The global clear brine fluids market size is expected to reach USD 1.03 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.3% during the forecast period. Increasing number of drilling operations is creating the need for completion and workover chemicals, thereby driving the demand for clear brine fluids.
Increasing
deployment of Hydraulic Fracturing and Enhanced Oil Recovery (EOR)
operations have resulted in an increased demand for clear brine fluids, which
are not only more environment-friendly than oil-based completion fluids but
also provide excellent penetration rates in unconventional formations.
Moreover, rising acceptance of hydraulic fracturing and horizontal drilling
techniques in shale gas exploration is likely to spur the product demand.
These
brines offer more lubricity compared to the water-based muds and they function
as drop-in substitutes for oil-based muds, especially in situations of
horizontal lateral and multi-lateral operations. The economic benefits and
technical advantages of clear brine fluids over the oil-based drilling muds are
anticipated to play a crucial role in driving the market in near future.
Cesium
Formate Solution (CsFO) has emerged as one of the most significant brines used
by several key service providers and E&P companies for the most efficient
completion operations. The segment is expected witness the fastest growth over
the forecast period and is project to grow at a CAGR of 3.1% in terms of volume
from 2019 to 2025.
Full Research Report On Clear Brine Fluids Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/clear-brine-fluids-market
Further key
findings from the report suggest:
- Global clear
brine fluids market size was estimated to be 940 kilotons in 2018 and is
estimated to grow at a CAGR of 2.4% over the forecast period to reach a
net volume exceeding 1,100 kilotons by 2025
- Sodium
chloride was the most commonly preferred product globally and accounted
for over 23% of the total market share on account of demand in 2018
- Middle East
and Africa held the leading market share of over 30.0% of the total demand
in 2018
- Saudi Arabia
sodium bromide brines market was valued at USD 13.0 million in 2017 and is
estimated to expand at a CAGR of 3.2% from 2019 to 2025
- Asia Pacific
is projected to be the fastest growing regional market in terms of demand
with a CAGR of 2.9% over the forecast period
- The clear
brine fluids market is fragmented in nature, wherein the key participants
compete on the basis of quality, price, formulation density, brand image,
and distribution network
- Major market
players include Albemarle Corporation, Tetra Technologies, Zirax Limited,
and Solent Chemicals.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/clear-brine-fluids-market/request/rs1
Grand View Research has
segmented the global clear brine fluids market on the basis of product and
region:
Clear Brine Fluids
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Zinc Calcium Bromide
- Cesium Formate Brines
- Potassium Chloride
- Calcium Chloride
- Sodium Chloride
- Sodium Bromide
- Others
Clear Brine Fluids
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Russia
- Norway
- Asia Pacific
- China
- Japan
- India
- Indonesia
- Malaysia
- Singapore
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- Iran
- Iraq
- Central & South America
- Brazil
- Argentina
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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