Global Barite Products Market Growth 2023-2029

Global Barite Products Market Growth 2023-2029

Product Code:457256

Published Date: Feb 08,2023

Pages: 105

Region: Global

Category: Chemical & Material

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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.

Market Segmentation:
Segmentation by type
    Up to Grade 3.9
    Grade 4.0
    Grade 4.1
    Grade 4.2
    Grade 4.3
    Grade above 4.3

Segmentation by application
    Drilling Industry (Rig)
    Medical Industry
    Rubber & Plastics
    Pulps and Papers
    Paints and Coatings
    Cosmetic Industry
    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
    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

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?