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Barite Market Research Report - Global Forecast Till 2025 Report / Search Code: MRFR/CnM/1503-HCR

Publish Date: December, 2019

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Global Barite Market Research Report: By Application (Drilling Mud, Chemical Manufacturing, Paints & Polymers, Pharmaceuticals, and Others), and Region (Asia-Pacific, North America, Europe, Latin America, and Middle East and Africa) – Forecast till 2025 Market Synopsis The global barite market was valued at USD 2.8 billion in 2018 and is expected to register a CAGR of 5.82% during the forecast period. Barite, also known as baryte, is a white or colorless mineral composed of barium sulfate (BaSO4). The commercial deposits of barite are currently found in the US, China, India, and Morocco. Barite’s high density, low solubility, brightness or whiteness, softness, chemical inertness, and low cost make it an ideal mineral for many applications. It finds applications in the oil & gas industry owing to its unusual combination of properties viz. high density, softness, and chemical inertness. It is used as a weighting agent in drilling mud, which is the fluid pumped into the oil or gas well to lubricate the bit and drill stem, remove rock chips, prevent the collapse of well walls, and prevent blowouts, and suppress high-pressure formation. Barite also finds niche application as an additive for friction materials, paints, plastics, rubbers, and other products; feedstock for chemical manufacturing (sodium hydroxide, barium carbonate); and shielding in X-ray and gamma-ray applications. Drilling activity is the predominant growth driver to the global barite market. Barite is used in the production of barium carbonate, which is used for manufacturing LED glass. The widespread usage of LED glass in the manufacturing of televisions, computer screens, and other electronics products is also propelling the growth of the global barite market. The growth in the demand for consumer electronics across the globe is expected to boost market growth further during the forecast period. Moreover, increasing demand for paints & coatings, rubbers, and polymers in the construction industry is another factor driving the global market growth. Furthermore, the rising use of barite in the medical industry due to their excellent purity and absorption capability of X-rays and gamma rays is expected to open lucrative avenues for the growth of the global barite market during the forecast period. Market players are adopting various strategies such as expansion, mergers & acquisition, product launch & technological advancements to uplift the product market growth. For instance, on 26 April 2019, CIMBAR Performance Minerals Inc. started a new barite operation in Marietta, Ohio (US), to serve the north-east regional oilfield market with an investment of approximately USD 5.5 million. The new plant has a production capacity of around 125-150,000 TPA, and its main product is API Drilling Grade Barite. However, regulatory restrictions in the mining of barite in key producing countries may hinder the market growth during the forecast period. The availability of substitutes in the market, such as ilmenite, celestite, iron ore, and synthetic hematite, is the challenging factor in the market growth.

Global Barite Market Share in 2018, by Application


Source: MRFR Analysis Market Segmentation The global barite market has been segmented by application and region. Based on application, the global barite market has been categorized as drilling mud, chemical manufacturing, paints & polymers, pharmaceuticals, and others.

Regional Analysis The global barite market has been cataloged into Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia-Pacific dominated the global barite market in 2018 and is expected to continue dominating during the forecast period. The market growth is driven by the rapid industrialization and urbanization in the region owing to the growing economies, easy investment norms, low production cost, and inexpensive labor. This rapid industrialization and urbanization in emerging economies of the region have significantly increased the demand for fuel and energy, thereby positively influencing the oilfield industry. The majority of oil & gas exploration and production activities are centered in China, Indonesia, South Korea, Australia, and India. China and India are the major producers of barite in the region and are expected to contribute to the majority of the regional demand. Increasing production of electronics products, particularly in China, Taiwan, and India due to escalating demand in the region on account of rising per-capita income and changing lifestyle are also complementing the growth of the barite market in the region. Moreover, the Make in India initiative taken by the Indian government is expected to augment the growth of the domestic electrical & electronics in the country, which in turn, is expected to boost the barite market over the forecast period. Furthermore, growing healthcare industry, due to rising government initiatives and growing healthcare expenditure, is expected to support the growth of the product market during the forecast period. North America held the second-largest market share of the global barite market in 2018 and is expected to show significant growth during the forecast period. The shale gas revolution in the region is largely driving the demand for barite as a weighting agent in drilling mud. Rising construction & renovation activities in the US is driving high demand for paints, polymers, and rubbers, and thus supporting the growth of the barite market. Additionally, established healthcare industry in the US is significantly driving the product market. The strong electricals and electronics industry are also significantly supporting the barite market growth in the region. The US is a major market in North America with high growth potential. The Middle East & Africa market is another major market for barite due to the high concentration of oilfield reserves and established oil & gas industries in the region. The ongoing infrastructural projects in the UAE and Qatar are also likely to exhibit strong demand for barite as a paint additive in the region. Europe is expected to show rising demand for barite during the forecast period due to growing offshore oilfield activities in the North Sea for exploring newer reserves. Furthermore, the high rate of deployment of the mud-cap drilling technique in the region is also likely to create new growth opportunities for the barite producers in the next five years. The established automotive industry drives high demand for paints & coatings, polymers, and rubbers, and thus is likely to contribute to the growth of the barite market during the forecast period. The market in Latin America is expected to register moderate growth over the forecast period due to


