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Published Date: 2017-01-12Number of Pages: 166

Barite Market (Grade - 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; End User - Drilling Mud, Pharmaceuticals, Rubber and Plastics, Paints, Coatings, and Paper and Pulp) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Barite Market: Snapshot

Of late, the global market for barite has been experiencing remarkable growth. The escalating need for energy has led to a phenomenal rise in oil and gas production. As barites are used as weighting agents in drilling fluids, on account of their high specific gravity, their demand has been augmenting tremendously across the world. In addition to this, the growing application of barite as a filler agent in rubber, paints, and plastics is also anticipated to influence their demand over the forthcoming years.

According to Transparency Market Research (TMR), the global market for barite presented an opportunity worth US$1.3 bn in 2015. Rising at a CAGR of 4.10% between 2016 and 2024, the market is estimated to attain a value of US$1.8 bn by the end of 2024. Alongside this, the production volume of barite, worldwide, is likely to cross 11,645.7 kilo tons by the same time period.

barite market

Demand for Barite to Remain High in Drilling Mud

Drilling mud, rubber and plastics, pharmaceuticals, pulp and paper, and paints and coatings have surfaced as the key application areas of barite across the world. The demand for barite has been higher in drilling mud when compared to other application areas as it is extensively utilized as a weighting agent in the manufacturing of drilling fluids for several drilling activities in the oil and gas industry.

The significant growth in the demand for oil and gas, fueled by the continual rise in the need for energy across the world, is likely to boost the requirement of drilling mud in the near future, leading to a considerable rise in the application of barite. This, as a result, is anticipated to ensure the position of drilling mud as the leading application area of barite over the forecast period.

Constant Increase in Oil and Gas Drilling Activities to Ensure North America’s Lead

Europe, the Middle East and Africa, Asia Pacific, Latin America, and North America are the main regional markets for barite. In 2015, North America emerged as the market leader with a share of 30% in the overall market. The augmenting demand for barite drilling mud in the oil and gas industry has boosted this regional market significantly over the last few years. Analysts expect North America to retain its position throughout the forecast period and attributed the constant increase in oil and gas drilling activities for this. The U.S. is projected to lead the North America barite market over the forthcoming years.

Asia Pacific is also anticipated to surface as a promising market for barite in the years to come. The notable growth in the rubber and plastic industry in Asia Pacific can be accredited for the rising demand for barite in this region. On the other hand, Latin America and the Middle East and Africa are expected to witness stable growth in their respective markets for barite in the near future.

Andhra Pradesh Mineral Development Corp. Ltd., Excalibar Minerals LLC, Halliburton Co., P&S Barite Mining Co. Ltd., Anglo Pacific Minerals, and CIMBAR Performance Minerals are some of the prominent barite producers across the world.

1.Preface
    1.1.Report Scope and Market Segmentation 
    1.2.Research Highlights

2.Assumptions and Research Methodology
    2.1.Assumptions and Acronyms Used
    2.2.Research Methodology

3.Executive Summary
    3.1.Market Size, Indicative (US$ Bn)
    3.2.Top 3 Trends
    3.3.Revenue Share, by Region, Grade, and Application, 2015

4.Market Overview
    4.1.Product Overview
    4.2.Key Industry Developments
    4.3.Macro-economic Factors
    4.4.Market Indicators
    4.5.Drivers and Restraints Snapshot Analysis
          4.5.1.Drivers
          4.5.2.Restraints
          4.5.3.Opportunities
    4.6.Barite Market: Global Demand-Supply Scenario 
    4.7.Porter’s Analysis
          4.7.1.Threat of Substitutes
          4.7.2.Bargaining Power of Buyers
          4.7.3.Bargaining Power of Suppliers
          4.7.4.Threat of New Entrants
          4.7.5.Degree of Competition
    4.8.Value Chain Analysis
    4.9.Global Barite Market Analysis and Forecasts 
    4.10.Global Barite Market Outlook

5.Barite Demand Supply Analysis
    5.1.Barite - Global Supply Scenario
    5.2.Barite - Global Supply Scenario - Net Trade
    5.3.Top Barite Producing Countries
    5.4.PEST Analysis
          5.4.1.China
          5.4.2.India
          5.4.3.U.S.
          5.4.4.Mexico
          5.4.5.Morocco
    5.5.Barite Pricing Analysis

