Chemical EOR Market Expected to Witness Robust Growth Amid Rising Global Oil Demand

The global Chemical EOR (Enhanced Oil Recovery) market is poised for significant expansion as oil and gas producers increasingly adopt advanced recovery techniques to maximize production from mature and aging reservoirs. Chemical EOR involves the injection of chemicals such as polymers, surfactants, and alkalis to improve oil displacement efficiency. According to Market Intelo, the chemical EOR market was valued at USD 4.2 billion in 2022 and is projected to reach USD 7.1 billion by 2030, growing at a CAGR of 6.5% from 2023 to 2030.

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