BARITE MARKET BY GRADE, COLOR, END-USE INDUSTRY, AND REGION - INSIGHTS, SIZE, SHARE, OPPORTUNITY ANALYSIS, AND INDUSTRY FORECAST TILL 2025 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Barite Market Overview Baryte or barite is a white or colorless mineral and is a major source of barium. The barite group consists of anhydrite, baryte, celestine, and anglestite. Barite can be commonly found in the lead-zinc veins in limestones and are deposited through wide range of processes including, evaporation, hydrothermal, and biogenic, among others. It is an industrial mineral that contains 34.3% sulfate and 65.7% barium oxide when in pure form. The properties such as low solubility, high density, chemical inertness, and low cost makes barite an essential industrial mineral, with high demand in the oil and gas, paint and coatings, and pharmaceutical industries. Growing demand for oil and gas throughout the globe is the major factor driving growth of the global barite market. Oil and gas accounts for the largest user of barite, owing to its property as a weighing agent for drilling fluids. Growing demand for oil and gas in the emerging economies so as to become energy sufficient, is fueling growth of the oil and gas industry, in turn, augmenting demand for barite. According to the International Energy, the global energy demand is set to increase from 268 mboe/d in 2013 to 399 mboe/d by 2040. Moreover, increasing demand for barite in the paints and coating and pharmaceutical industries, is further expected to fuel growth of the barite market. Furthermore, the low oil absorption and high brightness of barite makes it desirable to be used in the pigments of paints and coatings for automobiles and consumer goods. Hence, the growing automobile industry also contributes to growth of the global barite market. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Barite Market Overview According to the Organization Internationale des Constructeurs d’Automobiles (OICA), the automotive industry has witnessed a growth of 4.5% during 2015-2016. However, the limited presence of barite throughout the globe and high costs associated with its transportation pose as major restraints to growth of the global barite market. 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. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Global Barite Market Share, By End-Use Industry, 2016 Request sample copy of report@ https://www.coherentmarketinsights.com/insight/requestsample/912 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Major Players in the Global Barite Market: Some of the major players in the market are Seaforth Mineral & Ore Co. Inc., CIMBAR Performance Minerals, Shijiazhuang Oushun Mineral Products Company Limited, Excalibar Minerals LLC, Shanghai Titanos Industry Company Limited. International Earth Products LLC. Spectrum Chemical Manufacturing Corporation, Anglo Pacific Minerals, and Desku Group Inc, To know the latest trends and insights prevalent in the barite market, click the link below https://www.coherentmarketinsights.com/market-insight/barite-market-912 © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES INDUSTRY ANALYSIS CUSTOMIZED RESEARCH MARKET INTELLIGENCE SERVICES CONSULT STUDIES © Coherent market Insights. 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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
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