Sarasota, FL -- (SBWIRE) -- 02/08/2019 -- Zion Market Research has published a new report titled "Clear Brine Fluids Market by Products (Potassium Chloride, Calcium Chloride, Potassium Bromide, Sodium Bromide, Sodium Chloride, Calcium Bromide, And Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024''. According to the report, global clear brine fluids market was valued at around USD 780 million in 2017 and is expected to reach approximately USD 1,450 million in 2024, growing at a CAGR of slightly above 5% between 2018 and 2024.

A brine solution is a salt dissolved in water. The solution may vary depending upon the proportion of water with salt. The solution is manufactured in order to control structure pressure and also to reduce the damage in the reservoirs. These solutions are largely used for food preservation process.

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The increasing demand for clear brine fluids especially from oil & gas industry is one of the major factors that is driving the growth of the market. In recent years, the drilling activities have increased worldwide. The developed countries are paying more attention to gain security for energy. These countries are focusing on the development of shale reserves as part of their strategies. A considerable shift has been observed towards the expansion of unconventional resources of energy such as CBM (Coalbed Methane), tight gas, among others. However, the shale gas situation coupled with the political imbalance in the Middle East is one of the restraining factors that are hampering the growth of the market. However, focus on exploring unconventional resources such as shale gas and coal bed methane is anticipated to provide various opportunities for the key players operating in the global clear brine fluids market.

The global clear brine fluids market can be diversified on the basis of product and regions. The product type of global clear brine fluids market is segmented into potassium chloride, calcium chloride, potassium bromide, sodium bromide, sodium chloride, calcium bromide, and others. Oil & gas sector is expected to be the most dominating end-user segment of the global clear brine fluids market and is expected to grow at a higher growth rate over the forecast period. Moreover, the increase in drilling activity in regions like the Middle East and Africa is expected to drive the demand for clear brine fluids in the years to come.

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Based on region, the market is diversified into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. North America had the most significant share of the clear brine fluids market in terms of volume during the year 2017. This can be attributed to the increase in drilling activities in the region. There is an increase in investment in the drilling activities in the region which is favoring the growth of the market. The Asia Pacific clear brine fluids market is also expected to witness significant growth during the forecast period. Major countries in the region had accounted for around 15% of the shale gas reserves in the year 2015 and are growing at a very high rate.

Some of the key players operating in the global clear brine fluids market are Egyptian Mud Engineering & Chemicals Company (EMEC), Drillings Fluids, Inc., Geo Drillings Fluids, Inc., TETRA Technologies Inc, Great Lake Solutions, Albemarle Corporation, Israel Chemicals Ltd., Zirax Ltd., Solent Chemicals, Cabot Corporation, and Clements Fluids, amongst others

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Clear Brine Fluids Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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