CO2 EOR

CO2 EOR

Global CO2 EOR Market to Reach $4.6 Billion by 2027

Amid the COVID-19 crisis, the global market for CO2 EOR estimated at US$3.9 Billion in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2027, growing at a CAGR of 2.6% over the period 2020-2027.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 4.8% CAGR

The CO2 EOR market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$929.9 Million by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.We bring years of research experience to this 5th edition of our report. The 137-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

• Baker Hughes, a GE company
• BP PLC
• Chevron Corporation
• ConocoPhillips Company
• Denbury Resources Inc.
• Exxon Mobil Corporation
• Halliburton
• Kinder Morgan, Inc.
• Lukoil Oil Company
• Nalco an Ecloab Company
• Occidental Petroleum Corporation
• Petroleum Development Oman
• Royal Dutch Shell PLC
• Schlumberger Ltd.
• Statoil ASA
• Total SA
• Wintershall Holding GmbH

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