What is Global Surfactant for EOR Market?
The Global Surfactant for EOR Market is a specialized sector within the broader oil and gas industry. EOR, or Enhanced Oil Recovery, is a process that involves the use of various techniques to increase the amount of crude oil that can be extracted from an oil field. Surfactants play a crucial role in this process, as they reduce the surface tension between oil and water, making it easier to extract the oil. The global market for these surfactants is substantial and continues to grow. In 2022, the market was valued at a significant US$ 103.3 million. This figure is expected to rise to US$ 128.6 million by 2029, representing a Compound Annual Growth Rate (CAGR) of 2.5% from 2023 to 2029.
Anionic Sulfonate, Anionic Carboxylate, Nonionic Surfactant, Biosurfactant, Others in the Global Surfactant for EOR Market:
The Global Surfactant for EOR Market is dominated by a few key players, with the top three manufacturers accounting for more than half of the market share. This indicates a high level of concentration in the market, with these leading companies setting the pace in terms of product innovation and pricing strategies. The market is also geographically diverse, with Asia Pacific being the largest region. It holds more than 45% of the market share, followed by Europe. This can be attributed to the high demand for energy in these regions, coupled with the presence of vast oil reserves.
Oil Sands Oil Field, Conventional Oil Field in the Global Surfactant for EOR Market:
In terms of product types, the Global Surfactant for EOR Market is segmented into Anionic Sulfonate, Anionic Carboxylate, Nonionic Surfactant, Biosurfactant, and others. Anionic Sulfonate is the largest segment, accounting for over 65% of the market share. These surfactants are widely used due to their effectiveness in reducing surface tension and their compatibility with a wide range of reservoir conditions. Anionic Carboxylate and Nonionic Surfactants also hold significant shares in the market, owing to their unique properties and applications in the EOR process. Biosurfactants, on the other hand, are gaining popularity due to their eco-friendly nature and potential for sustainable oil recovery.
Global Surfactant for EOR Market Outlook:
The Global Surfactant for EOR Market finds its applications primarily in two areas - Oil Sands Oil Field and Conventional Oil Field. In Oil Sands Oil Fields, surfactants are used to facilitate the extraction of bitumen, a heavy, viscous type of crude oil. The process involves injecting a mixture of water and surfactant into the oil sands, which reduces the viscosity of the bitumen and allows it to flow more easily. In Conventional Oil Fields, surfactants are used in secondary and tertiary recovery processes to enhance the extraction of oil. They are injected into the reservoir to increase the displacement efficiency and reduce the residual oil saturation. The use of surfactants in these fields is expected to increase in the coming years, driven by the growing demand for energy and the need to maximize the extraction of existing oil reserves.
| Report Metric | Details |
| Report Name | Surfactant for EOR Market |
| Accounted market size in 2023 | US$ 103.3 million |
| Forecasted market size in 2030 | US$ 128.6 million |
| CAGR | 2.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Stepan, CNPC, Shandong Polymer Biochemicals, BASF, Solvay, Dow, Shell Chemicals, Huntsman, Oil Chem Technologies, Nouryon, Cepsa |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
