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Calcium Bromide Market Share

Report ID: GMI12017
Published Date: Oct 2024
Report Format: PDF

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Calcium Bromide Market Share

Global Calcium Bromide Market Company Share, (2023)

Akzonobel, Dow, Evonik Industries, ICL, Lanxess collectively dominate the calcium bromide industry with their extensive industry experience, innovative product offerings, and widespread global presence. AkzoNobel is a leading global paints and coatings company that also produces specialty chemicals, including calcium bromide. The company focuses on innovative solutions for oil and gas applications, where calcium bromide is used as a clear brine fluid, enhancing drilling efficiency and performance. Dow is a multinational chemical corporation that manufactures a range of products, including calcium bromide. The company's focus on sustainable solutions and advanced materials has positioned it as a key player in the oil and gas sector, utilizing calcium bromide in hydraulic fracturing and other drilling operations to optimize resource extraction.

Evonik Industries specializes in high-performance materials and chemicals, with calcium bromide being part of their product portfolio. The company leverages its expertise in specialty chemicals to provide solutions for water treatment and oilfield applications, enhancing the effectiveness of calcium bromide in various industrial processes.

ICL is a global leader in specialty minerals and fertilizers, producing calcium bromide for diverse applications. The company’s focus on innovation in the oil and gas sector, along with its commitment to sustainability, helps position calcium bromide as a vital component for enhancing drilling fluids and reducing environmental impact.

Lanxess is a prominent specialty chemicals company that manufactures a variety of products, including calcium bromide. With a strong emphasis on performance materials, Lanxess develops solutions for the oil and gas industry, where calcium bromide serves as an effective brine fluid, supporting efficient drilling operations while addressing safety and environmental standards.

Calcium Bromide Market Companies

Major players operating in the calcium bromide industry are:

Akzonobel
Dow
Evonik Industries
ICL
Lanxess
Nouryon
PPG Industries
Solvay
Tosoh Corporation
Veolia Environnement

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for calcium bromide was valued at USD 5.6 billion in 2023 and is expected to reach USD 8.9 billion by 2032, driven by a CAGR of over 5.4% from 2024 to 2032.

In 2023, drilling fluids accounted for a 40.2% share of the market, bolstered by their crucial function in oil and gas exploration.

U.S. market was valued at USD 1.4 billion in 2023, driven by significant shale oil and gas reserves and stringent regulatory frameworks.

Major players in the industry include Akzonobel, Dow, Evonik Industries, ICL, Lanxess, Nouryon, PPG Industries, Solvay, Tosoh Corporation, and Veolia Environnement.