Press release
Clear Brine Fluids Market Key Players : Albemarle Corporation, TETRA Technologies, GEO Drilling Fluids, Halliburton, Chemtura Corporation
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.
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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.
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.
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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.
Partial Chapter of the Table of Content
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.
Chapter 4. Clear Brine Fluids Industry Product Insights
4.1. Global clear brine fluids market share by product, 2015 & 2024
4.2. Potassium chloride
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Calcium chloride
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Sodium chloride
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Potassium bromide
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Sodium bromide
4.6.1. Market estimates and forecast, 2013 - 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
4.7. Calcium bromide
4.7.1. Market estimates and forecast, 2013 - 2024
4.7.2. Market estimates and forecast, by region, 2013 – 2024
4.8. Others
4.8.1. Market estimates and forecast, 2013 - 2024
4.8.2. Market estimates and forecast, by region, 2013 - 2024
A
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