GITNUX MARKETDATA REPORT 2024

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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