Transparency
Market Research Reports included a detailed market survey and analysis trends
on “Barite Market”. This
report also includes more info about basic overview of the industry including
definitions, applications and global market industry structure.
Barite also known as
barite or barium sulfate is among the abundantly available minerals. The
mineral is available in various colors and is available as transparent or
opaque and is crystalline in nature. Barite deposits can be bifurcated into
three major types namely vein & cavity fillings, residual and bedded.
Vein & cavity
fillings generally comprise of barite deposited from hydrothermal fluids, deep
seated brines. Mining barite from vein & cavity fillings is a complex and
an expensive procedure and it is predominantly extracted as a byproduct during
the mining of other materials such as lead or zinc. Residual barite is
generally available in form of loose fragments in residual clay. The fragments
and clay are formed by weathering of rocks such as dolomite. Bedded barite is
available in form of sedimentary rocks either as the primary mineral or as a
cementing agent.
Over 80% of the global
barite production is employed for mud drilling in the oil & gas industry
and the trend is anticipated to continue during the forecast period. Other
major applications for barite include chemical, paint, plastics, automotives
and rubber among several others. Automotives application segment is expected to
be the fastest growing application segment during the forecast period.
Increasing demand for oil leading to increased drilling activities in the oil industry is among the foremost driver for barite market. Barite is used in brake, clutch pads and as a paint primer to metals and for several other automotive applications. On account of which, growth in automotive industry is anticipated to drive demand for barite in the near future. Moreover, surge in construction activities leading to increased demand for paint is among other major factors driving demand for barite. Increasing research and development activities to increase the application scope of barite is anticipated to offer huge growth opportunity in the market.
Asia Pacific dominates the global supply and demand for barite and the trend is anticipated to continue for a foreseeable future. China followed by India is among the leading producers of barite. China and India are among the foremost emerging economies in the world and their huge working population has led to availability of cheap labor in these countries. Moreover, being the largest countries in terms of population, China and India are also among the largest customer base for barite. Therefore, Asia Pacific is anticipated to be the fastest growing region during the forecast period.
North America is the second largest producer and consumer for barite. Demand for barite in the developed economies of North America and Europe is anticipated to grow at a sluggish rate primarily owing to market saturation in several end user industries. Moreover, increasing demand for automotive and paint applications is expected to drive the demand for barite in North America and Europe. Developing economies in South America and Africa are anticipated to offer huge growth opportunity in the market.
Barite market is characterized by high degree of competition as the resources are abundantly available, major producers compete on the basis of price. Moreover, players also compete on product differentiation by providing customized solutions as per the end user industry. Major players in the barite market include Excalibar Minerals LLC, Mil-Spec Industries Corp, Seaforth Mineral & Ore Co., Inc, International Earth Products LLC and Milwhite, Inc. among others.
Increasing demand for oil leading to increased drilling activities in the oil industry is among the foremost driver for barite market. Barite is used in brake, clutch pads and as a paint primer to metals and for several other automotive applications. On account of which, growth in automotive industry is anticipated to drive demand for barite in the near future. Moreover, surge in construction activities leading to increased demand for paint is among other major factors driving demand for barite. Increasing research and development activities to increase the application scope of barite is anticipated to offer huge growth opportunity in the market.
Asia Pacific dominates the global supply and demand for barite and the trend is anticipated to continue for a foreseeable future. China followed by India is among the leading producers of barite. China and India are among the foremost emerging economies in the world and their huge working population has led to availability of cheap labor in these countries. Moreover, being the largest countries in terms of population, China and India are also among the largest customer base for barite. Therefore, Asia Pacific is anticipated to be the fastest growing region during the forecast period.
North America is the second largest producer and consumer for barite. Demand for barite in the developed economies of North America and Europe is anticipated to grow at a sluggish rate primarily owing to market saturation in several end user industries. Moreover, increasing demand for automotive and paint applications is expected to drive the demand for barite in North America and Europe. Developing economies in South America and Africa are anticipated to offer huge growth opportunity in the market.
Barite market is characterized by high degree of competition as the resources are abundantly available, major producers compete on the basis of price. Moreover, players also compete on product differentiation by providing customized solutions as per the end user industry. Major players in the barite market include Excalibar Minerals LLC, Mil-Spec Industries Corp, Seaforth Mineral & Ore Co., Inc, International Earth Products LLC and Milwhite, Inc. among others.
More Report on Energy
and Mining Market: http://www.transparencymarketresearch.com/energy-market-reports-3.html
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast
assessed on the basis of how the market is predicted to grow
·
It helps in making informed business
decisions by having complete insights of market and by making in-depth analysis
of market segments.
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