AP NEWS

Global Barite Market Analysis & Forecast to 2023: Expected to Register a CAGR of 5.46% - ResearchAndMarkets.com

December 6, 2018

DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Global Barite Market - by Type, Grade, Deposits, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)” report has been added to ResearchAndMarkets.com’s offering.

The global barite market will reach 1.94 billion USD by 2023 from 1.41 billion USD in 2017 with a CAGR of 5.46% during the period.

Increase in production of oil and gas is the key factor driving the barite market. The market is further boosted by the factors such as increasing demand in other applications such as textiles, paper and paints. On the other hand, availability of large number of substitutes for barite is likely to hamper the market.

Asia-Pacific will grow at a significant rate due to increasing consumption in oil & gas, paints and plastics industries. North America will also hold major share in the market due to increasing demand for paints, automotive, plastics and oil & gas industries. Consumption of barite is also high in Middle East & Africa owing to the presence of large reserves of crude oil in the region.

Industry Trends and Updates

CIMBAR Performance Minerals completed USD 6 million upgrades in its two plants located in Houston, Texas and Wellsville, Ohio. The upgrade and expansion of these ISO certified facilities resulted in an overall increase in production capacity up with 400,000 tons annually. Companies ProfiledExcalibar MineralsMilwhiteInternational Earth ProductsSeaforth Mineral & OreAshapura GroupKaomin IndustriesMil-spec IndustriesPark Metals & MineralsCIMBARDesku GroupSpectrum ChemicalHalliburtonDeutsche BarytNew Riverside OchreAnglo Pacific Mineralsand more...

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Barite Market Segmentation, Forecasts and Trends - by Type

6. Global Barite Market Segmentation, Forecasts and Trends - by Grade

7. Global Barite Market Segmentation, Forecasts and Trends - by Deposits

8. Global Barite Market Segmentation, Forecasts and Trends - by Application

9. Global Barite Market Segmentation, Forecasts and Trends - by Region

10. Company Market Share Analysis

11. Company Profiles

12. Industry Structure

13. Global Barite Market - The Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/5mv49t/global_barite?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005574/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Metals and Minerals

KEYWORD:

INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/06/2018 10:20 AM/DISC: 12/06/2018 10:20 AM

http://www.businesswire.com/news/home/20181206005574/en

AP RADIO
Update hourly