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Global Thermal Enhanced Oil Recovery Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Thermal Enhanced Oil Recovery Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Polymers
    • 1.3.3 Surfactants
    • 1.3.4 Alkaline Chemicals
    • 1.3.5 Foamers
    • 1.3.6 Others
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Thermal Enhanced Oil Recovery Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Onshore
    • 1.4.3 Offshore
  • 1.5 Global Thermal Enhanced Oil Recovery Market Size & Forecast
    • 1.5.1 Global Thermal Enhanced Oil Recovery Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Thermal Enhanced Oil Recovery Sales Quantity (2020-2031)
    • 1.5.3 Global Thermal Enhanced Oil Recovery Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 ExxonMobil Corporation
    • 2.1.1 ExxonMobil Corporation Details
    • 2.1.2 ExxonMobil Corporation Major Business
    • 2.1.3 ExxonMobil Corporation Thermal Enhanced Oil Recovery Product and Services
    • 2.1.4 ExxonMobil Corporation Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 ExxonMobil Corporation Recent Developments/Updates
  • 2.2 BP Plc
    • 2.2.1 BP Plc Details
    • 2.2.2 BP Plc Major Business
    • 2.2.3 BP Plc Thermal Enhanced Oil Recovery Product and Services
    • 2.2.4 BP Plc Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 BP Plc Recent Developments/Updates
  • 2.3 China Petroleum & Chemical Corporation
    • 2.3.1 China Petroleum & Chemical Corporation Details
    • 2.3.2 China Petroleum & Chemical Corporation Major Business
    • 2.3.3 China Petroleum & Chemical Corporation Thermal Enhanced Oil Recovery Product and Services
    • 2.3.4 China Petroleum & Chemical Corporation Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 China Petroleum & Chemical Corporation Recent Developments/Updates
  • 2.4 Royal Dutch Shell plc
    • 2.4.1 Royal Dutch Shell plc Details
    • 2.4.2 Royal Dutch Shell plc Major Business
    • 2.4.3 Royal Dutch Shell plc Thermal Enhanced Oil Recovery Product and Services
    • 2.4.4 Royal Dutch Shell plc Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Royal Dutch Shell plc Recent Developments/Updates
  • 2.5 Chevron Phillips Chemical Company LLC
    • 2.5.1 Chevron Phillips Chemical Company LLC Details
    • 2.5.2 Chevron Phillips Chemical Company LLC Major Business
    • 2.5.3 Chevron Phillips Chemical Company LLC Thermal Enhanced Oil Recovery Product and Services
    • 2.5.4 Chevron Phillips Chemical Company LLC Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Chevron Phillips Chemical Company LLC Recent Developments/Updates
  • 2.6 Petroliam Nasional Berhad (Petronas)
    • 2.6.1 Petroliam Nasional Berhad (Petronas) Details
    • 2.6.2 Petroliam Nasional Berhad (Petronas) Major Business
    • 2.6.3 Petroliam Nasional Berhad (Petronas) Thermal Enhanced Oil Recovery Product and Services
    • 2.6.4 Petroliam Nasional Berhad (Petronas) Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Petroliam Nasional Berhad (Petronas) Recent Developments/Updates
  • 2.7 Nalco Champion
    • 2.7.1 Nalco Champion Details
    • 2.7.2 Nalco Champion Major Business
    • 2.7.3 Nalco Champion Thermal Enhanced Oil Recovery Product and Services
    • 2.7.4 Nalco Champion Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Nalco Champion Recent Developments/Updates
  • 2.8 Statoil ASA
    • 2.8.1 Statoil ASA Details
    • 2.8.2 Statoil ASA Major Business
    • 2.8.3 Statoil ASA Thermal Enhanced Oil Recovery Product and Services
    • 2.8.4 Statoil ASA Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Statoil ASA Recent Developments/Updates
  • 2.9 Lukoil Oil Company
    • 2.9.1 Lukoil Oil Company Details
    • 2.9.2 Lukoil Oil Company Major Business
    • 2.9.3 Lukoil Oil Company Thermal Enhanced Oil Recovery Product and Services
    • 2.9.4 Lukoil Oil Company Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Lukoil Oil Company Recent Developments/Updates
  • 2.10 Praxair, Inc.
    • 2.10.1 Praxair, Inc. Details
    • 2.10.2 Praxair, Inc. Major Business
    • 2.10.3 Praxair, Inc. Thermal Enhanced Oil Recovery Product and Services
    • 2.10.4 Praxair, Inc. Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Praxair, Inc. Recent Developments/Updates
  • 2.11 Petroleo Brasileiro S.A.
