Clear Brine Fluids Market shipments to register 5% growth to 2024

The overall clear brine fluids market price trends follow similar dynamics with crude oil prices. Wavering crude oil price is likely to hamper the overall product demand across oil & gas business.

Selbyville, United States – June 28, 2019 /MarketersMedia/ —

The Clear Brine Fluids Market is set to grow from its current market value of more than $870 million to over $1.4 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

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. 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.

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.

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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.

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

Glimpse of Table of Content (ToC)

Chapter 3. Clear Brine Fluids Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.3.2. Distribution channel analysis
3.4. Clear brine fluids industry impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing product demand from oil & gas industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Political imbalance in the Middle East
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7. Company market share analysis, 2015
3.7.1. Strategic landscape
3.8. PESTEL analysis
3.9 Regional price trends
3.9.1. Cost structure analysis
3.9.2. Raw material trends

Browse Full TOC @ https://www.gminsights.com/toc/detail/clear-brine-fluids-market

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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