The new report by Expert Market Research titled, ‘Global Barite Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global barite market, assessing the market based on its segments like grades, deposit types, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/barite-market/requestsample
The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 6%
The increasing production of oil and gas across the globe is the major driving factor for the increasing demand for barite. This demand is buttressed by the utility of barite in increasing the hydrostatic pressure to reduce high pressure-zones during drilling activities. Barite is also utilised in the do-it-yourself sector, particularly in coatings, paints, rubber, and ceramics, and is expected to witness increased demand from the sector in the coming years. The global market for barite is significantly supported by the industry growth in regions like North America and the Asia Pacific.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/barite-market
Industry Definition and Segmentation
Barite is a mineral with the chemical formula BaSO4, which contains barium sulphate. It is a transparent to translucent mineral, which comes in blue, brown, yellow, and grey colours and can even be colourless. It is an important mineral because of its usage in the exploration and advancement of petroleum and natural gas resources. Its commercial deposits are found mainly in the United States, China, India, and Morocco.
The different grades of barite in the market include:
• Grade 3.9
• Grade 4.0
• Grade 4.1
• Grade 4.2
• Grade 4.3
• Grade Above 4.3
• Others
Based on the type of deposit, the industry is segmented into:
• Bedding
• Residual
• Vein
• Cavity filling
• Others
On the basis of end use, the industry is categorised into:
• Paints and Coatings
• Textiles
• Rubber and Plastics
• Others
The regional markets of the product are segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The rising production of oil and gas across the globe, coupled with the rising demand for drilling fluids, has accelerated the growth of the barite market. Barite is an ideal drilling fluid additive because of its high density, low hardness, low oil consumption, and its availability in abundance. The United States has a major share in the barite market, mainly propelled by its oil and gas drilling activities. The do-it-yourself sector in the Asia Pacific is also likely to bolster the market growth resulting in the anticipated CAGR of 6% in the forecast period.
Key Market Players
The major players in the market are Intercontinental Mining, The Kish Company, Inc., Steinbock Minerals Ltd, International Earth Products LLC, and Desku Group Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
LED Street Light Market: https://www.expertmarketresearch.com/reports/led-street-light-market
Indian LED Lighting Market: https://www.expertmarketresearch.com/reports/indian-LED-lighting-market
Lithium-ion Battery Market: https://www.expertmarketresearch.com/reports/lithium-ion-battery-market
Automotive Lead-Acid Battery Market: https://www.expertmarketresearch.com/reports/automotive-lead-acid-battery-market
Zink Printing Market: https://www.expertmarketresearch.com/reports/zink-printing-market
Refrigeration Compressor Market: https://www.expertmarketresearch.com/reports/refrigeration-compressor-market
C5ISR Market: https://www.expertmarketresearch.com/reports/c5isr-market
Signal Generator Market: https://www.expertmarketresearch.com/reports/signal-generator-market
Saudi Arabia Low Voltage Electric Motor Market: https://www.expertmarketresearch.com/reports/saudi-arabia-low-voltage-electric-motor-market
Set-Top Box Market: https://www.expertmarketresearch.com/reports/set-top-box-market
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Email: [email protected]
Expert Market Research
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
