Surfactant EOR Market

Surfactant EOR Market Size (2023-2028)

Surfactant EOR Market size is predicted to reach $ 70.1 million by 2028 and record a 3.52% annual growth rate between 2023-2028

EOR (Enhanced Oil Recovery) refers to the removal of previous proprietary crude oil from the reservoir using non-traditional techniques. One of these techniques is to inject surfactants into the soil to reduce interfacial pressure, modify wettability, and manage mobility to increase the amount of oil recovered from a previously flooded reservoir. EOR surfactant technologies aim to improve billions of barrels that have already been revealed but were previously out of reach. The surfactant polymer is displaced during this method, escalating the viscosity of the water penetrating into the oil tank. This allowed the surfactant to apply more force to the oil without forcing it to pass and simply flow. This technique is less effective in rock formations with short permeability. Current progress in each surfactant research and experience has reduced chemical concentrations that realistically reduce the amount of surfactant required.

As oil reserves are depleted, the need for more extensive drilling has escalated. This should encourage market players to use EOR techniques, resulting in an escalated call for surfactants. EOR technologies aim to recover billions of barrels that have already been discovered but are historically out of reach. The surfactant polymer moves during this process, escalating the viscosity of the water injected into the oil tank. This allows the surfactant to put more pressure on the oil without forcing it to pass and simply drain it. This method is less effective on rocky structures with low permeability.

Surfactant EOR Market Drivers and Restraints

The escalating call for low-concentration surfactants to help floods is predicted to augment market expansion. Some of the other factors, such as the availability of surfactant manufacturers, provide superior and safer EOR products at lower cost, escalated oil exploration, and production activities, and the availability of advanced and safer EOR products will further accelerate the surfactant EOR market during the foreseen period. The call and popularity of EOR surfactants, driven primarily by the need to increase horizontal and deeper drilling activities on complex terrain, are predicted to fuel the market. The surfactant EOR method is a very vital procedure to recover additional oil from an oil field. As oil supplies decrease, the need for escalated horizontal and deeper drilling activities in difficult terrain increases. This should persuade major market players to use EOR methods, which will lead to escalated calls for surfactants. There is a call for a low-concentration surfactant to resist flooding while escalating soil permeability, cohesion, dominant capillaries, and clumping force barriers for oil recovery.

Surfactant manufacturers are currently providing superior and safer EOR products at lower costs than ever. Part of this progress also leads to the overall development of human health and the environment. Some of the newly developed EOR surfactants are derived from plant resources, for example, soy, sunflower oil, and corn oil. Although the EOR market for surfactants is growing at a significant rate, certain factors could hinder market expansion. The development of cheaper substitutes can give a significant boost to market expansion.

Restrictions on the development of cheaper surfactants that offer a similar level of efficacy are the most important challenge for the EOR market for surfactants. Limiting surfactants to work effectively in the offshore EOR field is currently a major challenge in the market. Recent developments in Enhanced Surfactant Recovery (EOR) have significantly reduced the surfactant concentration required for efficient oil recovery. Some of the main trends followed include the flooding of surfactants, which increases oil production by escalating its mobility and allowing better movement by injecting water. Improves the wettability of porous rocks by allowing water to flow through them, rapidly displacing more oil. Polymer movement is a method based on escalating the viscosity of water, which makes it less effective in rock structures with low permeability.

SURFACTANT EOR MARKET REPORT COVERAGE:

Surfactant EOR Market Segmentation

Surfactant EOR Market By Origin:

• Synthetic

• Biosurfactants

Synthetic surfactants are the fastest-growing segment of the global surfactant EOR market. Biosurfactants are chemical, amphiphilic surfactants, and are synthesized by microorganisms. 

Surfactant EOR Market By Application:

• Onshore

• Offshore

Onshore is the largest application in the global surfactant EOR market. Surfactants are highly employed to recover a huge amount of oil from onshore reserves when in comparison to offshore reserves.

Surfactant EOR Market By Region:

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East & Africa 

The Middle East and Asia area are predicted to be the fastest-growing market in the global surfactants EOR market. Development in the province can be credited to the escalated call for energy. The high call of the worldwide market for EOR surfactants in the Middle East and Asia has led the main players in this province to develop their activities, making it the fastest-growing regional market for worldwide EOR surfactants. EOR projects in the UAE, Qatar, and Kuwait countries offer great prospects for market expansion in the coming years. The province's market for surfactants EOR is also growing at a high rate due to rising calls from end-use industries, like onshore and offshore.

Recent Developments:

• This surfactant was by a research team guided by Dr. Shirin Alexander and Professor Andrew R. Barron from ESRI, Swansea University. It has been confident to enhance the recovery of oil in low and high brine solutions, an excellent result.

• At the SPE Enhanced Oil Recovery Symposium in the United States, BASF will showcase Aspiro for Enhanced Oil Recovery (EOR) for the first time to an international audience. With the Aspiro ™ product line, customers can gain combined experience from a single source.

Surfactant EOR Market Key Players:

• BASF SE
• The DOW Chemical Company
• Halliburton Company
• Chevron, Schlumberger Inc.
• Huntsman Corporation
• Lubrizol Corporation
• Sasol Ltd.
• Shell Chemicals
• Solvay S.A.
• Stepan Company
• Cairn India