Barite Market
PUBLISHED: 2021 ID: SMRC20634
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Barite Market

Barite Market Forecasts to 2028 – Global Analysis By Barite Type (Bleached, Ground), Application (Barium Compounds, Drilling Fluid, Fillers), End User (Drilling, Paints), Channel (Manufacturer, Aftermarket) and By Geography

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4.7 (97 reviews)
Published: 2021 ID: SMRC20634

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Barite Market is accounted for $1.50 billion in 2020 and is expected to reach $3.05 billion by 2028 growing at a CAGR of 9.3% during the forecast period. The growing usages in the plastics industry, oil and gas and in drilling fluid are the major factors driving the market growth. However, the presence of close substitutes, such as celestite and iron ore, is restraining the market growth.

Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite. The barite is found in many colours such as white, brown, grey, yellow and brown. It can be colourless. Countries like china, US, India and Morocco are the primary countries where commercial deposits of barite are found. For usage in various applications high density and chemical inertness make barite an ideal mineral. Due to its usage in exploration and development of petroleum and natural gas resources barite is an important mineral. It is mostly mined for layers of sedimentary rock. In few cases barite is a by-product of mining silver, zinc, lead or other metal ores.

Based on colour, the grey segment is estimated to have a lucrative growth due to the fact that grey colour barite is widely used in used in oil drilling application. Besides, surge in offshore oil & gas exploration activities across the globe to meet the growing global demand for energy is expected to fuel the demand for grey colour barite in the near future.

By geography, North America is going to have high growth during forecast period. A significant boost in the production of tight oil, particularly in the U.S., has resulted in a significant demand for the product. Canada is yet another prominent market in the region as there is a number of oil rigs in the country for which barite is largely used for well drilling services.

Some of the key players profiled in the Barite Market include Anglo Pacific Minerals, Ashapura Minechem Limited, Baker Hughes Incorporated, Excalibar Minerals LL C, International Earth Products LLC, Milwhite Inc, Schlumberger Limited, Sojitz Corporation, The Andhra Pradesh Mineral Development Corporation Limited, The Cary Company, Kaomin Industries LLP, Mil-Spec Industries Corporation (US) and Dev International.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1.50 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

9.3%

Predicted 2028 Value:

USD 3.05 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

360

Chapters Covered:

Type, Barite Type, Colors, Form, Deposit Type, Grade, Application, End User, Usage, Sales Channel and Region

Core Drivers and Opportunities:

  • Growing usages in the plastics industry
  • Increase in oil & gas drilling activities

Restraining Factors & Market Threats:

  • Presence of close substitutes


Types Covered:
• Construction Grade
• Medical Grade
• Oil Grade

Barite Types Covered:
• Bleached barite
• Ground Barite
• Finely Ground Barite

Colors Covered:
• White & Off-White
• Grey
• Brown
• Other Colours

Forms Covered:
• Lumps
• Powder

Deposit Types Covered:
• Residual
• Bedding
• Vein
• Cavity Filling

Grades Covered:
• Up to Special. Grade 3.9g/cm3
• Special. Grade. 4.0g/cm3
• Special. Grade. 4.1g/cm3
• Special. Grade. 4.2g/cm3
• Special. Grade. 4.3g/cm3
• Special. Grade. 4.3 & Above

Applications Covered:
• Barite Compounds Preparation
• Barium Compounds
• Diagnostic Medical Test
• Drilling Fluid
• Drilling Mud Weighting Agent
• Fillers
• Lithopone Pigment

End Users Covered:
• Oil & Gas Drilling
• Paints, Coatings & Polymers
• Healthcare, Pharmaceuticals & Medical Appliances
• Rubber & Plastics
• Textiles
• Adhesives
• Chemical Manufacturing
• Engineering Plastic
• Middle and High-Grade Paint
• Other End Users

Usages Covered:
• Weighting Agent
• Paint Pigments
• Barite Compounds Preparation
• Diagnostic Medical Tests

Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years (2019, 2020, 2021, 2025, and 2028)
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Barite Market is majorly driven by growing usages in the plastics industry and increase in oil & gas drilling activities.

