Enhanced Oil Recovery Industry Statistics

The Enhanced Oil Recovery industry is expected to grow steadily, driven by advancements in technology and increasing global demand for oil.

Statistic 1

"Enhanced Oil Recovery (EOR) market value reached over USD 33 billion in 2018."

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Statistic 2

"Expected to grow at a CAGR of 15.2% from 2019 to 2025, the EOR market size is projected to reach USD 89.22 billion."

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Statistic 3

"Gas EOR dominated the market in 2018, accounting for a volume share of 60%."

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Statistic 4

"Chemical EOR segment is expected to experience the highest growth from 2019 to 2025, at a CAGR of over 4%."

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Statistic 5

"Middle East & Africa EOR market will value over USD 20 billion by 2024."

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Statistic 6

"Asia Pacific EOR market is expected to grow at a CAGR of 11.4% from 2019 to 2025."

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Statistic 7

"The UAE held a market share of over 15% in the Middle East EOR market in 2018."

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Statistic 8

"China is predicted to witness growth of over 18% in the EOR market from 2019 to 2025."

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Statistic 9

"Saudi Arabia accounted for over 60% of the Middle East EOR market in 2018."

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Statistic 10

"The CO2 EOR market is projected to exceed 5 billion by 2025 in U.S."

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Statistic 11

"Canada’s EOR market is anticipated to expand at a 4.5% CAGR through 2025, to USD 4 billion."

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Statistic 12

"Offshore EOR applications are predicted to increase at a 20.4% CAGR from 2020-2026."

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Statistic 13

"Latin America EOR market valued at USD 2.6 billion in 2020, with Brazil leading at 64.6% share."

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Statistic 14

"Europe EOR market projected to reach USD 8.6 billion by 2026, with Russia leading."

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Statistic 15

"Global Thermal EOR market expected to reach USD 46.48 billion by 2026."

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Statistic 16

"Gas EOR segment in Europe expected to grow at a CAGR of 4.7% through 2026."

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Statistic 17

"In the U.S., EOR methods have accounted for roughly 20% of U.S. oil production."

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