slow economic development in the region. The growing construction industry in Brazil and Mexico to meet residential and industrial infrastructure requirements is likely to drive the demand for paints & coatings and thus propel the growth of the barite market.

Key Players The prominent manufacturers in the global barite market are The Cary Company (US), Milwhite, Inc. (US), Halliburton (US), DESKU GROUP INC. (US), APMDC (India), Ashapura Group (India), Kaomin Industries LLP (India), Mil-Spec Industries Corporation (US), International Earth Products LLC (US), and Dev International (India).

Intended Audience Barite manufacturers Traders and distributors of Barite Research and development institutes Potential investors Raw material suppliers Nationalized laboratory

Contents:

Contents TABLE OF CONTENTS 1 Executive Summary 2 Market Introduction 2.1 Market Definition 2.2 Scope of the Study 2.3 List of Assumptions 2.4 Markets Structure 3 Market Research Methodology 3.1 Research Process 3.2 Primary Research 3.3 Secondary Research 3.4 Market Size Estimation 3.5 Forecast Model 4 Market Dynamics of the Global Barite Market 4.1 Introduction 4.2 Drivers 4.3 Restraints 4.4 Opportunities 4.5 Challenges 4.6 Trends/Technology 5 Market Factor Analysis of the Global Barite Market 5.1 Supply Chain Analysis 5.1.1 Raw Material Suppliers 5.1.2 Manufacturers/Producers 5.1.3 Distributors/Retailers/Wholesalers/E-Commerce 5.1.4 End User 5.2 Porter’s Five Forces Analysis 5.2.1 Threat of New Entrants 5.2.2 Bargaining Power of Buyers 5.2.3 Bargaining Power of Suppliers 5.2.4 Threat of Substitutes 5.2.5 Intensity of Competitive Rivalry 5.2 Pricing Analysis , By Region, USD/tons


6. Global Barite Market, by Application 6.1 Introduction 6.2 Drilling Mud 6.2.1 Market Estimates & Forecast, 2017−2025 6.2.2 Market Estimates & Forecast, by Region, 2017−2025 6.3 Chemical Manufacturing 6.3.1 Market Estimates & Forecast, 2017−2025 6.3.2 Market Estimates & Forecast, by Region, 2017−2025 6.4 Paints & Polymers 6.4.1 Market Estimates & Forecast, 2017−2025 6.4.2 Market Estimates & Forecast, by Region, 2017−2025 6.5 Pharmaceuticals 6.5.1 Market Estimates & Forecast, 2017−2025 6.5.2 Market Estimates & Forecast, by Region, 2017−2025 6.5 Others 6.5.1 Market Estimates & Forecast, 2017−2025 6.5.2 Market Estimates & Forecast, by Region, 2017−2025 7. Global Barite Market, by Region 7.1 Introduction 7.2 North America 7.2.1 Market Estimates & Forecast, 2017−2025 7.2.2 Market Estimates & Forecast, by Application, 2017−2025 7.2.3 US 7.2.3.1 Market Estimates & Forecast, 2017−2025 7.2.3.2 Market Estimates & Forecast, by Application, 2017−2025 7.2.4 Canada 7.2.4.1 Market Estimates & Forecast, 2017−2025 7.2.4.2 Market Estimates & Forecast, by Application, 2017−2025 7.3 Europe 7.3.1 Market Estimates & Forecast, 2017−2025 7.3.2 Market Estimates & Forecast, by Application, 2017−2025 7.3.3 Germany 7.3.3.1 Market Estimates & Forecast, 2017−2025 7.3.3.2 Market Estimates & Forecast, by Application, 2017−2025 7.3.4 France 7.3.4.1 Market Estimates & Forecast, 2017−2025 7.3.4.2 Market Estimates & Forecast, by Application, 2017−2025 7.3.5 Italy 7.3.5.1 Market Estimates & Forecast, 2017−2025 7.3.5.2 Market Estimates & Forecast, by Application, 2017−2025 7.3.6 Spain 7.3.6.1 Market Estimates & Forecast, 2017−2025 7.3.6.2 Market Estimates & Forecast, by Application,2017−2025 7.3.7 UK 7.3.7.1 Market Estimates & Forecast, 2017−2025 7.3.7.2 Market Estimates & Forecast, by Application,2017−2025 7.3.8 Russia 7.3.8.1 Market Estimates & Forecast, 2017−2025


