Global Barite Market Growth Analysis By Revenue, Size, Share, Scenario on Latest Trends, Types and Applications

SDKI Inc. published a new research report on the Global Barite Market-Forecast 2022-2030. The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-111666

The Barite market is estimated to reach US $ 2.64 billion by 2030 from a market value of US $ 1.61 billion in 2022 and is expected to grow at a CAGR of 7.3% during the 2022-2030 forecast period.

Barite is a mineral composed of cerestin, barium sulfate (BaSO4), and anhydrous gypsum (calcium sulfate). And is usually found in yellow, white, brown, blue, or even colorless. Barite occurs in many sedimentary environments (both metallic and non-metallic) and is collected from many processes, including hot water, living organisms, and evaporation. This mineral is used for oxygen and sulfur isotope analysis, oil and gas drilling, and other uses. Barite was founded in Brazil, Nigeria, Australia, Canada, China, India, Pakistan and Germany.

Oil and gas drilling and increased barium carbonate production are key drivers of the growth of the barite market during the forecast period. Barium carbonate is used in the manufacture of LED glass because LED glass is widely used in the manufacture of televisions and computer screens. In addition, increased demand in the United States for shale oil drilling operations and increased investment by major companies have also contributed to the growth of the barite market during the forecast period. According to the IAEE (International Association for Energy Economics), US shale oil production will increase from about 1mbd in 2012 to 2mbd in 2020 and level off at 3mbd by 2025.

Sample URL for the report
https://www.sdki.jp/sample-request-111666

However, the substitution of barite in other minerals may curb the growth of the barite market during the forecast period.

Barite market segment

The Barite market is by foam (lumps and powders), by grade (up to grade 3.9, grade 4.0, grade 4.1, grade 4.2, grade 4.3, grade 4.3 and above), by color (white and off-white, gray, brown, etc.) , Sediment type (residue, bedding, veins, cavity filling), end user industry (petroleum / drilling, paint / coating, pharmaceuticals, rubber / plastic, textiles, adhesives, etc.), and region Will be done. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional Overview of the Barite Market

In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia Pacific region dominates the global barite market during the forecast period. The growing demand for energy in the region, which increases exploration activity, and the surge in demand for paints and coatings in the region are key factors driving the growth of the barite market in the region. However, North America has the largest market share in the global barite market. This is due to increased investment in mineral exploration activities.

For more detailed analysis, each region is further divided into countries:
Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, and other Asia Pacific)
North America (US and Canada)
Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
Latin America (Brazil, Mexico, Argentina, and other Latin America)
Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Key players

Barite market Key players in the Barite market include Demeter O & G Supplies Sn Bhd, Chinchana Group, Kia Energy Company Ltd., Nhat Huy Group, Ashapura Group, General Electric, Halliburton, Sibelco, Schlumberger Limited, Sojitz. Corporation and so on. The survey includes a detailed competitive analysis of these major companies in the barite market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/press-details/global-barite-market/183

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This release was published on openPR.