Clear Brine Fluids Market to Witness an Outstanding Growth by 2023

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Polyolefins Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2024

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• Global Polyolefin Market Snapshot

• Polyethylene promises the largest application in
  the near future, thanks to robust demand for the
  HDPE grade variety.
• The variety is followed by LLDPE, and LDPE in
  demand. The applications of this thermoplastic
  range from construction, buildings, consumer
  goods, automotive, and electronics as well.
  Additionally, the plastic is also used for
  manufacturing buckets, consumer goods, covers,
  lids, pipes, plastic bags, toys, films, bottles,
  among others.

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Polyolefin A Promising Solution to Ongoing
Threat of Plastic Bans
Neste and Borealis have entered a strategic
collaboration to produce renewable varieties of
Polypropylene. Neste, a company which
specializes in providing bio-based varieties for
conventional fossil-based feedstock to produce
bio-degradable varieties of plastics. The
company will provide ISCC Plus certification,
which stands for International Sustainability
Carbon Certification to trace, and authenticate
renewability of the final products. In April
2019. Dow Chemicals received the Edison award in
the US for its innovation with polyolefin
dispersion epoxy coating for Canvera metal.
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Asia Pacific to Show Promising Growth in Near
Future

• On the other hand, the clear brine fluid market
  in Asia Pacific is projected to witness a
  promising growth in the coming years of the
  forecast period.
• The growth of the Asia Pacific market is expected
  to be driven by the presence of several shale gas
  reservoirs in the region.
• China in particular is among the leading
  contributors for the growth of the clear brine
  fluids market in Asia Pacific due to its rapidly
  booming recoverable shale gas industry.
• Moreover, the current drilling activities
  pertaining to the gas and oil industry in the
  Asia Pacific region is also expected to boost the
  development of the clear brine fluids market.

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Potassium Chloride Brine Fluids Products Segment
to Witness Fastest Growth

• Potassium chloride brine fluids are used for
  stabilizing water sensitive clays during the
  extraction completion process.
• It helps in controlling the formation damage and
  pressure in reservoirs during the extraction
  process, thus making it the most used clear brine
  fluid among various end-use industries.
• The global potassium chloride brine fluids
  segment is projected to expand at a CAGR of 6.5
  in terms of revenue between 2015 and 2023.

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