Barite Market: Production Volume to Cross 11 Thousand Kilo Tons by 2024

Transparency Market
Research
Barite Market - Global Industry Analysis, Size, Share Forecast
2016 - 2024
Published Date
12-Jan-2017
166 Page Report
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Press Release
Global Barite Market: Production Volume to Cross 11 Thousand Kilo Tons by
2024, predicts TMR
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Barite Market
REPORT DESCRIPTION
Barite Market (Grade - Up to Sp. Gr. 3.9, Sp. Gr. 4.0, Sp. Gr. 4.1, Sp.
Gr. 4.2, and Sp. Gr. 4.3 and Above; End User - Drilling Mud,
Pharmaceuticals, Rubber and Plastics, Paints, Coatings, and Paper
and Pulp) - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024
Of late, the global barite market has been experiencing an intense competition between the leading
companies, namely, APMDC, China Shen Zhou Mining and Resources Inc., Halliburton Co.,
Excalibar Minerals LLC, and Ashapura Minechem Ltd., finds a report by Transparency Market
Research (TMR). The market has been demonstrating a highly fragmented structure, with these
companies holding only 31.1% share of the overall market in 2015.
Currently, the leading vendors of barite across the world are making strategic alliances to increase
their market share. Analysts at TMR expect these firms to increase investments in novel barite-mining
projects in order to expand their reserves over the next few years.
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The report estimates the opportunity in the global market for barite, which was worth US$1.29 bn in
2015, to progress at a CAGR of 4.10% during the period from 2016 to 2024 and reach a value of
US$1.85 bn by the end of the forecast period. In terms of volume, the market is likely to cross
11,645.7 kilo tons by 2024. Accounting for a share of more than 70%, drilling mud emerged as the
key application segment of this market in 2015. Researchers expect the scenario to remain so over
the period of forecast.
North America to Retain its Position in Global Barite Market
The report also offers a geographical analysis of the global market for barite. As per the study, the
Middle East and Africa, Latin America, Asia Pacific, Europe, and North America are considered as the
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key regional markets for barite. With more than 30% share, North America led this market in 2015,
thanks to the increased demand for barite drilling mud in the oil and gas industry. With continual rise
in oil and gas drilling activities, the regional market is likely to retain its position over the forthcoming
years. The U.S. is expected to surface as the leading consumer of barite in North America over the
forecast period.
Asia Pacific is also emerging as a potential market for barite, thanks to the remarkable growth in the
rubber and plastic industry in this region. Going forward, this regional market is likely to present most
promising growth opportunities to barite vendors across the world in the near future. On the other
hand, the markets for barite in Latin America and the Middle East and Africa are projected to
demonstrate stable growth throughout the forecast period, states the research report.
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Increase in Oil and Gas Production to Boost Demand for Barite
As barites have high specific gravity, they are used as weighting agents in drilling fluids, which make
them an essential component of the process of oil and gas production. “With the increasing demand
for energy across the world, the oil and gas production is witnessing a monumental rise, which
consequently, is influencing the demand for barite, globally,” says the author of this study.
The increasing usage of barite as a filler agent in plastics, paints, and rubber is also projected to
reflect positively on the global market for barite over the forecast period. However, the stringent
regulations of various governments and their interference over the production of barite may hamper
the growth of this market, notes the study.
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TABLE OF CONTENT
1. Preface
1.1.Report Scope and Market Segmentation
1.2.Research Highlights
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2.Assumptions and Research Methodology
2.1.Assumptions and Acronyms Used
2.2.Research Methodology
3.Executive Summary
3.1.Market Size, Indicative (US$ Bn)
3.2.Top 3 Trends
3.3.Revenue Share, by Region, Grade, and Application, 2015
4.Market Overview
4.1.Product Overview
4.2.Key Industry Developments
4.3.Macro-economic Factors
4.4.Market Indicators
4.5.Drivers and Restraints Snapshot Analysis
4.5.1.Drivers
4.5.2.Restraints
4.5.3.Opportunities
4.6.Barite Market: Global Demand-Supply Scenario
4.7.Porter’s Analysis
4.7.1.Threat of Substitutes
4.7.2.Bargaining Power of Buyers
4.7.3.Bargaining Power of Suppliers
4.7.4.Threat of New Entrants
4.7.5.Degree of Competition
4.8.Value Chain Analysis
4.9.Global Barite Market Analysis and Forecasts
4.10.Global Barite Market Outlook
5.Barite Demand Supply Analysis
5.1.Barite - Global Supply Scenario
5.2.Barite - Global Supply Scenario - Net Trade
5.3.Top Barite Producing Countries
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5.4.PEST Analysis
5.4.1.China
5.4.2.India
5.4.3.U.S.
