is a mineral composed of barium sulphate. It is extracted from mineral deposits. Rapid increase in the production of oil and gas and rise in application areas for barium compounds are estimated to boost the demand and growth of barite market during the forecast period. This market report is classified on the basis of various parameters. This report contains market segments on the basis of usage, end-user industry and geography. The barite market is classified on the basis of usage into:
- Weighting Agent
- Paint Pigments
- Barite Compounds Preparation
- Diagnostic Medical Tests
The key factor for the growth of this market is the widespread advantages and demanding applications of barite by various end-user industries in the coming years.
APAC accounts for a major share of XX% in barite market. China is a dominant producer of barite. Europe is witnessed to have a rise in growth with a CAGR of XX% in the next few years with the new chemical companies being established. The market is dominated by large and medium barite mining companies involved in the extraction and processing of barite. The barite market is witnessed to rise with a CAGR of XX% to reach $XX m in 2021 from $XX million in 2015.The key players in Barite market include:
- Solvay S.A.
- Huber Engineered Materials
- CIMBAR Performance Minerals
- 3M Company
- Sachtleben Chemie GmbH
The estimates and forecasts have been derived based on various inputs from primary and secondary sources. Secondary sources such as articles, whitepapers, journals and other has helped to deliver an extensive analysis in this report. Insights related to various regulatory frameworks and consumer studies have been collected from publications by government organizations and other companies related to extraction, mining and manufacturing.
To enhance the accuracy of the estimates, the data has been validated by conducting interviews with industry experts. This report on barite market identifies many such insights, market share analysis and M&A opportunities, besides providing a detailed analysis of the key players, distributors and growth rate of the market.