Market.Biz: The Global Barite Market report that particularly highlights the Barite market along with its growing trends and technologies in upcoming years. The report analyzes current Barite market by intensely examining the historical information of Barite market and anticipating the future requirement and tendencies during the forecast period from 2017 to 2022.
Barite Market: Overview
Barite is widely used as a weighting agent, filler agent, and extenders. It is employed in oil & gas industry, rubber industry, plastics industry among others. It is also used in pharmaceutical applications such as production of barium meals for body tissue radiography. Barite is processed in various grades based upon specific gravity, with each grade used for various purposes. The global barite market is expected to be primarily driven by factors such as constant increase in oil and gas drilling activities, increasing demand in construction industry and increasing consumption in brakes, paint primer for metals and clutch pads.
Global Barite Market is expected to grow at a CAGR between 4.2% and 4.7% over the Forecast period 2016 to 2022.
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Further, the report figures out the current market outline and fundamental factors that assist the growth of Barite industry. A complete analysis of Barite market is done based on market volume, types of products, purchase, dominant geographical regions, leading market players, and price analysis.
The report organizes the global Barite market based on:
Major leading players in Barite market:
Andhra Pradesh Mineral Development Corporation Ltd, Ashapura Minechem Limited, Sojitz Corporation, Halliburton Company, Baker Hughes Incorporated, TETRA Chemicals (Tetra Technologies, Inc.), Schlumberger Limited, Excalibar Minerals LLC
Essential regions involved in Barite market:
- North America Barite Market
- Barite Market in Europe
- Asia-Pacific Barite Market
- Southeast Asia
Basic product types:
The Barite Market is segmented on the basis of Grade Analysis, Application, and Region. The segmentation on the basis of Grade Analysis covers Up to Sp. Gr. 3.9, Gr. 4.0, Gr. 4.1, Gr. 4.2, and, Gr. 4.3 and above. On the basis of Application the market is segmented as Drilling Mud, Pharmaceuticals, Rubber & Plastics, and Others (including Paints, Coatings, Paper, and Pulp).
Among the applications drilling mud is expected to be the largest market for barite market over the forecast period 2016 to 2022. Furthermore rubber paints, and plastics are together expected to grow at the highest CAGR over the forecast period.
The consistent global demand for Barite provide positive growth opportunities for Barite market.The report identified that the global Barite market is driven by factors such as massive growth in Chemicals and Materials industry and commercial application of Chemicals and Materials in food packaging industry. The growing demand from Chemicals and Materials industries are expected to drive the global Barite market. The growth in the Global Barite Market is likely to be restrained by factors such as High investment costs and longer duration of implementation.
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At the end, the report throws the light on cost breakup, import/export details, their contribution to increase the revenue of the Barite market globally and the manufacturing volume. Finally, the report evaluates the research findings and conclusion along with the appendix.