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Brine Fluids Market Overview
Brine Fluids Market Size is forecast to reach $2203.45 Million by 2030, at a CAGR of 7% during forecast period 2024-2030. Brine fluids are water-based solutions with low or no solid particles containing inorganic salts that find application in petroleum sector across the globe. Brine fluids are manufactured using multiple salts with wide range of densities to match the user requirement. Rising demand from the semiconductor industry are expected to drive the market growth.
Brine Fluids Market Report Coverage
The report: “Brine Fluids Market - Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the brine fluids Industry.
By Type: Potassium Chloride, Calcium Chloride, Sodium Chloride, Potassium Bromide, Sodium Bromide, Calcium Bromide, Zinc Bromide, Calcium Zinc Bromide, Ammonium Chloride, and Others
By Application: Food Processing, Petrochemicals, De-Icing, Chlorine Production, Refrigeration Fluid, water softening, Electricity Generation, and Others
By End Use: Oil and Gas, Medical, Agriculture, Chemical, Food and Beverages, Power, Semiconductors, and Other
By Geography: North America, South America, Europe, APAC, and RoW
Key Takeaways
- Asia-Pacific dominates the brine fluids market owing to increasing demand from growing oil and gas industry in the region.
- The rise in oil and gas drilling activities across globe will drive the growth of the market in the forecast period.
- Fluctuation in the price of crude oil will hinder the growth of the market in the forecast period
Brine Fluids Market Segment Analysis - By Type
Potassium chloride held the largest share in the brine fluids market in 2019. Potassium chloride brine fluids are used for stabilizing water sensitive clays during the extraction completion process. It helps in controlling the formation damage and pressure in reservoirs during the extraction process, thus making it the most used clear brine fluid among various end-use industries. Potassium Chloride brine fluids is a single-salt potassium chloride solution that is used as a completion, workover, or packer fluid. It is also an effective clay/shale stabilizer in water sensitive formations. This brine fluids is generally formulated using dry potassium chloride and fresh water. Its inhibitive properties can prevent hydration and migration of swelling clays. This fluid is generally compatible with most oilfield elastomers. It can be used to avoid scaling and precipitation problems in certain environments.
The calcium chloride brine fluids held the second largest share in the brine fluids market. The single-salt composition of calcium chloride brine fluids makes it an effective component used in the formation of brine completion and workover fluids. Owing to the increasing demand for calcium chloride brine fluids in the oil and gas industry for preventing clay hydration during drilling. This factor will drive the growth of the market in the forecast period.
Brine Fluids Market Segment Analysis - By Application
Refrigeration fluid held the largest share in the brine fluids market in 2019. Refrigeration fluid are usually liquids, and are used to transfer heat from the substance being cooled to a heat exchanger where the heat is absorbed by a primary refrigerant. In an air conditioning system it could be said that air is acting as a secondary refrigerant. Aqueous solutions of sodium chloride and calcium chloride were the brine fluids used in the process. The brine fluids are used in refrigeration, air conditioning and heating plants, whenever indirect heat transfer process take place, particularly when the risk of freezing must be considered. There are a large number of products on the market, some to be used in aqueous solutions, some entirely without water. This factor will drive the growth of the market in the forecast period.
Brine Fluids Market Segment Analysis - By End Use
Oil and Gas sector held the largest share in the brine fluids market in 2019 growing at a CAGR of 7.2%. Clear brine fluids are salt-based solutions that are used in the completion and drilling activities of the petroleum and gas industries. It also helps to monitor high temperature and high pressure in the reservoir during traditional drilling operations, further minimizing damage and hazards. Increased commodity specifications at well-finished stages for the petroleum and gas industries would accentuate a clear market share for brine fluids. Strong resistance to mud swelling along with improved penetration in drilling activity would increase demand for the commodity.
Brine Fluids Market Segment Analysis - By Geography
APAC dominates the brine fluids market with a share of more than 42% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are the presence of a large number of shale gas reservoirs in the region. China holds the largest share in the recoverable shale gas industry, which has made it the largest region in terms of consumption of brine fluids in Asia Pacific. The ongoing oil and gas drilling activities in Asia Pacific are subsequently boosting the sales of clear brine fluid in the region. For instance, in September 2019, China announced its plans to invest over USD 400 billion for the projects related to petrochemical and manufacturing sector in Iran. High investment in oil and gas sector accompanied will enormous operational and potential oil reserves will in turn increase the usage of brine fluids for production of oil and gas products. This factor will drive the growth of brine fluids market in the forecast period.
