We have an updated report [Version - 2024] available. Kindly sign up to get the sample of the report.
all report title image

BARITE MARKET ANALYSIS

Global Barite Market by Grade (Up to Grade 3.9, Grade 4.0, Grade 4.1, Grade 4.2, Grade 4.3, Grade above 4.3), by Color (Brown, White & Off-White, Grey, Others), by End-Use Industry (Oil & Gas, Paints & Coating, Pharmaceuticals, Rubber & Plastics, Textiles, Adhesives and Others), and Region - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

  • Published In : Oct 2017
  • Code : CMI912
  • Pages :176
  • Formats :
      Excel and PDF
  • Industry : Advanced Materials

Regional Analysis

In terms of revenue, Asia Pacific is the fastest growing market for barite, witnessing a CAGR of 6.49% over the forecast period. The rapidly growing oil and gas industry in the emerging economies of the region such as India and China, is the major driving factor for market growth. Growing population coupled with increasing disposable income among the populace in the region has augmented demand for energy in the region. As per data released by the U.S. Energy Information Administration (EIA), total liquid fuel consumption in Asia Pacific is estimated to reach 33.3 million barrels per day (bpd) in 2017, with China accounting for 80% of the consumption in the region. Furthermore, the recent discovery of barite deposits in the Krishna-Godavari basin (KGD6) India, has brought in investments from various companies, with Reliance announcing an investment of US$ 6 billion in 2015.

North America is the largest market for barite and is expected to retain its dominance through 2025. North America barite market was valued at US$ 0.56 billion in 2016 and is expected to exhibit a CAGR of 6.21% over the forecast period. The shale oil revolution in the region has surged the growth in the exploration and development activities, which in turn has led to major capacity addition in the region, subsequently fueling demand for barite as weighting agent in the oil and gas industry. According to the U.S Energy information Administration (EIA), around 15.8 trillion cubic feet of natural gas was produced from shale reserves in the U.S. in 2016.

Europe is the second largest market for barite, projected to witness a CAGR of 5.24% during the forecast period. The growth in the exploration and production activities, especially in the North Sea has surged the barite market in the region. Moreover, the dominant automobile and consumer goods industry in the region has increased the demand for paint and coating in the region, which in turn is significantly driving the barite market due to its major use in pigments in paint and coating industry.

Geographies Covered:

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now
Logo

Credibility and Certifications

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Credibility and Certifications

27001:2022

Credibility and Certifications

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.