5.4.4.Mexico
5.4.5.Morocco
5.5.Barite Pricing Analysis
6.Global Barite Market Value Share Analysis, by Grade
6.1.Key Findings
6.2.Introduction
6.3.Global Barite Market Value Share Analysis, by Grade
6.4.Up to Sp. Gr. 3.9
6.5.Sp. Gr. 4.0
6.6.Sp. Gr. 4.1
6.7.Sp. Gr. 4.2
6.8.Sp. Gr. 4.3 and Above
6.9.Global Barite Market Attractiveness Analysis, by Grade
6.10.Key Trends
7.Global Barite Market Value Share Analysis, by Application
7.1.Key Findings
7.2.Introduction
7.3.Global Barite Market Value Share Analysis, by Application
7.4.Drilling Mud
7.5.Pharmaceuticals
7.6.Rubber and Plastics
7.7.Others
7.8.Global Barite Market Attractiveness Analysis, by Application
7.9.Key Trends
8.Barite Market Analysis by Region
8.1.Global Country Scenario
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8.2.Global Barite Market Value Share Analysis, by Region
8.3.Barite Market Forecast, by Region
9.North America Barite Market Analysis
9.1.Key Findings
9.2.North America Barite Market Overview
9.3.North America Market Forecast, by Grade
9.4.North America Market Forecast, by Application
9.5.North America Market Forecast, by Country
9.6.North America Market Attractiveness Analysis
9.7.Market Trends
10.Europe Barite Market Analysis
10.1.Key Findings
10.2.Europe Barite Market Overview
10.3.Europe Market Forecast, by Grade
10.4.Europe Market Forecast, by Application
10.5.Europe Market Forecast, by Country
10.6.Europe Market Attractiveness Analysis
10.7.Market Trends
11.Asia Pacific Barite Market Analysis
11.1.Key Findings
11.2.Asia Pacific Barite Market Overview
11.3.Asia Pacific Market Forecast, by Grade
11.4.Asia Pacific Market Forecast, by Application
11.5.Asia Pacific Market Forecast, by Country
11.6.Asia Pacific Market Attractiveness Analysis
11.7.Market Trends
12.Middle East & Africa Barite Market Analysis
12.1.Key Findings
12.2.Middle East & Africa Barite Market Overview
12.3.Middle East & Africa Market Forecast, by Grade
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12.4.Middle East & Africa Market Forecast, by Application
12.5.Middle East & Africa Market Forecast, by Country
12.6.Middle East & Africa Market Attractiveness Analysis
12.7.Market Trends
13.Latin America Barite Market Analysis
13.1.Key Findings
13.2.Latin America Barite Market Overview
13.3.Latin America Market Forecast, by Grade
13.4.Latin America Market Forecast, by Application
13.5.Latin America Market Forecast, by Country
13.6.Latin America Market Attractiveness Analysis
13.7.Market Trends
14.Competition Landscape
14.1.Barite Market Share Analysis by Company (2015)
14.2.Competition Matrix
14.2.1.The Andhra Pradesh Mineral Development Corporation Ltd.
14.2.2.Ashapura Minechem Limited
14.2.3.Excalibar Minerals LLC
14.2.4.Anglo Pacific Minerals
14.3.Company Profiles
14.3.1.The Andhra Pradesh Mineral Development Corporation Ltd.
14.3.1.1.Company Description
14.3.1.2.Business Overview
14.3.1.3.SWOT Analysis
14.3.1.4.Financial Details
14.3.1.5.Strategic Overview
14.3.2.Ashapura Minechem Limited
14.3.2.1.Company Description
14.3.2.2.Business Overview
14.3.2.3.SWOT Analysis
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14.3.2.4.Financial Details
14.3.2.5.Strategic Overview
14.3.3.Sojitz Corporation
14.3.3.1.Company Description
14.3.3.2.Business Overview
14.3.3.3.SWOT Analysis
14.3.3.4.Financial Details
14.3.3.5.Strategic Overview
14.3.4.Halliburton Company
14.3.4.1.Company Description
14.3.4.2.Business Overview
14.3.4.3.SWOT Analysis
14.3.4.4.Financial Details
14.3.4.5.Strategic Overview
14.3.5.Baker Hughes Incorporated
14.3.5.1.Company Description
14.3.5.2.Business Overview
14.3.5.3.SWOT Analysis
14.3.5.4.Financial Details
14.3.5.5.Strategic Overview
14.3.6.Schlumberger Limited
14.3.6.1.Company Description
14.3.6.2.Business Overview
14.3.6.3.SWOT Analysis
14.3.6.4.Financial Details
14.3.6.5.Strategic Overview
14.3.7.Excalibar Minerals LLC
14.3.7.1.Company Description
14.3.7.2.Business Overview
14.3.8.International Earth Products LLC
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14.3.8.1.Company Description
14.3.8.2.Business Overview
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Global Market for Barite presented an opportunity worth US$1.3 bn in 2015. Rising at a CAGR of 4.10% between 2016 and 2024, the market is estimated to attain a value of US$1.8 bn by the end of 2024.