Global clear brine fluids market is set to witness a substantial CAGR of 6.75% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for clear brine fluids and increasing urbanization and industrialization are the major factor for the growth of this market.
Key Market Competitors:
Few of the major competitors currently working in the global clear brine fluids market are Zirax Limited, GEO Drilling Fluids, Inc., Albemarle Corporation, TETRA Technologies, Inc., Halliburton, Cabot Corporation, Newpark Resources Inc, LANXESS, ICL, Zirax Limited, Baker Hughes, Chemcon Speciality Chemicals Pvt. Ltd.
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Clear brine fluids or completion fluids are widely used in the activities related to drilling, shale gas, oil and deep water. They are very useful as it improves the performance and way better than the old fluids. Potassium chloride, potassium bromide, sodium chloride, sodium bromide and others are some of the common product of the clear brine fluids. They are widely used in application such as petrochemical and shale oil & gas. Increasing industrialization and urbanization is the major factor fuelling the growth of this market.
Global clear brine fluids market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of clear brine fluids market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Clear Brine Market Segmentation:
- By Product Type (Potassium Chloride, Calcium Chloride, Sodium Chloride, Potassium Bromide, Sodium Bromide, Calcium Bromide, Others)
- By Application (Shale Oil and Gas, Petrochemical, Others)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
- Increasing drilling and exploration activities worldwide will drive the market
- Rising demand for clear brine fluids from oil and gas industry will also drive the growth of this market
- Increasing focus on exploration of shale gas and coal bed methane will also propel the growth
- Increasing prevalence of clear brine fluid due to their efficient performance will also act driver for the market
- Fluctuation in the cost of raw material will restrain the market
- Rising trade variations because of political imbalances will also hamper market
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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