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APAC Clear Brine Fluids Market Size to grow extensively with 6% CAGR by 2024

Author : Ronak Bora | Published Date : 2019-08-06 

Asia Pacific clear brine fluids market is anticipated to witness significant gains of 6% over the period of 2016-2024, driven by the high availability of recoverable shale gas in the region. China is anticipated to be a key regional revenue pocket.

North America clear brine fluids market value, which was estimated at USD 550 million in 2015, is expected to experience substantial growth over the coming years. High product demand along with the large presence of shale gas reservoirs in the region will push the revenue. Furthermore, strict measures to reduce energy consumption taken by the government is predicted to support the regional growth. U.S. is forecast to be the major regional revenue contributor.

Rise in the number of shale gas exploration activities in countries such as Algeria and South Africa is expected to drive MEA clear brine fluids market revenue over the coming timeframe.

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Growing oil & gas industry will be the chief growth driver for the clear brine fluids market over the forecast duration. The product is extensively employed in drilling process and completion activities. It is used in conventional drilling for controlling high -temperature and high-pressure in reservoir and thereby reducing damage risk. Booming Oil & gas industry coupled with rising rig counts shall substantially contribute towards global clear brine fluids market growth during the forecast duration.

Shale gas production in U.S has further complimented oil & gas industry, which in turn, shall positively influence clear brine fluids market growth by 2024. For example, in 2009, production of shale gas was approximately 3 trillion cubic feet and in 2015 reached around 9 trillion cubic feet. Moreover, natural resources (natural gas and crude oil) depletion has widened the natural gas and crude oil demand and supply and drifted industry focus towards renewable resources development such as coal-bed methane, methane hydrates, shale gas/oil and tight gas. These factors shall accelerate product demand in oil & gas sector over the forecast timeframe.

Potassium chloride segment of overall clear brine fluids market accounted for approximately 25% of total industry share. This segment is likely to witness maximum gains during the forecast period. In 2016, it was valued close to USD 150 million. It is highly desirable in oil & gas industry due to the economic benefits as well as its ability to stabilize water-sensitive clay from excessive pressure in reservoirs during completion and drilling processes. Increasing shale gas reserves exploration activities across Canada, UK and the U.S will propel product demand during forecast duration.

Calcium bromide segment shall witness growth rate more than 5% in the forecast period. It is widely used in numerous applications including completion and workover fluids. Calcium bromide, on account of its inhibitive properties, is extensively employed to minimize damage caused due to formation pressure.

Key industry participants include Egyptian Mud Engineering & Chemicals Company, Zirax Limited, Albemarle Corporation, Solent Chemicals Private Limited, Geo Drillings Fluids Incorporation, Israel Chemicals Limited, TETRA Technologies Incorporation, Halliburton Company, and Chemtura Corporation.

Glimpse of Table of Content (ToC)

Chapter 4.   Clear Brine Fluids Industry Product Insights

4.1.    Global clear brine fluids market share by product, 2015 & 2024

4.2.    Potassium chloride

4.2.1.    Market estimates and forecast, 2013 - 2024

4.2.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.    Calcium chloride

4.3.1.    Market estimates and forecast, 2013 - 2024

4.3.2.    Market estimates and forecast, by region, 2013 - 2024

4.4.    Sodium chloride

4.4.1.    Market estimates and forecast, 2013 - 2024

4.4.2.    Market estimates and forecast, by region, 2013 – 2024

4.5.    Potassium bromide

4.5.1.    Market estimates and forecast, 2013 - 2024

4.5.2.    Market estimates and forecast, by region, 2013 – 2024

4.6.    Sodium bromide

4.6.1.    Market estimates and forecast, 2013 - 2024

4.6.2.    Market estimates and forecast, by region, 2013 – 2024

4.7.    Calcium bromide

4.7.1.    Market estimates and forecast, 2013 - 2024

4.7.2.    Market estimates and forecast, by region, 2013 – 2024

4.8.    Others

4.8.1.    Market estimates and forecast, 2013 - 2024

4.8.2.    Market estimates and forecast, by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/clear-brine-fluids-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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