According to Stratistics MRC, the Global Barite Market is accounted for $1.50 billion in 2020 and is expected to reach $3.05 billion by 2028 growing at a CAGR of 9.3% during the forecast period. The growing usages in the plastics industry, oil and gas and in drilling fluid are the major factors driving the market growth. However, the presence of close substitutes, such as celestite and iron ore, is restraining the market growth.
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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.
Types Covered:
• Construction Grade
• Medical Grade
• Oil Grade
Barite Types Covered:
• Bleached barite
• Ground Barite
• Finely Ground Barite
Colors Covered:
• White & Off-White
• Grey
• Brown
• Other Colours
Forms Covered:
• Lumps
• Powder
Deposit Types Covered:
• Residual
• Bedding
• Vein
• Cavity Filling
Grades Covered:
• Up to Special. Grade 3.9g/cm3
• Special. Grade. 4.0g/cm3
• Special. Grade. 4.1g/cm3
• Special. Grade. 4.2g/cm3
• Special. Grade. 4.3g/cm3
• Special. Grade. 4.3 & Above
Applications Covered:
• Barite Compounds Preparation
• Barium Compounds
• Diagnostic Medical Test
• Drilling Fluid
• Drilling Mud Weighting Agent
• Fillers
• Lithopone Pigment
End Users Covered:
• Oil & Gas Drilling
• Paints, Coatings & Polymers
• Healthcare, Pharmaceuticals & Medical Appliances
• Rubber & Plastics
• Textiles
• Adhesives
• Chemical Manufacturing
• Engineering Plastic
• Middle and High-Grade Paint
• Other End Users
Usages Covered:
• Weighting Agent
• Paint Pigments
• Barite Compounds Preparation
• Diagnostic Medical Tests
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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