The grey segment is growing at a highest CAGR owing to the fact that grey color barite is widely used in oil drilling application and growing demand for energy is propelling the growth of grey segment.

Middle East & Africa dominated with a significant market share due to the presence of some of the leading oil-producing nations of the world in this region.

North America market is growing at a highest CAGR owing to the development of local players and the growing penetration of key players in the region.

Key players in Barite Market include Anglo Pacific Minerals, AshapuraMinechem Limited, Baker Hughes Incorporated, Excalibar Minerals LL C, International Earth Products LLC, MilwhiteInc, Schlumberger Limited, Sojitz Corporation, The Andhra Pradesh Mineral Development Corporation Limited, The Cary Company, Kaomin Industries LLP, Mil-Spec Industries Corporation (US) and Dev International.

Table of Contents

1 Executive Summary     
      
2 Preface 
    
 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Application Analysis    
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining Power of Suppliers    
 4.2 Bargaining Power of Buyers    
 4.3 Threat of Substitutes    
 4.4 Threat of New Entrants    
 4.5 Competitive Rivalry    
      
5 Global Barite Market, By Type     
 5.1 Introduction    
 5.2 Construction Grade    
 5.3 Medical Grade    
 5.4 Oil Grade    
      
6 Global Barite Market, By Barite Type     
 6.1 Bleached barite    
 6.2 Ground Barite    
 6.3 Finely Ground Barite    
      
7 Global Barite Market, By Color     
 7.1 Introduction     
 7.2 White & Off-White    
 7.3 Grey    
 7.4 Brown    
 7.5 Other Colors    
  7.5.1 Yellow Barite   
  7.5.2 Blue Barite   
      
8 Global Barite Market, By Form     
 8.1 Introduction    
 8.2 Lumps    
 8.3 Powder    
      
9 Global Barite Market, By Deposit Type     
 9.1 Introduction    
 9.2 Residual    
 9.3 Bedding    
 9.4 Vein     
 9.5 Cavity Filling    
      
10 Global Barite Market, By Grade     
 10.1 Introduction    
 10.2 Up to Special. Grade 3.9g/cm3    
 10.3 Special. Grade. 4.0g/cm3    
 10.4 Special. Grade. 4.1g/cm3    
 10.5 Special. Grade. 4.2g/cm3    
 10.6 Special. Grade. 4.3g/cm3    
 10.7 Special. Grade. 4.3 & Above     
      
11 Global Barite Market, By Application     
 11.1 Introduction    
 11.2 Barite Compounds Preparation    
 11.3 Barium Compounds    
 11.4 Diagnostic Medical Test    
 11.5 Drilling Fluid    
 11.6 Drilling Mud Weighting Agent    
 11.7 Fillers    
 11.8 Lithopone Pigment    
      
12 Global Barite Market, By End User     

 12.1 Introduction    
 12.2 Oil & Gas Drilling    
 12.3 Paints, Coatings & Polymers    
 12.4 Healthcare, Pharmaceuticals & Medical Appliances    
 12.5 Rubber & Plastics    
 12.6 Textiles    
 12.7 Adhesives    
 12.8 Chemical Manufacturing    
 12.9 Engineering Plastic    
 12.10 Middle and High-Grade Paint    
 12.11 Other End Users    
  12.11.1 Paper and Pulp   
  12.11.2 Medical/ Cosmetics   
  12.11.3 Pottery   
  12.11.4 Cosmetics   
  12.11.5 Engine Compartments   
  12.11.6 Automobiles   
      
13 Global Barite Market, By Usage     
 13.1 Introduction    
 13.2 Weighting Agent    
 13.3 Paint Pigments    
 13.4 Barite Compounds Preparation    
 13.5 Diagnostic Medical Tests    
      
