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(IT-NEWSWIRE.COM, March 28, 2018 ) According to Publisher research report, Global Microbial Enhanced Oil Recovery Market: Opportunities and Forecasts (2016-2021)", Microbial Enhanced Oil Recovery Market is projected to exhibit a CAGR of over ~17.37% during 2016E - 2021F. On the basis of market segment, the market has been segmented into three categories namely - By Metabolic Product, By Application, By Location of Application and By Regions. Few of the leading companies operating Microbial Enhanced Oil Recovery Market are Glori Energy Inc., DuPont, Titan Oil Recovery, Chemiphase, Genome prairie, ConcoPhilips, BP, Stat Oil, Shell, Gulf Energy LLC.
Aging Oil and Gas Infrastructure, Rise in offshore drilling activities, Need for alternative technologies, Economic & Environmental Factors, Lower Crude Oil Prices, CO2 Reducing Emission Policies & Rise in Demand for Fuel, are the basic reasons behind increased demands for the Microbial Enhanced Oil Recovery Market.
China has high exporting capacity for Natural Gas as well as is world's largest net importer of petroleum and other liquids, in part because of China's rising oil consumption. This has made Asia Pacific market for MEOR to grow during 2016-2021. Similarly MEOR Market for Middle East & Africa comprises of Oman, Kuwait, Saudi Arabia, Angola, as their most demanding nations for oil and gas owing to their high consumption demand for energy due to high industrial and manufacturing sector. North America has been able to maintain its high market for MEOR owing to its numerous MEOR field trials & projects especially in United States and Canada.
The report speaks about the offshore and onshore allocation of the market share wherein rise in the offshore explorations in MEOR at Norway, Malaysia and United States would drive the market in the offshore oil and gas industry. Moreover, the percentage share of the onshore market is anticipated to decline but would still be higher than offshore market until the year 2021. But stringent government regulations regarding oil & gas leaks, lower credibility and obstacles in production via MEOR is one of the biggest restraints faced by this industry. Aging Oil and Gas Infrastructure, Need for alternative technologies, Lower Crude Oil Prices & Rise in Demand for Fuel has surged the need for more Exploration & Production (E&P) activities that is further driving the market for Microbial Enhanced Oil Recovery. With the high demand for energy in the nations across the globe, there has been an increase in exploration activities leading to growth in the market for Microbial Enhanced Oil Recovery Market.
Scope of the Report
The report provides coverage:
By Metabolic Products
- Biomass Formation
- Bio-Surfactants
- Bio-Polymers
- Bio-Solvents
- Organic Acids
- Bio- Gases
- Bio-emulsifiers
- Hydrocarbon Metabolism
By Application
- Interfacial tension reduction
- Emulsification and de-emulsification
- Selective plugging
- Wettability alteration
- Gas production
- Biodegradation
By Location of Application
- Onshore
- Offshore
By Region
- North America
- South & Central America
- Asia Pacific
- Europe
- Middle East & Africa
By Country
- United States
- Canada
- Venezuela
- Mexico
- Oman
- Kuwait
- Saudi Arabia
- Angola
- Russia
- China
- Australia
Complete report is available at http://www.reportsweb.com/inquiry&RW0001532654/sample
Company Analysis
19.1 StatOil
19.2 Royal Dutch Shell plc.
19.3 BP p.l.c
19.4 ConocoPhillips
19.5 DuPont
19.6 Titan oil recovery Inc.
19.7 Glori Energy Inc.
19.8 Gulf energy LLC
19.9 Genome Prairie
19.1 Chemiphase
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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