Global Brine Market is Expected to Reach $1,037.6 Million by 2019, at a CAGR of 5.9 % from 2014 to 2019
FORT WORTH, Texas, March 25, 2015 /PRNewswire/ --
The global brine market is projected to register a market value of $1,037.6 million by 2019, a CAGR of 5.9 % between 2014 and 2019.
Browse through the TOC of global brine market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
http://www.micromarketmonitor.com/market-report/brine-fluids-reports-5317899398.html
Early buyers will receive 10% customization on this report.
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.
Inquiry Before Buying @ http://www.micromarketmonitor.com/contact/5317899398-inquery_before_buy.html
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.
Related Reports:
The Asia-Pacific Phthalic Anhydride Market, along with its applications, has witnessed a strong growth in the past few years and this growth is estimated to be strong in the coming years. Phthalic anhydride is one of the basic organic chemical raw materials widely used in the plastics, paints & coatings, dyes, building & construction, pharmaceuticals, and rubber industries. Diversified applications of phthalic-based plasticizers in a broad spectrum of industries are among the major reasons behind the rapidly-growing demand for plasticizers in Asia-Pacific. However, the consumer shift towards sustainable products is impacting the demand for phthalic anhydride and its applications in various industries.
http://www.micromarketmonitor.com/market/asia-pacific-phthalic-anhydride-2887780714.html
Report Subscription:
MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Chemicals and Advanced Materials industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Chemicals and Advanced Materials industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.
http://www.micromarketmonitor.com/offerings/subscription
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Contact:
Mr. Chandrasekhar K.
5601 Bridge Street
Suite 300
Fort Worth, TX 76112
Tel: +1-888-502-0539
E-mail: [email protected]
SOURCE MicroMarket Monitor
Share this article