Global Barite Market Share by Grade segment –
Upto grade 3.9 barite market shall witness CAGR near to 3% in the forecast duration. It is a lower grade barite and is produced in equal ratio of barite and alternative weighing materials such as hematite and ilmenite.
Grade 4.2 market is expected to register a CAGR of approximately 4% during forecast period, as it has widespread usage in oil & drilling industry on account of its superior rheological properties, that makes it highly desirable for weighing agent. These are exceptional quality grades, which are found below earth surface. Grade 4.2 shall witness a sluggish growth rate over the next few years as oil & drilling industry players are increasingly preferring grade 4.1 due to similar traits and cost effectiveness compared to the former. This rising popularity of grade 4.1 is also owing to rising transportation problems pertaining to grade 4.2.
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Global Barite Market Industry Share by Color segment –
Grey barite market is likely to attain a CAGR close to 4% due to its prevailing demand in oil & gas industry. It cools the drill & eventually suspends the rock particles by raising hydrostatic pressure that nullifies high-pressure areas experienced while drilling. White and off-white barite is likely to experience augmented demand as it finds various applications in cosmetics, paints & coating and rubber industry.
Barite Market Trends in Asia Pacific region –
Sturdy growth in paints & coatings industry owing to rapid industrialization and urbanization in Asia Pacific will propel barite market size by 2024. White & off-white barite is majorly used to prepare pigments in the paints industry. Rapidly growing construction industry primarily in China and India due to mounting population and improving socio-economic factors will be driving paints & coatings demand across end user business such as automobile.
Huge population in APAC coupled with amplified consumer spending pattern is a major factor responsible for automobile industry growth which will eventually drive the rubber industry during the forecast timespan. This trend shall positively influence the plastics & rubber division of barite market over the forecast duration.
In addition, positive growth indicators in the pharmaceuticals industry primarily in Asia Pacific will complement barite market size by 2024, owing to improving healthcare standards and rising geriatric population. This is due to widespread product applications in diagnosis and as fillers in plasters.
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Barite Market Outlook in the United States –
Rapidly growing oil & gas industry primarily in the U.S. owing to excess availability of shale reserves along with changing industry dynamics to increase dependency on alternative energy sources has pushed barite market size in the past few years. This is prospective to continue owing to strong need to meet energy demand in several industries including transportation, power, etc. which will subsequently generate ample growth avenues for barite market size by 2024.
Furthermore, continuous expansions in oil & drilling industry on account of the U.S. shale oil boom is likely to make remarkable contribution for barite market during forecast time spell. North America shall experience CAGR of around 4.5% during the forecast timeframe.
Global Barite Market Companies –
Key market share contributors operational in barite market are Halliburton, Spectrum Chemical Mfg. Corp., Excalibar Minerals, New Riverside Ochre, Barium & Chemicals Inc., Deutsche Baryt Industrie and Ashapura Group of Industries.
Browse key industry insights spread across 172 pages with 219 market data tables & 14 figures & charts from the report, “Barite Market Size By Grade (Upto Grade 3.9, Grade 4.0, Grade 4.1, Grade 4.2, Grade 4.3, Grades Above 4.3), By Color (White & off white, Grey, Brown), By Application (Oil & Drilling, Paints & Coatings, Pharmaceuticals, Rubber & Plastics, Textiles, Adhesives), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
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Table of Contents (ToC) of the Barite Market Report:
Barite Market Analysis By Charts & Figures
FIG. 1 Industry segmentation
FIG. 2 Global barite market, (Volume & Revenue), 2013 – 2024
FIG. 3 Industry ecosystem analysis
FIG. 4 U.S. shale oil size, 2013 – 2024 (USD Trillion)
FIG. 5 Asia Pacific paints & coatings industry, 2013 – 2024 (USD Billion)
FIG. 6 Growth potential analysis
FIG. 7 Porter’s analysis
FIG. 8 Company market share analysis, 2016
FIG. 9 PESTEL analysis
FIG. 10 Regional price trends
FIG. 11 Global barite market volume share by grade, 2016 & 2024
FIG. 12 Global barite market volume share by color, 2016 & 2024
FIG. 13 Global barite market volume share by application, 2016 & 2024
FIG. 14 Global barite market volume share by region, 2016 & 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/barite-market
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