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Barite Market Size, Share & Trends Analysis Report by Application (Fillers, Oil & Gas, Chemicals, Fillers), Region (North America, Europe, Asia Pacific), and Segment Forecasts, 2024-2030

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    Report

  • 89 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5463588
Description Jump to:
The global barite market size is expected to reach USD 2.13 billion by 2030, expanding at a CAGR of 5.1% from 2024 to 2030, according to the report. The market is projected to be driven by the growing investments in the oil & gas sector and rising demand from industries, such as paints & coating, chemicals, cosmetics, plastics, cement, and rubber. The flourishing oil & gas industry directly fuels the demand for barite, which finds use as a weighting agent in drilling mud formulations. Energy demand worldwide has increased abruptly owing to the growing global population. The rising population has led governments to invest increasingly in enhancing their energy generation capacity, which in turn, is boosting investments in onshore and offshore oil & gas exploration activities to cater to the growing global energy demand. A rise in drilling activities is eventually expected to augment barite consumption.

Furthermore, the product is also used in medical applications, power plants, laboratories, and pharmaceutical units. It is used in special X-ray tests wherein it acts as a shielding material. It is also employed for carrying out different medical tests, such as CT scans. Growing expenditure on healthcare is expected to positively influence market growth. For instance, the U.S. healthcare expenditure rose by around 30% from 2017 to 2022.Market players are adopting strategic initiatives, such as mergers & acquisitions, to expand their presence and capacity. To meet the new rising demand, key players are focusing on R&D for innovations, technologies, and recognition. For instance, in October 2021, The Nigerian Ministry of Mines and Steel Development introduced made-in-Nigeria barite. The product remains largely untapped in the region, and its production will save the country from importing it and also put Nigeria on the radar of the global mining communities

Barite Market Report Highlights

  • Based on application, the chemicals segment is expected to grow at the fastest CAGR of 5.4%, in terms of revenue, over the forecast period. The growth is attributed to its unique properties that include low oil absorption, chemical inertness, and insolubility
  • The oil & gas segment accounted for the largest revenue share of over 76.0% in 2023. Barite is used as a weighting agent in fluids for drilling mud
  • North America dominated the market with a revenue share of more than 40.0% in 2023. Growing investments in oil & gas exploration activities in the U.S. are propelling product demand
  • Middle East & Africa is expected to register a CAGR of 4.3%, in terms of revenue, over the forecast period. It is one of the key oil & gas producers in the world, which makes barite demand high in the region

