Barite Market - Global Industry Analysis

Barite Market By Form (Lumps and Power). By Grade (Up to Grade 3.9, Grade 4.0, Grade 4.1, Grade 4.2, Grade 4.3, and Grade above 4.3). By Color (White & Off-white, Grey, Brown, and Others). By Deposit Type (Residual, Bedding, Vein, and Cavity Filling). By End-Use Industry (Oil & Drilling, Paints & Coatings, Pharmaceuticals, Rubber & Plastics, Textiles, Adhesives, and Others). and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2028

Published Date: 03-May-2022 Category: Chemical & Materials Report Format : PDF Pages: 163 Report Code: ZMR-2678 Status : Published

The Barite market was worth around USD 1,275.1 million in 2021 and is estimated to grow to about USD 1,567.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.5 percent over the forecast period.

Description

Industry Prospective:

The Barite market was worth around USD 1,275.1 million in 2021 and is estimated to grow to about USD 1,567.4 million by 2028, with a compound annual growth rate (CAGR) of approximately 3.5 percent over the forecast period. The report analyzes the Barite Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Barite Market.

Barite Market: Overview

Baryte, often known as barite, is a white or colorless mineral that is an important source of barium. Barite is typically found in lead-zinc veins in limestones and is deposited via a variety of mechanisms such as evaporation, hydrothermal, and biogenic, among others. The increasing demand for oil and gas around the world is a primary element driving growth in the worldwide barite market. Along with its utility as a weighting agent for drilling fluids, barite is most commonly used in the oil and gas industry. Additionally, rising demand for barite in the paints and coatings and pharmaceutical industries is likely to drive the barite market forward. Furthermore, due to its low oil absorption and great brightness, barite is suitable for use as a pigment in paints and coatings for automobiles and consumer products. As a result, the expanding vehicle sector contributes to the expansion of the worldwide barite market. The use of barite in the construction of radiation-resistant structures in healthcare settings is becoming a new market trend. Since barites can efficiently filter radiations such as gamma rays and X-rays, they are being used in laboratories, power plants, and hospitals.

Covid-19 Impact

The global problem caused by the COVID-19 pandemic has resulted in a significant decrease in barite output. The oilfield sector, which accounts for more than 70% of barite use, has been badly hit by travel limitations and a significant decrease in demand for transportation fuels. China, Morocco, Laos, Mexico, the United States, Turkey, and other major producers and exporters of barite suffered decreasing production volume in the pandemic period. Furthermore, more than 90% of the barite sold in the United States is utilized in oil and gas drilling. However, as a result of the COVID-19 problem, barite consumption in the United States fell by a significant percentage in 2020. During the pandemic, these factors had a significant impact on the barite market share. Several steps are being implemented to get the barite market demand back on track, which will aid producers. As soon as the lockdown is released, the demand for barite chemical formula and fluids will rise.

Global Barite Market

Barite Market: Driver

Barite is used in the production of barium carbonate. It is also utilized in the creation of LED glass, which is used in the production of televisions, monitor screens, mobile phones, bulbs, and a variety of other electrical equipment. Electronic gadgets are widely used in the industry, which is a major driving force in boosting the barite market size. The primary application of barite is in the extraction and drilling of oil and gas for a variety of processes.

Barite Market: Restraints

Globally, it has been discovered that a reduction in the mining process has been implemented, which has harmed market demand as well as the expansion of the barite industry. Since the extraction of several new metals is hazardous to the environment, a change in the drilling method was proposed. This has been the market's most significant impediment.

Barite Market: Opportunities

The primary application of barium sulfate is as a lubricant in oils, paints, lubricants, polymers, and rubbers. Barite is in high demand due to its low cost, the convenience of use, and accessibility, which expands its prospects in the barite sector. It is particularly useful in hospital equipment such as x-ray and gamma-ray devices. It is copious and exceedingly pure, owing to which it has a good absorbing character. Globally, barite has been identified as the largest and most prominent segment, accounting for the majority of the barite market share.

