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Clear Brine Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 142 Pages
  • August 2022
  • Region: Global
  • IMARC Group
  • ID: 5642314
UP TO OFF until Dec 31st 2022
The global clear brine fluids market reached a value of US$ 1.09 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 1.36 Billion by 2027, exhibiting a CAGR of 3.76% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Clear brine fluids (CBFs) are salt solutions with few or no suspended solids, which are primarily used in the completion process of offshore oil and gas wells. They can either be composed of a single salt or an intermixture of two or three types of salt compounds that are compatible with one another. They help control wellbore pressure, cool the bits and tools, lubricate pipes, and transport solids from the wellbore. Besides this, as they also aid in reducing operating time and minimizing formation and equipment damage, the demand for CBF is rising worldwide.

Clear Brine Fluids Market Trends

There is presently a considerable increase in the use of CBFs as drill-in, workover, completion, and permanent packer fluids across the globe. In addition, they are utilized as displacement fluids to remove drilling muds. This, in confluence with the rising need for crude oil and natural gas, represents one of the key factors impelling the growth of the market. Moreover, leading players are introducing energy products using unconventional resources, such as gas hydrates, coal bed methane, shale gas, and tight gas sands. They are also focusing on collaborations and mergers and acquisitions (M&A) to widen their consumer base. This, coupled with the growing use of CBFs as substitutes for conventional drilling fluids, is augmenting the overall sales and profitability. Apart from this, there is a rise in oil recovery operations to improve the efficiency of oil production, which is driving the market. Other factors, such as increasing drilling activities and significant growth in the oil and gas industry, are projected to facilitate the growth of the market in the upcoming years.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global clear brine fluids market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on product type and application.

Breakup by Product Type:

  • Potassium Chloride
  • Calcium Chloride
  • Calcium Bromide
  • Potassium Formate
  • Cesium Formate
  • Others

Breakup by Application:

  • Onshore Oil and Gas Production
  • Offshore Oil and Gas Production

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Albemarle Corporation, Baker Hughes Company, Carousel Specialty Products Inc., Chemcon Speciality Chemicals Ltd., Clements Fluids, Halliburton Company, ICL Group Ltd., Lanxess AG, Newpark Resources Inc., Schlumberger Limited, Solent Chemicals and Tetra Technologies Inc.

Key Questions Answered in This Report:

  • How has the global clear brine fluids market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global clear brine fluids market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global clear brine fluids market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Clear Brine Fluids Market

What is the estimated value of the Global Clear Brine Fluids Market?

The Global Clear Brine Fluids Market was estimated to be valued at $1.09 Billion in 2021.

What is the growth rate of the Global Clear Brine Fluids Market?

The growth rate of the Global Clear Brine Fluids Market is 3.7%, with an estimated value of $1.36 Billion by 2027.

What is the forecasted size of the Global Clear Brine Fluids Market?

The Global Clear Brine Fluids Market is estimated to be worth $1.36 Billion by 2027.

Who are the key companies in the Global Clear Brine Fluids Market?

Key companies in the Global Clear Brine Fluids Market include Albemarle Corporation, Baker Hughes Company, Carousel Specialty Products Inc., Chemcon Speciality Chemicals Ltd., Clements Fluids, Halliburton Company, ICL Group Ltd., Lanxess AG and Schlumberger Limited.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Clear Brine Fluids Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Potassium Chloride
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Calcium Chloride
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Calcium Bromide
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Potassium Formate
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Cesium Formate
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Onshore Oil and Gas Production
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Offshore Oil and Gas Production
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Albemarle Corporation
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Baker Hughes Company
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Carousel Specialty Products Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Chemcon Speciality Chemicals Ltd.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Clements Fluids
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Halliburton Company
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 ICL Group Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Lanxess AG
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Newpark Resources Inc.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Schlumberger Limited
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Solent Chemicals
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 Tetra Technologies Inc.
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
List of Figures
Figure 1: Global: Clear Brine Fluids Market: Major Drivers and Challenges
Figure 2: Global: Clear Brine Fluids Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Clear Brine Fluids Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Clear Brine Fluids Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Clear Brine Fluids Market: Breakup by Application (in %), 2021
Figure 6: Global: Clear Brine Fluids Market: Breakup by Region (in %), 2021
Figure 7: Global: Clear Brine Fluids (Potassium Chloride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Clear Brine Fluids (Potassium Chloride) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Clear Brine Fluids (Calcium Chloride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Clear Brine Fluids (Calcium Chloride) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Clear Brine Fluids (Calcium Bromide) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Clear Brine Fluids (Calcium Bromide) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Clear Brine Fluids (Potassium Formate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Clear Brine Fluids (Potassium Formate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Clear Brine Fluids (Cesium Formate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Clear Brine Fluids (Cesium Formate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Clear Brine Fluids (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Clear Brine Fluids (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Clear Brine Fluids (Onshore Oil and Gas Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Clear Brine Fluids (Onshore Oil and Gas Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Clear Brine Fluids (Offshore Oil and Gas Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Clear Brine Fluids (Offshore Oil and Gas Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: North America: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: North America: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Canada: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Canada: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia-Pacific: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia-Pacific: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Japan: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Japan: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South Korea: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South Korea: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Australia: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Australia: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Indonesia: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Indonesia: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Others: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Others: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Germany: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Germany: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: France: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: France: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United Kingdom: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United Kingdom: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Italy: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Italy: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Spain: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Spain: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Russia: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Russia: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Latin America: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Latin America: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Brazil: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Brazil: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Mexico: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Mexico: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Middle East and Africa: Clear Brine Fluids Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Middle East and Africa: Clear Brine Fluids Market: Breakup by Country (in %), 2021
Figure 71: Middle East and Africa: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Global: Clear Brine Fluids Industry: SWOT Analysis
Figure 73: Global: Clear Brine Fluids Industry: Value Chain Analysis
Figure 74: Global: Clear Brine Fluids Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Clear Brine Fluids Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Clear Brine Fluids Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Clear Brine Fluids Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Clear Brine Fluids Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Clear Brine Fluids Market: Competitive Structure
Table 6: Global: Clear Brine Fluids Market: Key Players

Companies Mentioned

  • Albemarle Corporation
  • Baker Hughes Company
  • Carousel Specialty Products Inc.
  • Chemcon Speciality Chemicals Ltd.
  • Clements Fluids
  • Halliburton Company
  • ICL Group Ltd.
  • Lanxess AG
  • Newpark Resources Inc.
  • Schlumberger Limited
  • Solent Chemicals
  • Tetra Technologies Inc.

Methodology

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