PUBLISHER: Grand View Research | PRODUCT CODE: 1511816
PUBLISHER: Grand View Research | PRODUCT CODE: 1511816
India Barite Market Size, Share & Trends Analysis Report By Application (Oil & Gas, Chemicals, Fillers), And Segment Forecasts, 2024 - 2030
India Barite Market Growth & Trends:
The India barite market size is anticipated to reach USD 63.7 million by 2030 and is projected to grow at a CAGR of 7.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing usage of barite in various industries such as pharmaceuticals, rubber & plastics, and cement, and the surge in adoption of barite in the paint and medical sectors is driving the market.
The COVID-19 pandemic negatively impacted the barite market, causing disruptions across the industry and influencing supply chains, demand dynamics, and market trends. With reduced demand for oil and gas due to decreased industrial activity and travel restrictions, drilling operations were scaled back, leading to lower consumption of barite as a weighting agent in drilling fluids. This decline in drilling activity resulted in reduced demand for barite and affected the demand for barite.
In the pharmaceutical industry, barite is utilized as a contrasting agent in diagnostic medical tests such as X-rays and other imaging procedures. Its high specific gravity and chemical inertness make it an ideal choice for enhancing the visibility and accuracy of medical imaging, driving its adoption in the healthcare sector.
The surge in adoption of barite in the paint sector is another key driver of market growth. Barite is used as a filler and extender in paints and coatings due to its excellent hiding power, brightness, and stability. As the demand for high-quality paints and coatings continues to rise across various industries, such as construction, automotive, and consumer goods, the usage of barite in this sector is expected to increase significantly.
India Barite Market Report Highlights:
- Based on application, the oil & gas segment held the market with the largest revenue share of 69.7% in 2023. This can be attributed to the rising demand for natural gas and oil products. The fillers segment is expected to witness at the fastest CAGR over the forecast period, led by the increasing need for radiation-proof structures in hospitals, laboratories, and power plants
- In July 2023, Vishnu Chemicals acquired Ramadas Minerals Pvt Ltd, a company specializing in the beneficiation of Baryte ores. This strategic move by Vishnu Chemicals is in line with its vision to provide quality materials to its customers worldwide. By investing in Ramadas Minerals, Vishnu Chemicals aims to streamline its raw material costs. The collaboration is expected to enhance product quality and increase yields, thereby bolstering Vishnu Chemicals' competitive edge in the market and reducing vulnerability to price fluctuations
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. India Barite Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Distribution Channel Analysis
- 3.2.2. Raw Material Trends
- 3.2.3. Technological Overview
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Increasing demand for oil and gas
- 3.4.3. Expansion in renewable energy sector
- 3.4.4. Increasing usage in paints and coatings
- 3.4.5. Market Restraint Analysis
- 3.4.5.1. Challenges related to fluctuating oil prices
- 3.4.6. Industry Challenges
- 3.4.7. Industry Opportunities
- 3.4.7.1. Emerging industrial applications
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. India Barite Market: Application Estimates & Trend Analysis
- 4.1. Application Movement Analysis & Market Share, 2023 & 2030
- 4.2. India Barite Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
- 4.3. Oil & Gas
- 4.3.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Chemicals
- 4.4.1. Chemicals Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Fillers
- 4.5.1. Fillers Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Others
- 4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. India Barite Market - Competitive Landscape
- 5.1. Recent Developments & Impact Analysis, By Key Market Participants
- 5.2. Company Categorization
- 5.3. Company Heat Map/Position Analysis, 2023
- 5.4. Strategy Mapping
- 5.4.1. Expansion
- 5.4.2. Mergers & Acquisition
- 5.4.3. Partnerships & Collaborations
- 5.4.4. New Product Launches
- 5.4.5. Research And Development
- 5.5. Company Profiles
- 5.5.1. India Barite Products, Inc.