6.Global Barite Market Value Share Analysis, by Grade
    6.1.Key Findings
    6.2.Introduction
    6.3.Global Barite Market Value Share Analysis, by Grade
    6.4.Up to Sp. Gr. 3.9
    6.5.Sp. Gr. 4.0
    6.6.Sp. Gr. 4.1
    6.7.Sp. Gr. 4.2
    6.8.Sp. Gr. 4.3 and Above
    6.9.Global Barite Market Attractiveness Analysis, by Grade
    6.10.Key Trends

7.Global Barite Market Value Share Analysis, by Application
    7.1.Key Findings
    7.2.Introduction
    7.3.Global Barite Market Value Share Analysis, by Application
    7.4.Drilling Mud
    7.5.Pharmaceuticals
    7.6.Rubber and Plastics
    7.7.Others
    7.8.Global Barite Market Attractiveness Analysis, by Application
    7.9.Key Trends

8.Barite Market Analysis by Region
    8.1.Global Country Scenario
    8.2.Global Barite Market Value Share Analysis, by Region
    8.3.Barite Market Forecast, by Region

9.North America Barite Market Analysis
    9.1.Key Findings
    9.2.North America Barite Market Overview
    9.3.North America Market Forecast, by Grade
    9.4.North America Market Forecast, by Application
    9.5.North America Market Forecast, by Country
    9.6.North America Market Attractiveness Analysis
    9.7.Market Trends

10.Europe Barite Market Analysis
    10.1.Key Findings
    10.2.Europe Barite Market Overview
    10.3.Europe Market Forecast, by Grade
    10.4.Europe Market Forecast, by Application
    10.5.Europe Market Forecast, by Country
    10.6.Europe Market Attractiveness Analysis
    10.7.Market Trends

11.Asia Pacific Barite Market Analysis
    11.1.Key Findings
    11.2.Asia Pacific Barite Market Overview
    11.3.Asia Pacific Market Forecast, by Grade
    11.4.Asia Pacific Market Forecast, by Application
    11.5.Asia Pacific Market Forecast, by Country
    11.6.Asia Pacific Market Attractiveness Analysis
    11.7.Market Trends

12.Middle East & Africa Barite Market Analysis
    12.1.Key Findings
    12.2.Middle East & Africa Barite Market Overview
    12.3.Middle East & Africa Market Forecast, by Grade
    12.4.Middle East & Africa Market Forecast, by Application
    12.5.Middle East & Africa Market Forecast, by Country
    12.6.Middle East & Africa Market Attractiveness Analysis
    12.7.Market Trends

13.Latin America Barite Market Analysis
    13.1.Key Findings
    13.2.Latin America Barite Market Overview
    13.3.Latin America Market Forecast, by Grade
    13.4.Latin America Market Forecast, by Application
    13.5.Latin America Market Forecast, by Country
    13.6.Latin America Market Attractiveness Analysis
    13.7.Market Trends

