DUBLIN, December 01, 2021--(BUSINESS WIRE)--The "Barite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global barite market grew at a CAGR of around 4% during 2015-2020. Looking forward, the market is projected to exhibit moderate growth during 2021-2026.
Significant growth in the oil and gas industry, along with increasing offshore and ultra-deep exploration activities across the globe, is one of the key factors creating a positive outlook for the market. Barite is used as a weighing agent in oil well drilling fluids as it counters the pressure resulting from drilling operations.
Moreover, the widespread adoption of barite for the manufacturing of plastic products is also driving the market growth. It is used as a non-toxic, water-soluble and stable chemical filler to enhance the gloss, strength and weatherability of plastic products.
Additionally, the rising product demand for the production of paints, coating, rubbers, pharmaceuticals and automobile components, is acting as another growth-inducing factor. Rapid urbanization, along with increasing product utilization in the medical industry to absorb X- and Gamma rays, are some of the factors that are anticipated to drive the market further.
The report provides an analysis of the key trends in each sub-segment of the global barite market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on grade and application.
Breakup by Grade
Up to 3.9
Special Grade 4.0
Special Grade 4.1
Special Grade 4.2
Special Grade 4.3 and Above
Breakup by Application
Oil & Gas
Breakup by Region
Middle East & Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Anglo Pacific Minerals Ltd.
Ashapura Minechem Limited (AMCOL International Corporation)
Baker Hughes Company
International Earth Products LLC
Newpark Resources Inc.
P&S Barite Mining Co. Ltd.
The Andhra Pradesh Mineral Development Corporation Limited
The Cary Company
Key Questions Answered in the Report
How has the global barite market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global barite market?
What are the key regional markets?
What is the breakup of the market based on the grade?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global barite market and who are the key players?
What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/bppvnm
View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005949/en/
Laura Wood, Senior Press Manager
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