Barite - Global Market Outlook (2017-2023)
According to Stratistics MRC, the Global Barite Market is accounted for $1.34 billion in 2016 and expected to grow at a CAGR of 5.5% to reach $1.95 billion by 2023. Factors like growing automobile industry, persistent growth of construction industry and rapidly growing oil and gas drilling industry, increased investments in barite-mining projects are boosting the market growth. However, the stringent regulations of various governments over the production hamper the growth of the market.
Asia Pacific region is emerging significantly as India and China are the major product manufacturers along with huge demand for paints and plastics from countries including China, India and Thailand. Europe shows a stable growth due to recent economic crises in Western Europe. North America is anticipated to dominate the market due to the increased demand for barite drilling mud in the oil and gas industry.
Some of the key players in Global Barite Market are Kaomin Industries, America Oil Field Services, LLC, Anglo Pacific Minerals, Ashapura MineChem Limited, Cimbar Performance Minerals, Seaforth Mineral & Ore Co. Inc, Desku Group Inc, Excalibar Minerals LLC, Halliburton Company, International Earth Products LLC, International Mining Alliance, Park Metals & Minerals Co., Shanghai Titanos Industry Company Limited and Shijiazhuang Oushun Mineral Products Company Limited.
• Construction Grade
• Medical Grade
• Oil Grade
• Barium Compound
• Drilling Mud Weighting Agent
• Lithopone Pigment
• Other Applications
• Up to Sp. Gr. 3.9
• Gr. 4.0
• Gr. 4.1
• Gr. 4.2
• Gr. 4.3 and above
• Vein and Cavity Filling
• Bleached Barite
• Ground Barite
• Finely Ground Barite
End Users Covered:
• Drilling Mud
• Rubber & Plastics
• Paints & Coatings
• Other End Users
o Engine Compartments
o Medical Appliances
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- 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
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