Barite market   global industry analysis, size, share, growth, trends and forecast, 2013 - 2019
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Barite market global industry analysis, size, share, growth, trends and forecast, 2013 - 2019

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Barite also known as barite or barium sulfate is among the abundantly available minerals. The mineral is available in various colors and is available as transparent or opaque and is crystalline in ...

Barite also known as barite or barium sulfate is among the abundantly available minerals. The mineral is available in various colors and is available as transparent or opaque and is crystalline in nature. Barite deposits can be bifurcated into three major types namely vein & cavity fillings, residual and bedded.

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Barite market   global industry analysis, size, share, growth, trends and forecast, 2013 - 2019 Barite market global industry analysis, size, share, growth, trends and forecast, 2013 - 2019 Document Transcript

  • Barite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Barite also known as barite or barium sulfate is among the abundantly available minerals. The mineral is available in various colors and is available as transparent or opaque and is crystalline in nature. Barite deposits can be bifurcated into three major types namely vein & cavity fillings, residual and bedded. Vein & cavity fillings generally comprise of barite deposited from hydrothermal fluids, deep seated brines. Mining barite from vein & cavity fillings is a complex and an expensive procedure and it is predominantly extracted as a byproduct during the mining of other materials such as lead or zinc. Residual barite is generally available in form of loose fragments in residual clay. The fragments and clay are formed by weathering of rocks such as dolomite. Bedded barite is available in form of sedimentary rocks either as the primary mineral or as a cementing agent. Over 80% of the global barite production is employed for mud drilling in the oil & gas industry and the trend is anticipated to continue during the forecast period. Other major applications for barite include chemical, paint, plastics, automotives and rubber among several others. Automotives application segment is expected to be the fastest growing application segment during the forecast period. Increasing demand for oil leading to increased drilling activities in the oil industry is among the foremost driver for barite market. Barite is used in brake, clutch pads and as a paint primer to metals and for several other automotive applications. On account of which, growth in automotive industry is anticipated to drive demand for barite in the near future. Moreover, surge in construction activities leading to increased demand for paint is among other major factors driving demand for barite. Increasing research and development activities to increase the application scope of barite is anticipated to offer huge growth opportunity in the market. Asia Pacific dominates the global supply and demand for barite and the trend is anticipated to continue for a foreseeable future. China followed by India is among the leading producers of barite. China and India are among the foremost emerging economies in the world and their huge working population has led to availability of cheap labor in these countries. Moreover, being the largest countries in terms of population, China and India are also among the largest customer base for barite. Therefore, Asia Pacific is anticipated to be the fastest growing region during the forecast period. North America is the second largest producer and consumer for barite. Demand for barite in the developed economies of North America and Europe is anticipated to grow at a sluggish rate primarily owing to market saturation in several end user industries. Moreover, increasing demand for automotive and paint applications is expected to drive the demand for barite in North America and Europe. Developing economies in South America and Africa are anticipated to offer huge growth opportunity in the market. Barite market is characterized by high degree of competition as the resources are abundantly available, major producers compete on the basis of price. Moreover, players also compete on product differentiation by providing customized solutions as per the end user industry. Major players in the barite market include Excalibar Minerals LLC, Mil-Spec Industries Corp, Seaforth Mineral & Ore Co., Inc, International Earth Products LLC and Milwhite, Inc. among others. This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include North America Asia Pacific Europe Rest of the World This report provides comprehensive analysis of Market growth drivers Factors limiting market growth Current market trends Market structure Market projections for upcoming years This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. Reasons for Buying this Report This report provides pin-point analysis for changing competitive dynamics It provides a forward looking perspective on different factors driving or restraining market growth It provides a six-year forecast assessed on the basis of how the market is predicted to grow It helps in understanding the key product segments and their future It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments It provides distinctive graphics and exemplified SWOT analysis of major market segments N/a ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Barite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019