Formate Brines Market - Top Companies and Manufacturers

  • Report ID: 4180
  • Published Date: Jul 26, 2024
  • Report Format: PDF, PPT

Companies Dominating the Formate Brines Landscape

top-features-companies
    • American Elements
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • TETRA Technologies, Inc.
    • Cabot Corporation
    • Schlumberger Limited
    • Perstorp Holding AB (PETRONAS Chemicals Group)
    • ADDCON GmbH
    • Gelest, Inc.
    • Dynalene, Inc.
    • Mudanjiang Fengda Chemical Co., Ltd.
    • Hawkins, Inc.

Browse Key Market Insights with Data Illustration:

In the News

  • TETRA Technologies, Inc. and Halliburton, two giants in the oil service industry, signed an agreement by announcing their commencement into global joint marketing and development, driving the sales and distribution of TETRA CS Neptune i.e., TETRA’s propriety of completion fluids. This collaboration agreement will raise innovative bars in development for the oil and & gas drilling and completion fluids market. 

  • Perstorp Holding AB, has undertaken a Securities Purchase Agreement which states, Perstorp Group’s acquisition by PETRONAS Chemical Group Berhard (PCG). This acquisition provides a strong market position to PCG in the specialty chemical industry and contributes benefits to the economy in the coming period while maintaining sustainability goals.


Author Credits:  Rajrani Baghel


  • Report ID: 4180
  • Published Date: Jul 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of formate brines is estimated at USD 575.23 Million.

The formate brines market size was over USD 553.32 Million in 2023 and is projected to cross USD 968.46 Million by the end of 2036, growing at more than 4.4% CAGR during the forecast period i.e., between 2024-2036. The increasing demand for formate brines in the oil and gas industry for drilling operations, along with its adoption in the chemical and pharmaceutical industry are some of the major factors estimated to drive the growth of the market.

North America is anticipated to account for majority industry share by 2036, driven by exploration of the oil and gas industry and increasing demand for environmentally friendly drilling fluids.

American Elements, TETRA Technologies, Inc., Cabot Corporation, Schlumberger Limited, Perstorp Holding AB (PETRONAS Chemicals Group), ADDCON GmbH, Gelest, Inc., Dynalene, Inc., Mudanjiang Fengda Chemical Co., Ltd., Hawkins, Inc.
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