Barite, also known as baryte, is a milky white crystalline mineral mostly composed of barium sulfate. It has one of the highest specific gravities among all weighting agents. Barite is widely used as a weighting agent, filler agent, and extenders.
Albany, NY -- (SBWIRE) -- 03/29/2017 -- Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled 'Barite Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024. Barite, also known as baryte, is a milky white crystalline mineral mostly composed of barium sulfate. It has one of the highest specific gravities among all weighting agents. Barite is widely used as a weighting agent, filler agent, and extenders. It is employed in oil & gas industry, rubber industry, plastics industry, etc. It is also used in pharmaceutical applications such as production of barium meals for body tissue radiography. Barite is processed in various grades based upon specific gravity, with each grade used for various purposes.
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The report estimates and forecasts the barite market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (kilo tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the barite market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market.
Global Barite Market: Scope of the Study
The report analyzes opportunities in the barite market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of barite and global average price trend analysis.
The report includes Porter's Five Forces Model to determine the degree of competition in the barite market. It comprises qualitative write-up on market attractiveness analysis, wherein end-users and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for barite between 2016 and 2024.
Global Barite Market: Segmentations
The study provides comprehensive view of the barite market by dividing it into grade, application and geography. The barite market has been segmented by grade into Up to Sp. Gr. 3.9, Sp. Gr. 4.0, Sp. Gr. 4.1, Sp. Gr. 4.2, and Sp. Gr. 4.3 and above. Based on application the market is segmented as Drilling Mud, Pharmaceuticals, Rubber & Plastics, and Others (Paints & coatings, Paper & Pulp, etc.).The segments have been analyzed based on historic, present, and future trends.
Regional segmentation includes the current and forecast demand for barite in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Key countries such as the U.S., France, Germany, Norway, the U.K., China, India, ASEAN, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual grade and application in all the regions and countries.
Global Barite Market: Competitive Analysis
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Major players profiled in the report include Andhra Pradesh Mineral Development Corporation Limited, Halliburton Company, Excalibar Minerals LLC, P & S Barite Mining Co. Ltd., CIMBAR Performance Minerals, and Anglo Pacific Minerals. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
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In-depth interviews and discussions with wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players' product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team's expertise and market understanding.
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