Microbial enhanced oil recovery (MEOR) is a biological based technology consisting in manipulating function or structure, or both, of microbial environments existing in oil reservoirs. The ultimate aim of MEOR is to improve the recovery of oil entrapped in porous media while increasing economic profits. MEOR is a tertiary oil extraction technology allowing the partial recovery of the commonly residual two-thirds of oil, thus increasing the life of mature oil reservoirs.
Aging Oil and Gas Infrastructure, Rise in offshore drilling activities, demand for alternative technologies, Economic & Environmental Factors, CO2 Reducing Emission Policies & Rise in Demand for Fuel, are key factors to drive Microbial Enhanced Oil Recovery Market. Additionally, Microbial enhanced oil recovery market is driven by the facts such as increasing number of mature wells globally, rising demand for cleaner sources for extracting oil, and recovering prices of crude oil. Asia Pacific is projected to lead to its tremendous growth in the next few years. Several oil companies across Malaysia, China, and India are implementing the technology to enhance their output using low-cost solutions.

Market Analysis and Insights: Global Microbial EOR (Microbial Enhanced Oil Recovery) Market
The global Microbial EOR (Microbial Enhanced Oil Recovery) market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
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Global Microbial EOR (Microbial Enhanced Oil Recovery) Scope and Market Size
Microbial EOR (Microbial Enhanced Oil Recovery) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Microbial EOR (Microbial Enhanced Oil Recovery) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Biomass Formation
Bio-Surfactants
Bio-Polymers
Bio-Solvents
Organic Acids
Bio-Gases
Bio-emulsifiers
Hydrocarbon Metabolism

Segment by Application
Interfacial Tension Reduction
Emulsification and De-Emulsification
Selective Plugging & Wettability Alteration
Gas Production
Biodegradation

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Titan Oil Recovery
Chemiphase
GULF ENERGY SAOC
Environmental BioTechnologies
ONGC TERI Biotech Limited
RAM Biochemicals
Micro-Bac International
Microbial Energy