Barite Market: Segmentation

The Barite Market is segregated based on Form, Grade, Color, Deposit Type, and End-Use Industry.

By Grade, the market is classified into Up to Grade 3.9, Grade 4.0, Grade 4.1, Grade 4.2, Grade 4.3, and Grade above 4.3. Grade 4.3 is expected to increase at a rapid rate throughout the forecast period because of its applications in the rapidly increasing rubber & tire, healthcare, and paints & coatings industries. Other applications for Grade 4.3 include television and computer monitors, radiation shielding, sound-proofing material in automobiles; traffic cones; brake linings, and so on. High-grade barite, such as 4.3 and higher, is always in high demand because of its purity and hardness.

By Color, the market is classified into White & Off- white, Grey, Brown, and Others. The grey sub-segment is expected to have a significant market share in the forecast period. Grey barite is a naturally occurring mineral type of barium sulfate. Grey barite is frequently utilized as an aggregate, filler extender, and drilling mud weighting agent. Due to its high specific gravity, barite is employed in drilling to prevent the explosive release of gas and oil. During the analysis period, these variables are expected to fuel the growth of the capture sub-segment.

By Deposit Type, the market is classified into Residual, Bedding, Vein, and Cavity Filling. The bedding sub-segment is expected to have a dominant market over the forecast period. This is due to the fact that bedded barite is the most economically important form of barite, which is thought to have developed as emission from seafloor sediments. Bedded barite has a fine-grained syrupy texture and is usually medium to dark grey in color. Furthermore, bedded deposits of barite may be easily extracted utilizing large-scale open-pit mining processes, and extraction involves only a few basic steps. Furthermore, bedded barite deposits are widespread and have stable grades, making them valuable for a variety of industrial and oil and gas drilling operations. These factors are expected to drive the size of the bedding sub-segment market in the approaching years.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Regional Landscape

North America is the largest barite market and is likely to remain dominant throughout the projection period. The region's shale oil revolution has fuelled growth in exploration and development activities, which has resulted in a significant capacity increase, increasing demand for barite as a weighing agent in the oil and gas industry. The increase of exploration and production operations in the North Sea, in particular, has strengthened the region's barite market. Moreover, the region's prominent automobile and consumer goods industries have raised the demand for paint and coating in the region, which is driving the barite market due to its substantial use in pigments in the paint and coating industry.

During the projection period, the Middle East and Africa accounted for the second-largest revenue share. This is due to the region's widespread existence of crude oil reserves and exploration. Due to the high availability of oil wells and natural reservoirs, bauxite is particularly well-known in Qatar, Dubai, and several locations in the United Arab Emirates. The increase in construction activity and surge in demand for paints and coatings from the automotive sector in emerging countries such as Qatar, Dubai, and some regions of the United Arab Emirates are expected to drive demand for paints and coatings, which will likely augment demand for barite from paints and coatings manufacturers.

Competitive Landscape

Some of the main competitors dominating the Barite Market include - CHINHANA GROUP, DEMETER O&G SUPPLIES SN BHD, KIA ENERGY COMPANY LTD., NHAT HUY GROUP, ASHAPURA GROUP, GENERAL ELECTRIC, HALLIBURTON, SIBELCO, SCHLUMERGER LIMITED, SOJITZ CORPORATION.

Barite Market is segmented as follows:

By Form

  • Lumps
  • Power

By Grade

  • Up to Grade 3.9
  • Grade 4.0
  • Grade 4.1
  • Grade 4.2
  • Grade 4.3
  • Grade Above 4.3