7.3.8.2 Market Estimates & Forecast, by Application,2017−2025 7.3.9 Poland 7.3.9.1 Market Estimates & Forecast, 2017−2025 7.3.9.2 Market Estimates & Forecast, by Application, 2017−2025 7.3.10 Rest of Europe 7.3.10.1 Market Estimates & Forecast, 2017−2025 7.3.10.2 Market Estimates & Forecast, by Application, 2017−2025 7.4 Asia-Pacific 7.4.1 Market Estimates & Forecast, 2017−2025 7.4.2 Market Estimates & Forecast, by Application, 2017−2025 7.4.3 China 7.4.3.1 Market Estimates & Forecast, 2017−2025 7.4.3.2 Market Estimates & Forecast, by Application, 2017−2025 7.4.4 India 7.4.4.1 Market Estimates & Forecast, 2017−2025 7.4.4.2 Market Estimates & Forecast, by Application, 2017−2025 7.4.5 Japan 7.4.5.1 Market Estimates & Forecast, 2017−2025 7.4.5.2 Market Estimates & Forecast, by Application, 2017−2025 7.4.6 Australia & New Zealand 7.4.6.1 Market Estimates & Forecast, 2017−2025 7.4.6.2 Market Estimates & Forecast, by Application, 2017−2025 7.4.7 Rest of Asia-Pacific 7.4.7.1 Market Estimates & Forecast, 2017−2025 7.4.7.2 Market Estimates & Forecast, by Application, 2017−2025 7.5 Middle East & Africa 7.5.1 Market Estimates & Forecast, 2017−2025 7.5.2 Market Estimates & Forecast, by Application, 2017−2025 7.5.3 GCC 7.5.3.1 Market Estimates & Forecast, 2017−2025 7.5.3.2 Market Estimates & Forecast, by Application, 2017−2025 7.5.4 Israel 7.5.4.1 Market Estimates & Forecast, 2017−2025 7.5.4.2 Market Estimates & Forecast, by Application, 2017−2025 7.5.5 North Africa 7.5.5.1 Market Estimates & Forecast, 2017−2025 7.5.5.2 Market Estimates & Forecast, by Application, 2017−2025 7.5.6 Turkey 7.5.6.1 Market Estimates & Forecast, 2017−2025 7.5.6.2 Market Estimates & Forecast, by Application, 2017−2025 7.5.7 Rest of Middle East & Africa 7.5.7.1 Market Estimates & Forecast, 2017−2025 7.5.7.2 Market Estimates & Forecast, by Application, 2017−2025 7.6 Latin America 7.6.1 Market Estimates & Forecast, 2017−2025 7.6.2 Market Estimates & Forecast, by Application, 2017−2025 7.6.3 Brazil 7.6.3.1 Market Estimates & Forecast, 2017−2025


