Global Barite Market Growth 2023-2029

Global Barite Market Growth 2023-2029

Barite is rich in barium sulfate mineral, it is difficult to dissolve in water and acid, non-toxic, non-magnetic, can absorb X-ray and ray, mainly used in oil drilling mud weighting agent, cosolvent, rubber, plastic, paint filler, etc..
LPI (LP Information)' newest research report, the “Barite Industry Forecast” looks at past sales and reviews total world Barite sales in 2022, providing a comprehensive analysis by region and market sector of projected Barite sales for 2023 through 2029. With Barite sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Barite industry.
This Insight Report provides a comprehensive analysis of the global Barite landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Barite portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Barite market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Barite and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Barite.
The global Barite market size is projected to grow from US$ 956.6 million in 2022 to US$ 1035.7 million in 2029; it is expected to grow at a CAGR of 1035.7 from 2023 to 2029.
Global barite manufacturers are mainly Guizhou Tianhong Mining, Guizhou Redstar, Hayward, Huaxin Mining Group and Guangxi Lianzhuang. In 2019, China's barite mineral output accounted for 29.91% of the global output and 31.17% of the global market share. India and Morocco are the second and third largest producers of barite minerals respectively, accounting for 24.11 percent and 11.51 percent of global barite mineral production in 2019.
In terms of applications, drilling fluid is the largest part, accounting for 78% of the global market share in 2019. Barite is also widely used in barium compounds, paints and coatings, plastics and rubber, paper-making, medical, cosmetics and other fields.
This report presents a comprehensive overview, market shares, and growth opportunities of Barite market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
3.9g/cm3
4.0g/cm3
4.1g/cm3
4.2g/cm3
4.3g/cm3
Segmentation by application
Drilling Fluid
Barium Compounds
Paints and Coatings
Plastics and Rubber
Paper-making
Medical
Cosmetics
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Excalibar Minerals
Ado Mining
Corpomin
Gimpex
Hayward
Guangxi Lianzhuang
Tianhong Mining
Guizhou SABOMAN
SinoBarite
Zhashui Barite Mining
Guizhou Redstar
Guizhou TOLIBARI
Yunnan Judu Mining
Huaxin Mining Group
Jiangsu Qunxin Powder

Key Questions Addressed in this Report
What is the 10-year outlook for the global Barite market?
What factors are driving Barite market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Barite market opportunities vary by end market size?
How does Barite break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.