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Barite Market to showcase significant growth via gas & oil industry

Author : Ronak Bora | Published Date : 2019-08-09 

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. 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.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/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 industry growth over next few years.

North America barite market size was valued over USD 1 billion in 2016. This comes as no surprise, considering the enormous number of shale gas exploration and oil drilling activities in the area. The region will continue to remain a major contributor of barite industry, with U.S. retaining its paramount position. The continent has also experienced the usage of unconventional energy sources to meet the never-ending demand across the power generation, automotive, and oil & gas sectors, on the grounds of which, analysts claim North America barite market to register a growth rate of 4.5% over 2017-2024.

Asia Pacific market is expected to emerge as one of the most lucrative growth avenues for barite market, given that the region has been experiencing a commendable growth across numerous sectors. As per analysts, the continent is anticipated to generate substantial revenue from the sales of white and off-white barite, which is slated to grow at a CAGR of 3% over 2017-2024. This is primarily due to the growing prominence of the paints & coatings sector in the region, since the product is heavily utilized in this industry.

Browse key industry insights spread across 172 pages with 219 market data tables & 14  figures & charts from the report, “Barite Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/barite-market

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.

 

Glimpse of Table of Content (ToC)

Chapter 4. Barite Market, By Grade

4.1.  Barite industry share by grade, 2016 & 2024

4.2.  Upto grade 3.9

4.2.1.    Market estimates and forecasts, 2013 - 2024

4.2.2.    Market estimates and forecasts by region, 2013 – 2024

4.3.  Grade 4.0

4.3.1.    Market estimates and forecasts, 2013 - 2024

4.3.2.    Market estimates and forecasts by region, 2013 – 2024

4.4.  Grade 4.1

4.4.1.    Market estimates and forecasts, 2013 - 2024

4.4.2.    Market estimates and forecasts by region, 2013 – 2024

4.5.  Grade 4.2

4.5.1.    Market estimates and forecasts, 2013 - 2024

4.5.2.    Market estimates and forecasts by region, 2013 – 2024

4.6.  Grade 4.3

4.6.1.    Market estimates and forecasts, 2013 - 2024

4.6.2.    Market estimates and forecasts by region, 2013 – 2024

4.7.  Grade above 4.3

4.7.1.    Market estimates and forecasts, 2013 - 2024

4.7.2.    Market estimates and forecasts by region, 2013 – 2024

Chapter 5. Barite Market, By Color

5.1.  Barite industry 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

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/barite-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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