was 3.36 barrels and in India it was 1.29 barrels. These are the top 10 countries in which per capita consumption of oil was increased. Also, according to BP Statistical Review of World Energy 2019, by fuel, energy consumption growth was driven by natural gas, which contributed more than 40% of the increase. All fuels grew faster than their 10 years average. So, the increasing per capita consumption of oil increased the demand for high recovery of oil and by surfactant EOR method high recovery of oil is possible.</p>
<p>In addition, rising importance of environmental friendly bio-surfactants is also fostering the growth of global surfactant EOR market. For instance; according to Multidisciplinary Digital Publishing Institute (MDPI) 2018, bio surfactants are microbial products have been increasingly researched due to their various identified advantages. These are environmental friendly products with confirm abilities for removing petroleum hydrocarbon contamination. Thus, the growing concern regarding environmental problems is also supplementing the demand for bio surfactants. According to Swansea University 2019, they developed green surfactant for enhanced oil recovery and by considering need of oil recovery methods with low environmental impact. Furthermore, rising need for more efficient oil recovery techniques and increasing popularity for surfactant EOR are also boosting the growth of surfactant EOR market.</p>
<p>However requirement of high capital investment and development of cheaper substitutes may hamper the growth of global surfactant EOR market. In spite of that, growing advancements in the field of crude oil production may create an opportunity for the further growth of the global surfactant EOR market.</p>
<h3><strong>Asia Pacific is Anticipated to Witness a Fastest Growth in the Global Surfactant EOR Market</strong></h3>
<p>Geographically; Asia Pacific is expected to witness a significant growth in the global surfactant EOR market over the forecast period due to increasing demand for oil in developing economies like India and China. For instance; according to BP Statistical Review of World Energy 2019, the growth in demand of oil was increased in developing economies in 2018 with China 0.7 Mb/d and in India 0.3 Mb/d accounting for almost two thirds of global increase.</p>
<table class="" alignleft"">
<tbody>
<tr>
<th><strong>Report&nbsp;Analysis</strong></th>
<th><strong>Details</strong></th>
</tr>
<tr>
<td>Historical data</td>
<td>2015 - 2020</td>
</tr>
<tr>
<td>Forecast Period</td>
<td>2021 - 2027</td>
</tr>
<tr>
<td>Market Size in 2020:</td>
<td>USD 67.2 Million</td>
</tr>
<tr>
<td>Base year considered</td>
<td>2020</td>
</tr>
<tr>
<td>Forecast Period CAGR %:</td>
<td>
<p>3.14 %</p>
</td>
</tr>
<tr>
<td>Market Size Expected in 2027:</td>
<td>USD 83.5 Million</td>
</tr>
<tr>
<td>Tables, Charts &amp; Figures:</td>
<td>175</td>
</tr>
<tr>
<td>Pages</td>
<td>200</td>
</tr>
<tr>
<td>Key Players/Companies</td>
<td>Halliburton, Huntsman International LLC, BASF SE, Oil Chem Technologies, Sasol Limited, Solvay S.A., Stepan Company, the Dow Chemical Company, The Lubrizol Corporation, Shell International B.V., Schlumberger, Baker Hughes and others</td>
</tr>
<tr>
<td>Segments Covered</td>
<td>By Origin, By Application, By Form or Type, By Technique</td>
</tr>
<tr>
<td>Regional Analysis</td>
<td>North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa</td>
</tr>
</tbody>
</table>
<h4><strong>Key Benefits for Global Surfactant EOR Market Report:</strong></h4>
<ul>
<li>Global Surfactant EOR Market report covers in-depth historical and forecast analysis.</li>
<li>Global Surfactant EOR Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.</li>
<li>Global Surfactant EOR report helps to identify opportunities in marketplace.</li>
<li>Global Surfactant EOR Market report covers extensive analysis of emerging trends and competitive landscape.</li>
</ul>
<h4><strong><u>Surfactant EOR&nbsp;Market By Regional &amp; Country Level:</u></strong></h4>
<p><strong>North America</strong></p>
<ul>
<li>U.S.</li>
<li>Canada</li>
</ul>
<p><strong>Europe</strong></p>
<ul>
<li>U.K.</li>
<li>France</li>
<li>Germany</li>
<li>Italy</li>
</ul>
<p><strong>Asia Pacific</strong></p>
<ul>
<li>China</li>
<li>Japan</li>
<li>India</li>
<li>Southeast Asia</li>
</ul>
<p><strong>Latin America</strong></p>
<ul>
<li>Brazil</li>
<li>Mexico</li>
</ul>