Global Barite Market Outlook to 2027
Barite, commonly known as heavy spar, is a mineral with the chemical formula BaSO4 that occurs in white, yellow, or colorless tabular crystals. According to BlueQuark Research & Consulting, the global Barite market is expected to witness a significant growth rate during the forecasted period. Barite is in demand by the oil and gas industries as a weighing agent in the drilling of the mud that prevents explosive releases of oil and gas because it possesses exceptional physical and chemical properties like high specific gravity, inertness, low solubility, and magnetic neutrality is estimated to drive the global Barite market. Further, the Paint and Coatings industry uses Barite as an alternative to expensive fillers like Basofor, Crypton, Titanium dioxide, and Monox because it regulates the thickness of paints and increases their stability, as well as imparting more brightness to the color and its high resistance to acids, alkalis, and high bulk density, which makes it all the more useful is expected to drive the global Barite market. Furthermore, Barite is the most common ore of barium, and the chemical industry uses it to make chemicals that are used by a variety of other sectors, such as barium carbonate for the leather industry, barium oxide for glaze and ceramic polishing, and barium hydroxide for the purification and preparation of molasses from sugar is projected to drive the global Barite market. However, the global Barite market is expected to be hampered by the availability of close alternatives such as celestite and iron ore, inhalation of high dust concentrationscause mechanical irritation and pain of the respiratory system, and stringent regulatory requirements.
Barite has a gentle and mild effect on the skin, making it a popular choice for manufacturing cosmetics, used for plastics as it improves abrasive strength, stiffness, and intensity, making them stronger and more attractive. The automobile industry uses it for sound-deadening materials, brake linings, and barites powders are added to improve the whiteness of the paper and also increase the percentage of coverage to give a pure white look.
The oil and gas industry is the vital consumer of Barite and is expected to drive the global Barite market. Barite's use for drilling the mud is due to its high specific gravity, the simplicity of its use during working, neutrality in terms of chemical composition, and the mineral's softness, protecting it from harming drilling instruments and allowing it to act as a lubricant, the demand for Barite is bound to rise. This is primarily because, in deep drilling for oil and gas using a rotary method in regions where the pressure of gas or liquid is low, a heavy product is necessary for catheterization, limiting the removal of materials and controlling the pressure. According to Halliburton, an offshore drilling business, itsdrilling and evaluation revenue in the third quarter of 2021 was USD 1.7 billion, up USD 65 million, or 4%, from the second quarter, while operating income was USD 186 million, up USD 11 million, or 6%, from the second quarter. In addition to this, Barite is critical for drilling still, it is a small percentage of any drilling project's total cost, which includes all stages from the initiation of a well's drilling to its completion, signifying its suitability in terms of price.
Some of the market's key players areAnglo Pacific Minerals Ltd.,Pands Group,Milwhite Inc.,International Earth Products LLC,Newpark Resources Inc.,Cimbar Performance Minerals, andSchlumberger Limited, among others.
The United States is a considerable Barite producer, typically the world's largest consumer, and a significant trading partner for most of the world's top Barite producers. However, in 2020, several of its domestic Barite mining and processing facilities were shut down, with only one business mining Barite in Nevada. The majority of Nevada crude Barite was sold to companies drilling in the Central and Western United States. Most offshore drilling in the Gulf of Mexico and onshore drilling operations in other regions relied significantly on imported barite due to the higher cost of rail and truck transportation than the ocean freight. The United States' import of Barite from India accounted for 19.41% of the share, whereas the Middle East region acquired more than 50%. Furthermore, the Middle East accounts for 31.3% of the world's oil output, with 27.7 million barrels per day. The region holds the majority of OPEC's oil reserves, which amounted to 113.2 billion metric tons in 2020. Due to the factors discussed above, the Middle East and Africa region is projectedto surpassthe United States and dominate the global market.
