PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339245
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339245
Barite Market Share, Size, Trends, Industry Analysis Report, By Application (Fillers, Oil & Gas, Chemicals, Fillers), By Region, And Segment Forecasts, 2023 - 2032
The global barite market size is expected to reach USD 2,315.12 million by 2032, according to a new study by Polaris Market Research. The report "Barite Market Share, Size, Trends, Industry Analysis Report, By Application (Fillers, Oil & Gas, Chemicals, Fillers), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The consumption of barite is predicted to increase due to the oil and gas sector's growing investments and demand from various industries. The world's energy demands are rising, and efficient drilling operations are required to meet these demands. Governments and energy companies are investing heavily in expanding their energy generation capacity, resulting in increased onshore and offshore oil and gas exploration activities. Barite is an essential component in drilling mud as it helps make consumption of barite is expected to increase due to the growing investments in the oil and gas sector and rising demand from various industries. The need for efficient drilling operations and the ever-growing energy requirements contribute to the market's expansion. As the global population continues to grow, the energy demand surges worldwide. Governments and energy companies are investing heavily in expanding their energy generation capacity. This has increased onshore and offshore oil and gas exploration activities to meet the rising global energy demand.
The demand for barite is expected to increase proportionally as drilling activities increase. Barite is essential for maintaining the hydrostatic pressure and density required for efficient drilling operations due to its unique properties as a weighting agent in drilling mud. Using barite in drilling fluids helps prevent well blowouts and ensures smooth drilling operations by providing lubrication and cooling effects. Furthermore, barite is used in various industries, such as paints and coatings, chemicals, cosmetics, plastics, cement, and rubber, due to its desirable properties. It is known for its low oil absorption, chemical inertness, and insolubility, making it a preferred filler in various applications. It enhances film coatings' thickness, durability, and strength in the paints and coatings industry and produces barium compounds used in rubber, paper, glass, ceramics, and other chemical processes.
Additionally, barite's desirable properties, such as low oil absorption, chemical inertness, and insolubility, make it a preferred filler in industries such as paints and coatings, chemicals, cosmetics, plastics, cement, and rubber. It enhances film coatings' thickness, durability, and strength and produces barium compounds for various chemical processes. The consumption of barite is predicted to increase due to the oil and gas sector's growing investments and demand from various industries. The world's energy demands are rising, and efficient drilling operations are required to meet these demands. Governments and energy companies are investing heavily in expanding their energy generation capacity, resulting in increased onshore and offshore oil and gas exploration activities. Barite is essential in drilling mud as it helps maintain hydrostatic pressure and density, preventing well blowouts and ensuring smooth drilling operations. Additionally, barite's desirable properties, such as low oil absorption, chemical inertness, and insolubility, make it a preferred filler in industries such as paints and coatings, chemicals, cosmetics, plastics, cement, and rubber. It enhances film coatings' thickness, durability, and strength and produces barium compounds for various chemical processes.
Barite Market Report Highlights
Chemical segment registered steady growth rate, owing to its inertness, insolubility, and low oil absorption rate
Oil & gas segment garnered largest share, owing to rise in drilling activities in Middle East, and other emerging nations
North America region dominated the global market with largest share in 2022, due to the presence of multi-national companies, and its technical prowess
The global key market players include: VGL Group, Art.com, Uprise Art, Saatchi Art, Society6, Minted, Artsy, 1stdibs.com, Artnet Worldwide, and Artspace.
Polaris Market Research has segmented the barite market report based on application, and region:
Barite, Type Outlook (Revenue - USD Million, 2023 - 2032)
- Oil & Gas
- Chemicals
- Fillers
- Others
Barite, Regional Outlook (Revenue - USD Million, 2023 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Barite Market Insights
- 4.1. Barite Market - Industry Snapshot
- 4.2. Barite Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Consistent investments made in exploration and tight oil production
- 4.2.1.2. Rising use of barite as a weighting agent in drilling fluids
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Availability of close substitutes
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.6. Barite Industry trends
- 4.7. COVID-19 Impact Analysis
5. Global Barite Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Barite Market, by Application, 2019-2032 (USD Million)
- 5.3. Oil & Gas
- 5.3.1. Global Barite Market, by Oil & Gas, by Region, 2019-2032 (USD Million)
- 5.4. Chemicals
- 5.4.1. Global Barite Market, by Chemicals, by Region, 2019-2032 (USD Million)
- 5.5. Fillers
- 5.5.1. Global Barite Market, by Fillers, by Region, 2019-2032 (USD Million)
- 5.6. Others
- 5.6.1. Global Barite Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Barite Market, by Geography
- 6.1. Key findings
- 6.2. Introduction
- 6.2.1. Barite Market Assessment, By Geography, 2019-2032 (USD Million)
- 6.3. Barite Market - North America
- 6.3.1. North America: Barite Market, by Application, 2019-2032 (USD Million)
- 6.3.2. Barite Market - U.S.
