Clear Brine Fluids Industry Worldwide Survey and 2020 Future Outlook

In 2013, The Global Clear Brine Fluids Market was worth USD 926.7 million. As of May 2013, the count for global rig was noted to be around 3,400. This increase in drilling activities has driven the demand for global rig count which has also contributed to fuel the growth of clear brine fluids market across the globe.

The Global Clear Brine Fluids Market to grow at a CAGR of 11.9% from 2014 to 2020, according to a new report by Grand View Research, Inc.

Move towards the growth of alternative energy resources such as CBM, tight gas, and shale gas mainly in China and the U.S. is anticipated to drive the growth of the global market. The Golden Triangle denotes oil & gas reserves of deep water wrapping offshore Brazil, offshore West Africa and the U.S. Gulf of Mexico (USGOM). Moreover, increased investment for deep water investigation mainly in the region is also projected to increase the demand for global clear brine fluids market. Egypt, Gulf of Mexico, the U.S., China, and Russia experienced increased drilling activities on account of rising demand for energy which is likely to drive the market.

Potassium chloride consumption accounted for over 20% of the global market in 2013. This was the largest product segment in the same year and is also anticipated to have the highest growth rate of over 10% from 2014 to 2020. Potassium chloride is most widely used for servicing wells in oil & gas industry. Wide applications range of all the bromides and chloride are expected to drive the global market. These are favored above conventional drilling muds on account of their effectiveness and cost efficiency. Primary applications of potassium chloride and bromide fluids take account of deep water wells, high & deep pressure oil sands and oil wells where general drilling muds are susceptible to block the foundations.

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North America accounted for over 60% of the global clear brine fluids market in 2013. Shale gas flourishing in the U.S. is projected to provide the region with an upper hand over the forecast period. Asia Pacific market is anticipated to experience highest growth rate in production capabilities of over 10% from 2014 to 2020. Growing exploration activities in India along with the thriving oil & gas segment is projected to further boost the growth of clear brine fluids market in the region.

Top Players of Clear Brine Fluids Market:

Global clear brine fluids market is moderately concentrated with top four companies including M-I SWACO, Halliburton, Israel Chemicals Ltd., TETRA Technologies accounted for over 50% of the total market. Other market participants include Albemarle Corporation, Baker Hughes Inc., Zirax Ltd., The Egyptian Mud Engineering & Chemicals Co., GEO Drilling Fluids Inc., Newpark Resources Inc. and Chemtura Corporation. Clear brine fluids market recently, witnessed number of mergers and acquisitions leading to significant opportunities for market participants.

Market Segmentation of Clear Brine Fluids Market:

The Global Clear Brine Fluids Market segmented on the basis of Product and Region.

By Product:

    Potassium Chloride
    Calcium Chloride
    Sodium Chloride
    Potassium Bromide
    Calcium Bromide
    Sodium Bromide

By Region:

    North America
    Europe
    Asia Pacific
    RoW

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