Barite Market 2018-2024 Top Key Players Deutsche Baryt Industrie, Halliburton, CIMBAR Performance Minerals, New Riverside Ochre Company, Inc., Excalibar Minerals LLC
White & off-white barite market size is anticipated to grow at a CAGR close to 3% by 2024. It finds extensive application in the paints & coatings industry which will help generate promising gains during the forecast period.
(EMAILWIRE.COM, August 14, 2018 ) Barite Market will exceed USD 4 billion; according to a new research report.
Steadily growing gas & oil industry, especially in the U.S., due to abundant shale reserves and varying industry dynamics for promoting usage of alternative energy sources has fueled barite market share in recent times.
This trend shall continue over the next few years due to strong demand for meeting energy requirements in various industries including power, transportation, etc. which shall consequently create ample growth opportunities for barite market by 2024.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1328
Furthermore, positive growth drivers in pharmaceutical industry, specifically in Asia Pacific shall stimulate barite market during forecast timeframe, owing to gradually improving healthcare infrastructure and increasing geriatric population, as the product is widely used as fillers for plasters and in diagnostic tools.
Booming paints & coatings market in Asia Pacific, due to rapid urbanization and industrialization shall accelerate barite market during the forecast timeframe. White & off-white barite is commonly used for pigments preparation in paints industry. Constantly expanding construction industry in countries including, India and China, due to constantly improving economic aspects is a prime factor responsible in increased coatings & paints demand. This has substantially amplified product demand in above industry as well as automobile sector.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1328
Inadequate and scattered geographical occurrence of barite and excessive transportation costs may challenge barite market growth during the forecast period. Moreover, easy accessibility of existing options including ilmenite, hematite, etc. that are also widely used for weighing purpose in energy sector may obstruct barite market growth over next few years.
Upto grade 3.9 barite market shall witness CAGR near to 3% in the forecast duration. It is a lower grade barite and is produced in equal ratio of barite and alternative weighing materials such as hematite and ilmenite. Grade 4.2 market is expected to register a CAGR of approximately 4% during forecast period, as it has widespread usage in oil & drilling industry on account of its superior rheological properties, that makes it highly desirable for weighing agent.
Key market share contributors operational in barite market are Halliburton, Spectrum Chemical Mfg. Corp., Excalibar Minerals, New Riverside Ochre, Barium & Chemicals Inc., Deutsche Baryt Industrie and Ashapura Group of Industries.
Partial Chapter of the Table of Content
Chapter 5. Barite Market, By Color
5.1. Barite market share by grade, 2016 & 2024
5.2. White & off-white
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Grey
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Brown
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Others
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
Steadily growing gas & oil industry, especially in the U.S., due to abundant shale reserves and varying industry dynamics for promoting usage of alternative energy sources has fueled barite market share in recent times.
This trend shall continue over the next few years due to strong demand for meeting energy requirements in various industries including power, transportation, etc. which shall consequently create ample growth opportunities for barite market by 2024.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1328
Furthermore, positive growth drivers in pharmaceutical industry, specifically in Asia Pacific shall stimulate barite market during forecast timeframe, owing to gradually improving healthcare infrastructure and increasing geriatric population, as the product is widely used as fillers for plasters and in diagnostic tools.
Booming paints & coatings market in Asia Pacific, due to rapid urbanization and industrialization shall accelerate barite market during the forecast timeframe. White & off-white barite is commonly used for pigments preparation in paints industry. Constantly expanding construction industry in countries including, India and China, due to constantly improving economic aspects is a prime factor responsible in increased coatings & paints demand. This has substantially amplified product demand in above industry as well as automobile sector.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1328
Inadequate and scattered geographical occurrence of barite and excessive transportation costs may challenge barite market growth during the forecast period. Moreover, easy accessibility of existing options including ilmenite, hematite, etc. that are also widely used for weighing purpose in energy sector may obstruct barite market growth over next few years.
Upto grade 3.9 barite market shall witness CAGR near to 3% in the forecast duration. It is a lower grade barite and is produced in equal ratio of barite and alternative weighing materials such as hematite and ilmenite. Grade 4.2 market is expected to register a CAGR of approximately 4% during forecast period, as it has widespread usage in oil & drilling industry on account of its superior rheological properties, that makes it highly desirable for weighing agent.
Key market share contributors operational in barite market are Halliburton, Spectrum Chemical Mfg. Corp., Excalibar Minerals, New Riverside Ochre, Barium & Chemicals Inc., Deutsche Baryt Industrie and Ashapura Group of Industries.
Partial Chapter of the Table of Content
Chapter 5. Barite Market, By Color
5.1. Barite market share by grade, 2016 & 2024
5.2. White & off-white
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Grey
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Brown
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Others
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results