Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 70 Million | USD 97 Million | 4.13% | 2021 |
FrequentlyAsked Questions
The global surfactant EOR market is projected to grow owing to the increasing demand and requirement for oil & gas in the ever-growing commercial world along with a high urbanization rate further propelling the demand for a constant supply of oil & gas. One of the main reasons why the global oil & gas industry is witnessing high growth is the steady economic growth, which results in a higher need for energy.
According to Zion Market Research, the global surfactant EOR market size was worth around USD 70 million in 2021 and is predicted to grow to around USD 97 million by 2028 with a compound annual growth rate (CAGR) of roughly 4.13% between 2022 and 2028.
North America is expected to dominate the global surfactant EOR market during the projection period owing to the massive offshore partnership witnessed in the US market which stood at number one position in the ranking of the world’s top oil-producing companies in 2021.
The global surfactant EOR is dominated by players like TechnipFMC plc, Schlumberger Limited, ChampionX, Halliburton, Linde Plc, Chevron Phillips Chemical Company, and BASF SE amongst many others.
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