Barite Market
key regional markets for barite . With more than 30 % share , North America led this market in 2015 , thanks to the increased demand for barite drilling mud in the oil and gas industry . With continual rise in oil and gas drilling activities , the regional market is likely to retain its position over the forthcoming years . The U . S . is expected to surface as the leading consumer of barite in North America over the forecast period .
Asia Pacific is also emerging as a potential market for barite , thanks to the remarkable growth in the rubber and plastic industry in this region . Going forward , this regional market is likely to present most promising growth opportunities to barite vendors across the world in the near future . On the other hand , the markets for barite in Latin America and the Middle East and Africa are projected to demonstrate stable growth throughout the forecast period , states the research report .
Browse The Full Article Here : http :// www . transparencymarketresearch . com / highperformance-anticorrosion-coatings-market . html
Increase in Oil and Gas Production to Boost Demand for Barite As barites have high specific gravity , they are used as weighting agents in drilling fluids , which make them an essential component of the process of oil and gas production . “ With the increasing demand for energy across the world , the oil and gas production is witnessing a monumental rise , which consequently , is influencing the demand for barite , globally ,” says the author of this study .
The increasing usage of barite as a filler agent in plastics , paints , and rubber is also projected to reflect positively on the global market for barite over the forecast period . However , the stringent regulations of various governments and their interference over the production of barite may hamper the growth of this market , notes the study .
Release For Report : http :// www . transparencymarketresearch . com / pressrelease / baritemarket . htm
TABLE OF CONTENT
1 . Preface 1.1 . Report Scope and Market Segmentation 1.2 . Research Highlights
Transparency Market Research
3