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Surfactant EOR Market


Chemicals & Material
Specialty Chemicals

The Surfactants EOR market, in terms of value, is projected to reach USD 70.9 Million, by 2021, at a CAGR of 3.20%, between 2016 and 2021. Environmentally-friendly biosurfactants and increasing oil E&P activities in Asia & the Middle East are the key factors driving the growth of the Surfactants EOR market.

As the oil reserves are depleting, the need for deeper drilling activities has increased. This  is expected to influence the market players to use the EOR techniques, resulting in increased demand for surfactants.

The Surfactants EOR market has been segmented based on origin as  synthetic and biosurfactants. Synthetically produced surfactants are the largest-growing segments of  the Surfactants EOR market. Biosurfactants are surface active chemical compounds, amphiphilic, and are synthesized by microorganisms. Synthetically produced surfactants are widely used in the surfactant EOR market in comparison to biosurfactants because the latter is relatively expensive and weaker than conventionally used surfactants.

The Surfactants EOR market has been segmented based on application, which are onshore and offshore. Onshore is the largest application in  the Surfactants EOR market. Surfactants are widely used to recover a large quantity of oil from onshore reserves in comparison to offshore reserves.

Asia & Middle East is the fastest-growing region of the Surfactants EOR market. The ongoing surfactant EOR projects in China and India are expected to drive the market in Asia & the Middle East, during forecast period, between 2016 and 2021. The EOR project in countries such as Qatar, UAE, and Kuwait provide immense growth opportunity to the market during the forecast period.

Surfactant EOR Market

Although the Surfactants EOR market is growing at a significant rate, certain factors could hinder the market growth. The development of cheaper substitutes can provide a significant impetus to the growth of the market. Restrictions in developing cheaper surfactants providing a similar level of effectiveness act as the most important challenge for the surfactant EOR market. Limitation of surfactants to effectively perform in the offshore field EOR process is currently a major challenge in  the market.

Companies such as BASF SE (Germany), Shell Chemicals (The Netherlands), Halliburton (U.S.), and Huntsman Corporation (U.S.) are key players in the  Surfactants EOR market. They have strengthened their market position through diverse product portfolios, strategically positioned R&D centers, consistent strategic development activities, and technological advancements. They have been adopting various organic and inorganic growth strategies, such as expansions, agreements & joint ventures, and new product launches & developments to increase their market share.

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