DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Microbial Enhanced Oil Recovery (MEOR) Market: Opportunities and Forecasts (2016-2021)" report to their offering.
Microbial Enhanced Oil Recovery Market is forecasted to grow at a CAGR of 17.37% during 2016-2021F, on account of increased activities in exploration and production activities in the oil and gas sector along with rise in number MEOR projects and field trails in various nations across the globe.
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.
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.
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
For more information about this report visit http://www.researchandmarkets.com/research/47pwwc/global_microbial