The impact of COVID-19 is a pronged crisis for oil and gas companies. Oil prices are dropping due to failed agreements on production cuts and the need for chemicals and refined products is slowing from industrial slow-downs and travel restrictions in the wake of this global pandemic. Large oil and gas companies are responding by cutting capital and operational expenditures, which will filter down the suppliers and oilfield services companies. These factors will hinder the growth of market for the year, but when the situation became normal it will grow with a steady rate in the forecast period.
Brine Fluids Market Drivers
An escalation in the exploration, drilling and extraction activities for the shale oil and gas will drive the growth of market in the forecast period
With increasing oil and gas drilling activities worldwide, companies operating in the global brine fluids market are being presented with lucrative opportunities to expand their business. As developed nations are striving to gain energy security, they are focusing on the development of shale reserves as a part of their strategy. The rise in oil and gas drilling activities for this purpose is likely to drive the sales of brine fluids as they are used in the completion process of oil and gas extraction. The increased drilling activities for the exploration of unconventional resources is an opportunity that manufacturers of clear brine fluid can capitalize on. This factor will drive the growth of market in the forecast period.
Rise in the food and beverages sector will drive the growth of the market in the forecast period
Brine fluid are used historically in food production as a preservative, since salt inhibits the growth of bacteria. The solution can also be used as a marinade for meats before they are roasted, grilled, smoked, baked, or broiled. Brined meat is more tender and flavorful, as well as moist. Food and beverage is a very competitive industry with a plethora of competitors in the market. The food and beverage industry is constituted about 40 percent of its consumer-packaged goods industry. The food sector is poised for further growth, with the aim to achieve a bigger contribution to the world food trade every year. This factor will drive the growth of the brine fluid market in the forecast period.
Brine Fluids Market Challenges
Policies of OPEC related to the production of oil will hinder the growth of the market in the forecast period
The Organization of the Petroleum Exporting Countries (OPEC) is a consortium of 14 of the world’s largest oil-exporting countries. Setting the price of oil on the world market helps to safeguard against energy price fluctuations that would otherwise impact the economies of oil-producing countries as well as countries that import oil. OPEC’s member countries produce over a third of the world’s supply of oil. On a daily basis, the cartel produces nearly 32 million barrels of oil, which gives it significant power over global oil production and the price of oil as a whole.
Since the global financial crisis in 2009, oil prices had already plunged 20 percent in the lead up by OPEC. The impact of the price collapse may last longer and cause permanent damage. This factor will hinder the growth of brine fluid market in the forecast period.
Brine Fluids Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the brine fluid market. In 2019, the market of brine fluid has been consolidated by the top five players accounting for xx% of the share. Major players in the brine fluid market are TETRA Technologies Inc., Israel Chemicals Ltd., Albemarle Corporation, Egyptian Mud Engineering & Chemicals Company (EMEC), Geo Drillings Fluids, Inc., and Others.
Key Market Players:
The Top 5 companies in the Brine Fluids Market are:
- TETRA Technologies Inc.
