TOKYO, JAPAN, April 20, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Clear Brine Fluids Market By Product Type (Calcium Chloride, Sodium Chloride, Zinc Calcium bromides, Cesium Formate, Potassium Chloride, and Other Product Types). By Application (Oil and Gas Exploration, and Enhanced Oil Recovery), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022 – 2028” in its research database.
What is the Clear Brine Fluids Market Growth?
“According to the latest research study, the demand for global Clear Brine Fluids Market size & share was valued at USD 1,721.7million in 2021and it is expected to surpass around USD 2,428.4 million Mark, by 2028, at a compound annual growth rate (CAGR) of about 5.9% during the forecast period 2022 to 2028.”
What is Clear Brine Fluids? How big is the Clear Brine Fluids Industry?
Report Overview:
Clear brine fluids are salt solutions that are utilized as drilling and well completion fluids in the oil and gas sector. It is an aqueous solution with no solids and is based on chloride, bromide, and formate salts. It is commonly utilized in drilling, shale gas, oil, and deep water activities. These fluids are available in a variety of densities on the market. It is widely utilized in oilfield applications as a completion, drill-in, workover, and packer fluid.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 210+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 1,721.7 Million |
| Projected Market Size in 2028 | USD 2,428.4 Million |
| CAGR Growth Rate | 5.9% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Albemarle Corporation, Baker Hughes Company, Cabot Corporation, Clements Fluids, EMEC, Halliburton, ICL, LANXESS, Schlumberger Limited, TETRA Technologies Inc., and Others |
| Key Segment | By Product Type, Application, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
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What are the factors driving the Clear Brine Fluids Market?
The key driver of the usage of clear brine fluids during the predicted period is an increase in global demand for crude oil and natural gas. In addition, the increased production of shale gas has benefitted the worldwide clear brine fluids market, and the increased focus on other unconventional natural gases is projected to provide new opportunities throughout the forecast period. During the projection period, the new onshore and offshore well building is likely to stimulate demand for clear brine fluids.
Moreover, the utilization of clear brine fluids is required for decreased operating costs and greater oilfield production, which is expected to drive the growth of the market in the coming years. Clear brine fluids are utilized for drilling, well completion, and workover fluids, these aspects drive clear brine fluids market expansion, hence growing clear brine fluids market size. Countries transition to renewable energy generation, demand for oilfield chemicals is projected to be a restraint for the worldwide clear brine fluids market during the forecast period.
Browse the full “Clear Brine Fluids Market – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/clear-brine-fluids-market
Which segment accounted for the largest Clear Brine Fluids Market share?
The Clear Brine Fluids Market is segregated based on Product Type, and Application.
Based on Product Type, the global market is distinguished into Calcium Chloride, Sodium Chloride, Zinc Calcium bromides, Cesium Formate, Potassium Chloride, and Other Product Types. Based on Application, the global market is distinguished into Oil and Gas Exploration, and Enhanced Oil Recovery.
What is the Impact of COVID-19 on Clear Brine Fluids Market?
Clear Brine Fluids businesses all around the world have been hit hard in recent months. This is due to major disruptions in their separate manufacturing and supply-chain operations as a result of numerous precautionary lockdowns and other limitations imposed by governing bodies around the world. Additionally, consumer demand has subsequently decreased as people are now more focused on minimizing non-essential expenses from their separate budgets as the general economic condition of the majority of people has been badly impacted by this outbreak.
The COVID-19 pandemic reduced demand for crude oil and natural gas over the world, lowering consumption of clear brine fluids used in upstream oil and gas activities. These factors are projected to weigh on the revenue trajectory of the worldwide Clear Brine Fluids market throughout the forecast period. However, as the individual governing bodies begin to relax these imposed lockdowns, the global Clear Brine Fluids market is likely to recover.
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Who are the key players in the Clear Brine Fluids Market?
Some of the main competitors dominating the global clear brine fluids market include -
- Albemarle Corporation
- Baker Hughes Company
- Cabot Corporation
- Clements Fluids
- EMEC
- Halliburton
- ICL
- LANXESS
- Schlumberger Limited
- TETRA Technologies Inc.
Key Insights from Primary Research:
- According to our research analyst's study, the Clear Brine Fluids market is expected to grow at a CAGR of over 5.9%.
- In 2021, the Clear Brine Fluids market was worth roughly USD 1,721.7 million, and by 2028, it is expected to be around USD 2,428.4 million.
- Based on Product Type segment, Zinc calcium bromide has the largest revenue share and is expected to maintain its position over the projection period.
- Based on Application segment, the market sector will be dominated by oil and gas exploration.
- Due to many crude oil reserves in countries like Saudi Arabia, Iran, and Kuwait, the Middle East and Africa accounted for a significant share of the market over the forecast period 2022-2028.
Key questions answered in this report:
- What are the top five global clear brine fluids players?
- How will the market look like in five years?
- What are the clear brine fluids market's drivers and restraints?
- Which region's market will increase the most?
- What will the clear brine fluids market's CAGR and size be during the forecast period?
- Which area offers the greatest benefit to the global market?
- What are the business risks, and how will the current situation affect growth and market perception?
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Which region offers the best opportunity and growth for Clear Brine Fluids Market?
The Middle East and Africa would dominate the clear brine fluids market over the projected period, owing to an increased emphasis on the development of shale gas and coal bed methane, as well as an increase in the prevalence of clear brine fluids due to their efficient performance in this region. Additionally, the region is the world's greatest producer of crude oil, with countries such as Saudi Arabia, the United Arab Emirates, Iraq, and Iran leading the way. Moreover, Qatar is the world's fourth-largest gas producer and has the third-largest gas reserves, which will drive the regional market. With prices stabilizing and exploration and drilling activity restarting, this region's clear brine fluids market is likely to dominate the global industry.
The Asia-Pacific region is predicted to grow at a rapid pace in the clear brine fluids market, owing to an increase in the emphasis on shale gas and coal bed methane exploration, as well as an increase in the prevalence of clear brine fluids due to their effective performance in this region. During the projected period, new oil and gas discoveries in countries such as India, China, Vietnam, Indonesia, and Thailand would increase the demand for drilling and completion fluids.
Recent Developments
- In 2019, Baker Hughes, a GE firm, announced the launch of its DELTA-TEQ low-pressure-impact drilling fluid, a non-aqueous formulation that lowers hydraulic impact through the use of specific clay and polymers.
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The global clear brine fluids market is segmented as follows:
By Product Type
- Calcium Chloride
- Sodium Chloride
- Zinc Calcium bromides
- Cesium Formate
- Potassium Chloride
- Other Product Types
By Application
- Oil and Gas Exploration
- Enhanced Oil Recovery
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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