- 6.3.2.1. U.S.: Barite Market, by Application, 2019-2032 (USD Million)
- 6.3.3. Barite Market - Canada
- 6.3.3.1. Canada: Barite Market, by Application, 2019-2032 (USD Million)
- 6.4. Barite Market - Europe
- 6.4.1. Europe: Barite Market, by Application, 2019-2032 (USD Million)
- 6.4.2. Barite Market - UK
- 6.4.2.1. UK: Barite Market, by Application, 2019-2032 (USD Million)
- 6.4.3. Barite Market - France
- 6.4.3.1. France: Barite Market, by Application, 2019-2032 (USD Million)
- 6.4.4. Barite Market - Germany
- 6.4.4.1. Germany: Barite Market, by Application, 2019-2032 (USD Million)
- 6.4.5. Barite Market - Italy
- 6.4.5.1. Italy: Barite Market, by Application, 2019-2032 (USD Million)
- 6.4.6. Barite Market - Spain
- 6.4.6.1. Spain: Barite Market, by Application, 2019-2032 (USD Million)
- 6.4.7. Barite Market - Netherlands
- 6.4.7.1. Netherlands: Barite Market, by Application, 2019-2032 (USD Million)
- 6.4.8. Barite Market - Austria
- 6.4.8.1. Austria: Barite Market, by Application, 2019-2032 (USD Million)
- 6.5. Barite Market - Asia Pacific
- 6.5.1. Asia Pacific: Barite Market, by Application, 2019-2032 (USD Million)
- 6.5.2. Barite Market - China
- 6.5.2.1. China: Barite Market, by Application, 2019-2032 (USD Million)
- 6.5.3. Barite Market - India
- 6.5.3.1. India: Barite Market, by Application, 2019-2032 (USD Million)
- 6.5.4. Barite Market - Malaysia
- 6.5.4.1. Malaysia: Barite Market, by Application, 2019-2032 (USD Million)
- 6.5.5. Barite Market - Japan
- 6.5.5.1. Japan: Barite Market, by Application, 2019-2032 (USD Million)
- 6.5.6. Barite Market - Indonesia
- 6.5.6.1. Indonesia: Barite Market, by Application, 2019-2032 (USD Million)
- 6.5.7. Barite Market - South Korea
- 6.5.7.1. South Korea: Barite Market, by Application, 2019-2032 (USD Million)
- 6.6. Barite Market - Middle East & Africa
- 6.6.1. Middle East & Africa: Barite Market, by Application, 2019-2032 (USD Million)
- 6.6.2. Barite Market - Saudi Arabia
- 6.6.2.1. Saudi Arabia: Barite Market, by Application, 2019-2032 (USD Million)
- 6.6.3. Barite Market - UAE
- 6.6.3.1. UAE: Barite Market, by Application, 2019-2032 (USD Million)
- 6.6.4. Barite Market - Israel
- 6.6.4.1. Israel: Barite Market, by Application, 2019-2032 (USD Million)
- 6.6.5. Barite Market - South Africa
- 6.6.5.1. South Africa: Barite Market, by Application, 2019-2032 (USD Million)
- 6.7. Barite Market - Latin America
- 6.7.1. Latin America: Barite Market, by Application, 2019-2032 (USD Million)
- 6.7.2. Barite Market - Mexico
- 6.7.2.1. Mexico: Barite Market, by Application, 2019-2032 (USD Million)
- 6.7.3. Barite Market - Brazil
- 6.7.3.1. Brazil: Barite Market, by Application, 2019-2032 (USD Million)
- 6.7.4. Barite Market - Argentina
- 6.7.4.1. Argentina: Barite Market, by Application, 2019-2032 (USD Million)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. Anglo Pacific Minerals
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Ashapura Group
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. CIMBAR Performance Minerals
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. Demeter O&G Supplies
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Excalibur Minerals
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. International Earth Products
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. P & S Barite Mining
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. PVS Chemicals
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. SLB
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. Andhra Pradesh Mineral Development Corporation
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
List of Tables
- Table 1 Global Barite Market, by Application, 2019-2032 (USD Million)
- Table 2 Barite Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 3 North America: Barite Market, by Application, 2019-2032 (USD Million)
- Table 4 U.S.: Barite Market, by Application, 2019-2032 (USD Million)
- Table 5 Canada: Barite Market, by Application, 2019-2032 (USD Million)
- Table 6 Canada: Barite Market, by Application, 2019-2032 (USD Million)
- Table 7 Europe: Barite Market, by Application, 2019-2032 (USD Million)
- Table 8 Spain: Barite Market, by Application, 2019-2032 (USD Million)
- Table 9 Netherlands: Barite Market, by Application, 2019-2032 (USD Million)
- Table 10 Austria: Barite Market, by Application, 2019-2032 (USD Million)
- Table 11 Germany: Barite Market, by Application, 2019-2032 (USD Million)
- Table 12 Italy: Barite Market, by Application, 2019-2032 (USD Million)
- Table 13 France: Barite Market, by Application, 2019-2032 (USD Million)
- Table 14 Asia Pacific: Barite Market, by Application, 2019-2032 (USD Million)
- Table 15 China: Barite Market, by Application, 2019-2032 (USD Million)
- Table 16 Japan: Barite Market, by Application, 2019-2032 (USD Million)
- Table 17 India: Barite Market, by Application, 2019-2032 (USD Million)
- Table 18 Indonesia: Barite Market, by Application, 2019-2032 (USD Million)
- Table 19 South Korea: Barite Market, by Application, 2019-2032 (USD Million)
- Table 20 Malaysia: Barite Market, by Application, 2019-2032 (USD Million)
- Table 21 Latin America: Barite Market, by Application, 2019-2032 (USD Million)
- Table 22 Brazil: Barite Market, by Application, 2019-2032 (USD Million)
- Table 23 Mexico: Barite Market, by Application, 2019-2032 (USD Million)
- Table 24 Argentina: Barite Market, by Application, 2019-2032 (USD Million)
- Table 25 Middle East & Africa: Barite Market, by Application, 2019-2032 (USD Million)
- Table 26 South Africa: Barite Market, by Application, 2019-2032 (USD Million)
- Table 27 Israel: Barite Market, by Application, 2019-2032 (USD Million)
- Table 28 Saudi Arabia: Barite Market, by Application, 2019-2032 (USD Million)
- Table 29 UAE: Barite Market, by Application, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Barite Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Barite Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Barite Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 9 Strategic Analysis - Barite Market