- 5.5.1.1. Participant's overview
- 5.5.1.2. Financial performance
- 5.5.1.3. Product benchmarking
- 5.5.1.4. Recent developments
- 5.5.2. BAKTHA MINERALS PVT LTD
- 5.5.2.1. Participant's overview
- 5.5.2.2. Financial performance
- 5.5.2.3. Product benchmarking
- 5.5.2.4. Recent developments
- 5.5.3. Gayathri Enterprises
- 5.5.3.1. Participant's overview
- 5.5.3.2. Financial performance
- 5.5.3.3. Product benchmarking
- 5.5.3.4. Recent developments
- 5.5.4. Kaomin Industries LLP
- 5.5.4.1. Participant's overview
- 5.5.4.2. Financial performance
- 5.5.4.3. Product benchmarking
- 5.5.4.4. Recent developments
- 5.5.5. Imperial Industrial Minerals Company
- 5.5.5.1. Participant's overview
- 5.5.5.2. Financial performance
- 5.5.5.3. Product benchmarking
- 5.5.5.4. Recent developments
- 5.5.6. Intercity Enterprises
- 5.5.6.1. Participant's overview
- 5.5.6.2. Financial performance
- 5.5.6.3. Product benchmarking
- 5.5.6.4. Recent developments
- 5.5.7. Arunai Products And Services Private Limited
- 5.5.7.1. Participant's overview
- 5.5.7.2. Financial performance
- 5.5.7.3. Product benchmarking
- 5.5.7.4. Recent developments
- 5.5.8. Ashok Mineral Enterprises
- 5.5.8.1. Participant's overview
- 5.5.8.2. Financial performance
- 5.5.8.3. Product benchmarking
- 5.5.8.4. Recent developments
- 5.5.9. Gimpex
- 5.5.9.1. Participant's overview
- 5.5.9.2. Financial performance
- 5.5.9.3. Product benchmarking
- 5.5.9.4. Recent developments
- 5.5.10. Goldy Minerals
- 5.5.10.1. Participant's overview
- 5.5.10.2. Financial performance
- 5.5.10.3. Product benchmarking
- 5.5.10.4. Recent developments
- 5.5.11. Ankur Rasayan
- 5.5.11.1. Participant's overview
- 5.5.11.2. Financial performance
- 5.5.11.3. Product benchmarking
- 5.5.11.4. Recent developments
- 5.5.1. India Barite Products, Inc.
List of Tables
- Table 1 List of abbreviation
- Table 2 India barite market 2018 - 2030 (Kilotons) (USD Million)
- Table 3 India barite market by application, 2018 - 2030 (Kilotons)
- Table 4 India barite market by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market Research Process
- Fig. 2 Data Triangulation Techniques
- Fig. 3 Primary Research Pattern
- Fig. 4 Market Research Approaches
- Fig. 5 QFD Modeling For Market Share Assessment
- Fig. 6 Information Procurement
- Fig. 7 Market Formulation and Validation
- Fig. 8 Data Validating & Publishing
- Fig. 9 Market Segmentation & Scope
- Fig. 10 India Barite Market Snapshot
- Fig. 11 Segment Snapshot (1/2)
- Fig. 12 Segment Snapshot (1/2)
- Fig. 13 Competitive Landscape Snapshot
- Fig. 14 Parent market outlook
- Fig. 15 India Barite Market Value, 2023 (USD Million)
- Fig. 16 India Barite Market - Value Chain Analysis
- Fig. 17 India Barite Market - Price Trend Analysis 2018 - 2030 (USD/Kg)
- Fig. 18 India Barite Market - Market Dynamics
- Fig. 19 India Barite Market - PORTER's Analysis
- Fig. 20 India Barite Market - PESTEL Analysis
- Fig. 21 India Barite Market Estimates & Forecasts, By Application: Key Takeaways
- Fig. 22 India Barite Market Share, By Application, 2022 & 2030
- Fig. 23 Oil & Gas Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 24 Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 25 Fillers Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 26 Others Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 27 Barite Market Revenue, By Region, 2023 & 2030 (USD Million)
- Fig. 28 India Barite Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 29 Key Company Categorization
- Fig. 30 Company Market Positioning
- Fig. 31 Strategy Mapping
