Microbial Enhanced Oil Recovery Market Size

  • Report ID: 3824
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Microbial Enhanced Oil Recovery Market Size

Microbial Enhanced Oil Recovery (MEOR) Market size was over USD 143.64 million in 2024 and is poised to exceed USD 1.5 billion by 2037, growing at over 19.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of microbial enhanced oil recovery is evaluated at USD 192.75 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.


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Author Credits:  Dhruv Bhatia


  • Report ID: 3824
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of microbial enhanced oil recovery is evaluated at USD 192.75 million.

The microbial enhanced oil recovery market size was over USD 143.64 million in 2024 and is poised to exceed USD 1.5 billion by 2037, growing at over 19.8% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by increasing number of mature wells across the globe, and the growing demand for cleaner sources for extracting oil.

North America industry is set to account for largest revenue share of 35% by 2037, owing to large consumption of petroleum, petroleum products, and oilfield chemicals.

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
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