Clear Brine Fluids Market Size is projected to reach USD 1161.99 million by 2030, growing at a CAGR of 3%: Straits Research

The global clear brine fluids market was valued at USD 890.57 million in 2021. It is projected to reach USD 1161.99 million by 2030, growing at a CAGR of 3% during the forecast period (2022-2030). The market should benefit from the increasing attention paid to other unconventional natural gases during the forecast period.


New York, United States, Sept. 06, 2023 (GLOBE NEWSWIRE) -- In various upstream oil and gas processes, clear brine fluids, which are salt solutions of halides and formate, are employed. Drilling, completions, and workovers are a few examples of this work. Clear brine fluids can be created to function as clay and shale inhibitors, preserving the formation and extending the useful life of the oil well.

Fresh Upstream Initiatives Drive the Global Market

The development of new onshore and offshore wells and field expansion is expected to increase deepwater and ultra-deepwater drilling and completion activities. Many of these projects have either been completed or are currently being constructed. In October 2020, BP Plc in Oman started constructing the onshore Khazzan Phase 2 field. Another such project is Azeri Central East (ACE), which is being worked on in Azerbaijan by BP, SOCAR, Chevron, and other businesses. The well will start producing conventional oil in 2023, with an average gross annual output of 80 Mboed. These developments drive the market for clear brine fluids.

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Increasing Shale Gas and other Unconventional Natural Gas Output Creates Tremendous Opportunities

Shale, which is made of sedimentary rocks with fine-grained, is likely to be a rich source of gas and oil. Increased shale gas production has boosted the global demand for clear brine fluids. The market should benefit from the increasing attention paid to other unconventional natural gases during the forecast period. Between 2018 and 2019, natural gas from confirmed shale reservoirs increased from 68% to 71%. Recent shale gas finds are expected to assist the regional market for clear brine fluids and the United States and the Middle East. Shale gas development is anticipated to increase domestic supplies in several Asia-Pacific countries, helping them meet long-term natural gas demand. It should also increase its energy security by allowing them to rely less on foreign sources.

Report Scope

Report Metric Details
Market Size by 2030 USD 1161.99 million
Market Size in 2021 USD 890.57 million
CAGR 3%
Historical Data 2020-2021
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Product Type, By End-User
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Albemarle Corporation ,Clements Fluids ,Egyptian Mud Engineering & Chemicals Company ,Halliburton ,ICL Group Ltd. ,Lanxess AG ,Schlumberger Ltd. ,Sinomine Specialty Fluids ,Tetra Technologies , Zirax Ltd.
Key Market Opportunities Increasing Shale Gas and other Unconventional Natural Gas Output
Key Market Drivers Fresh Upstream Initiatives

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Regional Analysis 

LAMEA is the most significant shareholder in the global clear brine fluids market and is anticipated to grow at a CAGR of 4.20% over the projection period. LAMEA countries, including Brazil, Saudi Arabia, the UAE, Venezuela, and African countries, are expected to lead the demand for drilling fluids and completion fluids due to the presence of oilfields and upstream operations. By 2025, production in the region is anticipated to be close to five billion barrels. Therefore, it is estimated that Brazil will significantly contribute to the clear brine fluids market expansion during the forecast year. Brazil, which by 2040 will generate almost 5.2 million barrels per day or 50% of the world's offshore oil, is highlighted by the International Energy Agency (IEA).

North America is anticipated to grow at a CAGR of 3.60%, during the forecast period. The North America Free Trade Agreement (NAFTA) was replaced by the United States-Mexico-Canada Agreement (USMCA) as the framework for regulating energy trade between the two nations on July 1, 2020. The USMCA is predicted to promote North American energy integration and increase trade between the three countries. Most significantly, it is expected to uphold the energy trade's liberalization, provide investor protection, and establish the framework for upcoming American investments in Mexico's natural gas and oil industries. As oil and gas exploration and production increase, it is therefore projected that the demand for drilling and completion fluids, such as clear brine fluids, will increase.

Key Highlights

  • The global clear brine fluids market size is projected to reach USD 1,524.49 million by 2030, growing at a CAGR of 3% during the forecast period (2022-2030). 
  • Based on product type, the global clear brine fluids market is bifurcated into calcium chloride, potassium formate, calcium bromide, sodium formate, potassium chloride, and others. The potassium chloride segment is the highest contributor to the market and is anticipated to grow at a CAGR of 4.60% over the forecast period.
  • Based on end-user, the global clear brine fluids market is bifurcated into onshore oil and gas production and offshore oil and gas production. The onshore oil and gas production segment owns the highest market share and is anticipated to grow at a CAGR of 3.80% during the forecast period.
  • LAMEA is the most significant shareholder in the global clear brine fluids market and is anticipated to grow at a CAGR of 4.20% over the projection period.

Competitive Players

The global clear brine fluids market's major key players are Albemarle Corporation, Clements Fluids, Egyptian Mud Engineering & Chemicals Company, Halliburton, ICL Group Ltd., Lanxess AG, Schlumberger Ltd., Sinomine Specialty Fluids, Tetra Technologies, and Zirax Ltd.

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Global Clear Brine Fluids Market: Segmentation

By Product Type

  • Potassium chloride
  • Calcium chloride
  • Calcium bromide
  • Potassium Formate
  • Cesium Formate
  • Others

By End-User

  • Onshore Oil and Gas Production
  • Offshore Oil and Gas Production

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

TABLE OF CONTENT

  1. EXECUTIVE SUMMARY
  2. RESEARCH SCOPE & SEGMENTATION
    1. Research Objectives
    2. Market Definition
    3. Limitations & Assumptions
    4. Market Scope & Segmentation
    5. Currency & Pricing Considered
  1. MARKET OPPORTUNITY ASSESSMENT
    1. Emerging Regions / Countries
    2. Emerging Companies
    3. Emerging Applications / End Use
    4. Investment Landscape
    5. New Business Models / Revenue Streams
    6. TAM
  1. MARKET TRENDS
    1. Drivers
    2. Market Warning Factors
    3. Latest Macro Economic Indicators
    4. Geopolitical Impact
    5. Human Factors
    6. Technology Factors
  1. MARKET ASSESSMENT
    1. Porters Five Forces Analysis
    2. Value Chain Analysis
    3. Raw Material Analysis
    4. Sales And Distribution Channel Analysis
    5. Trade Analysis
    6. Patent Analysis
    7. M & A Agreements & Collabration Analysis
    8. Export Import Analysis
    9. Cost Structure Analysis
  1. ESG TRENDS
  2. GLOBAL CLEAR BRINE FLUIDS MARKET SIZE ANALYSIS
    1. Global Clear Brine Fluids Market Introduction
    2. By Product Type
      1. Introduction
        1. Product Type By Value
      1. Potassium Chloride
        1. By Value
      1. Calcium Chloride
        1. By Value
      1. Calcium Bromide
        1. By Value
      1. Potassium Formate
        1. By Value
      1. Cesium Formate
        1. By Value
      1. Others
        1. By Value
    1. By End-User
      1. Introduction
        1. End-User By Value
      1. Onshore Oil And Gas Production
        1. By Value
      1. Offshore Oil And Gas Production
        1. By Value
  1. NORTH AMERICA MARKET ANALYSIS
    1. Introduction
    2. By Product Type
      1. Introduction
        1. Product Type By Value
      1. Potassium Chloride
        1. By Value
      1. Calcium Chloride
        1. By Value
      1. Calcium Bromide
        1. By Value
      1. Potassium Formate
        1. By Value
      1. Cesium Formate
        1. By Value
      1. Others
        1. By Value
    1. By End-User
      1. Introduction
        1. End-User By Value
      1. Onshore Oil And Gas Production
        1. By Value
      1. Offshore Oil And Gas Production
        1. By Value
    1. U.S.
      1. By Product Type
        1. Introduction
          1. Product Type By Value
        2. Potassium Chloride
          1. By Value
        3. Calcium Chloride
          1. By Value
        4. Calcium Bromide
          1. By Value
        5. Potassium Formate
          1. By Value
        6. Cesium Formate
          1. By Value
        7. Others
          1. By Value
      1. By End-User
        1. Introduction
          1. End-User By Value
        2. Onshore Oil And Gas Production
          1. By Value
        3. Offshore Oil And Gas Production
          1. By Value
    1. Canada
  1. EUROPE MARKET ANALYSIS
    1. Introduction
    2. By Product Type
      1. Introduction
        1. Product Type By Value
      1. Potassium Chloride
        1. By Value
      1. Calcium Chloride
        1. By Value
      1. Calcium Bromide
        1. By Value
      1. Potassium Formate
        1. By Value
      1. Cesium Formate
        1. By Value
      1. Others
        1. By Value
    1. By End-User
      1. Introduction
        1. End-User By Value
      1. Onshore Oil And Gas Production
        1. By Value
      1. Offshore Oil And Gas Production
        1. By Value
    1. U.K.
      1. By Product Type
        1. Introduction
          1. Product Type By Value
        2. Potassium Chloride
          1. By Value
        3. Calcium Chloride
          1. By Value
        4. Calcium Bromide
          1. By Value
        5. Potassium Formate
          1. By Value
        6. Cesium Formate
          1. By Value
        7. Others
          1. By Value
      1. By End-User
        1. Introduction
          1. End-User By Value
        2. Onshore Oil And Gas Production
          1. By Value
        3. Offshore Oil And Gas Production
          1. By Value
    1. Germany
    2. France
    3. Spain
    4. Italy
    5. Russia
    6. Nordic
    7. Benelux
    8. Rest Of Europe
  1. APAC MARKET ANALYSIS
    1. Introduction
    2. By Product Type
      1. Introduction
        1. Product Type By Value
      1. Potassium Chloride
        1. By Value
      1. Calcium Chloride
        1. By Value
      1. Calcium Bromide
        1. By Value
      1. Potassium Formate
        1. By Value
      1. Cesium Formate
        1. By Value
      1. Others
        1. By Value
    1. By End-User
      1. Introduction
        1. End-User By Value
      1. Onshore Oil And Gas Production
        1. By Value
      1. Offshore Oil And Gas Production
        1. By Value
