Press release
Clear Brine Fluids Market to witness gains at 5% CAGR by 2024.
Growing oil & gas industry will be the chief growth driver for the clear brine fluids market over the forecast duration. The product is extensively employed in drilling process and completion activities. It is used in conventional drilling for controlling high -temperature and high-pressure in reservoir and thereby reducing damage risk. Booming Oil & gas industry coupled with rising rig counts shall substantially contribute towards global clear brine fluids market growth during the forecast duration."Clear Brine Fluids Market is forecast to reach USD 1.4 billion according to this new research report.”
Shale gas production in U.S has further complimented oil & gas industry, which in turn, shall positively influence clear brine fluids market growth by 2024. For example, in 2009, production of shale gas was approximately 3 trillion cubic feet and in 2015 reached around 9 trillion cubic feet. Moreover, natural resources (natural gas and crude oil) depletion has widened the natural gas and crude oil demand and supply and drifted industry focus towards renewable resources development such as coal-bed methane, methane hydrates, shale gas/oil and tight gas. These factors shall accelerate product demand in oil & gas sector over the forecast timeframe.
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Potassium chloride segment of overall clear brine fluids market accounted for approximately 25% of total industry share. This segment is likely to witness maximum gains during the forecast period. In 2016, it was valued close to USD 150 million. It is highly desirable in oil & gas industry due to the economic benefits as well as its ability to stabilize water-sensitive clay from excessive pressure in reservoirs during completion and drilling processes. Increasing shale gas reserves exploration activities across Canada, UK and the U.S will propel product demand during forecast duration.
Calcium bromide segment shall witness growth rate more than 5% in the forecast period. It is widely used in numerous applications including completion and workover fluids. Calcium bromide, on account of its inhibitive properties, is extensively employed to minimize damage caused due to formation pressure.
North America clear brine fluids market, led by U.S, was valued at over USD 550 million in 2016. Extensive product application in shale gas exploration and production activities coupled with increasing investments by U.S government for improving their energy scenario shall propel the product demand across the region.
Browse key industry insights from the report, “Clear Brine Fluids market in detail along with the table of contents:
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Asia Pacific, especially China, is anticipated to witness substantial growth rate of more than 6% over the forecast duration. China held almost 15% of global recoverable reserves of shale gas in 2016. Shale gas exploration in Algeria and South Africa shall stimulate usage of product in Middle East & Africa, which in turn will boost clear brine fluids market growth in the coming years.
In 2016, clear brine fluids market was fairly consolidated with key six companies holding close to 30% of global market share. Major industry players are Egyptian Chemicals Company (EMEC), Israel Chemicals Limited, Chemtura Corporation, Solent Chemicals, Zirax Limited, TETRA Technologies, Geo Drillings Fluids, Albemarle Corporation and Halliburton. Prominent players in the industry are engaged in mergers & acquisitions, for instance, Chemtura Corporation, in 2012, acquired bromine division of Solaris Industries Limited to strengthen the position in bromine derivatives with expansion plans in Asia Pacific.
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Clear Brine Fluids research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
Clear Brine Fluids market by product
o Potassium chloride
o Calcium chloride
o Sodium chloride
o Potassium bromide
o Sodium bromide
o Calcium bromide
o Others
The above information is provided on a regional and country basis for the following:
o North America
§ U.S.
§ Canada
o Europe
§ Germany
§ UK
§ France
§ Spain
§ Italy
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ Indonesia
§ Malaysia
o Latin America
§ Brazil
§ Mexico
o Middle East & Africa
§ South Africa
§ GCC
Report Content
Chapter 5. Clear Brine Fluids Industry Regional Insights
5.1. Global clear brine fluids market share by region, 2015 & 2024
5.2. North America
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast, by product, 2013 – 2024