By Color

  • White & Off- white
  • Grey
  • Brown
  • Others

By Deposit Type

  • Residual
  • Bedding
  • Vein
  • Cavity Filling

By End-Use Industry

  • Oil & Drilling
  • Paints & Coatings
  • Pharmaceuticals
  • Rubber & Plastics
  • Textiles
  • Adhesives
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Barite Market, (2022 - 2028) (USD Million)
    • 2.2 Global Barite Market : snapshot
  • Chapter 3. Global Barite Market - Industry Analysis
    • 3.1 Barite Market: Market Dynamics
    • 3.2 Market Drivers
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Form
      • 3.7.2 Market attractiveness analysis By Grade
      • 3.7.3 Market attractiveness analysis By Color
      • 3.7.4 Market attractiveness analysis By Deposit Type
      • 3.7.5 Market attractiveness analysis By End-Use Industry
  • Chapter 4. Global Barite Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Barite Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Barite Market - Form Analysis
    • 5.1 Global Barite Market overview: By Form
      • 5.1.1 Global Barite Market share, By Form, 2021 and 2028
    • 5.2 Lumps
      • 5.2.1 Global Barite Market by Lumps, 2022 - 2028 (USD Million)
    • 5.3 Power
      • 5.3.1 Global Barite Market by Power, 2022 - 2028 (USD Million)
  • Chapter 6. Global Barite Market - Grade Analysis
    • 6.1 Global Barite Market overview: By Grade
      • 6.1.1 Global Barite Market share, By Grade, 2021 and 2028
    • 6.2 Up to Grade 3.9
      • 6.2.1 Global Barite Market by Up to Grade 3.9, 2022 - 2028 (USD Million)
    • 6.3 Grade 4.0
      • 6.3.1 Global Barite Market by Grade 4.0, 2022 - 2028 (USD Million)
    • 6.4 Grade 4.1
      • 6.4.1 Global Barite Market by Grade 4.1, 2022 - 2028 (USD Million)
    • 6.5 Grade 4.2
      • 6.5.1 Global Barite Market by Grade 4.2, 2022 - 2028 (USD Million)
    • 6.6 Grade 4.3
      • 6.6.1 Global Barite Market by Grade 4.3, 2022 - 2028 (USD Million)
    • 6.7 Grade Above 4.3
      • 6.7.1 Global Barite Market by Grade Above 4.3, 2022 - 2028 (USD Million)
  • Chapter 7. Global Barite Market - Color Analysis
    • 7.1 Global Barite Market overview: By Color
      • 7.1.1 Global Barite Market share, By Color, 2021 and 2028
    • 7.2 White & Off- white
      • 7.2.1 Global Barite Market by White & Off- white, 2022 - 2028 (USD Million)
    • 7.3 Grey
      • 7.3.1 Global Barite Market by Grey, 2022 - 2028 (USD Million)
    • 7.4 Brown
      • 7.4.1 Global Barite Market by Brown, 2022 - 2028 (USD Million)
    • 7.5 Others
      • 7.5.1 Global Barite Market by Others, 2022 - 2028 (USD Million)
  • Chapter 8. Global Barite Market - Deposit Type Analysis
    • 8.1 Global Barite Market overview: By Deposit Type
      • 8.1.1 Global Barite Market share, By Deposit Type, 2021 and 2028
    • 8.2 Residual
      • 8.2.1 Global Barite Market by Residual, 2022 - 2028 (USD Million)
    • 8.3 Bedding
      • 8.3.1 Global Barite Market by Bedding, 2022 - 2028 (USD Million)
    • 8.4 Vein
      • 8.4.1 Global Barite Market by Vein, 2022 - 2028 (USD Million)
    • 8.5 Cavity Filling
      • 8.5.1 Global Barite Market by Cavity Filling, 2022 - 2028 (USD Million)
  • Chapter 9. Global Barite Market - End-Use Industry Analysis
    • 9.1 Global Barite Market overview: By End-Use Industry
      • 9.1.1 Global Barite Market share, By End-Use Industry, 2021 and 2028
    • 9.2 Oil & Drilling
      • 9.2.1 Global Barite Market by Oil & Drilling, 2022 - 2028 (USD Million)
    • 9.3 Paints & Coatings
      • 9.3.1 Global Barite Market by Paints & Coatings, 2022 - 2028 (USD Million)
    • 9.4 Pharmaceuticals
      • 9.4.1 Global Barite Market by Pharmaceuticals, 2022 - 2028 (USD Million)
    • 9.5 Rubber & Plastics
      • 9.5.1 Global Barite Market by Rubber & Plastics, 2022 - 2028 (USD Million)
    • 9.6 Textiles
      • 9.6.1 Global Barite Market by Textiles, 2022 - 2028 (USD Million)
    • 9.7 Adhesives
      • 9.7.1 Global Barite Market by Adhesives, 2022 - 2028 (USD Million)
    • 9.8 Others
      • 9.8.1 Global Barite Market by Others, 2022 - 2028 (USD Million)
  • Chapter 10. Barite Market - Regional Analysis
    • 10.1 Global Barite Market Regional Overview
    • 10.2 Global Barite Market Share, by Region, 2021 & 2028 (USD Million)
    • 10.3. North America
      • 10.3.1 North America Barite Market, 2022 - 2028 (USD Million)
        • 10.3.1.1 North America Barite Market, by Country, 2022 - 2028 (USD Million)
    • 10.4 North America Barite Market, by Form, 2022 - 2028
