Barite Products report focuses on its volume and value at global level, regional level and company level. From a global perspective, this report represents overall Barite Products market size by analyzing historical data and future prospect. Barite is a mineral composed of barium sulfate (BaSO4). It receives its name from the Greek word "barys" which means "heavy." This name is in response to barite's high specific gravity, which is exceptional for a nonmetallic mineral. The high specific gravity of barite makes it suitable for a wide range of industrial, medical, and manufacturing uses. Barite also serves as the principal ore of barium.
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The global Barite Products market is valued at 530 million US$ in 2018 is expected to reach 580 million US$ by the end of 2025, growing at a CAGR of 1.0% during 2019-2025.
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Barite is an important mine resource, which is mainly used in drilling industry (Rig). Barite reserve is distributed in China, India and Morocco. China is a leading barite resource distribution region and barite production region. In China, barite resource is distributed in Guizhou, Guangxi and Yunnan province. China has many barite suppliers and market concentration is low. India own the second largest barite resource. In India, Andhra Pradesh Mineral Development is a leading company.
Barite have many different applications, including drilling industry (rig), medical industry, rubber & plastics, pulps and papers, paints and coatings and cosmetic industry. Drilling industry (rig) is the largest consumption field. During 2012-2016, drilling industry (rig) consumed barite varied from 8264.1 K MT in 2012 to 6107.8 K MT in 2016, with an average decrease rate of 7.28%. Affected by oil & gas industry, drilling industry consumed barite tend to decrease.Global major production regions are China and India. In 2016, China produced 2771.1 K MT barite and India produced 1101.6 K MT. China and India are two major exporting countries. Meanwhile, USA is a major importing region. In 2016, USA consumed 1450.3 K MT, which have produced only 422.6 K MT. During 2012- 2016, USA consumption decreased from 3430.3 K MT in 2012 to 1450.3 K MT in 2016, which have great impaction on global total consumption.
During past five years, global total consumption decreased from 9220.3 K MT in 2012 to 6882.6 K MT in 2017, with an average decreased rate of 5.68%. Barite price increased firstly from 69 USD/MT in 2012 to 74 USD/MT in 2013, and then decreased in 2013. Since 2014, barite price kept increasing. Currently, barite average price is about 77 USD/MT.In the future, we predict that global consumption will keep decreasing. By 2023, global consumption will be 6338 K MT. Barite price will increase to 86 USD/MT by 2023.Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers Of Barite Products are covered:
- Excalibar Minerals
- Andhra Pradesh Mineral Development
- Baer Mining
- Guizhou Toli
- China Zhashui Heqi Barite Mining
- Yunnan Judu Minerals
- Haiwo Minerals
- Hubei Chuangyuan Minerals
- Red Star
Barite Products Segment by Regions
- North America
Barite Products Segment by Type
- Up to Grade 3.9
- Grade 4.0
- Grade 4.1
- Grade 4.2
- Grade 4.3
- Grade above 4.3
Barite Products Segment by Application
- Drilling Industry (Rig)
- Medical Industry
- Rubber & Plastics
- Pulps and Papers
- Paints and Coatings
- Cosmetic Industry
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