Press release
2028 Barite Industry Report Growth Forecasts
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 found. For usage in various applications high density and chemical inertness make barite an ideal mineral. Due to its usage in exploration and development of petroleum and natural gas resources barite is an important mineral. It is mostly mined for layers of sedimentary rock. In few cases barite is a by-product of mining silver, zinc, lead or other metal ores.
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By geography, North America is going to have high growth during forecast period. A significant boost in the production of tight oil, particularly in the U.S., has resulted in a significant demand for the product. Canada is yet another prominent market in the region as there is a number of oil rigs in the country for which barite is largely used for well drilling services.
Some of the key players profiled in the Barite Market include Anglo Pacific Minerals, Ashapura Minechem Limited, Baker Hughes Incorporated, Excalibar Minerals LL C, International Earth Products LLC, Milwhite Inc, Schlumberger Limited, Sojitz Corporation, The Andhra Pradesh Mineral Development Corporation Limited, The Cary Company, Kaomin Industries LLP, Mil-Spec Industries Corporation (US) and Dev International.
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