      • 10.4.1 North America Barite Market, by Form, 2022 - 2028 (USD Million)
    • 10.5 North America Barite Market, by Grade, 2022 - 2028
      • 10.5.1 North America Barite Market, by Grade, 2022 - 2028 (USD Million)
    • 10.6 North America Barite Market, by Color, 2022 - 2028
      • 10.6.1 North America Barite Market, by Color, 2022 - 2028 (USD Million)
    • 10.7 North America Barite Market, by Deposit Type, 2022 - 2028
      • 10.7.1 North America Barite Market, by Deposit Type, 2022 - 2028 (USD Million)
    • 10.8 North America Barite Market, by End-Use Industry, 2022 - 2028
      • 10.8.1 North America Barite Market, by End-Use Industry, 2022 - 2028 (USD Million)
    • 10.4. Europe
      • 10.4.2 Europe Barite Market, 2022 - 2028 (USD Million)
        • 10.4.2.1 Europe Barite Market, by Country, 2022 - 2028 (USD Million)
    • 10.4 Europe Barite Market, by Form, 2022 - 2028
      • 10.4.1 Europe Barite Market, by Form, 2022 - 2028 (USD Million)
    • 10.5 Europe Barite Market, by Grade, 2022 - 2028
      • 10.5.1 Europe Barite Market, by Grade, 2022 - 2028 (USD Million)
    • 10.6 Europe Barite Market, by Color, 2022 - 2028
      • 10.6.1 Europe Barite Market, by Color, 2022 - 2028 (USD Million)
    • 10.7 Europe Barite Market, by Deposit Type, 2022 - 2028
      • 10.7.1 Europe Barite Market, by Deposit Type, 2022 - 2028 (USD Million)
    • 10.8 Europe Barite Market, by End-Use Industry, 2022 - 2028
      • 10.8.1 Europe Barite Market, by End-Use Industry, 2022 - 2028 (USD Million)
    • 10.5. Asia Pacific
      • 10.5.3 Asia Pacific Barite Market, 2022 - 2028 (USD Million)
        • 10.5.3.1 Asia Pacific Barite Market, by Country, 2022 - 2028 (USD Million)
    • 10.4 Asia Pacific Barite Market, by Form, 2022 - 2028
      • 10.4.1 Asia Pacific Barite Market, by Form, 2022 - 2028 (USD Million)
    • 10.5 Asia Pacific Barite Market, by Grade, 2022 - 2028
      • 10.5.1 Asia Pacific Barite Market, by Grade, 2022 - 2028 (USD Million)
    • 10.6 Asia Pacific Barite Market, by Color, 2022 - 2028
      • 10.6.1 Asia Pacific Barite Market, by Color, 2022 - 2028 (USD Million)
    • 10.7 Asia Pacific Barite Market, by Deposit Type, 2022 - 2028
      • 10.7.1 Asia Pacific Barite Market, by Deposit Type, 2022 - 2028 (USD Million)
    • 10.8 Asia Pacific Barite Market, by End-Use Industry, 2022 - 2028
      • 10.8.1 Asia Pacific Barite Market, by End-Use Industry, 2022 - 2028 (USD Million)
    • 10.6. Latin America
      • 10.6.4 Latin America Barite Market, 2022 - 2028 (USD Million)
        • 10.6.4.1 Latin America Barite Market, by Country, 2022 - 2028 (USD Million)
    • 10.4 Latin America Barite Market, by Form, 2022 - 2028
      • 10.4.1 Latin America Barite Market, by Form, 2022 - 2028 (USD Million)
    • 10.5 Latin America Barite Market, by Grade, 2022 - 2028
      • 10.5.1 Latin America Barite Market, by Grade, 2022 - 2028 (USD Million)
    • 10.6 Latin America Barite Market, by Color, 2022 - 2028
      • 10.6.1 Latin America Barite Market, by Color, 2022 - 2028 (USD Million)
    • 10.7 Latin America Barite Market, by Deposit Type, 2022 - 2028
      • 10.7.1 Latin America Barite Market, by Deposit Type, 2022 - 2028 (USD Million)
    • 10.8 Latin America Barite Market, by End-Use Industry, 2022 - 2028
      • 10.8.1 Latin America Barite Market, by End-Use Industry, 2022 - 2028 (USD Million)
    • 10.7. The Middle-East and Africa
      • 10.7.5 The Middle-East and Africa Barite Market, 2022 - 2028 (USD Million)
        • 10.7.5.1 The Middle-East and Africa Barite Market, by Country, 2022 - 2028 (USD Million)
    • 10.4 The Middle-East and Africa Barite Market, by Form, 2022 - 2028
      • 10.4.1 The Middle-East and Africa Barite Market, by Form, 2022 - 2028 (USD Million)
    • 10.5 The Middle-East and Africa Barite Market, by Grade, 2022 - 2028
      • 10.5.1 The Middle-East and Africa Barite Market, by Grade, 2022 - 2028 (USD Million)
    • 10.6 The Middle-East and Africa Barite Market, by Color, 2022 - 2028
      • 10.6.1 The Middle-East and Africa Barite Market, by Color, 2022 - 2028 (USD Million)
    • 10.7 The Middle-East and Africa Barite Market, by Deposit Type, 2022 - 2028
      • 10.7.1 The Middle-East and Africa Barite Market, by Deposit Type, 2022 - 2028 (USD Million)
    • 10.8 The Middle-East and Africa Barite Market, by End-Use Industry, 2022 - 2028
      • 10.8.1 The Middle-East and Africa Barite Market, by End-Use Industry, 2022 - 2028 (USD Million)
