Barite Market Growth Probability, Leading Vendors and Future Scenario up to 2025 | APMDC, Ashapura Group, Desku Group, Excalibar Minerals LLC, Halliburton Co, International Earth Products LLC and More

Barite or baryte is a mineral which mainly contains 65.7% barium oxide and 34.3% sulfate in its pure form. Sometimes natural barite also consists of trace amount of strontium.

It is an industrial mineral with high density, low solubility, high brightness & whiteness, chemical inertness, softness, and lesser cost. The most significant feature of barite is its relatively high density of 4.5g/cm3 making it commercially important for industrial, medical, and production.

Comprehensive competitive analysis and profiles of major market players provided in the report are APMDC, Ashapura Group, Desku Group Inc., Excalibar Minerals LLC, Halliburton Co., International Earth Products LLC, Kaomin Industries, Mil-Spec Industries Corporation, Milwhite Inc., Seaforth Mineral & Ore Co. Inc.

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Main applications of this mineral include filler in paint & plastics, source of barium, production of lithopone, absorber of harmful rays, flux during glass manufacture adding brilliance & clarity, and more.

In the global barite market, the rise in demand from paints, automotive, plastics and oil & gas industries is expected majorly drive the market. Asia-Pacific is expected to witness significant growth owing to increase in demand for barite for rapidly growing oil & gas, paints and plastics industries.

In the U.S., growth in product demand due to the shale oil drilling is another factor that supports the market growth. However, substitution of barite from other minerals such asilmenite, celestite, iron ore, and synthetic hematite is expected to hamper the market growth.

The report segments the barites market on the basis of deposit type, grade, color, end-user industry, and geography. Based on deposit type, the market is divided into residual, bedding, vein, and cavity filling. On account of grades, the barite market is classified into upto grade 3.9, grade 4.0, grade 4.1, grade 4.2, grade 4.3, and grade above 4.3. On the basis of color, the barite market is categorized as white & off-white, grey, brown, and others.

By end-user industry, the market is classified into oil & drilling, paints & coatings, pharmaceuticals, rubber & plastics, textiles, adhesives, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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