7.6.3.2 Market Estimates & Forecast, by Application, 2017−2025 7.6.4 Argentina 7.6.4.1 Market Estimates & Forecast, 2017−2025 7.6.4.2 Market Estimates & Forecast, by Application, 2017−2025 7.6.5 Mexico 7.6.5.1 Market Estimates & Forecast, 2017−2025 7.6.5.2 Market Estimates & Forecast, by Application, 2017−2025 7.6.6 Rest of Latin America 7.6.6.1 Market Estimates & Forecast, 2017−2025 7.6.6.2 Market Estimates & Forecast, by Application, 2017−2025 8. Company Landscape 8.1 Introduction 8.2 Market Strategy 8.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment) 9. Company Profiles 9.1 The Cary Company 9.1.1 Company Overview 9.1.2 Financial Updates 9.1.3 Product/Business Segment Overview 9.1.4 Key Strategies 9.1.5 Key Developments 9.1.6 SWOT Analysis 9.2 Milwhite, Inc. 9.2.1 Company Overview 9.2.2 Financial Updates 9.2.3 Product/Business Segment Overview 9.2.4 Key Strategies 9.2.5 Key Developments 9.2.6 SWOT Analysis 9.3 Halliburton 9.3.1 Company Overview 9.3.2 Financial Updates 9.3.3 Product/Business Segment Overview 9.3.4 Key Strategies 9.3.5 Key Developments 9.3.6 SWOT Analysis 9.4 DESKU GROUP INC. 9.4.1 Company Overview 9.4.2 Financial Updates 9.4.3 Product/Business Segment Overview 9.4.4 Key Strategies 9.4.5 Key Developments 9.4.6 SWOT Analysis 9.5 APMDC 9.5.1 Company Overview 9.5.2 Financial Updates 9.5.3 Product/Business Segment Overview 9.5.4 Key Strategies


9.5.5 Key Developments 9.5.6 SWOT Analysis 9.6 Ashapura Group 9.6.1 Company Overview 9.6.2 Financial Updates 9.6.3 Product/Business Segment Overview 9.6.4 Key Strategies 9.6.5 Key Developments 9.6.6 SWOT Analysis 9.7 Kaomin Industries LLP 9.7.1 Company Overview 9.7.2 Financial Updates 9.7.3 Product/Business Segment Overview 9.7.4 Key Strategies 9.7.5 Key Developments 9.7.6 SWOT Analysis 9.8 Mil-Spec Industries Corporation 9.8.1 Company Overview 9.8.2 Financial Updates 9.8.3 Product/Business Segment Overview 9.8.4 Key Strategies 9.8.5 Key Developments 9.8.6 SWOT Analysis 9.9 International Earth Products LLC 9.9.1 Company Overview 9.9.2 Financial Updates 9.9.3 Product/Business Segment Overview 9.9.4 Key Strategies 9.9.5 Key Developments 9.9.6 SWOT Analysis 9.10 Dev International 9.10.1 Company Overview 9.10.2 Financial Updates 9.10.3 Product/Business Segment Overview 9.10.4 Key Strategies 9.10.5 Key Developments 9.10.6 SWOT Analysis 10. Conclusion LIST OF TABLES

Table 1 Global Barite Market: by Region, 2017−2025 Table 2 North America: Barite Market, by Country, 2017−2025 Table 3 Europe: Barite Market, by Country, 2017−2025 Table 4 Asia-Pacific: Barite Market. by Country, 2017−2025 Table 5 Middle East & Africa: Barite Market, by Country, 2017−2025 Table 6 Latin America: Barite Market, by Country, 2017−2025 Table 7 Global Barite Application Market, by Regions, 2017−2025 Table 8 North America: Barite Application Market, by Country, 2017−2025


Table 9 Europe: Barite Application Market, by Country, 2017−2025 Table10 Asia-Pacific: Barite Application Market, by Country, 2017−2025 Table11 Middle East & Africa: Barite Application Market, by Country, 2017−2025 Table12 Latin America: Barite Application Market, by Country, 2017−2025 Table13 Global Application Market, by Region, 2017−2025 Table14 North America: Barite Market, by Country, 2017−2025 Table15 North America: Barite Market, by Application, 2017−2025 Table16 Europe: Barite Market, by Country, 2017−2025 Table17 Europe: Barite Market, by Application, 2017−2025 Table18 Asia-Pacific: Barite Market, by Country, 2017−2025 Table19 Asia-Pacific: Barite Market, by Application, 2017−2025 Table20 Middle East & Africa: Barite Market, by Country, 2017−2025 Table21 Middle East & Africa: Barite Market, by Application, 2017−2025 Table22 Latin America: Barite Market, by Country, 2017−2025 Table23 Latin America: Barite Market, by Application, 2017−2025 LIST O FIGURES FIGURE 1 Global Barite Market Segmentation FIGURE 2 Forecast Research Methodology FIGURE 3 Five Forces Analysis of the Global Barite Market FIGURE 4 Value Chain of the Global Barite Market FIGURE 5 Share of the Global Barite Market in 2018, by Country FIGURE 6 Global Barite Market, 2017−2025, FIGURE 7 Global Barite Market Size, by Application, 2018 FIGURE 8 Share of the Global Barite Market, by Application, 2017−2025

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