The global barite market revenue is expected to register a moderate CAGR over the forecast period. The global barite market report has been segmented on the grade, color, end use, and region. Increasing demand for barite from various industries which includes paint and coatings, oil & gas, and pharmaceutical industry is major factor expected to drive growth of the target market over the forecast period.
Based on grade, the global barite market is segmented based on up to grade 3.9, grade 4.0, grade 4.1, grade 4.2, grade 4.3, and grade above 4.3. Based on color, the global barite market is segmented based on brown, white & off-white, and grey. The brown segment is expected to account for significant revenue share of the target market in year 2017.
Based on end use, the target market is segmented based oil & gas, paints & coating, pharmaceuticals, rubber & plastics, textiles, and adhesives. The oil & gas segment accounted for major revenue share in 2017 and is expected to maintain its dominance over the forecast period.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major share in terms of revenue in global barite market. Increasing demand for barite in countries such as China and India, owing to increasing production of electronics which includes computers, televisions, and LED panels coupled with increasing demand oil & gas are major factors expected to drive growth of market in the region over the forecast period.
Some prominent players in the global barite 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., pectrum Chemical Manufacturing Corporation, Anglo Pacific Minerals, and Desku Group Inc.