Clear Brine Fluids Market to expand at a CAGR of 6.2% | Page 2

Clear Brine Fluids Market REPORT DESCRIPTION Clear Brine Fluids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 With increasing oil and gas drilling activities worldwide, the demand for quality clear brine fluids is also increasing due to their role in the drilling completion process. Leading companies operating in the global clear brine fluids marketare focusing on acquiring smaller organizations to expand their business. The key players in the global clear brine fluids market comprise Israel Chemicals Ltd., Albemarle Corporation, and TETRA Technologies with a share of 42.1% in the market as of 2014. Due to the existence of few large MNCs, the degree of competition in the global clear brine fluids market is moderate. To maintain their position in the global clear brine fluids market, the leading market players are focusing on the reduction of production costs of clear brine fluids to enable completion of offshore drilling projects. However, the prevalence of entry barriers such as brand equity is likely to inhibit the entry of new players in the global clear brine fluids market. View exclusive Global strategic Business Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2197 Rising Oil and Gas Drilling Activities in Developed Nations to Drive Sales of Clear Brine Fluids The Organization of Petroleum Exporting Countries (OPEC) plays a major role in fixing the global price of crude oil. As a result of this, developed nations are determined on the creation of their own energy resources to reduce dependence on OPEC. According to TMR analysts, “Developed nations including Canada, the U.K., the U.S., and Australia are striving for energy security and are making huge capital investments in oil and gas exploration.” This is resulting in a rise in drilling activities and consequently, a spike in the sales of clear brine fluids. Political Imbalance in the Middle East to Act against Growth of Global Clear Brine fluids Industry 2 Transparency Market Research