Clear Brine Fluids Segmentation
Product Type (Calcium Chloride, Sodium Chloride, Zinc Calcium Bromides, Cesium Formate, Potassium Chloride)
The sodium chloride segment in the clear brine fluids market is projected to gather the largest share of about 30% during the forecast period. This is since this product is set to be used most commonly use since it provides solid-free work. It is employed since adding salt to water reduces the freezing point of the mixture and as the material can be purchased for a low price it furthers allow a significant increase in heat transport efficiency. As a result, the segment is set to be encouraged to grow over the coming years.
Application (Oil & Gas Exploration, Enhanced Oil Recovery)
Clear brine fluids market from the oil & gas exploration segment is projected to capture the highest share of approximately 70% during the forecast period. The major factor for its growth is the availability of large part of land which is yet to be explored. In globe, around 46 years of oil is yet to be extracted. As a consequence, the market demand for clear brine fluids is growing. Additionally, there has been surge in disputes among nations which has further increased the price of oil. Hence this has encouraged nations to explore the oil & gas fields within their borders.
Our in-depth analysis of the global clear brine fluids market includes the following segments:
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