Clear brine fluids market to Expand to usd 2 03 billion by 2020 Clear Brine Fluids Market 2020

Clear Brine Fluids Market is expected to reach USD 2.03 billion by
2020: Radiant Insights, Inc
The global clear brine fluids market is expected to reach USD 2.03 billion by 2020. Increase in drilling
activities particularly in the U.S., Brazil, China and Western Africa is expected to remain a key driving
factor for global clear brine fluids market. Increasing deep water exploration investment particularly in
"The Golden Triangle" is also expected to have a positive influence on the market growth over the next
six years. Stringent environmental regulations across the U.S. and Europe on account of ground water
contamination caused by clear brine fluids is expected to remain a major challenge for market
participants.
Potassium chloride was the largest product segment and accounted for 24.3% of total market volume in
2013. Wide range of chloride applications is expected to remain a key driver for this segment. Potassium
chloride is also expected to witness the highest growth rate at 10.3% from 2014 to 2020. Global calcium
chloride based clear brine fluids are expected to reach a market worth USD 72 million by 2020. The
chlorides and bromides clear brine fluids have been substituting conventional drilling mud on account of
their higher efficiency and cost effectiveness.
View Full Report with TOC @ http://www.radiantinsights.com/research/clear-brine-fluids-marketanalysis-by-product-potassium-chloride-calcium-chloride-sodium-chloride-potassium-bromidesodium-bromide-calcium-bromide-and-segment-forecasts-to-2020
Further key findings from the study suggest:
Global clear brine fluids market demand was 1,010.2 kilo tons in 2013 and is expected to reach 1,977.5
kilo tons by 2020, growing at a CAGR of 10.1% from 2014 to 2020.
North America emerged as the leading regional market for clear brine fluids and accounted for 64.9% of
total market volume in 2013. Increasing drilling activities in the U.S. on account of shale gas boom and in
Gulf of Mexico remained a key driving factor for the regional market.
Asia Pacific is expected to witness the highest growth at 11% over the next six years. Increasing drilling
activities in China on account of presence of large amount of untapped shale gas in place is expected to
remain a key driving factor for the regional market. European clear brine fluids market is expected to
reach USD 162.3 million by 2020, growing at a CAGR of 12% from 2014 to 2020.
Global clear brine fluids market is moderately concentrated with top four companies including M-I
SWACO, Halliburton, Israel Chemicals Ltd., TETRA Technologies accounted for over 50% of the total
market. Other market participants include Albemarle Corporation, Baker Hughes Inc., Zirax Ltd., The
Egyptian Mud Engineering & Chemicals Co., GEO Drilling Fluids Inc., Newpark Resources Inc. and
Chemtura Corporation. Clear brine fluids market recently, witnessed number of mergers and acquisitions
leading to significant opportunities for market participants.