Rising number of oil drilling activities boosts the demand for clear brine fluids. The global clear brine fluids market is estimated to grow healthily during the period between 2014 and 2020 due to the rising demand from end-use industries such as paper, food, de-icing, and oil and gas. In the oil and gas industry, clear brine fluids are especially used for operations such as drilling, makeover, and completion. These fluids control formation pressures and reduce the damage in reservoirs. Focus on developing deep sea reserves and implementing horizontal drilling have further augmented demand from the global clear brine fluids market.
Browse the full Global Clear Brine Fluids Market Report: http://www.mrrse.com/clear-brine-fluids-market
Demand for Potassium Chloride Clear Brine Fluids to be Highest during 2014-2020
The global clear brine fluids market has a huge opportunity to grow with increasing focus on exploring unconventional resources such as coal bed methane and shale gas. According to product types, the global clear brine fluids market has been segmented into sodium chloride, potassium bromide, potassium chloride, calcium chloride, sodium bromide, calcium bromide, and others. The demand for potassium chloride clear brine fluids has been the highest owing to superior inhibiting properties of the fluids. Potassium chloride clear brine fluids are mainly used as inhibitive water-based completion and drilling fluids. Manufacturers are focussing majorly on the production of potassium chloride clear brine fluids as this segment is anticipated to witness the fastest growth in the coming years.
North America Emerges as Key Destination for Clear Brine Fluids Manufacturers
Some of the key manufacturers in the global clear brine fluids market are Halliburton Company, Israel Chemicals Ltd., M-I SWACO, Albemarle Corporation, Great Lake Solutions, and TETRA Technologies Inc. TETRA Technologies Inc., one of the most prominent manufacturers of clear brine fluids, has also focussed on the production of calcium chloride clear brine fluids. The company has seven calcium chloride production facilities across North America and is the leading worldwide supplier of calcium chloride clear brine fluids. The clear brine fluids offered by M-I SWACO include potassium, sodium, and cesium formates that are displaced in the reservoir once the drilling phase has been completed.
Browse the full Press Release of Global Clear Brine Fluids Market: http://www.mrrse.com/clear-brine-fluids-industry
Many of the key manufacturers are expanding their presence across North America as the region has been witnessing the highest demand for clear brine fluids due to the presence of large number of oil and gas resources as well as development of shale gas resources. Advancement in technology in the last couple of years has led oil manufacturers to expand their drilling operations away from the shore and shift their focus towards onshore drilling activities. This has pushed the demand for clear brine fluids for drilling operations, particularly across the U.S. Gulf of Mexico.