- Halliburton Company
- Cabot Corporation
- ICL Industrial Products
- Sinomine Specialty Fluids Limited
1. Brine Fluids Market - Market Overview
1.1 Definitions and Scope
2. Brine Fluids Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends by Type
2.3 Key trends by Application
2.4 Key trends by End Use
2.5 Key trends by Geography
3. Brine Fluids Market – Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Brine Fluids Market - Startup companies Scenario Premium
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Brine Fluids Market – Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis – Top 10 companies Investment
6. Brine Fluids Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Brine Fluids Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Brine Fluids Market – By Type (Market Size -$Billion)
8.1 Potassium Chloride
8.2 Calcium Chloride
8.3 Sodium Chloride
8.4 Potassium Bromide
8.5 Sodium Bromide
8.6 Calcium Bromide
8.7 Zinc Bromide
8.8 Calcium Zinc Bromide
8.9 Ammonium Chloride
8.10 Others
9. Brine Fluids Market – By Application (Market Size -$Billion)
9.1 Food Processing
9.2 Petrochemicals
9.3 De-Icing
9.4 Chlorine Production
9.5 Refrigeration Fluid
9.6 Water softening
9.7 Electricity Generation
9.8 Others
10. Brine Fluids Market – End Use (Market Size -$Billion)
10.1 Oil and Gas
10.2 Medical
10.3 Agriculture
10.4 Chemical
10.5 Food and Beverages
10.6 Power
10.7 Semiconductors
10.8 Others
11. Brine Fluids Market - By Geography (Market Size -$Billion)
11.1 North America
11.1.1 U.S
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Colombia
11.2.4 Chile
11.2.5 Rest of South America
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Netherland
11.3.6 Spain
11.3.7 Russia
11.3.8 Belgium
11.3.9 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Australia and New Zeeland
11.4.6 Rest of APAC
11.5 Rest of the World
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 U.A.E
11.5.1.3 Israel
11.5.1.4 Rest of the Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Brine Fluids Market - Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. Brine Fluids Market Share Analysis
13.1 Market Share by Country- Top companies
13.2 Market Share by Region- Top companies
13.3 Market Share by type of Product / Product category- Top companies
13.4 Market Share at global level- Top companies
13.5 Best Practices for companies
14. Brine Fluids Market- List of Key Companies by Country
15. Brine Fluids Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 TETRA Technologies Inc.
15.3 Halliburton Company
15.4 Cabot Corporation
15.5 ICL Industrial Products
15.6 Sinomine Specialty Fluids Limited
"*Financials would be provided on a best efforts basis for private companies"
List of Tables:
Table 1: Brine Fluids Market Revenue, By Product Type, 2016-2022 ($Million)
Table 2: Brine Fluid Market Revenue, By Application, 2016-2022 ($Million)
Table 3: Americas Brine Fluids Market Value, By Products (2016-2022), $Million
Table 4: Americas Brine Fluids Market Value, By End Use Industry (2016-2022), $Million
Table 5: U.S.: GDP – Composition of 2015, By End Use
Table 6: Canada : GDP – Composition of 2015, By End Use
Table 7: Mexico: GDP – Composition of 2015, By End Use
Table 8: Brazil: GDP – Composition of 2015, By End Use
Table 9: Europe Exploration and Production Trends 2016
Table 10: Europe Brine Fluids Market Value, By Products (2016-2022), $Million
Table 11: Europe Brine Fluids Market Value, By End Use Industry (2016-2022), $Million
Table 12: U.K.: GDP – Composition of 2016, By End Use
Table 13: Germany: GDP – Composition of 2016, By End Use
Table 14: Italy : GDP – Composition of 2016, By End Use
Table 15: France: GDP – Composition of 2016, By End Use
Table 16: Spain: GDP – Composition of 2016, By End Use
Table 17: APAC Brine Fluids Market Value, By Products (2016-2022), $Million
Table 18: APAC Brine Fluids Market Value, By End Use Industry (2016-2022), $Million
