Press release
Barite Market 2018-2024 Top Key Players Deutsche Baryt Industrie, Halliburton, CIMBAR Performance Minerals, New Riverside Ochre Company, Inc., Excalibar Minerals LLC
Barite Market
Steadily growing gas & oil industry, especially in the U.S., due to abundant shale reserves and varying industry dynamics for promoting usage of alternative energy sources has fueled barite market share in recent times.
This trend shall continue over the next few years due to strong demand for meeting energy requirements in various industries including power, transportation, etc. which shall consequently create ample growth opportunities for barite market by 2024.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1328
Furthermore, positive growth drivers in pharmaceutical industry, specifically in Asia Pacific shall stimulate barite market during forecast timeframe, owing to gradually improving healthcare infrastructure and increasing geriatric population, as the product is widely used as fillers for plasters and in diagnostic tools.
Booming paints & coatings market in Asia Pacific, due to rapid urbanization and industrialization shall accelerate barite market during the forecast timeframe. White & off-white barite is commonly used for pigments preparation in paints industry. Constantly expanding construction industry in countries including, India and China, due to constantly improving economic aspects is a prime factor responsible in increased coatings & paints demand. This has substantially amplified product demand in above industry as well as automobile sector.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1328
Inadequate and scattered geographical occurrence of barite and excessive transportation costs may challenge barite market growth during the forecast period. Moreover, easy accessibility of existing options including ilmenite, hematite, etc. that are also widely used for weighing purpose in energy sector may obstruct barite market growth over next few years.
Upto grade 3.9 barite market shall witness CAGR near to 3% in the forecast duration. It is a lower grade barite and is produced in equal ratio of barite and alternative weighing materials such as hematite and ilmenite. Grade 4.2 market is expected to register a CAGR of approximately 4% during forecast period, as it has widespread usage in oil & drilling industry on account of its superior rheological properties, that makes it highly desirable for weighing agent.
These are exceptional quality grades, which are found below earth surface. Grade 4.2 shall witness a sluggish growth rate over the next few years as oil & drilling industry players are increasingly preferring grade 4.1 due to similar traits and cost effectiveness compared to the former. This rising popularity of grade 4.1 is also owing to rising transportation problems pertaining to grade 4.2.
Grey barite market is likely to attain a CAGR close to 4% due to its prevailing demand in oil & gas industry. It cools the drill & eventually suspends the rock particles by raising hydrostatic pressure that nullifies high-pressure areas experienced while drilling. White and off-white barite is likely to experience augmented demand as it finds various applications in cosmetics, paints & coating and rubber industry.
Key market share contributors operational in barite market are Halliburton, Spectrum Chemical Mfg. Corp., Excalibar Minerals, New Riverside Ochre, Barium & Chemicals Inc., Deutsche Baryt Industrie and Ashapura Group of Industries.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/news
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Barite Market 2018-2024 Top Key Players Deutsche Baryt Industrie, Halliburton, CIMBAR Performance Minerals, New Riverside Ochre Company, Inc., Excalibar Minerals LLC here
News-ID: 1193563 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Barite
Global Barite Industry Analysis By Geography
Stratistics MRC's Barite Market report explains company profiling, key segments, market trends, top players and regional, country-level segments.
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…
2028 Barite Industry Report Growth Forecasts
Stratistics MRC's Global Barite Market value expected to reach $3.05 billion growing at a CAGR of 9.3% during 2020-2028.
Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite. The barite is found in many colours such as white, brown, grey, yellow and brown. It can be colourless. Countries like china, US, India and Morocco are the primary countries where commercial deposits of barite…
Global Barite Industry Analysis By Geography
Stratistics MRC's Barite Market report explains company profiling, key segments, market trends, top players and regional, country-level segments.
Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite. The barite is found in many colours such as white, brown, grey, yellow and brown. It can be colourless. Countries like china, US, India and Morocco are the primary countries where commercial deposits of barite are…
2021 Barite Industry Global Analysis Report
Stratistics MRC 2021 Barite Market report is Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite.
Barite is a kind of mineral that carries barium sulfate.BaSO4 is the chemical formula used for barite. The barite is found in many colours such as white, brown, grey, yellow and brown. It can be colourless. Countries like china, US, India and Morocco are the primary countries…
Barite Market – Global Industry Report, 2027
Albany, NY - Key Highlights
A recent research report published by Transparency Market Research projects the global barite market to expand at a CAGR of 4.5% during the period between 2019 and 2027. The report, titled “Barite Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027,” estimates the global barite to reach US$ 2.0 Bn by 2027, from US$ 1.3 Bn in 2018.
Barium, a chemically inert…
Global Barite Market Size, Share | MarketResearchReports.biz
Latest industry research report on: Global Barite Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Global Barite Market: Overview
Barite, also known as baryte, is a milky white crystalline mineral mostly composed of barium sulfate. It has one of the highest specific gravities among all weighting agents. Barite is widely used as a weighting agent, filler agent, and extenders. It is employed in oil & gas…
