openPR Logo
Press release

Barite Market reach a value of US$1.85 bn by the end of 2024

Barite Market reach a value of US$1.85 bn by the end of 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.

Browse Market Research Report:

Currently, the leading vendors of barite across the world are making strategic alliances to increase their market share. Analysts at TMR expect these firms to increase investments in novel barite-mining projects in order to expand their reserves over the next few years.

The report estimates the opportunity in the global market for barite, which was worth US$1.29 bn in 2015, to progress at a CAGR of 4.10% during the period from 2016 to 2024 and reach a value of US$1.85 bn by the end of the forecast period. In terms of volume, the market is likely to cross 11,645.7 kilo tons by 2024. Accounting for a share of more than 70%, drilling mud emerged as the key application segment of this market in 2015. Researchers expect the scenario to remain so over the period of forecast.

North America to Retain its Position in Global Barite Market

The report also offers a geographical analysis of the global market for barite. As per the study, the Middle East and Africa, Latin America, Asia Pacific, Europe, and North America are considered as the key regional markets for barite. With more than 30% share, North America led this market in 2015, thanks to the increased demand for barite drilling mud in the oil and gas industry. With continual rise in oil and gas drilling activities, the regional market is likely to retain its position over the forthcoming years. The U.S. is expected to surface as the leading consumer of barite in North America over the forecast period.

Get TOC Of This Report @

Asia Pacific is also emerging as a potential market for barite, thanks to the remarkable growth in the rubber and plastic industry in this region. Going forward, this regional market is likely to present most promising growth opportunities to barite vendors across the world in the near future. On the other hand, the markets for barite in Latin America and the Middle East and Africa are projected to demonstrate stable growth throughout the forecast period, states the research report.

Increase in Oil and Gas Production to Boost Demand for Barite

As barites have high specific gravity, they are used as weighting agents in drilling fluids, which make them an essential component of the process of oil and gas production. “With the increasing demand for energy across the world, the oil and gas production is witnessing a monumental rise, which consequently, is influencing the demand for barite, globally,” says the author of this study.

Get accurate market forecast and analysis on the Barite market. Request a sample to stay abreast on the key trends impacting this market @

The increasing usage of barite as a filler agent in plastics, paints, and rubber is also projected to reflect positively on the global market for barite over the forecast period. However, the stringent regulations of various governments and their interference over the production of barite may hamper the growth of this market, notes the study.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

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 reach a value of US$1.85 bn by the end of 2024 here

News-ID: 706795 • Views: 226

More Releases from Transparency Market Research

Cancer Registry Software Market Analysis Industry 2027 | Elekta AB, Rocky Mounta …
Global Cancer Registry Software Market: Overview Cancer registry is an information system or computerized database to maintain and collect the data related to cancer patients. This data helps in the evaluation of trends and ultimately enhances the cancer patient care. According to the World Health Organization, cancer killed about 9.6 million people in 2018. This explains the need for a cancer registry software and has facilitated the expansion of the
Biopharmaceutical CMO & CRO Market By Leading Manufacturers, Demand and Growth O …
Global Biopharmaceutical CMO & CRO Market: Overview Huge investments made in biopharmaceutical industry by the key players with the aim to improve their productivity and efficiency. This factor has forced the biomanufacturers to increase their focus on outsourcing activities. Mergers and acquisition plays an important role in and helps CMOs by integrating bioprocessing services to their clients. This, in turn, makes CROs/CMOs better opportunity for product launch.
Smart Stethoscopes Market Growth Probability, Key Vendors and Future Scenario Up …
The first stethoscope was introduced in the market in 1818 by a French physician René Laennec. Since then, there have been huge advancements in the field of cardiac imaging and radiology. Cardiovascular diseases are still the major cause of death in the world, and early diagnosis is quintessential to save lives. A vast number of noninvasive investigational modalities exist for early diagnosis of cardiac disorders, such as cardiac computed tomographic
Medical Drones Market Key Players' Profile and Industry Analysis to 2025 - DJI, …
Global Medical Drones Market: Introduction Medical Drones industry can be followed back to late 1800 and mid 1900 for military activities. At first drones were utilized to keep an eye on nations during cold war. The principal target drone was created somewhere around 1933 and 1935 at RAF Farnborough by consolidating fuselage with engine and wings. Report Overview @ Drones were likewise utilized in combat zone surveillance, anti-submarine warfare, and target practice. Uses

All 5 Releases

More Releases for America

Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles ( and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the