openPR Logo
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

Barite Market

Barite Market will exceed USD 4 billion; according to a new research report.
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: 163

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Barite

Barite Market : Drivers, Restraint & Future Growth
Barite is a mineral that is rich in barium. Barite commonly occurs in the large number of depositional environment and it is found in the zinc-lead veins in limestone, in the hot spring deposits and in the hematite ore. Barite is also found alongside meteorites. Barite is relatively inert and also exhibits a physical property of high density. Barite is widely used as a weighting agent in the drilling muds.
Barite Market to Develop Rapidly | 2024
Of late, the global barite market has been experiencing an intense competition between the leading companies, namely, APMDC, China Shen Zhou Mining and Resources Inc., Halliburton Co., Excalibar Minerals LLC, and Ashapura Minechem Ltd., finds a report by Transparency Market Research (TMR). The market has been demonstrating a highly fragmented structure, with these companies holding only 31.1% share of the overall market in 2015. Read Report Overview @ https://www.transparencymarketresearch.com/barite-market.html Currently, the
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
Barite Market Competitive Intelligence and Tracking Report
Barite is a mineral that is rich in barium. Barite commonly occurs in the large number of depositional environment and it is found in the zinc-lead veins in limestone, in the hot spring deposits and in the hematite ore. Barite is also found alongside meteorites. Barite is relatively inert and also exhibits a physical property of high density. Barite is widely used as a weighting agent in the drilling muds.
Barite Market size and forecast, 2014-2020
Barite is a mineral that is rich in barium. Barite commonly occurs in the large number of depositional environment and it is found in the zinc-lead veins in limestone, in the hot spring deposits and in the hematite ore. Barite is also found alongside meteorites. Barite is relatively inert and also exhibits a physical property of high density. Barite is widely used as a weighting agent in the drilling muds.
Barite Market Intelligence Report Offers Growth Prospects
Barite is a mineral that is rich in barium. Barite commonly occurs in the large number of depositional environment and it is found in the zinc-lead veins in limestone, in the hot spring deposits and in the hematite ore. Barite is also found alongside meteorites. Barite is relatively inert and also exhibits a physical property of high density. Barite is widely used as a weighting agent in the drilling muds.