Press release
Barite Market Overview Till 2022 Industry Insights Trends Analysis and Forecast
Global Barite Market is expected to grow at USD XX billion in 2022 with CAGR of XX% from 2018 to 2022.
Barite occurs on a large scale in the veins of hot spring where deposits are also found in zinc-lead veins in limestone, in hot spring deposits and in the hematite ore and meteorites. Barite has exhibits physical properties as high density so it is used in electrical appliances, rubber, paints medical appliances and automobile.
Barite of grade 4.1 & grade 4.2 is manufactured more to be used as weighing agent in drilling muds thereby preventing blow outs which are seen in oil & gas exploration. The barite with grade 4.3 & above is also used in paints & coatings. Barite when used in sodium hydroxide production, it act for refining sugar and as white pigment in paints, sugar and paper industry. With increase in automobile sector, there is huge demand for barite used in brakes, clutch pads etc. The global barite market is growing rapidly owing to properties like strong stability, moderate rigidity and high specific gravity. Moreover, there are other substitutes like iron ore, celestite, ilmenite and hematite, none of these impact the barite market growth.
Geographically, largest consuming market of barite is Asia-Pacific. In spite of being rich in barium, there is an increasing demand for oil, gas and paints in countries like China, India and South Korea. U.S. in North America shows a remarkable growth of the barite market due to growing automobile sector which uses large amount of grade 4.1 and grade 4.2. Europe show a stable growth due to recent economic crises in Western Europe.
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Study Objectives of Barite Market:
Studying market overview of Barite.
Estimating market size by grade and application.
To provide insights about market drivers, restrains and opportunities.
To provide geographically market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries.
To analyze the global barite market based on various factors- supply chain analysis, porters five force analysis etc.
To provide strategic profiling of the key players in the market, broadly analyzing their core competencies.
To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global barite.
Segmentation:
The global barite market is majorly segmented on the basis of grades and by application. Based on grades the market is segmented into Sp. Gr. 3.9, Gr. 4.0, Gr. 4.1, Gr. 4.2, Gr. 4.3 & above. Further on the basis of application the market is classified into paints, automobiles, oil & gas, textiles, pharmaceutical, electrical appliances and more.
Global Barite Market Players:
Desku Group Inc,
Halliburton Company,
Excalibar Minerals LLC,
P & S Barite Mining Co. Ltd,
Ashapura Minechem Ltd,
Anglo Pacific Minerals,
CIMBAR Performance Minerals,
Kaomin Industries,
Andhra Pradesh Mineral Development Corporation Limited,
Mil-Spec Industries Corporation.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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