Clear Brine Fluids Market Size, Share & Trends Analysis Report By Product (Zinc Calcium Bromide, Cesium Formate, Potassium Chloride, Calcium Chloride, Sodium Bromide), And Segment Forecasts, 2019 - 2025

Published: Feb, 2019 | Pages: 124 | Publisher: Grand View Research
Industry: Pharmaceutical | Report Format: Electronic (PDF)

The global clear brine fluids market size is expected to reach USD 1.03 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.3% during the forecast period. Increasing number of drilling operations is creating the need for completion and workover chemicals, thereby driving the demand for clear brine fluids.

Increasing deployment of Hydraulic Fracturing and Enhanced Oil Recovery (EOR) operations have resulted in an increased demand for clear brine fluids, which are not only more environment-friendly than oil-based completion fluids but also provide excellent penetration rates in unconventional formations. Moreover, rising acceptance of hydraulic fracturing and horizontal drilling techniques in shale gas exploration is likely to spur the product demand.

These brines offer more lubricity compared to the water-based muds and they function as drop-in substitutes for oil-based muds, especially in situations of horizontal lateral and multi-lateral operations. The economic benefits and technical advantages of clear brine fluids over the oil-based drilling muds are anticipated to play a crucial role in driving the market in near future.

Cesium Formate Solution (CsFO) has emerged as one of the most significant brines used by several key service providers and E&P companies for the most efficient completion operations. The segment is expected witness the fastest growth over the forecast period and is project to grow at a CAGR of 3.1% in terms of volume from 2019 to 2025.

Further key findings from the report suggest:

• Global clear brine fluids market size was estimated to be 940 kilotons in 2018 and is estimated to grow at a CAGR of 2.4% over the forecast period to reach a net volume exceeding 1,100 kilotons by 2025

• Sodium chloride was the most commonly preferred product globally and accounted for over 23% of the total market share on account of demand in 2018

• Middle East and Africa held the leading market share of over 30.0% of the total demand in 2018

• Saudi Arabia sodium bromide brines market was valued at USD 13.0 million in 2017 and is estimated to expand at a CAGR of 3.2% from 2019 to 2025

• Asia Pacific is projected to be the fastest growing regional market in terms of demand with a CAGR of 2.9% over the forecast period

• The clear brine fluids market is fragmented in nature, wherein the key participants compete on the basis of quality, price, formulation density, brand image, and distribution network

• Major market players include Albemarle Corporation, Tetra Technologies, Zirax Limited, and Solent Chemicals.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research methodology
                   1.1 Research Scope & Assumptions
                   1.2 List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends, and Scope
                   3.1 Market segmentation
                   3.2 Clear brine fluids market dynanics
                       3.2.1 Clear brine fluids value chain analysis
                           3.2.1.1 Supply chain dynamics
                       3.2.2 Brine trends and developments
                       3.2.3 Regulatory scenario
                       3.2.4 Application business analysis
                       3.2.5 Market dynamics
                           3.2.5.1 Market driver analysis
                               3.2.5.1.1 Increasing crude oil production
                               3.2.5.1.2 Rising global hydrocarbon exploration & production
                               3.2.5.1.3 Shift in trend toward developing unconventional resources
                               3.2.5.1.4 Increasing offshore production
                           3.2.5.2 Market restraint analysis
                               3.2.5.2.1 Stringent regulations against harmful chemicals and costly disposable procedures
                               3.2.5.2.2 Fluctuation in crude oil prices
                   3.3 Industry analysis - Porter's
                   3.4 Clear brine fluids PESTEL analysis

Chapter 4 Clear Brine Fluids Market: Products Estimates & Trend Analysis
                   4.1 Clear Brine Fluids market share by product, 2018 & 2025
                   4.2 Zinc Calcium Bromide 
                       4.2.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD million)
                   4.3 Cesium Formate Brines
                       4.3.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD million)
                   4.4 Potassium Chloride
                       4.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD million)
                   4.5 Calcium Chloride
                       4.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD million)
                   4.6 Sodium Chloride
                       4.6.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD million)
                   4.7 Sodium Bromide
                       4.7.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD million)
                   4.8 Other Brine Fluids
                       4.8.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD million)

