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Clear Brine Fluids Market to Reach US$1.44 Billion by 2023, Potassium Chloride Demand to Remain High - Transparency Market Research


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Transparency Market Research

10 Feb, 2016, 12:30 GMT

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ALBANY, New York, February 10, 2016 /PRNewswire/ --

Transparency Market Research has published a new market report titled "Clear Brine Fluids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023." According to the report, the global clear brine fluids market was valued at US$842.9 Million in 2014 and is anticipated to reach US$1,444.7 Million by 2023, expanding at a CAGR of 6.2% between 2015 and 2023.

Clear brine fluids are industrial fluids used in various operations, such as completion, work-over, and drilling, in the oil & gas industry. These fluids are specifically manufactured to control formation pressures as well as reduce damage in the reservoir. Clear brine fluids are categorized into potassium chloride, calcium chloride, sodium chloride, calcium bromide, potassium bromide, sodium bromide, and others (including zinc bromide and ammonium chloride). Chloride brines such as potassium chloride, sodium chloride, and calcium chloride are preferred for onshore drilling activities, while bromide brines such as calcium bromide, potassium bromide, sodium bromide, and zinc bromide are preferred for offshore drilling activities.

Browse the full Research Report at http://www.transparencymarketresearch.com/clear-brine-fluids-market.html

Energy security sought after by developed nations is estimated to be one of the major factors driving the clear brine fluids market. The Organization of Petroleum Exporting Countries (OPEC) is one of the major forces dictating the global crude oil prices. This dominance has compelled major developed nations to explore alternative energy resources in order to gain energy security and lower their dependence on OPEC for demand for energy. Thus, there has been a major paradigm shift toward alternative sources of energy across the globe; major developed nations such as the U.S., the U.K., Canada, and Australia have been striving to achieve complete energy self-sufficiency over the past few years. Development of shale reserves has been one of the key steps toward achieving this objective. This race toward achieving energy security has resulted in a sudden spike in drilling and exploration activities in these developed nations. Thus, demand for clear brine fluids in drilling and completion activities has been increasing. This trend is estimated to continue during the next few years.

Potassium chloride was the major product type, accounting for nearly one-fourth share of the global clear brine fluids market in 2014. Potassium chloride has been the preferred choice of clear brine fluids in drilling and completion activities in the oil & gas industry. Potassium chloride is anticipated to continue its dominance in the clear brine fluids market during the forecast period.

Get Sample Report, Segments or table of Contents as per your Requirements: http://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2197

North America dominated the global clear brine fluids market with nearly two-third share in terms of volume in 2014. This trend is projected to continue during the forecast period. Asia Pacific is likely to be the fastest growing region in the next few years due to high growth in the number of shale exploration projects in China and Australia.

Major players operating in the clear brine fluids market include Israel Chemicals Ltd., Albemarle Corporation, TETRA Technologies, Inc., and Great Lake Solutions.

Browse Regional Analysis in detail: http://www.europlat.org/global-clear-brine-fluids-market-to-account-for-us1-44-bn-by-2023-transparency-market-research.htm

This Report Segments the Global Clear Brine Fluids Market as follows: 

Clear Brine Fluids Market - Product Segment Analysis 

  • Potassium chloride
  • Calcium chloride
  • Sodium chloride
  • Potassium bromide
  • Sodium bromide
  • Calcium bromide
  • Others (zinc bromide, aluminum chloride, etc.)

Clear Brine Fluids Market - Regional Analysis 

North America 

  • U.S.
  • Rest of North America

Europe 

  • U.K.
  • Spain
  • France
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific 

  • China
  • Japan
  • ASEAN
  • Rest of Asia Pacific

Latin America 

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA) 

  • GCC countries
  • South Africa
  • Rest of MEA

Browse Other Research Reports:  

  • Potassium Chloride Market: http://www.transparencymarketresearch.com/potassium-chloride-market.html
  • Carbon Nanotubes Market: http://www.transparencymarketresearch.com/carbon-nano-tubes-market.html
  • Plasterboard Market: http://www.transparencymarketresearch.com/plasterboard-market.html

About Us 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research

Mr. Sudip S
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com
Blog: http://www.europlat.org/category/news/chemical-industry-news

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