14 Global Barite Market, By Sales Channel      

 14.1 Introduction    
 14.2 Manufacturer/Distributor/Service Provider    
 14.3 Aftermarket    
      
15 Global Barite Market, By Geography     
 15.1 Introduction    
 15.2 North America    
  15.2.1 US   
  15.2.2 Canada   
  15.2.3 Mexico   
 15.3 Europe    
  15.3.1 Germany   
  15.3.2 UK   
  15.3.3 Italy   
  15.3.4 France   
  15.3.5 Spain   
  15.3.6 Rest of Europe   
 15.4 Asia Pacific    
  15.4.1 Japan   
  15.4.2 China   
  15.4.3 India   
  15.4.4 Australia   
  15.4.5 New Zealand   
  15.4.6 South Korea   
  15.4.7 Rest of Asia Pacific   
 15.5 South America    
  15.5.1 Argentina   
  15.5.2 Brazil   
  15.5.3 Chile   
  15.5.4 Rest of South America   
 15.6 Middle East & Africa    
  15.6.1 Saudi Arabia   
  15.6.2 UAE   
  15.6.3 Qatar   
  15.6.4 South Africa   
  15.6.5 Rest of Middle East & Africa   
      
16 Key Developments     
 16.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 16.2 Acquisitions & Mergers    
 16.3 New Product Launch    
 16.4 Expansions    
 16.5 Other Key Strategies    
      
17 Company Profiling     
 17.1 Anglo Pacific Minerals    
 17.2 Ashapura Minechem Limited    
 17.3 Baker Hughes Incorporated    
 17.4 Excalibar Minerals LL C    
 17.5 International Earth Products LLC    
 17.6 Milwhite Inc    
 17.7 Schlumberger Limited    
 17.8 Sojitz Corporation    
 17.9 The Andhra Pradesh Mineral Development Corporation Limited    
 17.10 The Cary Company    
 17.11 Kaomin Industries LLP    
 17.12 Mil-Spec Industries Corporation (US)    
 17.13 Dev International    