In April 2021, CIMBAR Performance Minerals, a major supplier of barium sulfate, talc, alumina trihydrate (ATH), magnesium hydroxide, and post-consumer mineral-based fillers, expanded its business in Corpus Christi, Texas.
In October 2021, the Federal Government of Nigeria launched the made-in-Nigeria Barite, saying it would save the country the foreign exchange spent on the importation of the product.
Global Barite Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Barite by segmenting based on the Form (Lumps, Powder), Deposit type (Vein, Residual, Bedded, Cavity Fillings), Grade (Up to Grade 3.9, Grade 4.0, Grade 4.1, Grade 4.2, Grade 4.3, above 4.3), End-User Industry (Oil and Gas, Paints and Coatings, Chemicals, Pharmaceuticals, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Barite has a gentle and mild effect on the skin, making it a popular choice for manufacturing cosmetics, used for plastics as it improves abrasive strength, stiffness, and intensity, making them stronger and more attractive. The automobile industry uses it for sound-deadening materials, brake linings, and barites powders are added to improve the whiteness of the paper and also increase the percentage of coverage to give a pure white look.
The oil and gas industry is the vital consumer of Barite and is expected to drive the global Barite market. Barite's use for drilling the mud is due to its high specific gravity, the simplicity of its use during working, neutrality in terms of chemical composition, and the mineral's softness, protecting it from harming drilling instruments and allowing it to act as a lubricant, the demand for Barite is bound to rise. This is primarily because, in deep drilling for oil and gas using a rotary method in regions where the pressure of gas or liquid is low, a heavy product is necessary for catheterization, limiting the removal of materials and controlling the pressure. According to Halliburton, an offshore drilling business, itsdrilling and evaluation revenue in the third quarter of 2021 was USD 1.7 billion, up USD 65 million, or 4%, from the second quarter, while operating income was USD 186 million, up USD 11 million, or 6%, from the second quarter. In addition to this, Barite is critical for drilling still, it is a small percentage of any drilling project's total cost, which includes all stages from the initiation of a well's drilling to its completion, signifying its suitability in terms of price.
Some of the market's key players areAnglo Pacific Minerals Ltd.,Pands Group,Milwhite Inc.,International Earth Products LLC,Newpark Resources Inc.,Cimbar Performance Minerals, andSchlumberger Limited, among others.
The United States is a considerable Barite producer, typically the world's largest consumer, and a significant trading partner for most of the world's top Barite producers. However, in 2020, several of its domestic Barite mining and processing facilities were shut down, with only one business mining Barite in Nevada. The majority of Nevada crude Barite was sold to companies drilling in the Central and Western United States. Most offshore drilling in the Gulf of Mexico and onshore drilling operations in other regions relied significantly on imported barite due to the higher cost of rail and truck transportation than the ocean freight. The United States' import of Barite from India accounted for 19.41% of the share, whereas the Middle East region acquired more than 50%. Furthermore, the Middle East accounts for 31.3% of the world's oil output, with 27.7 million barrels per day. The region holds the majority of OPEC's oil reserves, which amounted to 113.2 billion metric tons in 2020. Due to the factors discussed above, the Middle East and Africa region is projectedto surpassthe United States and dominate the global market.
In April 2021, CIMBAR Performance Minerals, a major supplier of barium sulfate, talc, alumina trihydrate (ATH), magnesium hydroxide, and post-consumer mineral-based fillers, expanded its business in Corpus Christi, Texas.
In October 2021, the Federal Government of Nigeria launched the made-in-Nigeria Barite, saying it would save the country the foreign exchange spent on the importation of the product.
Global Barite Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Barite by segmenting based on the Form (Lumps, Powder), Deposit type (Vein, Residual, Bedded, Cavity Fillings), Grade (Up to Grade 3.9, Grade 4.0, Grade 4.1, Grade 4.2, Grade 4.3, above 4.3), End-User Industry (Oil and Gas, Paints and Coatings, Chemicals, Pharmaceuticals, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 South America
6.3.1 Brazil
6.3.2 Argentina
6.3.3 Rest of South America
6.4 Asia-Pacific
6.4.1 China
6.4.2 India
6.4.3 Japan
6.4.4 South Korea
6.4.5 Rest of Asia-Pacific
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
Anglo Pacific Minerals Ltd.
