Clear Brine Fluids Market
REPORT DESCRIPTION
Clear Brine Fluids Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 201 – 2023
As per the findings of a recent report by Transparency Market Research (TMR), the global clear brine
fluids market is highly consolidated in nature with well-established players enjoy stronghold over the
supply as well as distribution. Some of the key companies in the global clear brine fluids market
identified by the report are Israel Chemicals Ltd., Tetra Technologies Inc., Albemarle Corporation, and
Great Lake Solutions, who collectively accounted for 42.1% of the market in 2014. This being a
market that requires high initial capital, the threat from new entrants is bleak, while the leading
vendors are expected to acquire small- and medium-scale players in order to maintain their
dominance over the market as well as expand their geographical presence.
As per the projections provides by the report, the demand in the global clear brine fluids market will
expand at a healthy CAGR of 6.2% during the forecast period of 2015 to 2023, reaching an estimated
valuation of US$1,444.7 mn by the end of 2023, significantly up from its evaluated worth of US$944.8
mn in 2016. In the near future, the key players are also expected to focus on the reduction of
production costs in order to enable the completion of offshore drilling projects.
Browse Market Research Report @ http://www.transparencymarketresearch.com/clear-brine-
fluids-market.html
Potassium Chloride Most Profitable Product Segment
Product-wise, the TMR report segments the global clear brine fluids market into calcium chloride,
potassium chloride, sodium chloride, sodium bromide, potassium bromide, calcium bromide, and
others such as aluminum chloride and zinc bromide. As per the projections of the report, the
potassium chloride segment will expand at the most prominent CAGR of 6.5% during the forecast
period of 2015 to 2023, gaining from its growing usage for stabilizing water sensitive clays during the
extraction process, wherein it helps to control the formation of pressure and damages to the
reservoirs in the end-use industries. On the other hand, the report also anticipates significant growth
in the calcium chloride brine fluids segment, which is an effective component used for the formation of
brine completion and work fluids. As the oil and gas industry flourishes, calcium chloride brine fluids
will continue to gain traction for its usefulness in clay hydration while drilling.
North America Maintaining Strong Demand
North America, which houses a number of leading oil and gas companies, currently serves the
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