Chapter 5 Clear Brine Fluids Market: Regional Estimates & Trend Analysis
                   5.1 Clear brine fluids market share by region, 2018 & 2025
                   5.2 North America
                       5.2.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.2.2 U.S.
                           5.2.2.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.2.3 Canada
                           5.2.3.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.2.4 Mexico
                           5.2.4.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                   5.3 Europe
                       5.3.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.3.2 U.K.
                           5.3.2.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.3.3 Russia
                           5.3.3.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.3.4 Norway
                           5.3.4.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                   5.4 Asia Pacific
                       5.4.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.4.2 China
                           5.4.2.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.4.3 Japan
                           5.4.3.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.4.4 India
                           5.4.4.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.4.5 Indonesia
                           5.4.5.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.4.6 Malaysia
                           5.4.5.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.4.7 Singapore
                           5.4.7.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                   5.5 Middle East & Africa (MEA)
                       5.5.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.5.2 UAE
                           5.5.2.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.5.3 Saudi Arabia
                           5.5.3.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.5.4 Qatar
                           5.5.4.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.5.5 Iran
                           5.5.5.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.5.6 Iraq
                           5.5.5.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                   5.6 Central & South America
                       5.2.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.2.2 Brazil
                           5.2.2.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)
                       5.2.3 Argentina
                           5.2.3.1 Market estimates and forecast by product, 2014-2025 (Kilotons) (USD million)

Chapter 6 Competitive Landscape
                   6.1 Vendor landscape
                   6.2 Competitive Environment
                   6.3 Four Quadrant Positioning

Chapter 7 Company Profiles
                   7.1 Albemarle Corporation
                       7.1.1 Company Overview
                       7.1.2 Financial Performance
                       7.1.3 Product Benchmarking
                       7.1.4 Strategic Initiative
                   7.2 LANXESS
                       7.2.1 Company Overview
                       7.2.2 Financial Performance
                       7.2.3 Product Benchmarking
                       7.2.4 Strategic Initiative
                   7.3 Schlumberger Limited
                       7.3.1 Company Overview
                       7.3.2 Financial Performance
                       7.3.3 Product Benchmarking
                       7.3.4 Strategic Initiative
                   7.4 Zirax Limited
                       7.4.1 Company Overview
                       7.4.2 Financial Performance
                       7.4.3 Product Benchmarking
                       7.4.4 Strategic Initiative
                   7.5 Solent Chemicals
                       7.5.1 Company Overview
                       7.5.2 Financial Performance
                       7.5.3 Product Benchmarking
                       7.5.4 Strategic Initiative
                   7.6 Cabot Corporation
                       7.6.1 Company Overview
                       7.6.2 Financial Performance
                       7.6.3 Product Benchmarking
                       7.6.4 Strategic Initiative
                   7.7 Clements Fluids
                       7.7.1 Company Overview
                       7.7.2 Financial Performance
                       7.7.3 Product Benchmarking
                       7.7.4 Strategic Initiative
                   7.8 EMEC (The Egyptian Mud Engineering and Chemicals Company)
                       7.8.1 Company Overview
                       7.8.2 Financial Performance
                       7.8.3 Product Benchmarking
                       7.8.4 Strategic Initiative
                   7.9 GEO Drilling Fluids, Inc.
                       7.9.1 Company Overview
                       7.9.2 Financial Performance
                       7.8.3 Product Benchmarking
                       7.9.4 Strategic Initiative
                   7.10 ICL (Israel Chemicals Ltd.)
                       7.10.1 Company Overview
                       7.10.2 Financial Performance
                       7.10.3 Product Benchmarking
                       7.10.4 Strategic Initiative
                   7.11 Halliburton
                       7.11.1 Company Overview
                       7.11.2 Financial Performance
                       7.11.3 Product Benchmarking
                       7.11.4 Strategic Initiative
                   7.12 Tetra Technologies, Inc.
                       7.12.1 Company Overview
                       7.12.2 Financial Performance
                       7.12.3 Product Benchmarking
                       7.12.4 Strategic Initiative