  • Chapter 11. Company Profiles
    • 11.1 CHINHANA GROUP
      • 11.1.1 Overview
      • 11.1.2 Financials
      • 11.1.3 Product Portfolio
      • 11.1.4 Business Strategy
      • 11.1.5 Recent Developments
    • 11.2 DEMETER O&G SUPPLIES SN BHD
      • 11.2.1 Overview
      • 11.2.2 Financials
      • 11.2.3 Product Portfolio
      • 11.2.4 Business Strategy
      • 11.2.5 Recent Developments
    • 11.3 KIA ENERGY COMPANY LTD.
      • 11.3.1 Overview
      • 11.3.2 Financials
      • 11.3.3 Product Portfolio
      • 11.3.4 Business Strategy
      • 11.3.5 Recent Developments
    • 11.4 NHAT HUY GROUP
      • 11.4.1 Overview
      • 11.4.2 Financials
      • 11.4.3 Product Portfolio
      • 11.4.4 Business Strategy
      • 11.4.5 Recent Developments
    • 11.5 ASHAPURA GROUP
      • 11.5.1 Overview
      • 11.5.2 Financials
      • 11.5.3 Product Portfolio
      • 11.5.4 Business Strategy
      • 11.5.5 Recent Developments
    • 11.6 GENERAL ELECTRIC
      • 11.6.1 Overview
      • 11.6.2 Financials
      • 11.6.3 Product Portfolio
      • 11.6.4 Business Strategy
      • 11.6.5 Recent Developments
    • 11.7 HALLIBURTON
      • 11.7.1 Overview
      • 11.7.2 Financials
      • 11.7.3 Product Portfolio
      • 11.7.4 Business Strategy
      • 11.7.5 Recent Developments
    • 11.8 SIBELCO
      • 11.8.1 Overview
      • 11.8.2 Financials
      • 11.8.3 Product Portfolio
      • 11.8.4 Business Strategy
      • 11.8.5 Recent Developments
    • 11.9 SCHLUMERGER LIMITED
      • 11.9.1 Overview
      • 11.9.2 Financials
      • 11.9.3 Product Portfolio
      • 11.9.4 Business Strategy
      • 11.9.5 Recent Developments
    • 11.10 SOJITZ CORPORATION.
      • 11.10.1 Overview
      • 11.10.2 Financials
      • 11.10.3 Product Portfolio
      • 11.10.4 Business Strategy
      • 11.10.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Barite Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Barite Market attractiveness, By Form
  • 6. Global Barite Market attractiveness, By Grade
  • 7. Global Barite Market attractiveness, By Color
  • 8. Global Barite Market attractiveness, By Deposit Type
  • 9. Global Barite Market attractiveness, By End-Use Industry
  • 10. Global Barite Market share by Form, 2022 and 2028 (USD Million)
  • 11. Global Barite Market by Lumps, 2022 - 2028 (USD Million)
  • 12. Global Barite Market by Power, 2022 - 2028 (USD Million)
  • 13. Global Barite Market share by Grade, 2022 and 2028 (USD Million)
  • 14. Global Barite Market by Up to Grade 3.9, 2022 - 2028 (USD Million)
  • 15. Global Barite Market by Grade 4.0, 2022 - 2028 (USD Million)
  • 16. Global Barite Market by Grade 4.1, 2022 - 2028 (USD Million)
  • 17. Global Barite Market by Grade 4.2, 2022 - 2028 (USD Million)
  • 18. Global Barite Market by Grade 4.3, 2022 - 2028 (USD Million)
  • 19. Global Barite Market by Grade Above 4.3, 2022 - 2028 (USD Million)
  • 20. Global Barite Market share by Color, 2022 and 2028 (USD Million)
  • 21. Global Barite Market by White & Off- white, 2022 - 2028 (USD Million)
  • 22. Global Barite Market by Grey, 2022 - 2028 (USD Million)
  • 23. Global Barite Market by Brown, 2022 - 2028 (USD Million)
  • 24. Global Barite Market by Others, 2022 - 2028 (USD Million)
  • 25. Global Barite Market share by Deposit Type, 2022 and 2028 (USD Million)
  • 26. Global Barite Market by Residual, 2022 - 2028 (USD Million)
  • 27. Global Barite Market by Bedding, 2022 - 2028 (USD Million)
  • 28. Global Barite Market by Vein, 2022 - 2028 (USD Million)
  • 29. Global Barite Market by Cavity Filling, 2022 - 2028 (USD Million)
  • 30. Global Barite Market share by End-Use Industry, 2022 and 2028 (USD Million)
  • 31. Global Barite Market by Oil & Drilling, 2022 - 2028 (USD Million)
  • 32. Global Barite Market by Paints & Coatings, 2022 - 2028 (USD Million)
  • 33. Global Barite Market by Pharmaceuticals, 2022 - 2028 (USD Million)
  • 34. Global Barite Market by Rubber & Plastics, 2022 - 2028 (USD Million)
  • 35. Global Barite Market by Textiles, 2022 - 2028 (USD Million)
  • 36. Global Barite Market by Adhesives, 2022 - 2028 (USD Million)
  • 37. Global Barite Market by Others, 2022 - 2028 (USD Million)
  • 38. Global Barite Market share, by Region, 2022 and 2028
  • 39. North America Barite Market, 2022 - 2028 (USD Million)
  • 40. Europe Barite Market, 2022 - 2028 (USD Million)
  • 41. Asia Pacific Barite Market, 2022 - 2028 (USD Million)
