Jan 16, 2020 (Market Prediction via COMTEX) -- Introduction
The worldwide Enhanced Oil Recovery (EOR) Market will increase by a CAGR of approximately 6.5% during the forecast era and is expected to achieve a market value above US$ 91 Bn in 2026. This Acumen research report examines the 2015-2026 Global Enhanced Oil Recovery (EOR) Market. The main purpose of the study is to provide market opportunities updates and data on this market. This study offers a thorough evaluation of some of the leading participants in business models, key policy and market inventories in this landscape. In addition to an in-depth assessment of key factors, the comprehensive study provides industry income statistics, segment-by-segment data, regional data, and country-by-country data. The markets are divided into North America, Europe, Asia Pacific, LA and MEA by region. These regions are further broken down into significant countries.
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This market report helps clients make business decisions and understand major player strategies in the industry. The research also calls for market-oriented results from client requirements feasibility studies. Acumen Research guarantees that qualified and verifiable components of market data are available in real time.
Enhanced Oil Recovery (EOR) Market research report offers closely monitored strategic evaluation of significant competitors, micro-and macro market trends and scenarios, inventory evaluation and a holistic overview of present company situations. This is an expert and extensive study focusing on the primary and secondary drivers, the share of businesses, major industries and the geographical evaluation.
Competitive Landscape is included to provide a dashboard perspective for report viewers and access to the main differentiators between competitor companies. This chapter also provides a wise assessment of the framework to comprehend the level structure of this market.
Some of the key players in the global Enhanced Oil Recovery (EOR) Market include ExxonMobil Corporation; BP plc; Chevron Phillips Chemical Company LP; Petroliam Nasional Berhad; China Petroleum & Chemical Corporation; Cenovus Energy Inc.; Royal Dutch Shell plc; Statoil ASA; Nalco Champion; Lukoil Oil Company; Petroleo Brasileiro S.A.; Chevron Corporation; and Praxair Technology Inc. Over the past few years, the companies have increased their production capacity to meet the growing demand. Companies are expected to focus on new product launches and on consolidating their presence in the coming years. Leading companies are therefore adopting various strategies to establish their stronghold. For instance, several companies are focusing on product launches, and forging collaborations to gain competitive edge. Key manufacturers are adopting merge & acquisition methods with the local players to increase their business footprints.
Furthermore, the report examines the bargaining power of buyers and suppliers using Porter's five forces model of analysis. It also helps in evaluating the threat from new entrants and substitutes. Other analyses conducted while compiling the study are price trend analysis and top-down analysis. The latter is conducted to highlight the bigger picture to support investment idea and then help in selection of correct stocks.
In terms of region, the report covers Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa. Growth witnessed by the market across each of these regions is studied in detail. Additionally, the report also analyse the impact of government regulations on the Enhanced Oil Recovery (EOR) Market in the aforementioned regions. While developed countries are expected to remain lucrative markets, leading players are likely to shift their focus towards emerging economies.
Factors such as rising awareness, investment in research and development, expansion of pharmaceutical and healthcare sector, and government support are the key aspects driving Enhanced Oil Recovery (EOR) Market in Asia Pacific and Latin America.
The report segments the Enhanced Oil Recovery (EOR) Market in terms of various parameters. The leading segment in each of these categories is identified in the study. Furthermore, their potential CAGR is calculated. In addition to this, the report offers insights into growth drivers and key restraints that are likely to impact the market across various segments.
Market Segmentations as below:
Market, By Technology
Market, By Product
Alkali-Surfactant-Polymer (ASP) Formulations
Market, By Application
Market, By Geography
Middle East and Africa (MEA)
The market research study on "Enhanced Oil Recovery (EOR) Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026" offers detailed insights on global Enhanced Oil Recovery market segments with market dynamics and their impact. The report also covers basic technology development policies.
Market Segment Analysis: