The Report “Global Brine Fluids Market by Application (Oil & Gas, Medicinal, Others) by Geography - Analysis and Forecast to 2019” is estimated to reach $1,037.6 million by 2019, at a CAGR of 5.9 % from 2014 to 2019.
Browse through the TOC of the Global Brine Fluids Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Brine is basically a solution of salt and water. It is used as a preservative for food products through the process of brining. Brine contains a very high salt content, which prevents the growth of bacteria and helps in preserving the food items. It also has industrial applications in medical and oil and gas industry. Apart from sodium chloride, brine fluids can also be prepared through potassium chloride, calcium chloride, potassium bromide, calcium bromide, and sodium bromide. Brine is a low cost solution and acts as excellent food preservative and pre-wetting agent. It is also a very good cooling agent. In recent years, the global brine market has experienced rapid growth. The only limitation faced by the market, that is, stringent regulations, can be handled by implementing proper guidelines for brine disposal.
North America has the maximum share in the global brine market. This market is projected to register a CAGR of 4.0% between 2014 and 2019 and reach a value of $491.4 million by 2019. This dominance is due to the technological advancements and growing oil and gas industry in North America.
The factors enhancing the growth of the global market for brine include extensive drilling activities, increasing demand for conventional and non-conventional natural resources, and rising demand from other end-use markets. The oil and gas industry was accounted for approximately 85% of the consumption of brine in 2014.`
The report estimates the global market for brine, in terms of value and volume, along with the market trends during 2014–2019. The report also discusses the recent developments in the global brine market and the key strategies adopted by the key market players.
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