    • 2.11.1 Petroleo Brasileiro S.A. Details
    • 2.11.2 Petroleo Brasileiro S.A. Major Business
    • 2.11.3 Petroleo Brasileiro S.A. Thermal Enhanced Oil Recovery Product and Services
    • 2.11.4 Petroleo Brasileiro S.A. Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Petroleo Brasileiro S.A. Recent Developments/Updates
  • 2.12 Cenovus Energy Inc.
    • 2.12.1 Cenovus Energy Inc. Details
    • 2.12.2 Cenovus Energy Inc. Major Business
    • 2.12.3 Cenovus Energy Inc. Thermal Enhanced Oil Recovery Product and Services
    • 2.12.4 Cenovus Energy Inc. Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Cenovus Energy Inc. Recent Developments/Updates
  • 2.13 Equinor ASA
    • 2.13.1 Equinor ASA Details
    • 2.13.2 Equinor ASA Major Business
    • 2.13.3 Equinor ASA Thermal Enhanced Oil Recovery Product and Services
    • 2.13.4 Equinor ASA Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Equinor ASA Recent Developments/Updates
  • 2.14 Husky Energy
    • 2.14.1 Husky Energy Details
    • 2.14.2 Husky Energy Major Business
    • 2.14.3 Husky Energy Thermal Enhanced Oil Recovery Product and Services
    • 2.14.4 Husky Energy Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Husky Energy Recent Developments/Updates
  • 2.15 Occidental
    • 2.15.1 Occidental Details
    • 2.15.2 Occidental Major Business
    • 2.15.3 Occidental Thermal Enhanced Oil Recovery Product and Services
    • 2.15.4 Occidental Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Occidental Recent Developments/Updates
  • 2.16 Suncor
    • 2.16.1 Suncor Details
    • 2.16.2 Suncor Major Business
    • 2.16.3 Suncor Thermal Enhanced Oil Recovery Product and Services
    • 2.16.4 Suncor Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.16.5 Suncor Recent Developments/Updates
  • 2.17 ConocoPhillips
    • 2.17.1 ConocoPhillips Details
    • 2.17.2 ConocoPhillips Major Business
    • 2.17.3 ConocoPhillips Thermal Enhanced Oil Recovery Product and Services
    • 2.17.4 ConocoPhillips Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.17.5 ConocoPhillips Recent Developments/Updates
  • 2.18 Imperial Oil
    • 2.18.1 Imperial Oil Details
    • 2.18.2 Imperial Oil Major Business
    • 2.18.3 Imperial Oil Thermal Enhanced Oil Recovery Product and Services
    • 2.18.4 Imperial Oil Thermal Enhanced Oil Recovery Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.18.5 Imperial Oil Recent Developments/Updates

3 Competitive Environment: Thermal Enhanced Oil Recovery by Manufacturer

  • 3.1 Global Thermal Enhanced Oil Recovery Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Thermal Enhanced Oil Recovery Revenue by Manufacturer (2020-2025)
  • 3.3 Global Thermal Enhanced Oil Recovery Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Thermal Enhanced Oil Recovery by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Thermal Enhanced Oil Recovery Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Thermal Enhanced Oil Recovery Manufacturer Market Share in 2024
  • 3.5 Thermal Enhanced Oil Recovery Market: Overall Company Footprint Analysis
    • 3.5.1 Thermal Enhanced Oil Recovery Market: Region Footprint
    • 3.5.2 Thermal Enhanced Oil Recovery Market: Company Product Type Footprint
    • 3.5.3 Thermal Enhanced Oil Recovery Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Thermal Enhanced Oil Recovery Market Size by Region
    • 4.1.1 Global Thermal Enhanced Oil Recovery Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Thermal Enhanced Oil Recovery Consumption Value by Region (2020-2031)
    • 4.1.3 Global Thermal Enhanced Oil Recovery Average Price by Region (2020-2031)
  • 4.2 North America Thermal Enhanced Oil Recovery Consumption Value (2020-2031)
  • 4.3 Europe Thermal Enhanced Oil Recovery Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Thermal Enhanced Oil Recovery Consumption Value (2020-2031)
  • 4.5 South America Thermal Enhanced Oil Recovery Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Thermal Enhanced Oil Recovery Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Thermal Enhanced Oil Recovery Sales Quantity by Type (2020-2031)
  • 5.2 Global Thermal Enhanced Oil Recovery Consumption Value by Type (2020-2031)
  • 5.3 Global Thermal Enhanced Oil Recovery Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Thermal Enhanced Oil Recovery Sales Quantity by Application (2020-2031)
  • 6.2 Global Thermal Enhanced Oil Recovery Consumption Value by Application (2020-2031)
  • 6.3 Global Thermal Enhanced Oil Recovery Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Thermal Enhanced Oil Recovery Sales Quantity by Type (2020-2031)
  • 7.2 North America Thermal Enhanced Oil Recovery Sales Quantity by Application (2020-2031)
  • 7.3 North America Thermal Enhanced Oil Recovery Market Size by Country
    • 7.3.1 North America Thermal Enhanced Oil Recovery Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Thermal Enhanced Oil Recovery Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Thermal Enhanced Oil Recovery Sales Quantity by Type (2020-2031)