  • 42. Latin America Barite Market, 2022 - 2028 (USD Million)
  • 43. The Middle-East and Africa Barite Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Barite Market: Snapshot
  • 2. Drivers of the Barite Market: impact analysis
  • 3. North America Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 4. North America Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 5. North America Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 6. North America Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 7. North America Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 8. U.S. Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 9. U.S. Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 10. U.S. Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 11. U.S. Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 12. U.S. Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 13. Canada Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 14. Canada Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 15. Canada Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 16. Canada Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 17. Canada Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 18. Europe Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 19. Europe Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 20. Europe Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 21. Europe Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 22. Europe Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 23. Germany Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 24. Germany Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 25. Germany Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 26. Germany Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 27. Germany Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 28. France Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 29. France Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 30. France Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 31. France Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 32. France Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 33. U.K. Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 34. U.K. Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 35. U.K. Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 36. U.K. Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 37. U.K. Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 38. Italy Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 39. Italy Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 40. Italy Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 41. Italy Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 42. Italy Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 43. Spain Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 44. Spain Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 45. Spain Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 46. Spain Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 47. Spain Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 48. Rest of Europe Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 49. Rest of Europe Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 50. Rest of Europe Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 51. Rest of Europe Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 52. Rest of Europe Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 53. Asia Pacific Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 54. Asia Pacific Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 55. Asia Pacific Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 56. Asia Pacific Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 57. Asia Pacific Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 58. China Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 59. China Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 60. China Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 61. China Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 62. China Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 63. Japan Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 64. Japan Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 65. Japan Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 66. Japan Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 67. Japan Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 