Asia Pacific, especially China, clear brine fluids market is anticipated to witness substantial growth rate of more than 6% over the forecast duration. China held almost 15% of global recoverable reserves of shale gas in 2016. Shale gas exploration in Algeria and South Africa shall stimulate usage of product in Middle East & Africa, which in turn will boost clear brine fluids market growth in the coming years.
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.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1133
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.
Considering the product trends, potassium chloride emerged as one of the dominating segments in 2015, accounting for almost 25% of clear brine fluids industry. Potassium chloride based brine fluids are widely deployed in oil & gas applications, as this composition helps in the stabilization of oil pressure during the drilling process. Comparatively cheaper cost is another factor that is allowing heavy penetration of this product segment. Other than this, calcium bromide based clear brine fluids market will also witness considerable growth at a CAGR of 5% over 2016-2024.
High depletion of natural resources and heavy product demand across oil & gas sector will elevate clear brine fluids market size over the coming years. Furthermore, the rise in the proportion of rig counts will further catapult the industry growth over the coming timeframe. For instance, the worldwide oil rig count in 2013 was nearly 15 thousand and is expected to surpass 20 thousand over the coming seven years. In addition to this, high focus on exploring alternative (fuel) resources such as shale gas, tight gas, coal bed methane, and methane hydrates are expected to boost the product demand, thereby benefitting the clear brine fluids business. High energy requirements as a result of the exponential rise in the population is projected to drive the clear brine fluids market trends over the coming timeframe.
Browse key industry insights spread across 118 pages with 95 market data tables & 13 figures & charts from the report, “Clear Brine Fluids Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/clear-brine-fluids-market
Worldwide, clear brine fluids market is highly consolidated with some of the renowned companies covering almost 30% of the overall share. Some of the key players include Albemarle Corporation, Halliburton and Chemtura Corporation, Solent Chemicals, Zirax, Israel Chemicals, EMEC, and TETRA Technologies. Though crude oil price uncertainties may act as a deterrent in the growth chart, the increasing exploitation of shale gas reserves is likely to lead to an appreciable commercialization of this market in the years ahead.
Major Point From Table Of Content:
Chapter 3. Clear Brine Fluids Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.3.2. Distribution channel analysis
3.4. Clear brine fluids industry impact forces
3.4.1. Growth drivers
184.108.40.206. Increasing product demand from oil & gas industry
3.4.2. Industry pitfalls & challenges
220.127.116.11. Political imbalance in the Middle East
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7. Company market share analysis, 2015
3.7.1. Strategic landscape
3.8. PESTEL analysis
3.9 Regional price trends
3.9.1. Cost structure analysis
3.9.2. Raw material trends
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.