Barite Market to Face a Significant Slowdown in 2029, as COVID-19 Sets a Negative Tone for Investors - PowerPoint PPT Presentation

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Barite Market to Face a Significant Slowdown in 2029, as COVID-19 Sets a Negative Tone for Investors


2019 Analysis and Review of Barite Market by Application - Drilling Mud, Pharmaceuticals, Plastics & Rubber, and Oil & Gas for 2019 - 2029 – PowerPoint PPT presentation

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Title: Barite Market to Face a Significant Slowdown in 2029, as COVID-19 Sets a Negative Tone for Investors

Barite Market
  • March 2020

Report Id REP-GB-150 Published On
July-2020 Category Chemicals and Materials
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Barite Market Analysis
  • FMI Analyzes Impact of COVID-19 on Barite
    Market Stakeholders to Focus on Long-term
  • VALLEY COTTAGE -- Riding the growing trend of
    high energy consumption, and the resultant demand
    for oil and gas, the global barite market is
    projected to display a moderate 4.2 CAGR through
    the end of 2029. Capabilities of barite to absorb
    gamma and x-rays has generated lucrative
    opportunities for growth of the barite market. A
    new Future Market Insights (FMI) study reveals
    that product innovations and geographic expansion
    would remain the focal point for manufacturers in
    the barite market.
  • "Major players in global barite market are
    diversifying their product portfolio across
    multiple end-use industries through expansion and
    innovation to sustain their market position,"
    says the FMI report
  • Barite Market Key Findings
  • Oil and gas industry to remain key application
    area of barite through 2029, owing to population
  • Increased adoption of coating applications has
    triggered the uptake of barite in paints,
    varnishes, automotive, and textiles.

Barite Market Analysis
  • North America will remain a leading regional
    market for barite.
  • Asia Pacific is projected to display strong
    growth during the forecast period.
  • Barite Market Key Driving Factors
  • Heightening oil and natural gas exploration
    activities continue to push demand for barite.
  • Surging popularity of barite as a filler in inks,
    paints, plastics, and coatings remains a strong
    booster to market growth.
  • Properties of barite including high stability,
    enhanced finish, chemical inertness, and
    eco-friendly attributes is bolstering market
  • The use of barite in radiation shielding for the
    burgeoning cement industry will augur well for
    the barite market.

Barite Market Analysis
  • Barite Market Key Restraints
  • The high complexity and cost of the barite
    production process threatens the long-term growth
    of market.
  • The consolidated and competitive market landscape
    generates critical challenges for emerging
    players in the barite industry.
  • Competition Landscape
  • The global barite market is consolidated, where
    leading players hold key positions, across the
    globe, except in China, where the market is
    fragmented. Targeting the production of barite to
    meet the needs of variegated applications will be
    among the key strategies of manufacturers.
    Companies are also investing in product
    innovation and launches, research and development
    activities, and capacity and geographical
    expansions to bolster growth in untapped markets.
    FMI's analysis also indicates that companies are
    preferring expansion in Asia Pacific to leverage
    lucrative opportunities.

Barite Market Analysis
  • Some of the major companies operating in the
    global barite market include, but are not limited
    to, Guizhou Sinobarite Mining Co., Ltd., Ecostar,
    Andhra Pradesh Mineral Development, Corpomin,
    Excalibar Minerals, Halliburton Energy Services
    Inc., and Milwhite.
  • Press-release Source - https//
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    packaged solution, which combines current market
    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.

Barite Market Analysis
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