68. India Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 69. India Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 70. India Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 71. India Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 72. India Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 73. South Korea Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 74. South Korea Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 75. South Korea Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 76. South Korea Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 77. South Korea Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 78. South-East Asia Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 79. South-East Asia Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 80. South-East Asia Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 81. South-East Asia Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 82. South-East Asia Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 83. Rest of Asia Pacific Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 84. Rest of Asia Pacific Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 85. Rest of Asia Pacific Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 86. Rest of Asia Pacific Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 87. Rest of Asia Pacific Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 88. Latin America Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 89. Latin America Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 90. Latin America Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 91. Latin America Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 92. Latin America Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 93. Brazil Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 94. Brazil Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 95. Brazil Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 96. Brazil Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 97. Brazil Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 98. Mexico Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 99. Mexico Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 100. Mexico Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 101. Mexico Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 102. Mexico Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 103. Rest of Latin America Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 104. Rest of Latin America Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 105. Rest of Latin America Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 106. Rest of Latin America Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 107. Rest of Latin America Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 108. The Middle-East and Africa Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 109. The Middle-East and Africa Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 110. The Middle-East and Africa Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 111. The Middle-East and Africa Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 112. The Middle-East and Africa Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 113. GCC Countries Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 114. GCC Countries Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 115. GCC Countries Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 116. GCC Countries Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 117. GCC Countries Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 118. South Africa Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 119. South Africa Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 120. South Africa Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 121. South Africa Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 122. South Africa Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)
  • 123. Rest of Middle-East Africa Barite Market revenue, By Form, 2022 - 2028 (USD Million)
  • 124. Rest of Middle-East Africa Barite Market revenue, By Grade, 2022 - 2028 (USD Million)
  • 125. Rest of Middle-East Africa Barite Market revenue, By Color, 2022 - 2028 (USD Million)
  • 126. Rest of Middle-East Africa Barite Market revenue, By Deposit Type, 2022 - 2028 (USD Million)
  • 127. Rest of Middle-East Africa Barite Market revenue, By End-Use Industry, 2022 - 2028 (USD Million)

