Global Barite Products Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application

Barite is a mineral composed of barium sulfate (BaSO4). It receives its name from the Greek word "barys" which means "heavy." This name is in response to barite's high specific gravity, which is exceptional for a nonmetallic mineral. The high specific gravity of barite makes it suitable for a wide range of industrial, medical, and manufacturing uses. Barite also serves as the principal ore of barium.
Barite is an important mine resource, which is mainly used in drilling industry (Rig). Barite reserve is distributed in China, India and Morocco. China is a leading barite resource distribution region and barite production region. In China, barite resource is distributed in Guizhou, Guangxi and Yunnan province. China has many barite suppliers and market concentration is low. India own the second largest barite resource. In India, Andhra Pradesh Mineral Development is a leading.

Barite have many different applications, including drilling industry (rig), medical industry, rubber & plastics, pulps and papers, paints and coatings and cosmetic industry. Drilling industry (rig) is the largest consumption field. During 2012-2016, drilling industry (rig) consumed barite varied from 8264.1 K MT in 2012 to 6107.8 K MT in 2016, with an average decrease rate of 7.28%. Affected by oil & gas industry, drilling industry consumed barite tend to decrease.

Global major production regions are China and India. In 2016, China produced 2771.1 K MT barite and India produced 1101.6 K MT. China and India are two major exporting countries. Meanwhile, USA is a major importing region. In 2016, USA consumed 1450.3 K MT, which have produced only 422.6 K MT. During 2012- 2016, USA consumption decreased from 3430.3 K MT in 2012 to 1450.3 K MT in 2016, which have great impaction on global total consumption.

During past five years, global total consumption decreased from 9220.3 K MT in 2012 to 6882.6 K MT in 2017, with an average decreased rate of 5.68%. Barite price increased firstly from 69 USD/MT in 2012 to 74 USD/MT in 2013, and then decreased in 2013. Since 2014, barite price kept increasing. Currently, barite average price is about 77 USD/MT.

In the future, we predict that global consumption will keep decreasing. By 2023, global consumption will be 6338 K MT. Barite price will increase to 86 USD/MT by 2023.

Market Analysis and Insights: Global Barite Products Market
The global Barite Products market size is projected to reach US$ 583.5 million by 2026, from US$ 549.7 million in 2020, at a CAGR of 1.0% during 2021-2026.
Global Barite Products Scope and Segment
The global Barite Products market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Barite Products market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.

Segment by Type, the Barite Products market is segmented into
Up to Grade 3.9
Grade 4.0
Grade 4.1
Grade 4.2
Grade 4.3
Grade above 4.3

Segment by Application, the Barite Products market is segmented into
Drilling Industry (Rig)
Medical Industry
Rubber & Plastics
Pulps and Papers
Paints and Coatings
Cosmetic Industry
Others

Barite Products market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Barite Products business, the date to enter into the Barite Products market, Barite Products product introduction, recent developments, etc.
The major vendors covered:
Excalibar Minerals
Milwhite
Andhra Pradesh Mineral Development
Halliburton(Hughes)
SinoBarite
Başer Mining
Corpomin
Guizhou Toli
China Zhashui Heqi Barite Mining
Yunnan Judu Minerals
Haiwo Minerals
Hubei Chuangyuan Minerals
Red Star

Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Barite Products markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Barite Products market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.

Frequently Asked Questions