Barite Market Sales Revenue, Opportunity, Comprehensive Analysis and Landscape Outlook to 2030

The global barite market was significantly larger in 2021 and is expected to grow at a rapid rate over the forecast period. Rapid industrialization, increased building and construction activities, and increased applications in the oil and gas, paints and coatings, healthcare, automotive, and other industries are key factors driving global market revenue growth. Other major factors driving revenue growth in the global barite market include rapidly increasing oil and gas drilling and exploration activities, as well as rising demand for petroleum and various petrochemical products such as polymers, resins, synthetic fibres, rubbers, dyes, adhesives, and paints and coatings.

Barite is a mineral composed of barium sulphate (BaSO4) that is colourless or white, off-white, grey, light blue, or yellow. It is the primary source of barium, and due to its high specific gravity of up to 4.5, robust density, and chemical inertness, it is suitable for a wide range of industrial, manufacturing, and medical applications. Barite, anglesite (lead sulphate), celestine (strontium sulphate), and anhydrite are all members of the barite group (calcium sulfate). The mineral occurs naturally in various depositional environments and is deposited via processes such as hydrothermal, biogenic, and evaporation. Barite is typically found in sedimentary rocks as concretions or void-filling crystals; for example, it can be found in hot spring deposits and lead-zinc veins in limestones. As of 2019, global barite production was estimated to be around 9.5 million metric tonnes, with China, India, Mexico, the United States, Turkey, and Russia among the major producers.

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Top Players in the Global Barite Market:

  • Anglo Pacific Minerals Ltd.
  • Ashapura Minechem Limited
  • The Andhra Pradesh Mineral Development Corporation Limited
  • Baker Hughes Company
  • International Earth Products LLC
  • Milwhite Inc.
  • Newpark Resources Inc.
  • P&S Barite Mining Co. Ltd.
  • Schlumberger Limited
  • Sojitz Corporation
  • The Cary Company
  • Excalibur Minerals, LLC
  • Schlumberger Limited
  • New Riverside Ochre
  • Cimbar Performance Minerals
  • Sachtleben Chemie GmbH
  • Pands Group
  • The Kish Company, Inc.
  • Alcor Minerals
  • PVS Global Trade Pvt. Ltd.

Among the key factors contributing to steady revenue growth of global barite market are increasing industrial applications of barite and its growing demand in the oil & gas, construction, paints & coatings, healthcare, and automotive industries. In the oil & gas industry, barite is used as a weighting agent in petroleum well drilling muds and increases the specific gravity of the mud, maintaining the hydrostatic equilibrium and preventing oil or gas from entering high-pressure zones. In the healthcare industry, barite is widely used as a radiocontrast agent in X-ray imaging and other medical imaging and diagnostic procedures. Moreover, it is used in making high-density concrete that absorbs x-ray and gamma ray emissions. Increasing need for radiation-proof structures in hospitals, laboratories, and power plants has further driven demand for barite. Growing use of barite as a weighted filler in paints, powder coatings, plastics, rubber, mold release compounds, brake pads for automobiles, heavy aggregate for radiation shielding, TVs, computer monitors, and cosmetics including lipsticks and lip glosses is another important factor driving market revenue growth.

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Barite Market segmentation

Deposite Type Outlook:

  • Residual
  • Bedding
  • Vein
  • Cavity Filling

Color Outlook:

  • White & Off-white
  • Grey
  • Brown
  • Others

Form Outlook:

  • Lumps
  • Powder

Grade Outlook:

  • Up to Grade 3.9
  • Grade 4.0
  • Grade 4.1
  • Grade 4.2
  • Grade 4.3
  • Grade Above 4.3

End-use Industry Outlook:

  • Oil & Gas Industry
  • Pharmaceutical Industry
  • Paints & Coatings Industry
  • Rubber & Plastics Industry
  • Adhesives & Sealants Industry
  • Textile Industry
  • Others

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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