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

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

2. 1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered

3. MARKET OPPORTUNITY ASSESSMENT

3. 1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM

4. MARKET TRENDS

4. 1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors

5. MARKET ASSESSMENT

5. 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

6. ESG TRENDS
7. GLOBAL CLEAR BRINE FLUIDS MARKET SIZE ANALYSIS
   1. Global Clear Brine Fluids Market Introduction
   2. By Product Type

7. 2. 1. Introduction

1. 1. 1. 1. Product Type By Value

7. 2. 2. Potassium Chloride

1. 1. 1. 1. By Value

7. 2. 3. Calcium Chloride

1. 1. 1. 1. By Value

7. 2. 4. Calcium Bromide

1. 1. 1. 1. By Value

7. 2. 5. Potassium Formate

1. 1. 1. 1. By Value

7. 2. 6. Cesium Formate

1. 1. 1. 1. By Value

7. 2. 7. Others

1. 1. 1. 1. By Value

7. 3. By End-User

7. 3. 1. Introduction

1. 1. 1. 1. End-User By Value

7. 3. 2. Onshore Oil And Gas Production

1. 1. 1. 1. By Value

7. 3. 3. Offshore Oil And Gas Production

1. 1. 1. 1. By Value

8. NORTH AMERICA MARKET ANALYSIS

8. 1. Introduction
   2. By Product Type

8. 2. 1. Introduction

1. 1. 1. 1. Product Type By Value

8. 2. 2. Potassium Chloride

1. 1. 1. 1. By Value

8. 2. 3. Calcium Chloride

1. 1. 1. 1. By Value

8. 2. 4. Calcium Bromide

1. 1. 1. 1. By Value

8. 2. 5. Potassium Formate

1. 1. 1. 1. By Value

8. 2. 6. Cesium Formate

1. 1. 1. 1. By Value

8. 2. 7. Others

1. 1. 1. 1. By Value

8. 3. By End-User

8. 3. 1. Introduction

1. 1. 1. 1. End-User By Value

8. 3. 2. Onshore Oil And Gas Production

1. 1. 1. 1. By Value

8. 3. 3. Offshore Oil And Gas Production

1. 1. 1. 1. By Value

8. 4. U.S.

8. 4. 1. By Product Type

1. 1. 1. 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

8. 4. 2. By End-User

1. 1. 1. 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

8. 5. Canada

9. EUROPE MARKET ANALYSIS

9. 1. Introduction
   2. By Product Type

9. 2. 1. Introduction

1. 1. 1. 1. Product Type By Value

9. 2. 2. Potassium Chloride

1. 1. 1. 1. By Value

9. 2. 3. Calcium Chloride

1. 1. 1. 1. By Value

9. 2. 4. Calcium Bromide

1. 1. 1. 1. By Value

9. 2. 5. Potassium Formate

1. 1. 1. 1. By Value

9. 2. 6. Cesium Formate

1. 1. 1. 1. By Value

9. 2. 7. Others

1. 1. 1. 1. By Value

9. 3. By End-User
      1. Introduction

1. 1. 1. 1. End-User By Value

9. 3. 2. Onshore Oil And Gas Production

1. 1. 1. 1. By Value

9. 3. 3. Offshore Oil And Gas Production

1. 1. 1. 1. By Value

9. 4. U.K.

9. 4. 1. By Product Type

1. 1. 1. 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

9. 4. 2. By End-User

1. 1. 1. 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

9. 5. Germany
   6. France
   7. Spain
   8. Italy
   9. Russia
   10. Nordic
   11. Benelux
   12. Rest Of Europe

10. APAC MARKET ANALYSIS

10. 1. Introduction
    2. By Product Type

10. 2. 1. Introduction

1. 1. 1. 1. Product Type By Value

10. 2. 2. Potassium Chloride

1. 1. 1. 1. By Value

10. 2. 3. Calcium Chloride

1. 1. 1. 1. By Value

10. 2. 4. Calcium Bromide

1. 1. 1. 1. By Value

10. 2. 5. Potassium Formate

1. 1. 1. 1. By Value

10. 2. 6. Cesium Formate

1. 1. 1. 1. By Value

10. 2. 7. Others

1. 1. 1. 1. By Value

10. 3. By End-User

10. 3. 1. Introduction

1. 1. 1. 1. End-User By Value

10. 3. 2. Onshore Oil And Gas Production

1. 1. 1. 1. By Value

10. 3. 3. Offshore Oil And Gas Production

1. 1. 1. 1. By Value

10. 4. China

10. 4. 1. By Product Type

1. 1. 1. 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

10. 4. 2. By End-User

1. 1. 1. 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

10. 5. Korea
    6. Japan
    7. India
    8. Australia
    9. Taiwan
    10. South East Asia
    11. Rest Of Asia-Pacific

11. MIDDLE EAST AND AFRICA MARKET ANALYSIS

11. 1. Introduction
    2. By Product Type

11. 2. 1. Introduction

1. 1. 1. 1. Product Type By Value

11. 2. 2. Potassium Chloride

1. 1. 1. 1. By Value

11. 2. 3. Calcium Chloride

1. 1. 1. 1. By Value

11. 2. 4. Calcium Bromide

1. 1. 1. 1. By Value

11. 2. 5. Potassium Formate

1. 1. 1. 1. By Value

11. 2. 6. Cesium Formate

1. 1. 1. 1. By Value

11. 2. 7. Others

1. 1. 1. 1. By Value

11. 3. By End-User

11. 3. 1. Introduction

1. 1. 1. 1. End-User By Value

11. 3. 2. Onshore Oil And Gas Production

1. 1. 1. 1. By Value

11. 3. 3. Offshore Oil And Gas Production

1. 1. 1. 1. By Value

11. 4. UAE

11. 4. 1. By Product Type

1. 1. 1. 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

11. 4. 2. By End-User

1. 1. 1. 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

11. 5. Turkey
    6. Saudi Arabia
    7. South Africa
    8. Egypt
    9. Nigeria
    10. Rest Of MEA

12. LATAM MARKET ANALYSIS

12. 1. Introduction
    2. By Product Type

12. 2. 1. Introduction

1. 1. 1. 1. Product Type By Value

12. 2. 2. Potassium Chloride

1. 1. 1. 1. By Value

12. 2. 3. Calcium Chloride

1. 1. 1. 1. By Value

12. 2. 4. Calcium Bromide

1. 1. 1. 1. By Value

12. 2. 5. Potassium Formate

1. 1. 1. 1. By Value

12. 2. 6. Cesium Formate

1. 1. 1. 1. By Value

12. 2. 7. Others

1. 1. 1. 1. By Value

12. 3. By End-User

12. 3. 1. Introduction

1. 1. 1. 1. End-User By Value

12. 3. 2. Onshore Oil And Gas Production

1. 1. 1. 1. By Value

12. 3. 3. Offshore Oil And Gas Production

1. 1. 1. 1. By Value

12. 4. Brazil

12. 4. 1. By Product Type

1. 1. 1. 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

12. 4. 2. By End-User

1. 1. 1. 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

12. 5. Mexico
    6. Argentina
    7. Chile
    8. Colombia
    9. Rest Of LATAM

13. COMPETITIVE ASSESSMENT

13. 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

14. MARKET PLAYERS ASSESSMENT

14. 1. Albemarle Corporation

14. 1. 1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments

14. 2. Clements Fluids
    3. Egyptian Mud Engineering & Chemicals Company
    4. Halliburton
    5. ICL Group Ltd.
    6. Lanxess AG
    7. Schlumberger Ltd.
    8. Sinomine Specialty Fluids
    9. Tetra Technologies
    10.  Zirax Ltd.

15. RESEARCH METHODOLOGY

15. 1. Research Data

15. 1. 1. Secondary Data

1. 1. 1. 1. Major Secondary Sources
         2. Key Data From Secondary Sources

15. 1. 2. Primary Data

1. 1. 1. 1. Key Data From Primary Sources
         2. Breakdown Of Primaries

15. 1. 3. Secondary And Primary Research

1. 1. 1. 1. Key Industry Insights

15. 2. Market Size Estimation

15. 2. 1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection

15. 3. Research Assumptions

15. 3. 1. Assumptions

15. 4. Limitations
    5. Risk Assessment

16. APPENDIX

16. 1. Discussion Guide
    2. Customization Options
    3. Related Reports

17. 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

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