14.Competition Landscape
    14.1.Barite Market Share Analysis by Company (2015)
    14.2.Competition Matrix
          14.2.1.The Andhra Pradesh Mineral Development Corporation Ltd. 
          14.2.2.Ashapura Minechem Limited 
          14.2.3.Excalibar Minerals LLC 
          14.2.4.Anglo Pacific Minerals 
    14.3.Company Profiles
          14.3.1.The Andhra Pradesh Mineral Development Corporation Ltd. 
                   14.3.1.1.Company Description
                   14.3.1.2.Business Overview
                   14.3.1.3.SWOT Analysis
                   14.3.1.4.Financial Details
                   14.3.1.5.Strategic Overview
          14.3.2.Ashapura Minechem Limited
                   14.3.2.1.Company Description
                   14.3.2.2.Business Overview
                   14.3.2.3.SWOT Analysis
                   14.3.2.4.Financial Details
                   14.3.2.5.Strategic Overview
          14.3.3.Sojitz Corporation
                   14.3.3.1.Company Description
                   14.3.3.2.Business Overview
                   14.3.3.3.SWOT Analysis
                   14.3.3.4.Financial Details
                   14.3.3.5.Strategic Overview
          14.3.4.Halliburton Company
                   14.3.4.1.Company Description
                   14.3.4.2.Business Overview
                   14.3.4.3.SWOT Analysis
                   14.3.4.4.Financial Details
                   14.3.4.5.Strategic Overview
          14.3.5.Baker Hughes Incorporated
                   14.3.5.1.Company Description
                   14.3.5.2.Business Overview
                   14.3.5.3.SWOT Analysis
                   14.3.5.4.Financial Details
                   14.3.5.5.Strategic Overview
          14.3.6.Schlumberger Limited
                   14.3.6.1.Company Description
                   14.3.6.2.Business Overview
                   14.3.6.3.SWOT Analysis
                   14.3.6.4.Financial Details
                   14.3.6.5.Strategic Overview
          14.3.7.Excalibar Minerals LLC 
                   14.3.7.1.Company Description
                   14.3.7.2.Business Overview
          14.3.8.International Earth Products LLC 
                   14.3.8.1.Company Description
                   14.3.8.2.Business Overview
          14.3.9.Milwhite Inc. 
                   14.3.9.1.Company Description
                   14.3.9.2.Business Overview
          14.3.10.Oren Hydrocarbons Private Limited 
                   14.3.10.1.Company Description
                   14.3.10.2.Business Overview
          14.3.11.CIMBAR Performance Minerals 
                   14.3.11.1.Company Description
                   14.3.11.2.Business Overview
          14.3.12.P&S Barite Mining Co., Ltd. 
                   14.3.12.1.Company Description
                   14.3.12.2.Business Overview
          14.3.13.Anglo Pacific Minerals 
                   14.3.13.1.Company Description
                   14.3.13.2.Business Overview

