Barite Market Global Analysis, Revenue, Demand, Statistics, Forecast Report, Trend Analysis Research Report by 2030

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The global barite market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period.

The global barite market was significantly larger in 2021 and is expected to grow at a rapid rate over the forecast period. Rapid industrialization, increased building and construction activities, and increased applications in the oil and gas, paints and coatings, healthcare, automotive, and other industries are key factors driving global market revenue growth. Other major factors driving revenue growth in the global barite market include rapidly increasing oil and gas drilling and exploration activities, as well as rising demand for petroleum and various petrochemical products such as polymers, resins, synthetic fibres, rubbers, dyes, adhesives, and paints and coatings.

Barite is a mineral composed of barium sulphate (BaSO4) that is colourless or white, off-white, grey, light blue, or yellow. It is the primary source of barium, and due to its high specific gravity of up to 4.5, robust density, and chemical inertness, it is suitable for a wide range of industrial, manufacturing, and medical applications. Barite, anglesite (lead sulphate), celestine (strontium sulphate), and anhydrite are all members of the barite group (calcium sulfate). The mineral occurs naturally in various depositional environments and is deposited via processes such as hydrothermal, biogenic, and evaporation. Barite is typically found in sedimentary rocks as concretions or void-filling crystals; for example, it can be found in hot spring deposits and lead-zinc veins in limestones. As of 2019, global barite production was estimated to be around 9.5 million metric tonnes, with China, India, Mexico, the United States, Turkey, and Russia among the major producers.

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Top Players in the Global Barite Market:

  • Anglo Pacific Minerals Ltd.
  • Ashapura Minechem Limited
  • The Andhra Pradesh Mineral Development Corporation Limited
  • Baker Hughes Company
  • International Earth Products LLC
  • Milwhite Inc.
  • Newpark Resources Inc.
  • PS Barite Mining Co. Ltd.
  • Schlumberger Limited
  • Sojitz Corporation
  • The Cary Company
  • Excalibur Minerals, LLC
  • Schlumberger Limited
  • New Riverside Ochre
  • Cimbar Performance Minerals
  • Sachtleben Chemie GmbH
  • Pands Group
  • The Kish Company, Inc.
  • Alcor Minerals
  • PVS Global Trade Pvt. Ltd.

Increasing industrial applications of barite and its growing demand in the oil gas, construction, paints coatings, healthcare, and automotive industries are among the key factors contributing to the global barite market's steady revenue growth. Barite is used as a weighting agent in petroleum well drilling muds in the oil and gas industry to increase the specific gravity of the mud, thereby maintaining hydrostatic equilibrium and preventing oil or gas from entering high-pressure zones. Barite is widely used as a radiocontrast agent in X-ray imaging and other medical imaging and diagnostic procedures in the healthcare industry.

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Barite Market segmentation

Deposite Type Outlook:

  • Residual
  • Bedding
  • Vein
  • Cavity Filling

Color Outlook:

  • White Off-white
  • Grey
  • Brown
  • Others

Form Outlook:

  • Lumps
  • Powder

Grade Outlook:

  • Up to Grade 3.9
  • Grade 4.0
  • Grade 4.1
  • Grade 4.2
  • Grade 4.3
  • Grade Above 4.3

End-use Industry Outlook:

  • Oil Gas Industry
  • Pharmaceutical Industry
  • Paints Coatings Industry
  • Rubber Plastics Industry
  • Adhesives Sealants Industry
  • Textile Industry
  • Others

Regional Outlook:

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • K.
    • Italy
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Rest of MEA

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