    1. China
      1. By Product Type
        1. Introduction
          1. Product Type By Value
        2. Potassium Chloride
          1. By Value
        3. Calcium Chloride
          1. By Value
        4. Calcium Bromide
          1. By Value
        5. Potassium Formate
          1. By Value
        6. Cesium Formate
          1. By Value
        7. Others
          1. By Value
      1. By End-User
        1. Introduction
          1. End-User By Value
        2. Onshore Oil And Gas Production
          1. By Value
        3. Offshore Oil And Gas Production
          1. By Value
    1. Korea
    2. Japan
    3. India
    4. Australia
    5. Taiwan
    6. South East Asia
    7. Rest Of Asia-Pacific
  1. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Product Type
      1. Introduction
        1. Product Type By Value
      1. Potassium Chloride
        1. By Value
      1. Calcium Chloride
        1. By Value
      1. Calcium Bromide
        1. By Value
      1. Potassium Formate
        1. By Value
      1. Cesium Formate
        1. By Value
      1. Others
        1. By Value
    1. By End-User
      1. Introduction
        1. End-User By Value
      1. Onshore Oil And Gas Production
        1. By Value
      1. Offshore Oil And Gas Production
        1. By Value
    1. UAE
      1. By Product Type
        1. Introduction
          1. Product Type By Value
        2. Potassium Chloride
          1. By Value
        3. Calcium Chloride
          1. By Value
        4. Calcium Bromide
          1. By Value
        5. Potassium Formate
          1. By Value
        6. Cesium Formate
          1. By Value
        7. Others
          1. By Value
      1. By End-User
        1. Introduction
          1. End-User By Value
        2. Onshore Oil And Gas Production
          1. By Value
        3. Offshore Oil And Gas Production
          1. By Value
    1. Turkey
    2. Saudi Arabia
    3. South Africa
    4. Egypt
    5. Nigeria
    6. Rest Of MEA
  1. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Product Type
      1. Introduction
        1. Product Type By Value
      1. Potassium Chloride
        1. By Value
      1. Calcium Chloride
        1. By Value
      1. Calcium Bromide
        1. By Value
      1. Potassium Formate
        1. By Value
      1. Cesium Formate
        1. By Value
      1. Others
        1. By Value
    1. By End-User
      1. Introduction
        1. End-User By Value
      1. Onshore Oil And Gas Production
        1. By Value
      1. Offshore Oil And Gas Production
        1. By Value
    1. Brazil
      1. By Product Type
        1. Introduction
          1. Product Type By Value
        2. Potassium Chloride
          1. By Value
        3. Calcium Chloride
          1. By Value
        4. Calcium Bromide
          1. By Value
        5. Potassium Formate
          1. By Value
        6. Cesium Formate
          1. By Value
        7. Others
          1. By Value
      1. By End-User
        1. Introduction
          1. End-User By Value
        2. Onshore Oil And Gas Production
          1. By Value
        3. Offshore Oil And Gas Production
          1. By Value
    1. Mexico
    2. Argentina
    3. Chile
    4. Colombia
    5. Rest Of LATAM
  1. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Clear Brine Fluids Market Share By Manufacturers
    3. Clear Brine Fluids Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
  1. MARKET PLAYERS ASSESSMENT
    1. Albemarle Corporation
      1. Overview
      2. Business Information
      3. Revenue
      4. ASP
      5. Gross Margin
      6. Swot Analysis
      7. Recent Developmments
    1. Clements Fluids
    2. Egyptian Mud Engineering & Chemicals Company
    3. Halliburton
    4. ICL Group Ltd.
    5. Lanxess AG
    6. Schlumberger Ltd.
    7. Sinomine Specialty Fluids
    8. Tetra Technologies
    9.  Zirax Ltd.
  1. RESEARCH METHODOLOGY
    1. Research Data
      1. Secondary Data
        1. Major Secondary Sources
        2. Key Data From Secondary Sources
      1. Primary Data
        1. Key Data From Primary Sources
        2. Breakdown Of Primaries
      1. Secondary And Primary Research
        1. Key Industry Insights
    1. Market Size Estimation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Market Projection
    1. Research Assumptions
      1. Assumptions
    1. Limitations
    2. Risk Assessment
  1. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
  1. DISCLAIMER

Table of Content and Figure @  https://straitsresearch.com/report/clear-brine-fluids-market/toc

Market News

  • In May 2019, A non-aqueous formulation of DELTA-TEQ low-pressure-impact drilling fluid manufactured by Baker Hughes, a GE business, was introduced. Its innovative composition of specific clay and polymers lessens the hydraulic impact.

News Media

Global Potassium Liquid Fertilizer Market Grows Steadily at a CAGR of 4.7%

Increasing Consumption of Processed Food in Europe to Drive the Global Potassium Citrate Market

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