Clear Brine Fluids Market Size By Product (Potassium Chloride, Calcium Chloride, Sodium Chloride, Potassium Bromide, Sodium Bromide, Calcium Bromide), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Dec 2019  |  Report ID: GMI1133  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 152   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Clear Brine Fluids Market exceeded USD 1.1 billion in 2018 and will grow at a CAGR of 6.3% from 2019 to 2026.
 

Clear Brine Fluids Market

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Clear brine fluids are salt-based solutions that find applications in completion processes and drilling operations for petroleum and gas sector. It also aids to control high-temperature and high-pressure in the reservoir during conventional drilling processes further reducing the damage and hazards. Key raw materials including sodium, calcium, cesium, chlorine, potassium, and bromine are used in the manufacture of multiple types of clear brine fluids.
 

Increasing product usage owing to its suitable physiochemical properties in the oil and gas industry across the globe will primarily drive the clear brine fluids market share over the forecast timeframe. Proliferating oil and gas sector accompanied with increasing drilling rigs for gas extraction will significantly drive the industry expansion. For instance, according to Baker Hughes, in March 2018, the total number of oil rigs in Baker Hughes across the globe accounted over 2,179 as compared to around 1,985 in March 2017. Oil and gas manufactures focus on increasing their production capacities to cope up with the rising consumer requirement that will propel the clear brine fluids industry share.
 

Depleting natural gas and crude oil sources are forcing companies to increase their focus towards alternative sources of energy that will support the product share over the projected timeframe. Industry players involve in developing energy products from unconventional resources including shale gas/oil, gas hydrates, coal bed methane and tight gas sands. The product requirement for the extraction of such sources from the reserves will accentuate the volume share.
 

Increasing consumer preference and rising production of shale gas in the countries including the U.S., China and Argentina will positively influence the oil and gas industry size. For instance, according to U.S. Energy Information Administration, in 2017, the shale gas production registered over 18,589 Billion Cubic Feet as compared to 17,032 Billion Cubic Feet in 2016. Proliferating exploration activities of shale gas reserves in countries including UK and Canada will considerably stimulate the clear brine fluids market demand.
 

Clear Brine Fluids Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 1.1 Billion (USD)
Historical Data for: 2016 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 6.3% 2026 Value Projection: 1.8 Billion (USD)
Pages: 152 Tables, Charts & Figures: 233
Geographies covered (18): U.S., Canada, UK, Denmark, Russia, Norway, China, Japan, India, Australia, Indonesia, Malaysia, Brazil, Mexico, Argentina, Venezuela, Saudi Arabia, UAE, Iran, Kuwait, Iraq
Segments covered: Product, Region
Companies covered (25): Egyptian Mud Engineering & Chemicals Company (EMEC), Albemarle Corporation, Geo Drilling Fluids, Inc, Great Lake Solutions, Israel Chemicals Ltd, Zirax Ltd, Solent Chemicals, TETRA Technologies, Inc, Sinomine Resource Group, Clements Fluids, Halliburton, hemtura Corporation (LANXESS), Carousel Specialty Products, Inc, Schlumberger Ltd, Chemcon Speciality Chemicals Pvt. Ltd.
Growth Drivers:
  • Increasing crude oil production
  • Growing development of unconventional sources
  • Rising off-shore exploration activities
  • Recovery in OFSE sector
  • Emergence of enhanced EOR techniques
Pitfalls & Challenges:
  • Fluctuating crude oil prices
  • Government regulation pertaining to drilling chemicals

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Potassium chloride continues driving the clear brine fluids industry growth

Global clear brine fluids industry by product

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Potassium chloride accounted for over 20% share in 2018 in the clear brine fluids market share owing to the increased application in oil and gas sector. These brines are widely used in the drilling and completion process for stabilization of water-sensitive shale/clays from high pressure developed in the reservoirs. They also serve as an economical source of potassium for inhibitive water-based completion and drilling fluids. Increasing investments for gas exploration in countries with adequate reserves will further escalate the product size.
 

Calcium chloride will register for considerable share in the market owing to the high requirement of workover fluids and completion fluids for drilling operations. The product is majorly preferred for industrial use owing to the increased cost effectivity as compared to the alternative brine fluids. Calcium chloride is majorly used in workover operations and oilfield completion in the oil and gas sector. The inhibitive properties of calcium chloride in clear brine fluids for inhibit clay swelling, migration and hydration of swelling clays will support the product size.
 

Calcium bromide will witness steady growth in the clear brine fluids market share owing to the density range from 8.4 lb/gal to 15.2 lb/gal suitable for improved operations in drilling rigs. Increased resistance to the formation of chloride ion will stimulate its application in oil and gas industry. Calcium bromide-based brine fluids are employed as a workover, completion, packer, or spike fluid in several applications for drilling. The fluid is extensively used for reducing formation damage due to clay swelling and dispersion that will accentuate the product share over the forecast timeframe.
 

Middle East and Africa to observe high gains in the industry size

Global clear brine fluids market by region

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Middle East and Africa accounted for a significant share owing to several crude oil reserves in the countries including Saudi Arabia, Iran and Kuwait. Presence of major oil companies including Saudi Aramco, Arabian American Oil Company and Exxon Saudi Arabia will escalate the industry share. Moreover, the increasing exports from the region will propel the production of crude oil and unconventional energy sources further supporting the product growth over the study timeframe. However, political instability in the countries including Syria and Libya will affect the volume growth in the region.
 

North America will witness a considerable growth over 6.7% in the clear brine fluids market size owing to the proliferating shale gas sector in countries including the U.S and Canada. Advancement in technologies of drilling rigs including hydraulic fracturing and horizontal drilling for gas exploration will significantly support the product share over the study timeframe. Moreover, the increasing product use in the shale gas reserves will also contribute to the volume size. Industry players also engage in R&D investments for development of petroleum-based product to cater the wide-ranging applications in the end user industries.
 

New strategies from industry participants play major role in market consolidation

Industry players involve in implementing strategies to cope up the end user requirement and increasing their revenue generation across the globe. For example, in October 2019, Sinomine Specialty Fluids signed a mutual agreement with Equinor ASA for the supply of drilling and completion fluids manufactured from cesium formate. This contract will support to enhance their production capacity and increase their business share to gain competitive edge. Furthermore, prominent players operating in the marketplace includes Schlumberger, Halliburton, Albemarle Corporation, Israel Chemicals Limited, Tetra Technologies Inc., etc.
 

The clear brine fluids market industry research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2026, for the following segments:

By Product

  • Potassium chloride
  • Calcium chloride
  • Sodium chloride
  • Potassium bromide
  • Sodium bromide
  • Calcium bromide
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Demark
    • Russia
    • Norway
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Venezuela
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Iran
    • Iraq
    • Kuwait

 

Frequently Asked Questions (FAQ) :

Clear brine fluids are salt-based solutions that find applications in completion processes and drilling operations for petroleum and gas sector.
The North American industry for clear brine fluids will achieve over 6.7% CAGR from 2019 to 2026, as estimated by GMI.
Schlumberger, Halliburton, Albemarle Corporation, Israel Chemicals Limited and Tetra Technologies Inc. are the major players operating in the global market for clear brine fluids.

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Premium Report Details

  • Published Date: Dec 2019
  • Pages: 152
  • Tables: 220
  • Charts / Figures: 13
  • Companies covered: 25
  • Countries covered: 18

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