Table 19: China: GDP – Composition of 2015, By End Use
Table 20: Japan: GDP – Composition of 2015, By End Use
Table 21: India: GDP – Composition of 2015, By End Use
Table 22: RoW Brine Fluids Market Value, By Products (2016-2022), $Million
Table 23: RoW Brine Fluids Market Value, By End Use Industry (2016-2022), $Million
List of Figures:
Figure 1: Brine Fluids Market Revenue, By Years, 2016-2022 ($Million)
Figure 2: Brine Fluids Market Revenue, By Region, 2016 and 2022 (%)
Figure 3: Brine Fluids Market Revenue, By Type, 2016 and 2022(%)
Figure 4: Brine Fluids Market Share, By Company, 2016 (%)
Figure 5: Brine Fluids Published Patents, 2012-2023*
Figure 6: Brine Fluids Published Patents Share, By Countries, 2012-2023* (%)
Figure 7: Crude Oil Prices
Figure 8: Avergae Rig Count
Figure 9: Potassium Chloride prices
Figure 10: Brine Fluids Market Price, By Products (2016-2022), $
Figure 11: Brine Fluids Market Life Cycle, 2015-2021
Figure 12: Sodium Chloride: Brine Fluids Market Revenue, 2016-2022 ($Million)
Figure 13: Potassium Chloride: Brine Fluids Market Revenue, 2016-2022 ($Million)
Figure 14: Calcium Chloride : Brine Fluids Market Revenue, 2016-2022 ($Million)
Figure 15: Calcium Bromide: Brine Fluids Market Revenue, 2016-2022 ($Million)
Figure 16: Sodium Bromide: Brine Fluids Market Revenue, 2016-2022 ($Million)
Figure 17: Others: Brine Fluids Market Revenue, 2016-2022 ($Million)
Figure 18: Water Softening Industries: Brine Fluid Market Revenue, By Application, 2016-2022 ($Million)
Figure 19: Oil and Gas Industries: Brine Fluid Market Revenue, By Application, 2016-2022 ($Million)
Figure 20: Global Medical Devices Market, 2016-2020 ($Billion)
Figure 21: Healthcare: Brine Fluid Market Revenue, By Application, 2016-2022 ($Million)
Figure 22: Global Sodium Carbonate Production, 2012-2016 (MT)
Figure 23: Chemical Industries: Brine Fluid Market Revenue, By Application, 2016-2022 ($Million)
Figure 24: Global Meat Production, 2013-25, 2016 (MT)
Figure 25: Food and Beverage: Brine Fluid Market Revenue, By Application, 2016-2022 ($Million)
Figure 26: Power Generation: Brine Fluid Market Revenue, By Application, 2016-2022 ($Million)
Figure 27: Aquaculture and Agriculture: Brine Fluid Market Revenue, By Application, 2016-2022 ($Million)
Figure 28: Others: Brine Fluid Market Revenue, By Application, 2016-2022 ($Million)
Figure 29: World Proved Oil Reserves, By Country, 2015
Figure 30: U.S: Proved Shale gas reserves, 2010-2015
Figure 31: U.S.: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 32: U.S.: GDP – Composition of 2015, By Sector of Origin
Figure 33: U.S.: Export and Import Value, 2012-2015 ($Trillion)
Figure 34: U.S: Shale Gas Production, 2010-2015 (Billion Cubic Feet)
Figure 35: U.S: Rig Count in 2023
Figure 36: U.S. Brine fluids Market Revenue, 2016-2022 ($Million)
Figure 37: Canada: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 38: Canada: GDP – Composition of 2015, By Sector of Origin
Figure 39: Canada : Export and Import Value, 2012-2015 ($Billion)
Figure 40: Canada: Quarterly average rig count, 2014-2023
Figure 41: Top three proved oil reserves countries, 2015
Figure 42: Canada: Brine fluid Market Revenue, 2016-2022 ($Million)
Figure 43: Mexico: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 44: Mexico: GDP – Composition of 2015, By Sector of Origin
Figure 45: Mexico: Export and Import Value, 2012-2015 ($Billion)
Figure 46: Mexico Brine fluids Market Revenue, 2016-2022 ($Millionillion)
Figure 47: Brazil: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 48: Brazil: GDP – Composition of 2015, By Sector of Origin
Figure 49: Brazil: Export and Import Value, 2012-2015 ($Billion)
Figure 50: Brazil: Rig count, 2013-2016
Figure 51: Brazil: Offshore rigs under contract in Brazil, 2010-2023
Figure 52: Brazil Brine fluids Market Revenue, 2016-2022 ($ Million)
Figure 53: Rest of Americas Brine fluids Market Revenue, 2016-2021 ($ Million)
