Global Clear Brine Fluids Market By Product (Potassium Chloride, Calcium Chloride, Sodium Chloride, Potassium Bromide, Sodium Bromide, Calcium Bromide) Expected to Reach USD 2.03 Billion by 2020: Grand View Research, Inc. The global clear brine fluids market is expected to reach USD 2.03 billion by 2020, according to a new study by Grand View Research, Inc. Increase in drilling activities particularly in the U.S., Brazil, China and Western Africa is expected to remain a key driving factor for global clear brine fluids market. Increasing deep water exploration investment particularly in “The Golden Triangle� is also expected to have a positive influence on the market growth over the next six years. Stringent environmental regulations across the U.S. and Europe on account of ground water contamination caused by clear brine fluids is expected to remain a major challenge for market participants. Potassium chloride was the largest product segment and accounted for 24.3% of total market volume in 2013. Wide range of chloride applications is expected to remain a key driver for this segment. Potassium chloride is also expected to witness the highest growth rate at 10.3% from 2014 to 2020. Global calcium chloride based clear brine fluids are expected to reach a market worth USD 72 million by 2020. The chlorides and bromides clear brine fluids have been substituting conventional drilling mud on account of their higher efficiency and cost effectiveness. To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/clear-brine-fluids-market
Global Clear Brine Fluids Market Share,Size To 2020: Grand View Research, Inc.
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.