Clear Brine Fluids Market : Global Industry Size, Share, Trends, and Forecasts 2014 to 2021
DecisionDatabases.com adds a new report on Clear Brine Fluids Market. The report “Clear Brine Fluids : Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2021” analyses the complete market, industry’s growth trends, forecasts and market share.
Clear brine fluids are drilling fluids basically used in oil, deep water, shale gas and other exploration activities. Clear brine fluids are also known as workover and completion fluids. These fluids are down pumped to ensure proper drilling and exploration without any blockage. These fluids are widely used in oil and gas exploration industry and other drilling based end-user applications.
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Clear brine fluids are modern drilling fluids widely used over traditional fluids due to their efficient performance and benefits. Based on product global clear brine fluids market is segmented as potassium bromide, calcium bromide, sodium bromide, potassium chloride, calcium chloride, sodium chloride and others (zinc bromide, ammonium chloride, potassium formate, cesium formate, etc.).
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Rapidly increasing population and urbanization in the developing as well as developing economies has led to high demand for energy and its resources. This in turn boosts the growth of global clear brine fluids market. Rise in drilling and exploration activities worldwide is another significant factor to upsurge the growth of this market. Owing to their cost effectiveness, efficiency and high performance clear brine fluids are widely used over traditional methods and techniques. This in turn is expected to open key opportunities for the global clear brine fluids market. Stringent regulations over the use of clear brine fluids is expected to hinder growth of this market.
Best Region Of Markets :
Geographically, clear brine fluids market is segmented as Europe, Asia Pacific, North America, Latin America and Middle East and Africa. North America is the leading geography in this market owing to the presence of major and mature regions like US. Asia Pacific is expected to witness fast growth for the forecast. Demand for energy and energy resources in India and China support market growth of Asia Pacific region. Europe is also expected to show high market growth for the forecast. MEA due to the presence of natural oil reserves and wells is expected to witness high growth for the forecast period. Major companies in global clear brine fluids market are The Egyptian Mud Engring & Chemicals Co., GEO Drilling Fluids Inc., Newpark Resources Inc., Chemtura Corporation, M-I SWACO, Halliburton, Israel Chemicals Ltd., TETRA Technologies, Albemarle Corporation, Baker Hughes Inc. and Zirax Ltd.
SEGMENTATIONS IN REPORT :
A. Clear Brine Fluids By Product :
1. Potassium Chloride
2. Calcium Chloride
3. Sodium Chloride
4. Potassium Bromide
B. Clear Brine Fluids By Geography :
1. Asia Pacific
2. North America
4. Latin America
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