15.Key Take away

List of Figures
 
Figure 1: Global Barite Market
Figure 2: Revenue Share, by Region, Grade, and End-user, 2015
Figure 3: World GDP Growth (Annual %), 2005–2018 
Figure 4: World Mining Industry Outlook, World Mineral Production (Million Tons), 2005–2014
Figure 5: World Oil and Gas Production Outlook (Annual Growth %), 2006–2015
Figure 6: World Oil Production (Million Tons), 2005–2014
Figure 7: Global Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 8: Global Barite Average Prices (US$/Ton), 2015–2024
Figure 9: Global Barite Market Value Share, by Grade (2015)
Figure 10: Global Barite Market Value Share, by Application (2015)
Figure 11: Global Barite Market Value Share, by Region (2015)
Figure 12: Barite Global Reserves & Production, 2011–2015 (Million Tons)
Figure 13: Global Barite Net Trade, by Region (Kilo Tons), 2015
Figure 14: Top Five Barite Producing Countries (Kilo Tons), 2011–2015
Figure 15: Price Trend Analysis, by Grade (US$/Ton) (2015–2024)
Figure 16: Global Barite Market Value Share Analysis, by Grade, 2015 and 2024
Figure 17: Global Barite Market, by Up to Sp. Gr. 3.9 Grade
Figure 18: Global Barite Market, by Sp. Gr. 4.0 Grade
Figure 19: Global Barite Market, by Sp. Gr. 4.1 Grade
Figure 20: Global Barite Market, by Sp. Gr. 4.2 Grade
Figure 21: Global Barite Market, by Sp. Gr. 4.3 & above
Figure 22: Global Barite Market Attractiveness Analysis, by Grade
Figure 23: Global Barite Market Value Share Analysis, by Application, 2016 and 2024
Figure 24: Global Barite Market, by Drilling Mud
Figure 25: Global Barite Market, by Pharmaceuticals
Figure 26: Global Barite Market, by Rubber & Plastics
Figure 27: Global Barite Market, by Others
Figure 28: Global Barite Market Attractiveness Analysis, by Application
Figure 29: Global Country Scenario
Figure 30: Global Barite Market Value Share Analysis By Region, 2016 and 2024
Figure 31: Barite Market Attractiveness Analysis, by Region
Figure 32: North America Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 33: North America Barite Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 34: North America Market Attractiveness Analysis, by Country
Figure 35: North America Market Value Share Analysis, by Grade, 2015 and 2024
Figure 36: North America Market Value Share Analysis, by Application, 2016 and 2024
Figure 37: North America Market Value Share Analysis, by Country, 2016 and 2024
Figure 38: North America Market Attractiveness Analysis, by Grade
Figure 39: North America Market Attractiveness Analysis, by Application
Figure 40: Europe Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 41: Europe Barite Market Size and Volume Y-o-Y Growth Projections, 2015–2024
Figure 42: Europe Market Attractiveness Analysis By Country
Figure 43: Europe Market Value Share Analysis, by Grade, 2016 and 2024
Figure 44: Europe Market Value Share Analysis, by Application, 2015 and 2024
Figure 45: Europe Market Value Share Analysis, by Country, 2016 and 2024
Figure 46: Europe Market Attractiveness Analysis, by Grade
Figure 47: Europe Market Attractiveness Analysis, by Application
Figure 48: Asia Pacific Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 49: Asia Pacific Barite Market Size and Volume, Y-o-Y Growth Projections, 2015–2024
Figure 50: Asia Pacific Barite Market Attractiveness Analysis, by Country
Figure 51: Asia Pacific Barite Market Value Share Analysis, by Grade, 2016 and 2024
Figure 52: Asia Pacific Barite Market Value Share Analysis, by Application, 2016 and 2024
Figure 53: Asia Pacific Barite Market Value Share Analysis, by Country, 2015 and 2024
Figure 54: Asia Pacific Market Attractiveness Analysis, by Grade
Figure 55: Asia Pacific Market Attractiveness Analysis, by Application
Figure 56: Latin America Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 57: Latin America Barite Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 58: Latin America Market Attractiveness Analysis, by Country
Figure 59: Latin America Market Value Share Analysis, by Grade, 2015 and 2024
Figure 60: Latin America Market Value Share Analysis, by Application, 2015 and 2024
Figure 61: Latin America Market Value Share Analysis, by Country, 2016 and 2024
Figure 62: Latin America Market Attractiveness Analysis, by Grade
Figure 63: Latin America Market Attractiveness Analysis, by Application
Figure 64: Middle East & Africa Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 65: Middle East & Africa Barite Market Size and Volume, Y-o-Y Growth Projections, 2015–2024
Figure 66: Middle East & Africa Barite Market Attractiveness Analysis, by Country
Figure 67: Middle East & Africa Barite Market Value Share Analysis, by Grade, 2016 and 2024
Figure 68: Middle East & Africa Barite Market Value Share Analysis, by Application, 2016 and 2024
Figure 69: Middle East & Africa Barite Market Value Share Analysis, by Country, 2016 and 2024
Figure 70: Middle East & Africa Market Attractiveness Analysis, by Grade
Figure 71: Middle East & Africa Market Attractiveness Analysis, by Application
Figure 72: Global Barite Market Share Analysis By Company (2015)

List of Tables
 
Table 1: Global Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Grade, 2015–2024
Table 2: Global Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 3: Global Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Region, 2015–2024
Table 4: North America Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Grade, 2015–2024
Table 5: North America Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 6: North America Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 7: Europe Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Grade, 2015–2024
Table 8: Europe Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 9: Europe Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 10: Asia Pacific Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Grade, 2015–2024
Table 11: Asia Pacific Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2014–2024
Table 12: Asia Pacific Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 13: Latin America Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Grade, 2015–2024
Table 14: Latin America Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 15: Latin America Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 16: Middle East & Africa Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Grade, 2014–2024
Table 17: Middle East & Africa Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2014–2024
Table 18: Middle East & Africa Barite Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024

Global Barite Market: Overview

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.

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.

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.

The global barite market has been segmented as follows:

Barite Market – Grade Analysis

  • Up to Sp. Gr. 3.9
  • Gr. 4.0
  • Gr. 4.1
  • Gr. 4.2
  • Gr. 4.3 and above

Barite Market – End User Analysis

  • Drilling Mud
  • Pharmaceuticals
  • Rubber & Plastics
  • Others (Paints, Coatings, Paper, Pulp. etc.)

Barite Market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Russia
    • U.K.
    • Norway
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Oceania
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • Northern Africa
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America


 
 
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