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Enhanced Oil Recovery Market

Publisher Coherent Market Insights
Published Oct 22, 2025
Length 140 Pages
SKU # CMI20535691

Description

The Global Enhanced Oil Recovery Market is estimated to be valued at USD 49.56 Bn in 2025 and is expected to reach USD 61.79 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2025 to 2032. The global enhanced oil recovery market represents a critical segment within the petroleum industry, encompassing advanced technological solutions designed to extract additional crude oil from reservoirs beyond conventional primary and secondary recovery methods.

Market Dynamics

The global enhanced oil recovery market is propelled by several key drivers that collectively shape its robust growth trajectory, while simultaneously facing certain restraints that temper market expansion, alongside emerging opportunities that promise future development. Primary market drivers include the progressive depletion of conventional oil reserves worldwide, which necessitates the implementation of advanced extraction technologies to maintain production levels and meet growing global energy demands.

Key Features of the Study
  • This report provides in-depth analysis of the global enhanced oil recovery market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global enhanced oil recovery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include ExxonMobil, Chevron Corporation, Royal Dutch Shell, BP plc, TotalEnergies SE, Halliburton, Schlumberger Limited, Baker Hughes, ConocoPhillips, Occidental Petroleum Corporation, CNOOC Limited, Woodside Petroleum, and Aker Solutions
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global enhanced oil recovery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global enhanced oil recovery market
Market Segmentation
  • Technology Insights (Revenue, USD Bn, 2020 - 2032)
  • Thermal
  • CO2 Injection
  • Chemical
  • Others
  • Application Insights (Revenue, USD Bn, 2020 - 2032)
  • Onshore
  • Offshore
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
  • Key Players Insights
  • ExxonMobil
  • Chevron Corporation
  • Royal Dutch Shell
  • BP plc
  • TotalEnergies SE
  • Halliburton
  • Schlumberger Limited
  • Baker Hughes
  • ConocoPhillips
  • Occidental Petroleum Corporation
  • CNOOC Limited
  • Woodside Petroleum
  • Aker Solutions

Table of Contents

140 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Enhanced Oil Recovery Market, By Technology
Global Enhanced Oil Recovery Market, By Application
Global Enhanced Oil Recovery Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Enhanced Oil Recovery Market, By Technology, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Thermal
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
CO2 Injection
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Chemical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Enhanced Oil Recovery Market, By Application, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Onshore
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Offshore
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Enhanced Oil Recovery Market, By Region, 2020 - 2032, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
Regional Trends
North America
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
South Africa
North Africa
Central Africa
7. Competitive Landscape
ExxonMobil
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Chevron Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Royal Dutch Shell
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
BP plc
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
TotalEnergies SE
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Halliburton
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Schlumberger Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Baker Hughes
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
ConocoPhillips
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Occidental Petroleum Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
CNOOC Limited
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Woodside Petroleum
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Aker Solutions
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
8. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
9. References and Research Methodology
References
Research Methodology
About Us
*Browse 32 market data tables and 28 figures on ‘Enhanced Oil Recovery Market' - Global forecast to 2032

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