Companies Dominating the Formate Brines Landscape
- 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 industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of formate brines is estimated at USD 620.6 million.
The formate brines market size was valued at USD 578.22 million in 2024 and is likely to cross USD 1.02 billion by 2037, expanding at more than 4.5% CAGR during the forecast period i.e., between 2025-2037. 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 will propel the market growth.
North America industry is predicted to hold largest revenue share by 2037, driven by exploration of the oil and gas industry and increasing demand for environmentally friendly drilling fluids.
The major players in the market are 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.
