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Clear Brine Fluids Market Is Anticipated to Reach Us$1,444.7 Mn by 2023, Expanding at a Cagr of 6.2% Between 2015-2023

  • Date Submitted: 08/26/2016 02:24 AM
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Transparency Market
Research
Clear Brine Fluids Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2023

Published Date
22-Jan-2016

126 Page Report

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Press Release

Rise in Drilling Activities for Unconventional Energy
Resource Exploration to Boost Demand for Clear Brine
Fluids, Says TMR
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Clear Brine Fluids Market

REPORT DESCRIPTION
Clear Brine Fluids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023
With increasing oil and gas drilling activities worldwide, the demand for quality clear brine fluids is also
increasing due to their role in the drilling completion process. Leading companies operating in the global clear
brine fluids market are focusing on acquiring smaller organizations to expand their business. The key players
in the global clear brine fluids market comprise Israel Chemicals Ltd., Albemarle Corporation, and TETRA
Technologies with a share of 42.1% in the market as of 2014.
Due to the existence of few large MNCs, the degree of competition in the global clear brine fluids market is
moderate. To maintain their position in the global clear brine fluids market, the leading market players are
focusing on the reduction of production costs of clear brine fluids to enable completion of offshore drilling
projects. However, the prevalence of entry barriers such as brand equity is likely to inhibit the entry of new
players in the global clear brine fluids market.
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Rising Oil and Gas Drilling Activities in Developed Nations to Drive Sales of Clear Brine Fluids
The Organization of Petroleum Exporting Countries (OPEC) plays a major role in fixing the global price of
crude oil. As a result...

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