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Surfactant EOR Market: Overview

EOR (enhanced oil recovery) refers to the extraction of previously unobtainable crude oil from the deposit using non-traditional methods. One of these involves injecting surfactants into the field to reduce interfacial tension, change the wettability, and control mobility in order to increase the amount of oil recovered from a previously water-flooded reservoir.

EOR technologies aim to recover billions of barrels which have already been discovered, yet are historically beyond reach. The polymer from the surfactant gets displaced during this process, increasing the viscosity of water injected into the oil reservoir. This enables the surfactant to exert more pressure on the oil without forcing its way past and simply flowing through. This method is less effective on low permeability rock structures. Recent advances in both research and surfactant product technology have lowered chemical concentrations, which, in practical terms, lessens the amount of surfactant required.

Surfactant EOR Market: Dynamics and Trends

Recent developments in surfactant enhanced oil recovery (EOR) have greatly reduced the surfactant concentration required for effective oil recovery. Some of the primary trends followed include surfactant flooding, which boosts oil production by increasing its mobility and allowing better displacement by injecting water. It enhances the wettability of porous rocks by allowing water to flow through them, rapidly displacing more oil. Polymer displacement is a method which relies on increasing the viscosity of water, owing to which it is less effective on low permeability rock structures. Alkaline displacement depends on the chemical interaction of alkali, oil, and rock. When introduced to an oil field, the alkaline agent reacts with the oil, forming surfactants which reduce interfacial tension. This allows the oil to pass through porous rock more effectively. Microbiological treatment introduces specific micro-organisms to an oil field which metabolize some of the hydrocarbon, in turn producing byproducts which assist in oil recovery. These byproducts include solvents, acids, alcohols, bio-polymers, bio-surfactants, and gases.

There is global demand for low concentration surfactant to assist flooding, while increasing the field permeability, overcoming the capillary, cohesion, and conglutination force barriers to oil recovery. Surfactant manufacturers today also deliver advanced and safer EOR products at prices lower than ever before. Some of these innovations also cause an overall improvement in the environment and human health. A few of the recently developed EOR surfactants have been derived from plant resources such as sunflower oil, soy and corn oil, amine reacted with free fatty acids, fatty alcohols, esters and wax esters derived from soy, and corn and seed oil fractions. They are readily biodegradable, non-toxic, and non-hazardous.

Surfactant EOR Market: Segmentation

The surfactant EOR market can be divided into the following segments: di-tridecyl sulfosuccinic acid ester, coconut diethanolamide, alkylpolyglycosides, and alkylpropoxy sulfate sodium salts by surfactant class; onshore and offshore in terms of application; and distributed over North America, Latin America, Europe, Asia Pacific, and Middle East & Africa based on region.

Surfactant EOR Market: Region-wise Outlook

The surfactants EOR market in Asia Pacific and Middle East & Africa is speedily expanding, with the ongoing projects in China and India expected to be significant drivers.

Surfactant EOR Market: Key Players

Key players operating in the surfactant EOR market include BASF SE, The DOW Chemical Company, Halliburton Company, Chevron, Schlumberger Inc. Huntsman Corporation, Lubrizol Corporation, Sasol Ltd., Shell Chemicals, Solvay S.A., Stepan Company, Cairn India, and Envirofluids. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Surfactant Eor Market

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