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A report on Enhanced Oil Recovery (EOR) Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on Enhanced Oil Recovery (EOR) Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Enhanced Oil Recovery (EOR) Market products.
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According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth. The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.
Kenneth Research has released a report on Enhanced Oil Recovery (EOR) Market that studies the segments, trends, opportunities, growth drivers and restraints for the market throughout the forecast period, i.e. 2021 2025. The report further contains key matrices and industrial insights that helps decision makers to understand better about the market, including both the current scenario as well as the consequences in the coming years.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global Enhanced Oil Recovery Market. The report has analysed the Enhanced Oil Recovery Market by Method (Thermal, Gas Injection, Chemical) and By Application (Offshore, Onshore). The Global Enhanced Oil Recovery Market has been analysed By Region (North America, Latin America, Europe, Asia Pacific, MEA) and By Country (US, Canada, Rest Of North America, Mexico, Brazil, Rest Of Latin America, Russia, Rest Of Europe, China, Indonesia, Rest Of Asia Pacific, Qatar, Kuwait, Algeria, Nigeria, Rest Of MEA) for the historical period of 2014-2018 and the forecast period of 2019-2024.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Enhanced Oil Recovery Market was valued at USD 11.60 Billion in the year 2018. Key factors for high demand of Enhanced Oil Recovery includes upsurge in number of ageing and mature wells, increase in deep water drilling activities, rising number of offshore projects. Moreover, growing economy of under developed nations as well as rise in demand of global energy, product performance and durability will boost the demand for Enhanced Oil Recovery in the future period. Global Enhanced Oil Recovery market has gained importance as increasing consumption requirement influences the exploration of already matured oilfields. These markets are influenced by many factors including fluctuating crude oil and natural gas prices, changing consumer preferences, growing concern to reduce greenhouse emission and the overall strength of the economy.
The report titled“Global Enhanced Oil Recovery (EOR) Market: World Market Review By Method (Thermal, Gas Injection, Chemical), Application (Offshore, Onshore), By Region, By Country (2019 Edition): Forecast to 2024” has covered and analysed the potential of Global Enhanced Oil Recovery market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.
Scope of the Report
Global Enhanced Oil Recovery Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
Analysis by Method – Thermal, Gas Injection, Chemical.
Analysis by Application – Offshore, Onshore.
Competitive Landscape
Regional Analysis – North America, Latin America, Europe, Asia Pacific, Middle East & Africa (Actual Period: 2014-2018, Forecast Period: 2019-2024)
Analysis by Method – Thermal, Gas Injection, Chemical.
Analysis by Application – Offshore, Onshore.
Prominent Companies
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Country Analysis – United States, Canada, Mexico, Brazil, Russia, China, Indonesia, Qatar, Kuwait, Algeria, Nigeria (Actual Period: 2014-2018, Forecast Period: 2019-2024)
? Analysis by Method – Thermal, Gas Injection, Chemical.
? Analysis by Application – Offshore, Onshore.
? Prominent Companies
Other Report Highlights
Market Share of Leading Companies
Market Dynamics – Trends, Drivers, Challenges
Company Analysis – BP, Schlumberger, Halliburton, Royal Dutch Shell, BASF, Lukoil, ConocoPhillips, ExxonMobil, Chevron Corporation, Baker Hughes Inc.
Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.
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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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Mason Mount
Mason Mount is is an energetic and versatile freelance writer for 5 years, he pens down any type of article and web content. He is a Cambridge University Business English Certificate (Europe Level) holder. He is analytical, enthusiastic, and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses.
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