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Outlook
3.2. Value Chain Analysis
3.2.1. Sales Channel Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Opportunity Analysis
3.5.4. Market Challenges
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of Substitution
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
3.7.1. Political
3.7.2. Economic
3.7.3. Social Landscape
3.7.4. Technology
3.7.5. Environmental
3.7.6. Legal
3.8. Import Export Data, 2017-2021
Chapter 4. Barite Market: Application Estimates & Trend Analysis
4.1. Barite Market: Application Movement Analysis, 2023 & 2030
4.2. Oil & Gas
4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.3. Chemicals
4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.4. Fillers
4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.5. Others
4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Barite Market: Regional Estimates & Trend Analysis
5.1. Regional Analysis, 2023 & 2030
5.2. North America
5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.2.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.2.3. U.S.
5.2.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.2.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.2.4. Canada
5.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.2.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.2.5. Mexico
5.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.2.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.3. Europe
5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.3.3. Germany
5.3.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.3.4. UK
5.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.3.5. Russia
5.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.3.6. Turkey
5.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3.6.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4. Asia Pacific
5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4.3. China
5.4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4.4. India
5.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4.5. Japan
5.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.4.6. South Korea
5.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4.6.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.5. Central & South America
5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.5.3. Brazil
5.5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.5.4. Colombia
5.5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.5.5. Argentina
5.5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5.5.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.5.6. Venezuela
5.5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5.6.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.6. Middle East & Africa
5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.6.3. Saudi Arabia
5.6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6.3.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
5.6.4. Morocco
5.6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6.4.2. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Kraljic Matrix
6.3. Company Categorization
6.4. Heat Map Analysis
6.5. Vendor Landscape
6.5.1. List of equipment suppliers
6.5.2. List of distributors
6.5.3. List of prospective end-users
6.6. Strategy Mapping
6.7. Company Profiles/Listing
6.7.1. Anglo Pacific Minerals Ltd.
6.7.1.1. Company Overview
6.7.1.2. Financial Performance
6.7.1.3. Product Benchmarking
6.7.2. Ashapura Group
6.7.2.1. Company Overview
6.7.2.2. Financial Performance
6.7.2.3. Product Benchmarking
6.7.3. CIMBAR Performance Minerals
6.7.3.1. Company Overview
6.7.3.2. Product Benchmarking
6.7.4. Demeter O&G Supplies Sdn Bhd
6.7.4.1. Company Overview
6.7.4.2. Product Benchmarking
6.7.5. Excalibur Minerals Corp.
6.7.5.1. Company Overview
6.7.5.2. Financial Performance
6.7.5.3. Product Benchmarking
6.7.6. Internaional Earth Products LLC
6.7.6.1. Company Overview
6.7.6.2. Financial Performance
6.7.6.3. Product Benchmarking
6.7.7. P & S Barite Mining Co., Ltd
6.7.7.1. Company Overview
6.7.7.2. Financial Performance
6.7.7.3. Product Benchmarking
6.7.8. PVS Chemicals
6.7.8.1. Company Overview
6.7.8.2. Financial Performance
6.7.8.3. Product Benchmarking
6.7.9. SLB
6.7.9.1. Company Overview
6.7.9.2. Financial Performance
6.7.9.3. Product Benchmarking
6.7.10. The Andhra Pradesh Mineral Development Corporation Ltd
6.7.10.1. Company Overview
6.7.10.2. Financial Performance
6.7.10.3. Product Benchmarking
List of Tables
Table 1 Barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 2 Barite market estimates and forecasts, by oil & gas, 2018 - 2030 (USD Million) (Kilotons)
Table 3 Barite market estimates and forecasts, by chemicals, 2018 - 2030 (USD Million) (Kilotons)
Table 4 Barite market estimates and forecasts, by fillers, 2018 - 2030 (USD Million) (Kilotons)
Table 5 Barite market estimates and forecasts, by others, 2018 - 2030 (USD Million) (Kilotons)
Table 6 North America barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 7 North America barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 8 North America barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 9 U.S. barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 10 U.S. barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 11 U.S. barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 12 Canada barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 13 Canada barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 14 Canada barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 15 Mexico barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 16 Mexico barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 17 Mexico barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 18 Europe barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 19 Europe barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 20 Europe barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 21 Germany barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 22 Germany barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 23 Germany barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 24 UK barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 25 UK barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 26 UK barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 27 Russia barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 28 Russia barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 29 Russia barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 30 Turkey barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 31 Turkey barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 32 Turkey barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 33 Asia Pacific barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 34 Asia Pacific barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 35 Asia Pacific barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 36 China barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 37 China barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 38 China barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 39 India barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 40 India barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 41 India barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 42 Japan barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 43 Japan barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 44 Japan barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 45 South Korea barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 46 South Korea barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 47 South Korea barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 48 Central & South America barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 49 Central & South America barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 50 Central & South America barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 51 Brazil barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 52 Brazil barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 53 Brazil barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 54 Colombia barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 55 Colombia barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 56 Colombia barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 57 Argentina barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 58 Argentina barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 59 Argentina barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 60 Venezuela barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 61 Venezuela barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 62 Venezuela barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 63 Middle East & Africa barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 64 Middle East & Africa barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 65 Middle East & Africa barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 66 Saudi Arabia barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 67 Saudi Arabia barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 68 Saudi Arabia barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
Table 69 Morocco barite market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 70 Morocco barite market estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 71 Morocco barite market estimates & forecasts, by application, 2018 - 2030 (Kilotons)
List of Figures
Fig. 1 Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Market Snapshot
Fig. 6 Segmental Outlook -Application
Fig. 7 Competitive Outlook
Fig. 8 Global Barite Market, 2018-2030 (USD Million) (Kilotons)
Fig. 9 Value Chain Analysis
Fig. 10 Market Dynamics
Fig. 11 Porter’s Analysis
Fig. 12 PESTEL Analysis
Fig. 13 Barite Market, By Application: Key Takeaways
Fig. 14 Barite Market, By Application: Market Share, 2023 & 2030
Fig. 15 Barite Market: Regional Analysis, 2023
Fig. 16 Barite Market, By Region: Key Takeaways
Fig. 17 Kraljic Matrix

Companies Profiled

  • Anglo Pacific Minerals Ltd.
  • Ashapura Group
  • CIMBAR Performance Minerals
  • Demeter O&G Supplies Sdn Bhd
  • Excalibur Minerals Corp.
  • Internaional Earth Products LLC
  • P & S Barite Mining Co., Ltd
  • PVS Chemicals
  • SLB
  • The Andhra Pradesh Mineral Development Corporation Ltd

Methodology

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Table Information

Report AttributeDetails
No. of Pages89
PublishedNovember 2023
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 1.51 Billion
Forecasted Market Value ( USD ) by 2030 $ 2.13 Billion
Compound Annual Growth Rate5.1%
Regions CoveredGlobal
No. of Companies Mentioned10

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