Growing Oil Demand and Import in Asia Pacific to Fuel Growth of Global Enhanced Oil Recovery at a CAGR of 26.7% from 2013 to 2023

Albany, NY -- (ReleaseWire) -- 01/29/2015 -- According to "Enhanced Oil Recovery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2023", a recent report published by Transparency Market Research, the global market for enhanced oil recovery (EOR), valued at US$38.1 billion in 2012, is projected to reach US$516.7 billion by the end of 2023. The report states that the global enhanced oil recovery market will grow at 26.7% CAGR during the forecast period.