Clear Brine Fluids Market Analysis

Clear Brine Fluids Market Analysis

Potassium chloride accounted for over 20% share in 2018 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 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.