The brine market is progressing aggressively, which is expected to continue in near future, mainly driven by the extensive growth in Asia-Pacific and North American region. Considerable amount of investments are made by various market players to serve the end-user applications industry. Extensive drilling activities, increasing demand for conventional and non-conventional natural resources, and rising demand from other end-use markets have played a significant role in the growth of global brine industry.
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North American region dominates the global brine market with a share of 50% in 2014. This large share of is attributed to various factors, such as increasing oil and gas drilling activities and technological advancements. Almost 85% of the total brine demand was for the oil and gas application in 2014, with the medical industry being the fastest-growing end-use segments owing to the increasing demand for medical services globally.
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The report provides in-depth profiles of the key market players along with the recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the brine market.
The key players operating in the global brine market are Israel Chemicals Limited (Israel), Albemarle Corporation (U.S.), Chemtura Corporation (U.S.), Jordan Bromine Company (Jordan), Dow Chemicals (U.S.), Halliburton (U.S.), M-I SWACO, Hindustan Salts Ltd. (India), Tata Chemicals Ltd. (India), and Tetra Technologies (U.S.).
