Connect with us

Hi, what are you looking for?

Barite Market to Set a High Potential Growth of US$ 2.1 Billion by 2031 : TMR Study

Barite Market: Introduction

Transparency Market Research delivers key insights on the global barite market. In terms of revenue, the global barite market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global barite market.

Request Sample of Report –https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2404

The global barite market is broadly affected by several factors, including usage of barite in various applications such as drilling mud, pharmaceuticals, rubber & plastics, and others. Rise in global demand for energy has led to significant increase in the oil & gas production. Foreign investments in the oil & gas sector have increased across the globe; as a result, production of oil and gas has increased significantly. Barite is used as a weighting agent in drilling mud in oil & gas production. This is expected to drive the barite market during the forecast period.

Barite Market: Dynamics

Barite is primarily employed as a weighting agent in the oil & gas industry. The global demand for energy has been increasing at a significant pace after a decline due to the COVID-19 pandemic. This is boosting oil & gas exploration and drilling activities. Thus, increase in the production of oil and gas is propelling the global barite market.

Barite is used as a filler agent in coatings. It is used as a pigment in paints, while it is employed as a weighted filler in paper, textile, and rubber industries. It is widely used in the paints industry as an extender for primers, as it provides clean whiteness. It is used in walls and undercoats to beautify smooth walls. Led by the rise in usage of barite as a filer agent in coatings, the barite market is expected to expand at a significant pace during the forecast period.

Make an Enquiry Before Buying –https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2404

Barite is used as filling agent in the rubber industry. It helps increase the life of rubber products, as products become waterproof and their durability increases. It also helps reduce the cost of rubber products. The strength of these products also increases, making them resistant to alkali and acid. This has led to a rise in the demand for barite.

Barite is increasingly used in the construction industry, specifically for the manufacture of reactors. Barite is added to concrete aggregates during the construction of an atomic reactor, owing to its ability to absorb gamma radiations. Manufacturers focus on paints and rubber industries, as the share held by these end-use industries in the barite market is likely to increase during the forecast period.

Barite Market: Prominent Regions

North America dominates the global barite market. The market in the region is anticipated to expand at a CAGR of more than 5% during the forecast period. Increase in the demand for drilling mud and rubber & plastics is driving the barite market in North America. The U.S. is a key country of the barite market in North America. It held a major share of the barite market in North America in 2020. The country is estimated to maintain its dominant position during the forecast period.

Asia Pacific is also a key region of the global barite market. China led the barite market in Asia Pacific in 2020. The presence of a large number of oil & gas exploration companies is driving the demand for barites in China.

Barite Market: Key Players

The global barite market is consolidated, with the presence of key players. Prominent players operating in the global barite market include The Andhra Pradesh Mineral Development Corporation Ltd., Ashapura Group, Anglo Pacific Minerals Ltd., Schlumberger Limited, Sojitz Corporation, PANDS GROUP, The Kish Company, Inc., ALCOR MINERALS, PVS Global Trade Pvt Ltd, and Pulapathuri.

Request for Custom Research –https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2404

Global Barite Market: Segmentation

Barite Market, by Grade

  • Up to Sp. Gr. 3.9
  • Sp. Gr. 4.0
  • Sp. Gr. 4.1
  • Sp. Gr. 4.2
  • Sp. Gr. 4.3 & Above

 Barite Market, by Application

  • Drilling Mud
  • Pharmaceuticals
  • Rubber & Plastics
  • Others (including Cement)

More Trending Reports by Transparency Market Research –

Mining Explosives Market – https://www.einpresswire.com/article/578961619/mining-explosives-market-to-reach-valuation-of-us-32-69-bn-by-2031

Epoxy Resins Market – https://www.einpresswire.com/article/575866159/epoxy-resins-market-key-drivers-challenges-growth-and-opportunities-2031

Ink Market – https://www.prnewswire.com/news-releases/ink-market-to-expand-at-a-cagr-of-3-3-from-2022-to-2031–tmr-report-301571694.html

Titanium Dioxide Market  – https://www.transparencymarketresearch.com/titanium-dioxide-market.html

Fuel Cell Market  – https://www.transparencymarketresearch.com/fuel-cell-market.html

Marine Lubricants Market  – https://www.transparencymarketresearch.com/marine-lubricants-market.html

Smart Glass Market  – https://www.transparencymarketresearch.com/smart-glass.html

Water Treatment Chemicals and Technology Market  – https://www.transparencymarketresearch.com/water-treatment-chemicals-market.html

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact 

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com

You may also like:

Tech & Science

This year's physics Nobel prize was awarded Tuesday to three men for their work on a phenomenon called quantum entanglement.

Business

The biggest software upgrade of crypto has fulfilled its promise to wipe out more than 99 percent of the electricity.

Social Media

Twitter on Monday said a feature to edit tweets is being rolled out to those subscribing to its Blue service.

Tech & Science

Cybersecurity tip: identify vulnerabilities and stop threats across the breadth of the network.