Barite Market
a critical element of drilling fluid . Drilling fluids function as desired during oil and gas exploration activities when barite is used as a weighting agent .
Barite finds an important application in the preparation of barium meal , which is used as an X-ray imaging diagnostic examination to discover abnormalities relating to small bowel , esophagus , and stomach . It plays a significant role in the production of tiles , bricks , glazes , and LED glass , which is used for computer screens , with barium carbonate . In medical and commercial applications , the manufacture of salts and compounds containing barium is processed with the help of chemical grade barite .
With developing nations such as India and China looking to strengthen the prospering hospital sector with the introduction of new medical imaging tools , the demand for barite is envisioned to increase even more . Moreover , the BRIC nations are foretold to further boost the requirement for medical imaging sensors .
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Alternatives Target High Price of Barite to Endanger Demand The flurry of demand in the global barite market could be subdued with the birthing of alternative weighting agents such as ilmenite , hematite , celestite , iron ore , and itabirite in the drilling fluid sector . This is envisaged to occur because of the rise in the price of barite on account of the high cost of drilling fluids , plummeting supplies , and extreme usage of industrial grade barite . Besides this , there is a shortage of supply in the Middle East nations due to the unavailability of premium grade barite deposits and products .
However , the potential applications of barite in the nuclear industry are prognosticated to fill the gap created by the aforementioned deterrents . Barite can be used in achieving the increased density of heavyweight concrete which is employed for radiation shielding and various medicinal and nuclear purposes . Atomic reactor construction essentially requires concrete aggregate , which is prepared with the addition of barite . Interestingly , barite also finds extensive usage in other sectors such as electronics , medical , coatings and paintings , automobile , and chemical . With such profit-making opportunities in place , vendors in the world barite market could expect to rise above the odds .
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