5.2.3. U.S.
5.2.3.1. Market estimates and forecast, 2013 – 2024
5.2.3.2. Market estimates and forecast, by product, 2013 – 2024
5.3.4. Canada
5.3.4.1. Market estimates and forecast, 2013 – 2024
5.3.4.2. Market estimates and forecast, by product, 2013 – 2024
5.3. Europe
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast, by product, 2013 – 2024
5.3.3. Germany
5.3.3.1. Market estimates and forecast, 2013 – 2024
5.3.3.2. Market estimates and forecast, by product, 2013 – 2024
5.3.4. UK
5.3.4.1. Market estimates and forecast, 2013 – 2024
5.3.4.2. Market estimates and forecast, by product, 2013 – 2024
5.3.5. France
5.3.5.1. Market estimates and forecast, 2013 – 2024
5.3.5.2. Market estimates and forecast, by product, 2013 – 2024
5.3.6. Spain
5.3.6.1. Market estimates and forecast, 2013 – 2024
5.3.6.2. Market estimates and forecast, by product, 2013 – 2024
5.3.7. Italy
5.3.7.1. Market estimates and forecast, 2013 – 2024
5.3.7.2. Market estimates and forecast, by product, 2013 – 2024
5.4. Asia Pacific
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by product, 2013 - 2024
5.4.3. China
5.4.3.1. Market estimates and forecast, 2013 - 2024
5.4.3.2. Market estimates and forecast, by product, 2013 - 2024
5.4.4. India
5.4.4.1. Market estimates and forecast, 2013 - 2024
5.4.4.2. Market estimates and forecast, by product, 2013 – 2024
5.4.5. Japan
5.4.5.1. Market estimates and forecast, 2013 - 2024
5.4.5.2. Market estimates and forecast, by product, 2013 - 2024
5.4.6. Australia
5.4.6.1. Market estimates and forecast, 2013 - 2024
5.4.6.2. Market estimates and forecast, by product, 2013 – 2024
5.4.7. Indonesia
5.4.7.1. Market estimates and forecast, 2013 - 2024
5.4.7.2. Market estimates and forecast, by product, 2013 - 2024
5.4.8. Malaysia
5.4.8.1. Market estimates and forecast, 2013 - 2024
5.4.8.2. Market estimates and forecast, by product, 2013 – 2024
5.5. Latin America (LATAM)
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by product, 2013 – 2024
5.5.3 Brazil
5.5.3.1 Market estimates and forecast, 2013 - 2024
5.5.3.2 Market estimates and forecast, by product, 2013 – 2024
5.5.4 Mexico
5.5.4.1 Market estimates and forecast, 2013 - 2024
5.5.4.2 Market estimates and forecast, by product, 2013 – 2024
5.6. Middle East & Africa (MEA)
5.6.1. Market estimates and forecast, 2013 - 2024
5.6.2. Market estimates and forecast, by product, 2013 – 2024
5.6.3 South Africa
5.6.3.1 Market estimates and forecast, 2013 - 2024
5.6.3.2 Market estimates and forecast, by product, 2013 – 2024
5.6.3 GCC
5.6.3.1 Market estimates and forecast, 2013 - 2024
5.6.3.2 Market estimates and forecast, by product, 2013 – 2024
Chapter 6. Company Profiles
6.1. Egyptian Mud Engineering & Chemicals Company (EMEC)
6.1.1. Business Overview
6.1.2. Financial Data
6.1.3. Product Landscape
6.1.4. Strategic Outlook
6.2. Albemarle Corporation
6.2.1. Business Overview
6.2.2. Financial Data
6.2.3. Product Landscape
6.2.4. Strategic Outlook
6.3. Geo Drillings Fluids, Inc.
6.3.1. Business Overview
6.3.2. Financial Data
6.3.3. Product Landscape
6.4.4. Strategic Outlook
6.4. Great Lake Solutions
6.4.1. Business Overview
6.4.2. Financial Data
6.4.3. Product Landscape
6.4.4. Strategic Outlook
6.5. Israel Chemicals Ltd.
6.5.1. Business Overview
6.5.2. Financial Data
6.5.3. Product Landscape
6.5.4. Strategic Outlook
6.6. Zirax Ltd.
6.6.1. Business Overview
6.6.2. Financial Data
6.6.3. Product Landscape
6.6.4. Strategic Outlook
6.7. Solent Chemicals
6.7.1. Business Overview
6.7.2. Financial Data
6.7.3. Product Landscape
6.7.4. Strategic Outlook
6.8. TETRA Technologies, Inc.
6.8.1. Business Overview
6.8.2. Financial Data
6.8.3. Product Landscape
6.8.4. Strategic Outlook
6.9. Cabot Corporation
6.9.1. Business Overview
6.9.2. Financial Data
6.9.3. Product Landscape
6.9.4. Strategic Outlook
6.10. Clements Fluids
6.10.1. Business Overview
6.10.2. Financial Data
6.10.3. Product Landscape
6.10.4. Strategic Outlook
6.11. GEO Drilling Fluids Inc.
6.11.1. Business Overview
6.11.2. Financial Data
6.11.3. Product Landscape
6.11.4. Strategic Outlook
6.12. Israel Chemicals Ltd
6.12.1. Business Overview
6.12.2. Financial Data
6.12.3. Product Landscape
6.12.4. Strategic Outlook
6.13. Halliburton
6.13.1. Business Overview
6.13.2. Financial Data
6.13.3. Product Landscape
6.13.4. Strategic Outlook
6.14. Chemtura Corporation
6.14.1. Business Overview
6.14.2. Financial Data
6.14.3. Product Landscape
6.14.4. Strategic Outlook
6.15. TETRA Technologies
6.15.1. Business Overview
6.15.2. Financial Data
6.15.3. Product Landscape
6.15.4. Strategic Outlook
Browse full Table of Content @ https://www.gminsights.com/toc/detail/clear-brine-fluids-market
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