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Barite is a mineral composed of barium sulfate (BaSO4). It receives its name from the Greek word "barys" which means "heavy." This name is in response to barite's high specific gravity, which is exceptional for a nonmetallic mineral. The high specific gravity of barite makes it suitable for a wide range of industrial, medical, and manufacturing uses. Barite also serves as the principal ore of barium.
Scope of the Report:
Barite is an important mine resource, which is mainly used in drilling industry (Rig). Barite reserve is distributed in China, India and Morocco. China is a leading barite resource distribution region and barite production region. In China, barite resource is distributed in Guizhou, Guangxi and Yunnan province. China has many barite suppliers and market concentration is low. India own the second largest barite resource. In India, Andhra Pradesh Mineral Development is a leading company.
Barite have many different applications, including drilling industry (rig), medical industry, rubber & plastics, pulps and papers, paints and coatings and cosmetic industry. Drilling industry (rig) is the largest consumption field. During 2012-2016, drilling industry (rig) consumed barite varied from 8264.1 K MT in 2012 to 6107.8 K MT in 2016, with an average decrease rate of 7.28%. Affected by oil & gas industry, drilling industry consumed barite tend to decrease.
Global major production regions are China and India. In 2016, China produced 2771.1 K MT barite and India produced 1101.6 K MT. China and India are two major exporting countries. Meanwhile, USA is a major importing region. In 2016, USA consumed 1450.3 K MT, which have produced only 422.6 K MT. During 2012- 2016, USA consumption decreased from 3430.3 K MT in 2012 to 1450.3 K MT in 2016, which have great impaction on global total consumption.
During past five years, global total consumption decreased from 9220.3 K MT in 2012 to 6882.6 K MT in 2017, with an average decreased rate of 5.68%. Barite price increased firstly from 69 USD/MT in 2012 to 74 USD/MT in 2013, and then decreased in 2013. Since 2014, barite price kept increasing. Currently, barite average price is about 77 USD/MT.
In the future, we predict that global consumption will keep decreasing. By 2023, global consumption will be 6338 K MT. Barite price will increase to 86 USD/MT by 2023.
The worldwide market for Barite Products is expected to grow at a CAGR of roughly 0.9% over the next five years, will reach 560 million US$ in 2024, from 530 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Barite Products in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- Excalibar Minerals
- Milwhite
- Andhra Pradesh Mineral Development
- Halliburton(Hughes)
- SinoBarite
- Baser Mining
- Corpomin
- Guizhou Toli
- China Zhashui Heqi Barite Mining
- Yunnan Judu Minerals
- Haiwo Minerals
- Hubei Chuangyuan Minerals
- Red Star
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Up to Grade 3.9
- Grade 4.0
- Grade 4.1
- Grade 4.2
- Grade 4.3
- Grade above 4.3
Market Segment by Applications, can be divided into
- Drilling Industry (Rig)
- Medical Industry
- Rubber & Plastics
- Pulps and Papers
- Paints and Coatings
- Cosmetic Industry
- Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Barite Products product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Barite Products, with price, sales, revenue and global market share of Barite Products in 2017 and 2018.
Chapter 3, the Barite Products competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Barite Products breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Barite Products market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Barite Products sales channel, distributors, customers, research findings and conclusion, appendix and data source.