Barite Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Deposit Type, End-User Industry, and Region

Barite Market was valued at US$ 1.10 Bn. in 2020. Global Barite Market size is estimated to grow at a CAGR of 5.88%.

Barite Market Overview:

Barite is the barium-based mineral, which is used in an array of applications like plastics, clutch pads, rubber mudflaps, mold release compounds, radiation shielding, television and computer monitors. It is also used in paints, plastic, coatings, and paper. High density and chemical inertness of barite make it an ideal mineral for industrial applications. Barite Market To know about the Research Methodology:- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020, the effect of Covid-19 on the demand and supply, and the impact of pandemic for the next two years on the barite market.

Barite Market Dynamics:

Investment in Oil & Gas Production drives the Barite Production Barite is used as a weighting agent in drilling fluids because of its high specific gravity feature. It is used to push hydrostatic pressure to counteract high-pressure zones at the time of drilling activities. High production level of oil & gas in the US, Canada, Middle East & Africa countries and developing economies are expected to increase the demand for barite production. Sharp Decline in Oil Demand because of the COVID-19 impacted negatively on Barite Production In the current market scenario, barite market key players are facing unprecedented challenges because of the outbreak of the COVID-19 pandemic. According to the IEA, global energy demand has dropped by more than 5% in 2020, with the oil demand by 8%. In 2020, crude oil prices have dropped into negative territory on account of the precipitous fall in oil demand. Low investments and delays in exploration projects have limited the barite production. The report covers the detail analysis of the market dynamics like drivers, restraints, challenges and opportunities by each region. The demand for barite has experienced a downfall during the COVID-19 pandemic because of the declination in production activities of paints & coatings, plastics, textiles, and adhesive industries.

Barite Market Segment Analysis:

Barite is mainly used in conjunction with both metallic and non-metallic mineral deposits. It is economically viable for extraction. It is a prominent material in a deposit. Vein, residual, and bedded are the deposit type, which are commonly found in Barite. However, The Vein, residual are hydrothermal origin and bedded deposits are sedimentary deposit. Based on the End-User Industry, the barite market is segmented into oil and gas, chemical, rubber and other end-user industries. The oil and gas segment is expected to account more than 60% during the forecast period. The majority of the barite is mined by the petroleum industry as a weighting material in the formulation of drilling mud. It helps to increase the hydrostatic pressure of the drilling mud allowing for high-pressure zones. It prevents from damaging drilling tools during drilling and empowers it to serve as a lubricant. Barite has a high demand in oil and gas drilling operations. It offers chemical and physical inertness, low solubility, and magnetic neutrality features for explosive release of oil and gas during drilling activities. The American Petroleum Institute has set specifications for the use of barite in drilling mud.

Barite Market Regional Insights:

The primary countries, where commercial deposits of barite are currently found are the United States, China, India and Saudi Arabia. The Middle East region is expected to hold the dominant position in the barite market and expected to contribute more than 25% share in the total production. The presence of some leading oil-producing nations of the world in this region, like Saudi Arabia, Iran, Iraq, Kuwait, and the United Arab Emirates are expected to increase the demand for barite in the region. Saudi Arabia has produced roughly more than 9 million barrels of oil per day, which has accounting for 10% of the global output. High number of drilled but uncompleted wells, stimulation spending are some of the drivers, which are expected to increase the demand for barite in the Middle East region. Key players are capitalizing on the demand for barite in barium salt production and pharmaceuticals. The demand for barite is expected to increase because of its usages in cable cars, submarines, and ballast tanks in ships. Key companies are focusing on the production of the barite, because of its usages for high specific weight to fulfil the requirement of the industrial application. The objective of the report is to present a comprehensive analysis of the global Barite Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Barite Market dynamic, structure by analyzing the market segments and projecting the Barite Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, product portfolio, growth strategies, and regional presence in the Barite Market make the report investor’s guide.