Figure 54: Europe Brine fluids Market Revenue, 2016--2022($Billion)
Figure 55: U.K.: GDP and Population, 2013-2016 ($Trillion, Million)
Figure 56: U.K.: GDP – Composition of 2016, By Sector of Origin
Figure 57: U.K.: Export and Import Value, 2013-2016 ($Billion)
Figure 58: Oil Production, UK, By years, 2011-2015 (Million bo epd)
Figure 59: U.K. Brine fluids Market Revenue, 2016--2022 ($Million)
Figure 60: Germany: GDP and Population, 2013-2016 ($Trillion, Million)
Figure 61: Germany: GDP – Composition of 2016, By Sector of Origin
Figure 62: Germany: Export and Import Value, 2013-2016 ($Billion)
Figure 63: Germany Wastewater treatment, By Year, 2011--2013(%)
Figure 64: Germany Brine fluids Market Revenue, 2016--2022 ($Million)
Figure 65: Italy: GDP and Population, 2013-2016 ($Trillion, Million)
Figure 66: Italy: GDP – Composition of 2016, By Sector of Origin
Figure 67: Italy : Export and Import Value, 2013-2016 ($Billion)
Figure 68: Oil Production, Italy, By years, 2012-2023* (Thousand Barrels)
Figure 69: Italy Brine fluids Market Revenue, 2016--2022($Million)
Figure 70: France: GDP and Population, 2013-2016 ($Trillion, Million)
Figure 71: France: GDP – Composition of 2016, By Sector of Origin
Figure 72: France: Export and Import Value, 2013-2016 ($Billion)
Figure 73: Distribution of Retail food Industry,(%)
Figure 74: France Brine fluids Market Revenue,2016--2022($Million)
Figure 75: Spain: GDP and Population, 2013-2016($Trillion, Million)
Figure 76: Spain: GDP – Composition of 2016, By Sector of Origin
Figure 77: Spain: Export and Import Value, 2013-2016($Billion)
Figure 78: Spain Waste water treatment, By Year, 2012--2014(%)
Figure 79: Spain Brine fluids Market Revenue,2016--2022($Million)
Figure 80: Rest of Europe Brine fluids Market Revenue, 2016--2022 ($Million)
Figure 81: APAC: Brine fluids Market Revenue, 2016-2022 ($Million)
Figure 82: China: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 83: China: GDP – Composition of 2015, By Sector of Origin
Figure 84: China: Export and Import Value, 2012-2015 ($Billion)
Figure 85: China shale gas production target
Figure 86: China offshore rig count, 2013-2016
Figure 87: China: Brine fluids Market Revenue, 2016-2022 ($Million)
Figure 88: South Korea: Brine fluids Market Revenue, 2016-2022 ($Million)
Figure 89: Australia: Rig Count, 2013-2016
Figure 90: Australia and New Zealand Brine fluids Market Revenue, 2016-2022 ($ Million)
Figure 91: Japan: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 92: Japan: GDP – Composition of 2015, By Sector of Origin
Figure 93: Japan: Export and Import Value, 2012-2015 ($Billion)
Figure 94: Japan: Brine Fluid Market Revenue, By Year, 2016-2022 ($Million)
Figure 95: India: GDP and Population, 2012-2015 ($Trillion, Million)
Figure 96: India: GDP – Composition of 2015, By Sector of Origin
Figure 97: India: Export and Import Value, 2012-2015 ($Billion)
Figure 98: India Inland Rig Count, 2013-2016
Figure 99: India: Number of Factories in Food Processing sector, 2013-2016
Figure 100: India: Power generation, 2009-2023
Figure 101: India: Brine fluids Market Revenue 2016-2022 ($Million)
Figure 102: Rest of APAC: Brine fluids Market Revenue & Volume, 2016-2022 ($Million)
Figure 103: Rest of the World Brine fluids Market Revenue, 2016--2022($Million)
Figure 104: Middle East Crude and non conventional oil, natural gas liquids Production, (2011-2015)
Figure 105: Middle East Brine fluids Market Revenue, 2016--2022($Million)
Figure 106: African Waste water treatment, By Year, 2011--2014(%)
Figure 107: Number of Rig Counts, Africa, 2016--2022($Million)
Figure 108: Africa Brine fluids Market Revenue, 2016--2022($Million)
Figure 109: Tetra Technologies, Inc., Net Sales, 2013-2016 ($Million)
Figure 110: Tetra Technologies, Inc., Net Sales Share, By Business Segment, 2016 (%)
Figure 111: Tetra Technologies, Inc., Net Sales Share, By Geography, 2016 (%)