Barite is a mineral composed of barium sulfate (BaSO4). It receives its name from the Greek word “barys” which means “heavy.” This name is in response to barite’s high specific gravity, which is exceptional for a nonmetallic mineral. The high specific gravity of barite makes it suitable for a wide range of industrial, medical, and manufacturing uses. Barite also serves as the principal ore of barium.
LPI (LP Information)’ newest research report, the “Barite Products Industry Forecast” looks at past sales and reviews total world Barite Products sales in 2022, providing a comprehensive analysis by region and market sector of projected Barite Products sales for 2023 through 2029. With Barite Products sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Barite Products industry.
This Insight Report provides a comprehensive analysis of the global Barite Products 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 Products portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Barite Products market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Barite Products 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 Products.
The global Barite Products market size is projected to grow from US$ 543.1 million in 2022 to US$ 687.4 million in 2029; it is expected to grow at a CAGR of 687.4 from 2023 to 2029.
Global Barite Products key players include Excalibar Minerals, Milwhite, Andhra Pradesh Mineral Development, Halliburton(Hughes), SinoBarite etc. Global top five manufacturers hold a share over 25%.
China is the largest market, with a share over 30%, followed by India and EMEA, both have a share over 30% percent.
In terms of product, Grade above 4.3 is the largest segment, with a share over 20%. And in terms of application, the largest application is Drilling Industry (Rig) followed by Medical Industry.
This report presents a comprehensive overview, market shares, and growth opportunities of Barite Products market by product type, application, key manufacturers and key regions and countries.
Top Manufactures in Global Barite Products Includes:
Excalibar Minerals
Milwhite
Andhra Pradesh Mineral Development
Halliburton(Hughes)
SinoBarite
Başer Mining
Corpomin
Guizhou Toli
China Zhashui Heqi Barite Mining
Yunnan Judu Minerals
Haiwo Minerals
Hubei Chuangyuan Minerals
Red Star
Market Segment by Type, covers:
Up to Grade 3.9
Grade 4.0
Grade 4.1
Grade 4.2
Grade 4.3
Grade above 4.3
Market Segment by Applications, can be divided into:
Drilling Industry (Rig)
Medical Industry
Rubber & Plastics
Pulps and Papers
Paints and Coatings
Cosmetic Industry
Others
Key Questions Addressed in this Report
What is the 10-year outlook for the global Barite Products market?
What factors are driving Barite Products market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Barite Products market opportunities vary by end market size?
How does Barite Products break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
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