Exploration of Shale Reserves to Boost the Clear Brine Fluids Market | Technavio

LONDON–(BUSINESS WIRE)–#Chemicals–The global
clear brine fluids market is expected to grow at a CAGR of more than
6% during the period 2017-2021, according to a new market research study
by Technavio.

The report categorizes the global clear brine fluids market by product,
which includes potassium chloride, calcium bromide, calcium chloride,
sodium chloride, and sodium bromide. The report also determines the
geographic breakdown of the market in terms of detailed analysis and
impact, which includes key geographies such as APAC, the Americas, and
EMEA.

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Market driver: increasing demand from the oil and gas industry

The increased use of clear
brine fluids has increased productivity in the oil and gas industry.
Clear brine fluids are industrial fluids that are primarily used as
drilling fluids in the oil and gas industry. Clear brine fluids play a
significant role in completion and remedial work. The increase in the
number of rig counts over the period has a positive impact on the growth
of the market.

According to Kurva Samba Sivudu, a lead analyst at Technavio for specialty
chemicals research, “The solid-free nature of clear brine fluids
and the controlled high densities enable their extensive use in the oil
and gas industry by contributing to the stabilization of sensitive
formations. Increased drilling activities in the oil and gas industry
have contributed to the significant growth of the clear brine fluids
market.”

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Market trend: exploration of shale reserves

The exploration of shale gas reserves has increased the demand for
drilling activities and the demand for increased productivity, thereby
minimizing the losses. This has driven the demand for clear brine
fluids. Increasing investment in shale gas reserves in emerging
economies and in the Americas will contribute to the growth of the clean
brine fluids market during the forecast period.

Market challenge: fluctuations in the price of crude oil

The market for clear brine fluids is expected to follow the dynamics
similar of crude oil, such as the price. As the demand for clear brine
fluids is generated from the oil and gas industry and through drilling
activities, the price fluctuation of crude oil is expected to impact the
market for clear brine fluids market.

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Key vendors in the market

• Albemarle
• Halliburton
• LANXESS
• Schlumberger
• TETRA Technologies

The global clear brine fluids market is moderately concentrated with the
presence of a few multinational players. The threat of new entrants to
the market is relatively low because of the high cost involved in
establishing new manufacturing plants. Competitors are investing in R&D
to develop innovative and unique products. Since the market is
concentrated, the competition among players is intense.

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