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Clear Brine Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 141 pages | ID: C2BE115536F5EN
IMARC Group

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Market Overview:

The global clear brine fluids market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.55% during 2023-2028.

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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global clear brine fluids market report, along with forecasts at the global, regional and country level from 2023-2028. Our 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?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL CLEAR BRINE FLUIDS MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1Potassium Chloride
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Calcium Chloride
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Calcium Bromide
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Potassium Formate
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5Cesium Formate
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6Others
  6.6.1 Market Trends
  6.6.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1Onshore Oil and Gas Production
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Offshore Oil and Gas Production
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1North 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
8.2Asia-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
8.3Europe
  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
8.4Latin 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
8.5Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
  13.3.1Albemarle Corporation
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2Baker 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
  13.3.3Carousel Specialty Products Inc.
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
  13.3.4Chemcon Speciality Chemicals Ltd.
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
  13.3.5Clements Fluids
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6Halliburton Company
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 Financials
    13.3.6.4 SWOT Analysis
  13.3.7ICL 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
  13.3.8Lanxess AG
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
    13.3.8.3 Financials
    13.3.8.4 SWOT Analysis
  13.3.9Newpark 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
  13.3.10Schlumberger 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
  13.3.12Tetra Technologies Inc.
    13.3.12.1 Company Overview
    13.3.12.2 Product Portfolio
    13.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Clear Brine Fluids Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Clear Brine Fluids Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Clear Brine Fluids Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Clear Brine Fluids Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Clear Brine Fluids Market: Competitive Structure
Table 6: Global: Clear Brine Fluids Market: Key Players

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$), 2017-2022
Figure 3: Global: Clear Brine Fluids Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Clear Brine Fluids Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Clear Brine Fluids Market: Breakup by Application (in %), 2022
Figure 6: Global: Clear Brine Fluids Market: Breakup by Region (in %), 2022
Figure 7: Global: Clear Brine Fluids (Potassium Chloride) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Clear Brine Fluids (Potassium Chloride) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Clear Brine Fluids (Calcium Chloride) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Clear Brine Fluids (Calcium Chloride) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Clear Brine Fluids (Calcium Bromide) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Clear Brine Fluids (Calcium Bromide) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Clear Brine Fluids (Potassium Formate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Clear Brine Fluids (Potassium Formate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Clear Brine Fluids (Cesium Formate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Clear Brine Fluids (Cesium Formate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Clear Brine Fluids (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Clear Brine Fluids (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Clear Brine Fluids (Onshore Oil and Gas Production) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Clear Brine Fluids (Onshore Oil and Gas Production) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Clear Brine Fluids (Offshore Oil and Gas Production) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Clear Brine Fluids (Offshore Oil and Gas Production) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: United States: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: United States: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Canada: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Canada: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Asia-Pacific: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Asia-Pacific: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: China: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: China: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Japan: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Japan: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: India: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: India: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: South Korea: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: South Korea: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Australia: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Australia: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Indonesia: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Indonesia: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Others: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Others: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Europe: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Europe: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Germany: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Germany: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: France: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: France: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: United Kingdom: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: United Kingdom: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Italy: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Italy: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Spain: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Spain: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Russia: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Russia: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Latin America: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Latin America: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Brazil: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Brazil: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Mexico: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Mexico: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Middle East and Africa: Clear Brine Fluids Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Middle East and Africa: Clear Brine Fluids Market: Breakup by Country (in %), 2022
Figure 71: Middle East and Africa: Clear Brine Fluids Market Forecast: Sales Value (in Million US$), 2023-2028
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


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