Barite Market Report by Grade (Upto 3.9, Special Grade 4.0, Special Grade 4.1, Special Grade 4.2, Special Grade 4.3 and Above), Application (Oil and Gas, Chemicals, Pharmaceuticals, and Others), and Region 2024-2032

Barite Market Report by Grade (Upto 3.9, Special Grade 4.0, Special Grade 4.1, Special Grade 4.2, Special Grade 4.3 and Above), Application (Oil and Gas, Chemicals, Pharmaceuticals, and Others), and Region 2024-2032


The global barite market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.

Barite is a white or colorless naturally occurring mineral composed of barium and sulfate. The barite group consists of anhydrite, celestine and anglesite and is commonly extracted from lead-zinc mines in vein, residual and bedded deposit variants. The vein and residual deposits are hydrothermal, whereas the bedded deposits are sedimentary deposits. Barite exhibits various advantageous properties, such as low solubility, high density, chemical inertness and cost-effectiveness. It is used as a weighting, filler and extender agent and as a crucial ingredient to manufacture barium carbonate. As a result, it finds extensive applications across various industries, such as oil and gas, chemical, rubber, plastic, medical and pharmaceutical.

Significant growth in the oil and gas industry, along with increasing offshore and ultra-deep exploration activities across the globe, is one of the key factors creating a positive outlook for the market. Barite is used as a weighing agent in oil well drilling fluids as it counters the pressure resulting from drilling operations. Moreover, the widespread adoption of barite for the manufacturing of plastic products is also driving the market growth. It is used as a non-toxic, water-soluble and stable chemical filler to enhance the gloss, strength and weatherability of plastic products. Additionally, the rising product demand for the production of paints, coating, rubbers, pharmaceuticals and automobile components, is acting as another growth-inducing factor. Rapid urbanization, along with increasing product utilization in the medical industry to absorb X- and Gamma rays, are some of the factors that are anticipated to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global barite market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on grade and application.

Breakup by Grade:

Upto 3.9
Special Grade 4.0
Special Grade 4.1
Special Grade 4.2
Special Grade 4.3 and Above

Breakup by Application:

Oil and Gas
Chemicals
Pharmaceuticals
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Anglo Pacific Minerals Ltd., Ashapura Minechem Limited (AMCOL International Corporation), Baker Hughes Company, International Earth Products LLC, Milwhite Inc., Newpark Resources Inc., P&S Barite Mining Co. Ltd., Schlumberger Limited, Sojitz Corporation, The Andhra Pradesh Mineral Development Corporation Limited and The Cary Company.

Key Questions Answered in This Report:
How has the global barite market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global barite market?
What are the key regional markets?
What is the breakup of the market based on the grade?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global barite market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Barite Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Grade
6.1 Upto 3.9
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Special Grade 4.0
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Special Grade 4.1
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Special Grade 4.2
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Special Grade 4.3 and Above
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Oil and Gas
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Chemicals
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Pharmaceuticals
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Anglo Pacific Minerals Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Ashapura Minechem Limited (AMCOL International Corporation)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Baker Hughes Company
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 International Earth Products LLC
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Milwhite Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Newpark Resources Inc
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 P&S Barite Mining Co. Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Schlumberger Limited
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Sojitz Corporation
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 The Andhra Pradesh Mineral Development Corporation Limited
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 The Cary Company
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio

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