  • 8.2 Europe Thermal Enhanced Oil Recovery Sales Quantity by Application (2020-2031)
  • 8.3 Europe Thermal Enhanced Oil Recovery Market Size by Country
    • 8.3.1 Europe Thermal Enhanced Oil Recovery Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Thermal Enhanced Oil Recovery Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Thermal Enhanced Oil Recovery Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Thermal Enhanced Oil Recovery Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Thermal Enhanced Oil Recovery Market Size by Region
    • 9.3.1 Asia-Pacific Thermal Enhanced Oil Recovery Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Thermal Enhanced Oil Recovery Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Thermal Enhanced Oil Recovery Sales Quantity by Type (2020-2031)
  • 10.2 South America Thermal Enhanced Oil Recovery Sales Quantity by Application (2020-2031)
  • 10.3 South America Thermal Enhanced Oil Recovery Market Size by Country
    • 10.3.1 South America Thermal Enhanced Oil Recovery Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Thermal Enhanced Oil Recovery Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Thermal Enhanced Oil Recovery Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Thermal Enhanced Oil Recovery Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Thermal Enhanced Oil Recovery Market Size by Country
    • 11.3.1 Middle East & Africa Thermal Enhanced Oil Recovery Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Thermal Enhanced Oil Recovery Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Thermal Enhanced Oil Recovery Market Drivers
  • 12.2 Thermal Enhanced Oil Recovery Market Restraints
  • 12.3 Thermal Enhanced Oil Recovery Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Thermal Enhanced Oil Recovery and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Thermal Enhanced Oil Recovery
  • 13.3 Thermal Enhanced Oil Recovery Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Thermal Enhanced Oil Recovery Typical Distributors
  • 14.3 Thermal Enhanced Oil Recovery Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Thermal Enhanced Oil Recovery market size was valued at US$ million in 2024 and is forecast to a readjusted size of USD million by 2031 with a CAGR of %during review period.
    In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
    This report is a detailed and comprehensive analysis for global Thermal Enhanced Oil Recovery market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Thermal Enhanced Oil Recovery market size and forecasts, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
    Global Thermal Enhanced Oil Recovery market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
    Global Thermal Enhanced Oil Recovery market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kiloton), and average selling prices (US$/Ton), 2020-2031
    Global Thermal Enhanced Oil Recovery market shares of main players, shipments in revenue ($ Million), sales quantity (Kiloton), and ASP (US$/Ton), 2020-2025
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Thermal Enhanced Oil Recovery
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Thermal Enhanced Oil Recovery market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ExxonMobil Corporation, BP Plc, China Petroleum & Chemical Corporation, Royal Dutch Shell plc, Chevron Phillips Chemical Company LLC, Petroliam Nasional Berhad (Petronas), Nalco Champion, Statoil ASA, Lukoil Oil Company, Praxair, Inc., etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Thermal Enhanced Oil Recovery market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Polymers
    Surfactants
    Alkaline Chemicals
    Foamers
    Others
    Market segment by Application
    Onshore
    Offshore
    Major players covered
    ExxonMobil Corporation
    BP Plc
    China Petroleum & Chemical Corporation
    Royal Dutch Shell plc
    Chevron Phillips Chemical Company LLC
    Petroliam Nasional Berhad (Petronas)
    Nalco Champion
    Statoil ASA
    Lukoil Oil Company
    Praxair, Inc.
    Petroleo Brasileiro S.A.
    Cenovus Energy Inc.
    Equinor ASA
    Husky Energy
    Occidental
    Suncor
    ConocoPhillips
    Imperial Oil
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Thermal Enhanced Oil Recovery product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Thermal Enhanced Oil Recovery, with price, sales quantity, revenue, and global market share of Thermal Enhanced Oil Recovery from 2020 to 2025.
    Chapter 3, the Thermal Enhanced Oil Recovery competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Thermal Enhanced Oil Recovery breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Thermal Enhanced Oil Recovery market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Thermal Enhanced Oil Recovery.
    Chapter 14 and 15, to describe Thermal Enhanced Oil Recovery sales channel, distributors, customers, research findings and conclusion.

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