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Barite Market Size, Share & Trends Analysis Report By Application (Oil & Gas, Chemicals, Fillers), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2021 - 2028

October 2021 | 120 pages | ID: B4DA7CEC10E8EN
Grand View Research, Inc.

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Barite Market Growth & Trends

The global barite market size is expected to reach 1.59 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.7% from 2021 to 2028. Rising investments in increasing offshore explorations in the oil and gas industry are anticipated to augment the market growth over the forecast period.

Barite is a naturally occurring barium-based mineral. It is found in hydrothermal ore veins, sedimentary rocks like limestone, clay deposits, marine deposits, and cavities in igneous rock. According to the USGS, its global mine production was 7,500 kilotons in 2020 down from 8,870 kilotons in 2019 owing to the COVID-19 pandemic. China and India are the leading producers of barite.

The oil and gas application segment accounted for the largest revenue share in 2020 as barite is mainly used as a weighting agent in formulating drilling mud. Investments in new offshore exploration projects are anticipated to benefit the market growth. For instance, in January 2021, Egypt announced to invest USD 1.4 billion in exploring oil and gas at nine new sites. The country’s Ministry of Petroleum and Mineral Resources expects to drill 23 new wells across the Mediterranean and Red Sea.

The Middle East and Africa held the second-largest revenue share in 2020. Investments in oil and gas projects of the region are expected to boost the product demand. For instance, in June 2021, the Nigerian Content Development and Monitoring Board (NCDMB) approved four firms: Nishan Industries Limited, Delta Prospectors Limited, Ana Industries Limited, and Bakers Hughes Company Limited for supplying barite required for any drilling project in the Nigerian oil and gas industry.

The market is competitive with the growing interest of players in barite projects. For instance, in July 2021, Apollo Gold & Silver Corp. acquired 100% interest in the Waterloo Silver-Barite project from Pan American Minerals, Inc. The project is located in San Bernadino County California, U.S.

Barite Market Report Highlights
  • By application, the chemicals segment is anticipated to expand at the fastest CAGR of 4.6%, in terms of revenue, over the forecast period. Barite is extensively used in producing barium compounds, which are further employed in different end-use industries, such as paper, rubber, leather, ceramics, and glass
  • Barite is an excellent substitute for expensive materials used in paints and coatings. It is an excellent replacement for filler materials, such as crypton, titanium dioxide, and basofor
  • Asia Pacific is expected to register the fastest revenue-based CAGR over the forecast period. Growing investments in the exploration of oil and gas in different countries of the region are expected to augment the product demand over the forecast period
  • In 2020, the emergence of the COVID-19 pandemic had a significant impact on barite demand since oil companies were devastated by excess supply and decreased demand
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. BARITE MARKET VARIABLES, TRENDS & SCOPE

3.1. Global Barite Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Raw Material Outlook
  3.3.2. Manufacturing & Technology Outlook
3.4. Regulatory Framework
3.5. Market Dynamics
  3.5.1. Market Driver Analysis
  3.5.2. Market Restraint Analysis
  3.5.3. Industry Challenges
3.6. Porter’s Five Forces Analysis
  3.6.1. Supplier Power
  3.6.2. Buyer Power
  3.6.3. Substitution Threat
  3.6.4. Threat from New Entrant
  3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
  3.7.1. Political Landscape
  3.7.2. Economic Landscape
  3.7.3. Social Landscape
  3.7.4. Technological Landscape
  3.7.5. Environmental Landscape
  3.7.6. Legal Landscape

CHAPTER 4. BARITE MARKET: APPLICATION OUTLOOK ESTIMATES &FORECASTS

4.1. Barite Market: Application Movement Analysis, 2020 & 2028
4.2. Oil & Gas
  4.2.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
4.3. Chemicals
  4.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
4.4. Fillers
  4.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
4.5. Others
  4.5.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)

CHAPTER 5. BARITE MARKET REGIONAL OUTLOOK ESTIMATES &FORECASTS

5.1. Regional Snapshot
5.2. Barite Market: Regional Movement Analysis, 2020 & 2028
5.3. North America
  5.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
  5.3.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
  5.3.3. U.S.
    5.3.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
    5.3.3.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
  5.3.4. Canada
    5.3.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
    5.3.4.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
  5.3.5. Mexico
    5.3.5.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
    5.3.5.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.4. Europe
  5.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
  5.4.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
  5.4.3. Germany
    5.4.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
    5.4.3.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
  5.4.4. Norway
    5.4.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
    5.4.4.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
  5.4.5. Russia
    5.4.5.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
    5.4.5.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.5. Asia Pacific
  5.5.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
  5.5.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
  5.5.3. China
    5.5.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
    5.5.3.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
  5.5.4. India
    5.5.4.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
    5.5.4.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.6. Central & South America
  5.6.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
  5.6.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
  5.6.3. Brazil
    5.6.3.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
    5.6.3.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)
5.7. Middle East & Africa
  5.7.1. Market estimates and forecast, 2017 - 2028 (USD Million) (Kilotons)
  5.7.2. Market estimates and forecast, by application, 2017 - 2028 (USD Million) (Kilotons)

