The Surfactant EOR Market size is estimated to reach US$82.6 million by 2027, after growing at a CAGR of 3.2% during the forecast period 2022-2027. The use of Surfactant EOR Onshore oil & gas industry has increased significantly. Surfactant-enhanced oil recovery (EOR) includes surfactant flooding and surfactant stimulation. Surfactants' primary functions are to reduce interfacial tension and to change wettability. The global surfactant EOR market is benefiting from rising per capita oil consumption. The expanding oil and gas sector is driving the growth of the surfactant EOR market, which is used to increase oil production by increasing oil mobility and allowing good displacement of the oil by the administered water via the surfactant flooding technique. According to the B.P. Statistical Review of World Energy 2019, natural gas accounted for more than 40% of the rise in energy use. 

Surfactant EOR Market: Leading Segment is the Onshore Oil & Gas Market

On the basis of the end-use industry, the Surfactant EOR market can be segmented into onshore, onshore and others. The surfactant EOR market’s leading segment has been evaluated to be offshore. During the forecast period 2022-2027, the offshore oil & gas segment is expected to grow with a CAGR of 3.8%. Surfactant EOR increases the wettability of porous rocks, allowing water to flow more quickly through them and displacing more oil. The growing importance of eco-friendly bio-surfactants is driving the global surfactant EOR market. The oil and gas industry is growing, for instance, in 2022, India's top oil and gas producer ONGC invested Rs31,000 crore (US$3,898 million), in exploring the Indian sedimentary basin for fuel reserves, over the next three years.

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Surfactant EOR Market: Leading Region is the Asia-Pacific

On the basis of geography, the Surfactant EOR market can be segmented into North America, South America, Europe, APAC, and EMEA. According to IndustryARC’s analysis, North America has emerged as the most profitable region in the market. In 2022, the Asia-Pacific region held a 38% share of the total revenue earned by the market globally. The growing oil and gas industry has boosted the growth of the surfactant EOR market, as it is widely used for wettability modification of porous rocks in industries such as exploration and development, chemical, and refining. According to the Canadian Association of Petroleum Producers (CAPP), capital investments in 2021 were approximately US$3.36 billion higher than expected, with upstream oil and gas investment increasing by 14% to US$27.3 billion in 2021, up from US$24 billion in 2020. The Surfactant EOR market will also gain demand from the Asia-Pacific region. India and China are emerging as competitive countries in the surfactant EOR market.

Surfactant EOR Market: Competitive Landscape

Key companies holding major shares in the Surfactant EOR market are BASF SE, The DOW Chemical Company, Halliburton Company, Chevron, Schlumberger Inc., Huntsman Corporation, Lubrizol Corporation, Sasol Ltd., Shell Chemicals, Solvay S.A.

R&D Investments
  • In January 2022, Evonik expanded a new production plant for bio-based and fully biodegradable rhamnolipids. Rhamnolipids are biosurfactants and act as an active ingredient, to serve the growing demand for environmentally friendly surfactants.
  • In March 2021, BASF signed two distinct partnership agreements to expand its global leading position in the bio-based surfactants and actives market. BASF established a strategic alliance with Allied Carbon Solutions Co., Ltd (ACS) Japan and with Holiferm Ltd., UK.

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