Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.13 Billion | USD 30.71 Billion | 8.07% | 2024 |
FrequentlyAsked Questions
Calcium bromide is a chemical compound made from calcium as well as bromine. Moreover, it is a white powder that is odorless and is made from a calcium salt of volatile acid referred to as hydrotropic acid. It finds applications as drilling fluids, freezing mixtures, neuroses medication food preservatives, photography, and fire retardants. Furthermore, calcium bromide has a density of nearly 14.3 lbs per gallon.
The global calcium bromide market is expected to grow due to Increasing use as a drilling fluid in oil & gas exploration and as a completion fluid in well operations fuels growth.
According to a study, the global calcium bromide market size was worth around USD 14.13 Billion in 2024 and is expected to reach USD 30.71 Billion by 2034.
The global calcium bromide market is expected to grow at a CAGR of 8.07% during the forecast period.
North America is expected to dominate the calcium bromide market over the forecast period.
Leading players in the global calcium bromide market include TETRA Technologies, Inc., LANXESS AG, Albemarle Corporation, SAMUH LAXMI CHEMICALS (BOM) P. LTD., ICL Industrial Products, IRO GROUP INC., Spirochem Lifesciences Pvt Ltd., J.R. Simplot Company, Chemcon Speciality Chemicals Ltd., Yogi Intermediates PVT LTD, HARIKRISHNA ENTERPRISE, Neogen Chemical Limited, Merck KGaA, Weifang Taihexing Chemical Industry Co. Ltd., Haihang Industry, PARTH INDUSTRIES, Universal Drilling Fluids, SHANDONG DONGXIN NEW Materials Technology, JBC, and Innophos., among others.
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