List of Tables

Table 1 Zinc calcium bromide brine fluids market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 2 Cesium formate brines market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 3 Potassium chloride brine fluid market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 4 Calcium chloride brine fluid market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 5 Sodium chloride brine fluid market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 6 Sodium bromide brine fluid market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 7 Other clear brine fluids market estimates and forecast, 2014 - 2025 (Kilotons) (USD Million)
Table 8 North America clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 9 North America clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 10 North America clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 11 U.S. clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 12 U.S. clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 13 U.S. clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 14 Canada clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 15 Canada clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 16 Canada clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 17 Mexico clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 18 Mexico clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 19 Mexico clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 20 Europe clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 21 Europe clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 22 Europe clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 23 U.K. clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 24 U.K. clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 25 U.K. clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 26 Russia clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 27 Russia clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 28 Russia clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 29 Norway clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 30 Norway clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 31 Norway clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 32 Asia Pacific clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 33 Asia Pacific clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 34 Asia Pacific clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 35 China clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 36 China clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 37 China clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 38 Japan clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 39 Japan clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 40 Japan clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 41 India clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 42 India clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 43 India clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 44 Malaysia clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 45 Malaysia clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 46 Malaysia clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 47 Indonesia clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 48 Indonesia clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 49 Indonesia clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 50 Singapore clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 51 Singapore clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 52 Singapore clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 53 MEA clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 54 MEA clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 55 MEA clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 56 UAE clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 57 UAE clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 58 UAE clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 59 Saudi Arabia clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 60 Saudi Arabia clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 61 Saudi Arabia clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 62 Qatar clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 63 Qatar clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 64 Qatar clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 65 Iran clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 66 Iran clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 67 Iran clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 68 Iraq clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 69 Iraq clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 70 Iraq clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 71 CSA clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 72 CSA clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 73 CSA clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 74 Brazil clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 75 Brazil clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 76 Brazil clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 77 Argentina clear brine fluids market, 2014 - 2025 (Kilotons) (USD Million)
Table 78 Argentina clear brine fluids demand estimates and forecast, by product, 2014 - 2025 (Kilotons)
Table 79 Argentina clear brine fluids revenue estimates and forecast, by product, 2014 - 2025 (USD Million)
Table 80 Competitive heat map analysis - clear brine fluids market

List of Figures

Fig.1 Clear Brine Fluids market snapshot
Fig.2 Clear Brine Fluids Market Segmentation
Fig.3 Clear brine fluids market volume & revenue, 2014 - 2025 (Kilotons) (USD Million)
Fig.4 Clear brine fluids market, by region, 2014 - 2025 (USD Million)
Fig.5 Clear Brine Fluids Value Chain Analysis
Fig.6 Market driver impact analysis
Fig.7 Global oil production (Million barrels per day)
Fig.8 Global crude oil production, (thousand barrels/day), 2012-2016
Fig.9 Global natural gas production by region, Billion cubic feet per day (bcf/day), 2012-2016
Fig.10 Global shale gas reserve estimates (Trillion cubic feet)
Fig.11 Estimated shale gas in relation to conventional gas reserves (Trillion cubic feet)
Fig.12 Global oil & gas rig count, units, 2013-2016
Fig.13 Market restraint impact analysis
Fig.14 Global crude oil prices, USD/Barrel, 2005-2016
Fig.15 West Texas Intermediate (WTI) Crude Oil Price, USD/Barrel, Jan 2016 - October 2017
Fig.16 Porter's Analysis: Clear brine fluids market
Fig.17 Pestle Analysis: Clear brine fluids market
Fig.18 Clear brine fluids market: Product movement analysis, 2017 & 2025 (Kilotons, %)
Fig.19 Clear brine fluids regional market: Key takeaways
Fig.20 Clear brine fluids market: Regional movement analysis, 2016 & 2025 (Kilotons, %)
Fig.21 Strategy Framework
Fig.22 Clear brine fluids market - Company market share analysis (2017)