Barite Products Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
316302 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Barite Products market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Barite Products is projected to rise moderately in the projected time frame of 2023-2030.
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 barites 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.
Barite is an important mine resource, which is mainly used in drilling industry (Rig). Barite reserve is distributed in China, India and Morocco. China is a leading barite resource distribution region and barite production region. In China, barite resource is distributed in Guizhou, Guangxi and Yunnan province. China has many barite suppliers and market concentration is low. India own the second largest barite resource. In India, Andhra Pradesh Mineral Development is a leading company.
Barite have many different applications, including drilling industry (rig), medical industry, rubber & plastics, pulps and papers, paints and coatings and cosmetic industry. Drilling industry (rig) is the largest consumption field. During 2012-2016, drilling industry (rig) consumed barite varied from 8264.1 K MT in 2012 to 6107.8 K MT in 2016, with an average decrease rate of 7.28%. Affected by oil & gas industry, drilling industry consumed barite tend to decrease.
Global major production regions are China and India. In 2016, China produced 2771.1 K MT barite and India produced 1101.6 K MT. China and India are two major exporting countries. Meanwhile, USA is a major importing region. In 2016, USA consumed 1450.3 K MT, which have produced only 422.6 K MT. During 2012- 2016, USA consumption decreased from 3430.3 K MT in 2012 to 1450.3 K MT in 2016, which have great impaction on global total consumption.
During past five years, global total consumption decreased from 9220.3 K MT in 2012 to 6882.6 K MT in 2020, with an average decreased rate of 5.68%. Barite price increased firstly from 69 USD/MT in 2012 to 74 USD/MT in 2013, and then decreased in 2013. Since 2014, barite price kept increasing. Currently, barite average price is about 77 USD/MT.
In the future, we predict that global consumption will keep decreasing. By 2023, global consumption will be 6338 K MT. Barite price will increase to 86 USD/MT by 2023.
Global Barite Products market size will increase to 580 Million US$ by 2030, from 530 Million US$ in 2020, at a CAGR of 1.0% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Barite Products.
Objectives of Research:
The overview of the global Barite Products market
Report comprised of the market companies, to describe and define and analyze the Barite Products market value, share competition landscape, development plans and SWOT analysis.
The report also involves the structure of the industry by identifying its several sub-segments.
To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market: The major competitors working in the market are:
, 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
Market by Order Type
Up to Grade 3.9
Grade 4.0
Grade 4.1
Grade 4.2
Grade 4.3
Grade above 4.3
Barite Products Data by Application
Drilling Industry (Rig)
Medical Industry
Rubber & Plastics
Pulps and Papers
Paints and Coatings
Cosmetic Industry
Others
Barite Products Production Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
Before you Purchase get some Insights from this report
The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
Summary of the Barite Products market comprising definition
Barite Products Market Growth Drivers, Restrains, Challenges and opportunities
Major trends which is impacting the global Barite Products market
Barite Products Market segmentation and complete information about the market
Regional analysis of the market
Which regional market will develop as a champion at intervals in the coming years?
What are the top companies at intervals in the global Barite Products market?
What are the growth strategies of the key players to sustain hold at intervals in the global Barite Products market?
Barite Products Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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