List of Tables      
1 Global Barite Market Outlook, By Region (2019-2027) (US $MN)      
2 Global Barite Market Outlook, By Barite Type (2019-2027) (US $MN)     
3 Global Barite Market Outlook, By Bleached Barite (2019-2027) (US $MN)     
4 Global Barite Market Outlook, By Ground Barite (2019-2027) (US $MN)     
5 Global Barite Market Outlook, By Finely Ground Barite (2019-2027) (US $MN)      
6 Global Barite Market Outlook, By Color (2019-2027) (US $MN)     
7 Global Barite Market Outlook, By White & Off-White (2019-2027) (US $MN)     
8 Global Barite Market Outlook, By Grey (2019-2027) (US $MN)     
9 Global Barite Market Outlook, By Brown (2019-2027) (US $MN)     
10 Global Barite Market Outlook, By Other Colours (2019-2027) (US $MN)     
11 Global Barite Market Outlook, By Yellow Barite (2019-2027) (US $MN)     
12 Global Barite Market Outlook, By Blue Barite (2019-2027) (US $MN)      
13 Global Barite Market Outlook, By Form (2019-2027) (US $MN)     
14 Global Barite Market Outlook, By Lumps (2019-2027) (US $MN)     
15 Global Barite Market Outlook, By Powder (2019-2027) (US $MN)     
16 Global Barite Market Outlook, By Product/Deposit Type (2019-2027) (US $MN)     
17 Global Barite Market Outlook, By Residual (2019-2027) (US $MN)     
18 Global Barite Market Outlook, By Bedding (2019-2027) (US $MN)     
19 Global Barite Market Outlook, By Vein  (2019-2027) (US $MN)     
20 Global Barite Market Outlook, By Cavity Filling (2019-2027) (US $MN)     
21 Global Barite Market Outlook, By Grade (2019-2027) (US $MN)     
22 Global Barite Market Outlook, By Up to Special. Grade 3.9g/cm3 (2019-2027) (US $MN)     
23 Global Barite Market Outlook, By Special. Grade. 4.0g/cm3 (2019-2027) (US $MN)     
24 Global Barite Market Outlook, By Special. Grade. 4.1g/cm3 (2019-2027) (US $MN)     
25 Global Barite Market Outlook, By Special. Grade. 4.2g/cm3 (2019-2027) (US $MN)     
26 Global Barite Market Outlook, By Special. Grade. 4.3g/cm3 (2019-2027) (US $MN)     
27 Global Barite Market Outlook, By Special. Grade. 4.3 & Above  (2019-2027) (US $MN)     
28 Global Barite Market Outlook, By Application (2019-2027) (US $MN)     
29 Global Barite Market Outlook, By Barite Compounds Preparation (2019-2027) (US $MN)     
30 Global Barite Market Outlook, By Barium Compunds (2019-2027) (US $MN)     
31 Global Barite Market Outlook, By Diagnostic Medical Test (2019-2027) (US $MN)     
32 Global Barite Market Outlook, By Drilling Fluid (2019-2027) (US $MN)     
33 Global Barite Market Outlook, By Drilling Mud Weighting Agent (2019-2027) (US $MN)     
34 Global Barite Market Outlook, By Fillers (2019-2027) (US $MN)     
35 Global Barite Market Outlook, By Lithopone Pigment (2019-2027) (US $MN)     
36 Global Barite Market Outlook, By  End User (2019-2027) (US $MN)     
37 Global Barite Market Outlook, By Oil & Gas Drilling (2019-2027) (US $MN)     
38 Global Barite Market Outlook, By Paints, Coatings & Polymers (2019-2027) (US $MN)     
39 Global Barite Market Outlook, By Healthcare, Pharmaceuticals & Medical Appliances (2019-2027) (US $MN)     
40 Global Barite Market Outlook, By Rubber & Plastics (2019-2027) (US $MN)     
41 Global Barite Market Outlook, By Textiles (2019-2027) (US $MN)     
42 Global Barite Market Outlook, By Adhesives (2019-2027) (US $MN)     
43 Global Barite Market Outlook, By Chemical Manufacturing (2019-2027) (US $MN)     
44 Global Barite Market Outlook, By Engineering Plastic (2019-2027) (US $MN)     
45 Global Barite Market Outlook, By Middle and High-Grade Paint (2019-2027) (US $MN)     
46 Global Barite Market Outlook, By Other End Users (2019-2027) (US $MN)     
47 Global Barite Market Outlook, By Paper and Pulp (2019-2027) (US $MN)     
48 Global Barite Market Outlook, By Medical/ Cosmetics (2019-2027) (US $MN)     
49 Global Barite Market Outlook, By Pottery (2019-2027) (US $MN)     
50 Global Barite Market Outlook, By Cosmetics (2019-2027) (US $MN)     
51 Global Barite Market Outlook, By Engine Compartments (2019-2027) (US $MN)     
52 Global Barite Market Outlook, By Automobiles (2019-2027) (US $MN)     
53 Global Barite Market Outlook, By Usage (2019-2027) (US $MN)     
54 Global Barite Market Outlook, By Weighting Agent (2019-2027) (US $MN)     
55 Global Barite Market Outlook, By Paint Pigments (2019-2027) (US $MN)     
56 Global Barite Market Outlook, By Barite Compounds Preparation (2019-2027) (US $MN)     
57 Global Barite Market Outlook, By Diagnostic Medical Tests (2019-2027) (US $MN)     
58 Global Barite Market Outlook, By Sales Channel  (2019-2027) (US $MN)     
59 Global Barite Market Outlook, By Manufacturer/Distributor/Service Provider (2019-2027) (US $MN)     
60 Global Barite Market Outlook, By Aftermarket (2019-2027) (US $MN)     
      
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.     

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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