Reports
Global Barite Market: By Grade; By Deposit Type: Bedding, Residual, Vein, Cavity Filling, Others; By End Use: Paints and Coatings, Textiles, Rubber and Plastics, Adhesives, Pharmaceuticals; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Barite Market Outlook
The global barite market is expected to grow at a CAGR of 5.8% in the forecast period of 2023-2028.
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Rising Production of Oil and Gas to Aid the Barite Industry
The barite industry is being driven by the rising production of oil and gas across the globe. Barite is used to increase hydrostatic pressure to reduce high-pressure zones during drilling activities. The rising demand for energy on a global scale has fuelled the production for oil and gas. The global market for barite is significantly being supported by the North America region. Within the region, the United States has a major share for barite, mainly for oil and gas drilling activities. North America is followed by the Asia Pacific. Within the Asia Pacific, the consumption of barite involves oil and gas drilling activities and its use as a filler material in coatings, rubber, paints, and ceramics. The Middle East and Africa is also witnessing a high rate of consumption of barite on account of the availability of large reserves of crude oil in the region.
Barite: Market Segmentation
Barite (BaSO4) is a mineral containing barium sulphate. It comes in various colours like brown, yellow, blue, grey, and it could even be colourless. The commercial deposits of barite are found primarily in the United States, China, Morocco, and India. It is a vital mineral due to its usage in exploration and advancement of petroleum and natural gas resources.
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On the basis of grade, the market is divided into:
- Up to Grade 3.9
- Grade 4.0
- Grade 4.1
- Grade 4.2
- Grade 4.3
- Grade Above 4.3
- Others
Based on deposit type, the industry can be segmented into:
- Bedding
- Residual
- Vein
- Cavity Filling
- Others
By end use, the industry is categorised into:
- Paints and Coatings
- Textiles
- Rubber and Plastics
- Adhesives
- Pharmaceuticals
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Extensive Applications of Barite are Expected to Aid the Global Market Growth
The barite industry is being driven by its rising demand as a weighting agent for drilling fluids within oil and gas drilling activities. Barite has high density, low hardness, low oil consumption, and is available in abundance, which makes it an ideal drilling fluid additive. The market is further aided by the extensive applications of the product as a filler agent in coatings, paints, and rubbers due to its high specific density. It is extensively used in the paints and coatings industry due to the reduction in the production of oil globally.
Key Industry Players in the Global Barite Market
The report gives a detailed analysis of the following key players in the global barite market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Intercontinental Mining
- The Kish Company, Inc.
- Steinbock Minerals Ltd
- International Earth Products LLC
- Desku Group Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Grade, Deposit Type, End Use, Region |
| Breakup by Grade | Up to Grade 3.9, Grade 4.0, Grade 4.1, Grade 4.2, Grade 4.3, Grade Above 4.3, Others |
| Breakup by Deposit Type | Bedding, Residual, Vein, Cavity Filling, Others |
| Breakup by End Use | Paints and Coatings, Textiles, Rubber and Plastics, Adhesives, Pharmaceuticals, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Intercontinental Mining, The Kish Company, Inc., Steinbock Minerals Ltd, International Earth Products LLC, Desku Group Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Barite Market Analysis
8.1 Key Industry Highlights
8.2 Global Barite Historical Market (2018-2022)
8.3 Global Barite Market Forecast (2023-2028)
8.4 Global Barite Market by Grade
8.4.1 Up to Grade 3.9
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Grade 4.0
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Grade 4.1
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Grade 4.2
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Grade 4.3
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Grade Above 4.3
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Barite Market by Deposit Type
8.5.1 Bedding
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Residual
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Vein
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Cavity Filling
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Barite Market by End Use
8.6.1 Paints and Coatings
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Textiles
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Rubber and Plastics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Adhesives
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Pharmaceuticals
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Barite Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Barite Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Barite Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Barite Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Barite Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Barite Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Intercontinental Mining
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 The Kish Company, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Steinbock Minerals Ltd
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 International Earth Products LLC
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Desku Group Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Barite Market: Key Industry Highlights, 2018 and 2028
2. Global Barite Historical Market: Breakup by Grade (USD Million), 2018-2022
3. Global Barite Market Forecast: Breakup by Grade (USD Million), 2023-2028
4. Global Barite Historical Market: Breakup by Deposit Type (USD Million), 2018-2022
5. Global Barite Market Forecast: Breakup by Deposit Type (USD Million), 2023-2028
6. Global Barite Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Global Barite Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Global Barite Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Barite Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Barite Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Barite Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Barite Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Barite Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Barite Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Barite Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Barite Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Barite Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Barite Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Barite Market Forecast: Breakup by Country (USD Million), 2023-2028
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Barite Market Structure
Key Questions Answered in the Report
The global barite market is projected to grow at a CAGR of 5.8% between 2021 and 2026.
The major drivers of the industry, such as the rising demand for energy, rising demand from the developing regions, and the growing technological advancements, are expected to aid the market growth.
The key trend guiding the growth of the market includes the technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading grades of barite in the market are up to grade 3.9, grade 4.0, grade 4.1, grade 4.2, grade 4.3, and grade above 4.3, among others.
The significant deposit types of barite in the industry are bedding, residual, vein, and cavity filling, among others.
The major end use sectors in the market are paints and coatings, textiles, rubber and plastics, adhesives, and pharmaceuticals, among others.
The major players in the industry are Intercontinental Mining, The Kish Company, Inc., Steinbock Minerals Ltd, International Earth Products LLC, and Desku Group Inc., among others.
Analyst Review
The global barite market is being driven by the growing demand for energy. Aided by technological advancements, the market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 5.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on grade, the market is segmented into up to grade 3.9, grade 4.0, grade 4.1, grade 4.2, grade 4.3, and grade above 4.3, among others. By deposit type, the industry is divided into bedding, residual, vein, and cavity filling, among others. Based on end use, the market is categorised into paints and coatings, textiles, rubber and plastics, adhesives, and pharmaceuticals, among others. The major regional markets for barite are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Intercontinental Mining, The Kish Company, Inc., Steinbock Minerals Ltd, International Earth Products LLC, and Desku Group Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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