Global Barite Market Regional outlook, Industry Segments, Key factors Barite Market Report 2017-2024 | Page 2

that utilizes the product as an integral component in them. Thus, this industry trend will
directly drive the barite market growth globally by 2024.
The global barite market share is classified based on special grade (Sp. Gr) into: up to Sp. Gr.
3.9, Gr. 4.0, Gr. 4.1, Gr. 4.2, Gr. 4.3 and Gr. 4.3 & above. The industry can also be classified
based on deposits into vein, bedding, cavity and residual filling. Residual barite is easily
available in loose fragments and its mining is preferred over vein & cavity owing to the
complex mining procedure and high operational costs associated with the latter.
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Ground barite is used as filler in production of paper, plastics, textile, oil cloth and rubber.
Finely ground is used in producing thixotropic mud for oil well sealing in drilling applications.
Bleached is used as a pigment in white paints which has applications in textiles, rubber and
paints industry.
The product does not interfere in magnetic measurements taken during drill hole logging
and drilling owing to its non-magnetic properties, which makes it desirable to be used in oil
and drilling industry.
Prevalence of massive oil & gas industry in the region, creates ample opportunity towards
industry growth in the near future. The major areas of application of the barite market
share are drilling mud, pharmaceuticals, rubbers & plastics and paints & coatings. Other
application areas include automobiles, engine compartments, medical appliances, paper-
making, pottery, engineering plastics and cosmetics.
Asia Pacific was the major barite market share contributor in 2015. India and China are the
prime product manufacturers which substantially contribute towards regional industry
growth. Another factor propelling the product demand in this region is increasing oil & gas
consumption along with huge demand for paints and plastics from countries including
China, India and Thailand.
In case of North America, U.S led the regional barite market share in 2015.
The key players operating in the barite market share are CMS Industries, Shijiazhuang
Oushun Mineral Products Company Limited, V&P Corporation, Shanghai Titanos Industry
Company Limited, Halliburton Company, Mil-Spec Industries Corporation, P&S Barite Mining
Company Limited, CIMBAR Performance Minerals, Excalibar Minerals LLC, Anglo Pacific
Minerals, Kaomin Industries, Ashapura MineChem Limited, International Earth Products LLC
and Desku Group Inc.
Source Report:
https://www.gminsights.com/industry-analysis/barite-market
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