Barite Market Scope: Inquire before buying

Barite Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 1.10 Bn.
Forecast Period 2021 to 2027 CAGR: 5.88% Market Size in 2027: US $ 1.55Bn.
Segments Covered: by Deposit Type • Residual • Bedding • Vein • Cavity Filling
by End-User Industry • Oil and Gas • Chemical • Rubber • Other End-user Industries

Barite Market, by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Barite Market Key Players

• Andhra Pradesh Mineral Development Corporation Limited • Excalibar Minerals LLC • CIMBAR Performance Minerals. • Ashapura Minechem Limited • Anglo Pacific Minerals • Schlumberger Limited • Baker Hughes Incorporated • International Earth Products • Milwhite Inc. • Oren Hydrocarbons Private Limited • P&S Barite Mining Co., Ltd. • Kaomin Industries • America Oil Field Services • Seaforth Mineral & Ore Co. Inc • Desku Group Inc • Halliburton Company • International Earth Products • International Mining Alliance • Park Metals & Minerals Co • Shanghai Titanos Industry Company Limited • Shijiazhuang Oushun Mineral Products Company Limited. • Mil-Spec Industries Corporation.

Frequently Asked Questions:

1] What segments are covered in the Barite Market report? Ans. The segments covered in the Barite Market report are based on Deposit Type and End-User Industry. 2] Which region is expected to hold the highest share in the Barite Market? Ans. The Asia Pacific region is expected to hold the highest share in the Barite Market by 2027. 3] What is the market size of the Barite Market by 2027? Ans. The market size of the Barite Market by 2027 is US$ 1.55 Bn. 4] What is the forecast period for the Barite Market? Ans. The forecast period for the Barite Market is 2020-2027. 5] What was the market size of the Barite Market in 2020? Ans. The market size of the Barite Market in 2020 was US$ 1.10 Bn.
1. Global Barite Market Size: Research Methodology 2. Global Barite Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Barite Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Barite Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Barite Market Size Segmentation 4.1. Global Barite Market Size, by Deposit Type (2020-2027) • Residual • Bedding • Vein • Cavity Filling 4.2. Global Barite Market Size, by End-User Industry (2020-2027) • Oil and Gas • Chemical • Rubber • Other End-user Industries 5. North America Barite Market (2020-2027) 5.1. North America Barite Market Size, by Deposit Type (2020-2027) • Residual • Bedding • Vein • Cavity Filling 5.2. North America Barite Market Size, by End-User Industry (2020-2027) • Oil and Gas • Chemical • Rubber • Other End-user Industries 5.3. North America Barite Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Barite Market (2020-2027) 6.1. European Barite Market, by Deposit Type (2020-2027) 6.2. European Barite Market, by End-User Industry (2020-2027) 6.3. European Barite Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Barite Market (2020-2027) 7.1. Asia Pacific Barite Market, by Deposit Type (2020-2027) 7.2. Asia Pacific Barite Market, by End-User Industry (2020-2027) 7.3. Asia Pacific Barite Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Barite Market (2020-2027) 8.1. The Middle East and Africa Barite Market, by Deposit Type (2020-2027) 8.2. The Middle East and Africa Barite Market, by End-User Industry (2020-2027) 8.3. The Middle East and Africa Barite Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Barite Market (2020-2027) 9.1. Latin America Barite Market, by Deposit Type (2020-2027) 9.2. Latin America Barite Market, by End-User Industry (2020-2027) 9.3. Latin America Barite Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Andhra Pradesh Mineral Development Corporation Limited 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Excalibar Minerals LLC 10.3. CIMBAR Performance Minerals. 10.4. Ashapura Minechem Limited 10.5. Anglo Pacific Minerals 10.6. Schlumberger Limited 10.7. Baker Hughes Incorporated 10.8. International Earth Products 10.9. Milwhite Inc. 10.10. Oren Hydrocarbons Private Limited 10.11. P&S Barite Mining Co., Ltd. 10.12. Kaomin Industries 10.13. America Oil Field Services 10.14. Seaforth Mineral & Ore Co. Inc 10.15. Desku Group Inc 10.16. Halliburton Company 10.17. International Earth Products 10.18. International Mining Alliance 10.19. Park Metals & Minerals Co 10.20. Shanghai Titanos Industry Company Limited 10.21. Shijiazhuang Oushun Mineral Products Company Limited. 10.22. Mil-Spec Industries Corporation.

About This Report

Report ID 13069
Category Material & Chemical
Published Date Aug2019
Updated Date Jan 2022
Contact Us