7.2 Pands Group
7.3 Milwhite Inc.
7.4 International Earth Products LLC
7.5 Newpark Resources Inc.
7.6 Cimbar Performance Minerals
7.7 Schlumberger Limited
7.8 Alcor Minerals
7.9 Sachtleben Minerals GmbH and Co.
KG
7.10 New Riverside Ochre
7.11 Abhirama Pulapathuri Group
7.12 Sojitz Corporation
7.13 Ashapura Group
7.14 Vietnam MRB Co. Ltd.
7.15 Excalibar Industrial Minerals
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of
Notable Players in the Market
8.2 M&A,
JV, and Agreements
8.3 Market
Share Analysis
8.4 Strategies
of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1
Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Analysis
3.7 Price Trend Analysis
3.8 Supply Analysis
3.9 Regulatory Policies
3.10 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Form
5.1.1 Lumps
5.1.2 Powder
5.2 By Deposit type
5.2.1 Vein
5.2.2 Residual
5.2.3
Bedded
5.2.4 Cavity
Fillings
5.3 By Grade
5.3.1 Up to Grade
3.9
5.3.2 Grade 4.0
5.3.3 Grade 4.1
5.3.4 Grade 4.2
5.3.5 Grade 4.3
5.3.6 Above Grade
4.3
5.4 By End-User Industry
5.4.1 Oil and Gas
5.4.2
Paints and Coatings
5.4.3 Chemical
5.4.4 Pharmaceuticals
5.4.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 South America
6.3.1 Brazil
6.3.2 Argentina
6.3.3 Rest of South America
6.4 Asia-Pacific
6.4.1 China
6.4.2 India
6.4.3 Japan
6.4.4 South Korea
6.4.5 Rest of Asia-Pacific
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
Anglo Pacific Minerals Ltd.
7.2 Pands Group
7.3 Milwhite Inc.
7.4 International Earth Products LLC
7.5 Newpark Resources Inc.
7.6 Cimbar Performance Minerals
7.7 Schlumberger Limited
7.8 Alcor Minerals
7.9 Sachtleben Minerals GmbH and Co.
KG
7.10 New Riverside Ochre
7.11 Abhirama Pulapathuri Group
7.12 Sojitz Corporation
7.13 Ashapura Group
7.14 Vietnam MRB Co. Ltd.
7.15 Excalibar Industrial Minerals
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of
Notable Players in the Market
8.2 M&A,
JV, and Agreements
8.3 Market
Share Analysis
8.4 Strategies
of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
North America Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
United States Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Canada Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Mexico Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Europe Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
United Kingdom Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Germany Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Other Supporting Charts
Italy Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
France Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Spain Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Europe Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South America Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Brazil Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Argentina Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of South America Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Asia-Pacific Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
China Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
India Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Japan Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Korea Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
ASEAN Countries Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Asia-Pacific Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Middle East & Africa Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Saudi Arabia Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Africa Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Middle-East & Africa Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Oil and Gas - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Paints and Coatings - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Chemical - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Pharmaceuticals - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Others - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Global Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
North America Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
United States Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Canada Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Mexico Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Europe Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
United Kingdom Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Germany Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Other Supporting Charts
Italy Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
France Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Spain Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Europe Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South America Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Brazil Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Argentina Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of South America Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Asia-Pacific Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
China Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
India Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Japan Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Korea Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
ASEAN Countries Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Asia-Pacific Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Middle East & Africa Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Saudi Arabia Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
South Africa Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Rest of Middle-East & Africa Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Oil and Gas - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Paints and Coatings - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Chemical - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Pharmaceuticals - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
Others - Barite Market Size, Market Growth & Market Forecast Volume(in Kilo ton), 2017-2027
