PUBLISHER: TechNavio | PRODUCT CODE: 1788438
PUBLISHER: TechNavio | PRODUCT CODE: 1788438
The barite market is forecasted to grow by USD 370.2 mn during 2024-2029, accelerating at a CAGR of 4.3% during the forecast period. The report on the barite market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in oil and gas drilling activities, growing application of barite across paint industry, and growing consumption of barite in automotive industry.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 3.9% |
CAGR | 4.3% |
Incremental Value | $370.2 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's barite market is segmented as below:
By Type
By End-user
By Grade Type
By Geographical Landscape
This study identifies the rising use of barite in middle Eastern oil and gas industry as one of the prime reasons driving the barite market growth during the next few years. Also, growing government initiatives to boost barite production and rising adoption of barite in healthcare industry will lead to sizable demand in the market.
The report on the barite market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading barite market vendors that include Anglo Pacific Minerals Ltd., BARIT MADEN TURK A.S., Barium and Chemicals Inc., CIMBAR Performance Minerals, CSGLOBAL, Dev International, Emprada Mines And Minerals LLC., Guizhou Red Star Development Co. Ltd., IBC Ltd., J and H Minerals Pvt. Ltd., Mil Spec Industries Corp., Milwhite Inc., Newpark Resources Inc., PVS Global Trade Pvt. Ltd., Sachtleben Minerals GmbH and Co. KG, Schlumberger Ltd., Sojitz Corp., The Cary Co., and Vishnu Chemicals Ltd.. Also, the barite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Exhibits: