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PUBLISHER: IMARC | PRODUCT CODE: 1661278
PUBLISHER: IMARC | PRODUCT CODE: 1661278
Barite Market Size, Share, Trends and Forecast by Grade, Application, and Region, 2025-2033
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The global barite market size was valued at USD 1.95 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 2.72 Billion by 2033, exhibiting a CAGR of 3.57% during 2025-2033. North America currently dominates the market, holding a significant market share of over 40.0% in 2024. The market is growing due to an increasing demand in oil and gas drilling, paints, plastics and pharmaceuticals. Rising exploration activities, regulatory impacts and supply chain disruptions are also contributing positively to the market growth.
Barite is a white or colorless naturally occurring mineral composed of barium and sulfate. The barite group consists of anhydrite, celestine and anglesite and is commonly extracted from lead-zinc mines in vein, residual and bedded deposit variants. The vein and residual deposits are hydrothermal, whereas the bedded deposits are sedimentary deposits. Barite exhibits various advantageous properties, such as low solubility, high density, chemical inertness and cost-effectiveness. It is used as a weighting, filler and extender agent and as a crucial ingredient to manufacture barium carbonate. As a result, it finds extensive applications across various industries, such as oil and gas, chemical, rubber, plastic, medical and pharmaceutical.
Significant growth in the oil and gas industry, along with increasing offshore and ultra-deep exploration activities across the globe, is one of the key factors creating a positive outlook for the market. Barite is used as a weighing agent in oil well drilling fluids as it counters the pressure resulting from drilling operations. Moreover, the widespread adoption of barite for the manufacturing of plastic products is also driving the market growth. It is used as a non-toxic, water-soluble and stable chemical filler to enhance the gloss, strength and weatherability of plastic products. Additionally, the rising product demand for the production of paints, coating, rubbers, pharmaceuticals and automobile components, is acting as another growth-inducing factor. Rapid urbanization, along with increasing product utilization in the medical industry to absorb X- and Gamma rays, are some of the factors that are anticipated to drive the market further.
Key Market Segmentation:
Breakup by Grade:
- Upto 3.9
- Special Grade 4.0
- Special Grade 4.1
- Special Grade 4.2
- Special Grade 4.3 and Above
Breakup by Application:
- Oil and Gas
- Chemicals
- Pharmaceuticals
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Anglo Pacific Minerals Ltd., Ashapura Minechem Limited (AMCOL International Corporation), Baker Hughes Company, International Earth Products LLC, Milwhite Inc., Newpark Resources Inc., P&S Barite Mining Co. Ltd., Schlumberger Limited, Sojitz Corporation, The Andhra Pradesh Mineral Development Corporation Limited and The Cary Company.
Key Questions Answered in This Report
- 1.How big is the barite market?
- 2.What is the future outlook of barite market?
- 3.What are the key factors driving the barite market?
- 4.Which region accounts for the largest barite market share?
- 5.Which are the leading companies in the global barite market?
Product Code: SR112025A3425
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Barite Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Grade
- 6.1 Upto 3.9
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Special Grade 4.0
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Special Grade 4.1
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Special Grade 4.2
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Special Grade 4.3 and Above
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Application
- 7.1 Oil and Gas
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Chemicals
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Pharmaceuticals
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Anglo Pacific Minerals Ltd.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Ashapura Minechem Limited (AMCOL International Corporation)
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Baker Hughes Company
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 International Earth Products LLC
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Milwhite Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Newpark Resources Inc
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 P&S Barite Mining Co. Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Schlumberger Limited
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Sojitz Corporation
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 The Andhra Pradesh Mineral Development Corporation Limited
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 The Cary Company
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.1 Anglo Pacific Minerals Ltd.
Product Code: SR112025A3425
List of Figures
- Figure 1: Global: Barite Market: Major Drivers and Challenges
- Figure 2: Global: Barite Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Barite Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Barite Market: Breakup by Grade (in %), 2024
- Figure 5: Global: Barite Market: Breakup by Application (in %), 2024
- Figure 6: Global: Barite Market: Breakup by Region (in %), 2024
- Figure 7: Global: Barite (Upto 3.9) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 8: Global: Barite (Upto 3.9) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 9: Global: Barite (Special Grade 4.0) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Barite (Special Grade 4.0) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Barite (Special Grade 4.1) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Barite (Special Grade 4.1) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Barite (Special Grade 4.2) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Barite (Special Grade 4.2) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Barite (Special Grade 4.3 and Above) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Barite (Special Grade 4.3 and Above) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Barite (Oil and Gas) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Barite (Oil and Gas) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Barite (Chemicals) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Barite (Chemicals) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Barite (Pharmaceuticals) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Barite (Pharmaceuticals) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Barite (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Barite (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: North America: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: North America: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: United States: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: United States: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Canada: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Canada: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Asia-Pacific: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Asia-Pacific: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: China: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: China: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: Japan: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: Japan: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: India: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: India: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: South Korea: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: South Korea: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: Australia: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: Australia: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Indonesia: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Indonesia: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Others: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Others: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: Europe: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: Europe: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Germany: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Germany: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: France: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: France: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: United Kingdom: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: United Kingdom: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Italy: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Italy: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Spain: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Spain: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Russia: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Russia: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Others: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Others: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Latin America: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Latin America: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Brazil: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Brazil: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Mexico: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Mexico: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Others: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Others: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Middle East and Africa: Barite Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Middle East and Africa: Barite Market: Breakup by Country (in %), 2024
- Figure 73: Middle East and Africa: Barite Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Global: Barite Industry: SWOT Analysis
- Figure 75: Global: Barite Industry: Value Chain Analysis
- Figure 76: Global: Barite Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Barite Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Barite Market Forecast: Breakup by Grade (in Million USD), 2025-2033
- Table 3: Global: Barite Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 4: Global: Barite Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 5: Global: Barite Market: Competitive Structure
- Table 6: Global: Barite Market: Key Players
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