Clear Brine Fluids Market Forecast by Key Players: Halliburton and Chemtura Corporation, Albemarle Corporation, Solent Chemicals, Israel Chemicals, EMEC, Zirax

Massive changes in the oil and gas industry dynamics over the past few years have significantly driven clear brine fluids market. These clear brine fluids are extensively used in traditional oil drilling process for maintaining the internal pressure and temperature, thereby limiting the reservoir damage risk. The fact that the number of oil rigs across the world is increasing notably day by day, the demand for the product is likely to surge in the coming years. For instance, in 2013 global oil rig count was almost 15000, which is estimated to cross 20000 by 2024. U.S., Canada are some of the few topographies expected to contribute prominently to the market share, subject to the increasing installation of oil rigs in these regions. As per a report by Global Market Insights, Inc., “Clear brine fluids market is slated to exceed a revenue of USD 1 billion by the end of 2024, with a projected CAGR of 5% over 2016-2024.”

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1133

Heavy depletion of conventional energy sources has resulted in an increasing emphasis on exploration of alternative fuel sources such as shale gas, tight gas, coal-based methane, etc. This shifting trend toward unconventional energy sources is shedding a positive influence on clear brine fluids market share. In this regard, shale boom in U.S. and Russia has immensely affected the overall market dynamics, subject to the fact that it has substantially increased the product demand. Since the application landscape of clear brine fluids market is mainly centralized around oil and gas industry, huge crude oil price discrepancies over the past couple of years, is negatively impacting the clear brine fluids market price trends. Nonetheless, escalating energy demand both from unconventional and conventional sources is expected to scale up the growth chart.

Considering the product trends, potassium chloride emerged as one of the dominating segments in 2015, accounting for almost 25% of clear brine fluids industry. Potassium chloride based brine fluids are widely deployed in oil & gas applications, as this composition helps in the stabilization of oil pressure during the drilling process. Comparatively cheaper cost is another factor that is allowing heavy penetration of this product segment. Other than this, calcium bromide based clear brine fluids market will also witness considerable growth at a CAGR of 5% over 2016-2024.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1133

In 2015, North America clear brine fluids market share accounted for more than 50% of the global volume. Robust U.S. oil & gas industry was the major factor attributing regional growth. Furthermore, the U.S. and Canada together have approximately 550 rig units, which significantly contributes to the regional growth. Additionally, shale gas exploration in the region will complement to the industry growth in the coming years.

Asia Pacific, mainly led by China, will witness maximum growth close to 6% over the estimated period. The regional growth will be primarily driven shale gas exploration in China. For example, China holds approximately 15% of the overall recoverable shale gas, which signifies massive growth potential for clear brine fluids market size by 2024 in the region.

Browse key industry insights spread across 118 pages with 95 market data tables & 13 figures & charts from the report, “Clear Brine Fluids Market Size By Product (Potassium Chloride, Calcium Chloride, Sodium Chloride, Potassium Bromide, Sodium Bromide, Calcium Bromide), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/clear-brine-fluids-market

In 2015, clear brine fluids market size was consolidated with six major industry share contributors holding approximately 30% of the global share. Some prominent industry share contributors are Halliburton and Chemtura Corporation, Albemarle Corporation, Solent Chemicals, Israel Chemicals, EMEC, Zirax, TETRA Technologies and Geo Drillings Fluids.

Clear Brine Fluids market 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
• Potassium chloride
• Calcium chloride
• Sodium chloride
• Potassium bromide
• Sodium bromide
• Calcium bromide
• Others
The above information is provided on a regional and country basis for the following:
o North America
o U.S.
o Canada
o Europe
o Germany
o UK
o France
o Spain
o Italy
o Asia Pacific
o China
o India
o Japan
o Australia
o Indonesia
o Malaysia
o Latin America
o Brazil
o Mexico
o Middle East & Africa
o South Africa
o GCC

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.