Press release
Clear Brine Fluids Market Key Players: Albemarle Corporation, TETRA Technologies, GEO Drilling Fluids, Halliburton, Chemtura Corporation
Clear Brine Fluids Market
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For instance, the worldwide oil rig count in 2013 was nearly 15 thousand and is expected to surpass 20 thousand over the coming seven years. In addition to this, high focus on exploring alternative (fuel) resources such as shale gas, tight gas, coal bed methane, and methane hydrates are expected to boost the product demand, thereby benefitting the clear brine fluids business. High energy requirements as a result of the exponential rise in the population is projected to drive the clear brine fluids industry trends over the coming timeframe.
Based on the product trends, clear brine fluids industry is segmented into potassium chloride, sodium chloride, calcium bromide, calcium chloride, potassium bromide, and sodium bromide. Potassium chloride, which dominated product landscape in 2015, is expected to witness an escalating growth over the coming years.
Extensive applications across oil & gas sector as well as in drilling activities coupled with low costs is expected to augment the revenue. Calcium bromide is expected to contribute substantially towards clear brine fluids industry revenue over the coming seven years.
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Regional highlights pertaining to clear brine fluids market over 2016-2024 are as below:
• North America clear brine fluids market value, which was estimated at USD 550 million in 2015, is expected to experience substantial growth over the coming years. High product demand along with the large presence of shale gas reservoirs in the region will push the revenue. Furthermore, strict measures to reduce energy consumption taken by the government is predicted to support the regional growth. U.S. is forecast to be the major regional revenue contributor.
• Rise in the number of shale gas exploration activities in countries such as Algeria and South Africa is expected to drive MEA clear brine fluids industry revenue over the coming timeframe.
• Asia Pacific clear brine fluids industry is anticipated to witness significant gains of 6% over the period of 2016-2024, driven by the high availability of recoverable shale gas in the region. China is anticipated to be a key regional revenue pocket.
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
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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