Microbial Enhanced Oil Recovery Market Size

  • Report ID: 3824
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Microbial Enhanced Oil Recovery Market Size

Microbial Enhanced Oil Recovery (MEOR) Market size is expected to cross USD 200 Million by the end of 2035, growing at a CAGR of 20% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of microbial enhanced oil recovery was over USD 100 Million. The primary factor for market growth is the rapid boom in the global oil and gas industry.  The oil and gas industry plays a crucial role in energy management but is also a significant supplier of raw materials for chemical products, which include pharmaceuticals, solvents, fertilizers, pesticides, and others. Thus, to ensure reliable and stable operations of the oil and gas industry, microbial enhanced oil recovery (MEOR) plays an imperative role. Hence, with the intensive growth of the oil and gas industry, the utilization rate of microbial enhanced oil recovery (MEOR) is also expected to grow, which in turn is projected to help in expansion of market growth during the forecast period. The latest reports suggest that the revenue generation of the global oil and gas industry in 2022 was USD 5 trillion. This figure is further anticipated to increase and reach almost USD 10 trillion by 2025, with a growth rate of 10%.

With the recent escalation in the demand for energy fuels such as oil and petroleum, the demand for crude oil is also increasing subsequently. Therefore, drilling processes have also increased however large quantities of valuable oil remains trapped in the reservoir even after the implementation of oil extraction processes. In such scenarios, microbial enhanced oil recovery (MEOR) is used for extracting the remaining oil from the reservoirs and increasing the oil production to fulfill the worldwide demand for oils. This factor is considered to create many favorable opportunities for market players to generate robust revenue for market growth during the forecast period. Moreover, microbial enhanced oil recovery is an effective solution for clearing the obstacles in the way of optimized oil production including the high viscosity of petroleum, impermeability of the rocks and reservoirs, and high capillary forces that helps in retaining the oil in wells for further process. All these advantages couple up to create a positive outlook for market growth.


Microbial Enhanced Oil Recovery (MEOR) Market
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Author Credits:  Dhruv Bhatia


  • Report ID: 3824
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the market growth are the increasing number of mature wells across the globe, and the growing demand for cleaner sources for extracting oil.

The market size of microbial enhanced oil recovery (MEOR) is anticipated to attain a CAGR of ~20% over the forecast period, i.e., 2023-2035.

Growing adoption of renewable sources of energy is estimated to hamper the market growth.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are DuPont De Nemours Inc., BP Plc, Chemiphase Ltd., Environmental BioTechnologies Inc., Equinor ASA, Micro-Bac International Inc., ONGC TERI Biotech Ltd., RAM Biochemicals Inc., Titan Oil Recovery Inc., Qyrin Petroleum Technology, and other key players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by bacterial injection, type, mechanism, application, well type, and by region.

The bacterial flooding segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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