CHAPTER 6. COMPETITIVE ANALYSIS

6.1. Key Players & Recent Developments & Their Impact On The Industry
6.2. Company Categorization (Market Leaders, Emerging Players, Key Innovators)
6.3. Vendor Landscape
  6.3.1. List of Raw Material Suppliers, Distributors, and Other Prominent Manufacturers
  6.3.2. List of Potential Customers

CHAPTER 7. COMPANY PROFILES

7.1. Anglo Pacific Minerals Ltd.
  7.1.1. Company Overview
  7.1.2. Product Benchmarking
7.2. Ashapura Group
  7.2.1. Company Overview
  7.2.2. Financial Performance
  7.2.3. Product Benchmarking
7.3. CIMBAR Performance Minerals
  7.3.1. Company Overview
  7.3.2. Product Benchmarking
7.4. Demeter O&G Supplies Sdn Bhd
  7.4.1. Company Overview
  7.4.2. Product Benchmarking
7.5. Excalibur Minerals LLC
  7.5.1. Company Overview
  7.5.2. Financial Performance
  7.5.3. Product Benchmarking
7.6. International Earth Products LLC
  7.6.1. Company Overview
  7.6.2. Product Benchmarking
7.7. P & S Barite Mining Co., Ltd.
  7.7.1. Company Overview
  7.7.2. Product Benchmarking
7.8. PVS Chemicals
  7.8.1. Company Overview
  7.8.2. Product Benchmarking
7.9. Schlumberger Limited
  7.9.1. Company Overview
  7.9.2. Financial Performance
  7.9.3. Product Benchmarking
7.10. The Andhra Pradesh Mineral Development Corporation Ltd.
  7.10.1. Company Overview
  7.10.2. Financial Performance
  7.10.3. Product Benchmarking
7.11. Zhashui Barite Mining Co., Ltd.
  7.11.1. Company Overview
  7.11.2. Financial Performance
  7.11.3. Product Benchmarking

LIST OF TABLES

Table 1 Barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 2 Barite market estimates and forecasts, by oil & gas, 2017 - 2028 (USD Million) (Kilotons)
Table 3 Barite market estimates and forecasts, by chemicals, 2017 - 2028 (USD Million) (Kilotons)
Table 4 Barite market estimates and forecasts, by fillers, 2017 - 2028 (USD Million) (Kilotons)
Table 5 Barite market estimates and forecasts, by other applications, 2017 - 2028 (USD Million) (Kilotons)
Table 6 North America barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 7 North America barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 8 North America barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 9 U.S. barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 10 U.S. barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 11 U.S. barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 12 Canada barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 13 Canada barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 14 Canada barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 15 Mexico barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 16 Mexico barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 17 Mexico barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 18 Europe barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 19 Europe barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 20 Europe barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 21 Germany barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 22 Germany barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 23 Germany barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 24 Norway barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 25 Norway barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 26 Norway barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 27 Russia barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 28 Russia barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 29 Russia barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 30 Asia Pacific barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 31 Asia Pacific barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 32 Asia Pacific barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 33 China barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 34 China barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 35 China barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 36 India barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 37 India barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 38 India barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 39 Central & South America barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 40 Central & South America barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 41 Central & South America barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 42 Brazil barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 43 Brazil barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 44 Brazil barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)
Table 45 Middle East & Africa barite market estimates and forecasts, 2017 - 2028 (USD Million) (Kilotons)
Table 46 Middle East & Africa barite market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 47 Middle East & Africa barite market estimates and forecasts, by application, 2017 - 2028 (Kilotons)

LIST OF FIGURES

Fig. 1 Barite market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Barite market - Segmental outlook
Fig. 7 Barite market, 2017 - 2028 (USD Million) (Kilotons)
Fig. 8 Penetration & growth prospect mapping
Fig. 9 Barite market - Value chain analysis
Fig. 10 Market driver analysis
Fig. 11 Market restraint analysis
Fig. 12 Barite market: Application movement analysis, 2020 & 2028 (%) (USD Million)
Fig. 13 Barite market: Regional snapshot
Fig. 14 Barite market: Regional movement analysis, 2020 & 2028 (%) (USD Million)


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