Formate Brines Market Size & Share, by Type (Sodium, Potassium, Cesium); Application (Drilling Fluids, De-icing Heat, Transfer Fluids); End-user (Oil & Gas, Chemicals, Pharmaceuticals, Leather) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4180
  • Published Date: Feb 08, 2023
  • 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

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:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4180
  • Published Date: Feb 08, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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.

The market is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023-2035.

High cost of raw materials, and lack of consumer awareness about the benefits of formate brines are estimated to hamper the market growth.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are TETRA Technologies, Inc., Cabot Corporation, Schlumberger Limited, Perstorp Holding AB, ADDCON GmbH, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, end-user and by region.

The oil & gas industry formate segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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