Methodology

Free Analysis

Barite is a mineral with a range of several applications such as medicine compounding, engineering plastic, rubber, middle and high-grade paint, pottery, paper-making, and cosmetics, among others. Barite is found in a depositional environment and in meteorites. Barites suppress high formation fluids and prevent blowouts. 

Barite is widely used as a weighting agent in drilling muds. It is also highly utilized as a pigment in paints, weight filler for paper, rubber, and cloth. Barite also finds its applications in the medical division for diagnosis. The sharp rise in the automotive sector has positively impacted the barite market. Moreover, barite is also utilized in textiles, paint and coating industry, as barite offers good stability, moderate rigidity, alkali and acid proof, and high specific gravity. In addition, the drilling industry is building its footmarks across the globe which is likely to bolster the growth of barite in the coming period. 

Global Barite Market

The barite market is segmented into the grade, color, application, and regions. Barite possesses various grades such as below 3.9, grade 4.0, grade 4.1, grade 4.2, grade 4.3, and a grade above 4.3. The grade above 4.3 is the fastest growing grade type segment due to its extensive use in plastic, rubber, and paints and coating industry. Above 4.3 grades possess high specific gravity and superior quality. The different grades are used in various diverse end users such as paints & coatings, rubber & plastics, oil & drilling, textiles, pharmaceuticals, and adhesives among others. The automotive segment accounted for the largest market share in 2016. Enhanced finishing and smoothness is obtained with the usage of barite in a coating is the key factor driving the use of barite in the automotive industry. The barite market is also segmented on basis of color which includes white and off-white grey, and brown. Some of the major applications of barite market are bedding, residual, vein, and cavity filling. Residual is mostly preferred over the other applications owing to cost-effective and superior results.  

There has been tremendous growth in the oil and gas industry in recent years, this factor is expected to boost the barite market in upcoming years. China dominated the barite market in 2017 and is likely to maintain this trend over the forecast period. Due to the high demand for barite across the globe has led to huge mining projects in Mexico, Liberia, Zimbabwe, and Kazakhstan. India is expected to aid the barite market in the forecast period owing to growing demand for barite in diverse end-user industry. North America and Europe are anticipated to witness prominent growth owing to industrialization and manufacturing sector in Mexico. Latin America is expected to grow at a decent rate due to the rapidly growing construction industry in Brazil. However, Europe is likely to experience moderate growth owing to the economic crisis in Western Europe.

Some of the major companies functioning in the barite market are Shanghai Titanos Industry Co., Ltd., V&P Corporation, SMIMTAF, CMS Industries, Milwhite Inc., Desku Group Inc., Shijiazhuang Oushun Minerals Products Co. Ltd., Excalibar Minerals LLC., International Earth Products LLC, Seaforth Mineral & Ore Co. Inc., Kaomin Industries, and Mil-Spec Industries Corporation, among others.

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FrequentlyAsked Questions

The increasing demand for oil and gas around the world is a primary element driving growth in the worldwide barite market. Along with its utility as a weighting agent for drilling fluids, barite is most commonly used in the oil and gas industry. Additionally, rising demand for barite in the paints and coatings and pharmaceutical industries is likely to drive the barite market forward.

 

According to the Market Research report, the Barite Market was worth about 1,275.1 (USD million) in 2021 and is predicted to grow to around 1,567.4 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 3.5 percent.

 

North America is the largest barite market and is likely to remain dominant throughout the projection period. The region's shale oil revolution has fuelled growth in exploration and development activities, which has resulted in a significant capacity increase, increasing demand for barite as a weighing agent in the oil and gas industry.

 

Some of the main competitors dominating the Barite Market include - CHINHANA GROUP, DEMETER O&G SUPPLIES SN BHD, KIA ENERGY COMPANY LTD., NHAT HUY GROUP, ASHAPURA GROUP, GENERAL ELECTRIC, HALLIBURTON, SIBELCO, SCHLUMERGER LIMITED, SOJITZ CORPORATION.

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