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Market Research Future (MRFR) reports that the global barite market is expected to register a substantial CAGR during the forecast period of 2019-2022 and grow to an outstanding market valuation by 2022 end.Barite Market Segmental Brief:
MRFR’s segmental analysis on barite market illustrates a clear market scenario. The global barite market segmentation is based on application, grade, and region. Paints, automobiles, oil and gas, textile, pharmaceutical, electric appliances, and others are the barite market segments based on application.
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Based on grade, the barite market is segmented into Sp. Grade 3.9, Gr.4.0, Gr.4.1, Gr.4.2, Gr.4.3, and others. Where, lower grade barite from 3.9 to 4.2 is likely to impel the barite market proliferation owing to increase in adoption of unconventional energy, the expensive high-quality barite, obtained from deeper earth’s crust is expected to impede the barite market growth.
By region, the barite market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
Prominent Companies:
Desku Group Inc. (United States), Halliburton Company (Unites States), Excalibar Minerals LLC (United States), P & S Barite Mining Co. Ltd. (Thailand), Ashapura Minechem Ltd. (India), Anglo Pacific Minerals (United Kingdom), CIMBAR Performance Minerals (United States), New Riverside Ochre Company, Inc (United States), Andhra Pradesh Mineral Development Corporation Limited (India), and Mil-Spec Industries Corporation (United States) are prominent players at the noteworthy market players.
Market Insights:
Market Research Future has published its report on the global barite market which is expected to witness a healthy CAGR during the forecast period of 2016 to 2022. The market is driven primarily by growing oil & gas activities in light of the massive demand for fuel.
A naturally occurring, non-toxic mineral deposit, barite exhibits various properties which make it ideal for use in oil & gas drilling, in the analysis of oxygen & sulfur isotopic, as a filler in paint & plastics, in automobile finishes for corrosion resistance, and several others ranging across several end-use industries. Increasing commercialization and urbanization, particularly in emerging markets, the automotive sector, among others is growing at a rapid pace and is expected to increase demand for barium amongst industries. Moreover, oil & gas activities are growing rapidly due to the high demand for fuel.
The availability of various substitutes such as iron ore, hematite, and celestite are expected to hinder market growth due to their reduced prices and the fact that some of these can be synthetically produced.
However, barite is still the most preferred material in oil & gas applications which is expected to encourage market growth. Moreover, its applications in the absorption of x-rays and gamma rays make it useful in the medical sector as well as to make special containers to store radioactive materials which are likely to encourage market expansion.
Regional Overview:
North America is witnessing an increase in demand for shale gas which is triggering the growth of barite market in the region. The US is likely to hold the largest market share in the forthcoming year. Germany and the UK are the largest automotive hub in the European region. This leads to a rise in need for automotive refurbishment causing an increase in the demand for paint and coating which in turn is expected to propel the regional barite market. MRFR discuss in its report that Europe to register a substantial CAGR in the forecast year 2016-2022.
Owing to rigorous industrialization in the Asia Pacific region, MRFR predicts the region to dominate the market in the forecast period of 2016-2022. Rapid industrialization in the APAC region is also influencing the growth of paint and coating market in which barite has a major role to play, thereby, propelling the barite market in the region. The extensive availability of shale reserves, to compensate for the growing barite demand in China, India, and South Korea are anticipated to augment the regional barite market amplification.
Industry News:
April 2019: Voyageur Minerals Ltd, a Canadian company that trades in barite announced that it is undertaking a non-brokered private placement worth $400,000.
Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Barite Market
5 Industry Overview Of Global Barite Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7. Global Barite Market By Region
8. Global Barite Market By Grade (Sp. Gr. 3.9, Gr. 4.0, Gr. 4.1, Gr. 4.2, Gr. 4.3 & Above)
9. Global Barite Market By Application (Paints, Automobiles, Oil & Gas, Textiles, Pharmaceutical, Electrical Appliances And Others)
LIST OF TABLES:
Table 1 World Population By Major Regions (2015 To 2030) (Million)
Table 2 Global Barite Market: By Region, 2014-2022 (USD Million)
Table 3 North America Barite Market: By Country, 2014-2022 (USD Million)
Table 4 Europe Barite Market: By Country, 2014-2022 (USD Million)
Table 5 Asia-Pacific Barite Market: By Country, 2014-2022 (USD Million)
Table 6 RoW Barite Market: By Country, 2014-2022 (USD Million)
Table 7 Global Barite For Grade Market: By Regions, 2014-2022 (USD Million)
Table 8 North America Barite For Grade Market: By Country, 2014-2022 (USD Million)
Table 9 Europe Barite For Grade Market: By Country, 2014-2022 (USD Million)
Table 10 Asia-Pacific Barite For Grade Market: By Country, 2014-2022 (USD Million)
Table 11 RoW Barite For Grade Market: By Country, 2014-2022 (USD Million)
Table 12 North America Barite For Application Market: By Country, 2014-2022 (USD Million)
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/barite-market-2035
Release ID: 88894119
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