Clear brine fluids or completion fluids are widely used in the activities related to drilling, shale gas, oil and deep water. They are very useful as it improves the performance and way better than the old fluids.
Global clear brine fluids market is set to witness a substantial CAGR of 6.75% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for clear brine fluids and increasing urbanization and industrialization are the major factor for the growth of this market.
Global clear brine fluids market is set to witness a substantial CAGR of 6.75% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for clear brine fluids and increasing urbanization and industrialization are the major factor for the growth of this market.
Clear brine fluids or completion fluids are widely used in the activities related to drilling, shale gas, oil and deep water. They are very useful as it improves the performance and way better than the old fluids.
Potassium formate (CHO2K) is the potassium salt of formic acid. With a molar mass of 84.12 g/mol, this highly water?soluble product is used primarily as a brine in drilling, completion, and workover fluids. Potassium formate has also been used as a potential environmentally friendly deicing salt for use on roads and airports.
Increasing demand for flame retardants from construction and automotive and other areas coupled with the increasing demand for clear brine fluids from oil and gas extraction is expected to drive the demand of bromine during forecast period.
Bromine Market demand stood at 1.13 Million Tonnes in 2020 and is forecast to reach 1.812 Million Tonnes by 2030, growing at a healthy CAGR of 4.85% until 2030. Bromine is a halogen element that appears as a red-brown liquid at room temperature. Bromine has various derivatives including organoBromine, clear brine fluids, hydrogen bromide, etc. Bromine has application in various areas including flame retardants, water treatment and biocides, mercury emission control, hydrogen bromide flow batteries, pesticides, plasma etching, pharmaceuticals, and others.
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The global bromine market size is expected to grow from $3.88 billion in 2021 to $4.32 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%.
Construction and electronics industries found a great deal of demand for bromine to meet fire safety regulations and standards, which is a key component in flame retardants.
Major players in the bromine market are ICL Group Limited , Albemarle Corporation, LANXESS AG, Tosoh Corporation, TATA Chemicals Ltd.....@ @ https://bit.ly/3N7xloQ
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The report aims to estimate the size of the market for Bromine Derivatives and the future growth potential of the market for Bromine Derivatives across various segments, such as derivatives and application industry and the area.
Global Bromine Market trends estimates high demand in the coming years. The bromine report delivers information of market size (volume and value), and the segment markets by regions, types, major drivers, trends, demand, challenges, applications, annual growth rate, forecasts, and companies.
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The bromine market is projected to grow from USD 3.3 billion in 2021 to USD 4.1 billion by 2026, at a CAGR of 4.5% from 2021 to 2026.This report spread across 305 Pages, Profiling 15 Companies and Supported with 346 Tables and 53 figures are now available in this research. Get Free Sample Report in PDF Format @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=280983
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