Barite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

Transparency Market
Research

Barite Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 – 2023

Published Date
13-07-2015

98 Page Report

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Press Release

Barite Market is Expected to Reach US$ 1.84 Bn in 2023

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Barite Market

REPORT DESCRIPTION

Transparency Market Research has published a new report titled “Barite Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to
the report, the global barite market was valued at US$ 1.11 Bn in 2014 and is likely to reach US$
1.84 Bn in 2023, expanding at a CAGR of 5.8% between 2015 and 2023.

Barite is a colorless mineral, primarily comprising barium sulfate with few impurities. It is the
primary source of barium. Barite is used in industries such as oil and gas and chemicals. It is also
employed in electronics, medical, automotive, rubber, and paint industries. Barite is an important
component of drilling fluids that are used in the crude oil drilling process in the oil and gas
industry. It is used as a weighting agent in drilling fluids to inhibit overflow and suppress high
formation pressure during the drilling process due to its high specific gravity.

Browse the full Barite Market for Oil and Gas, Chemicals, and Other Applications Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report
at:
http://www.transparencymarketresearch.com/barite-market.html

Rise in exploration and production activities in the oil and gas industry is estimated to drive the
barite market in the near future. Barite forms an indispensable component of drilling fluid. It is
used in drilling as well as completion process of oil and gas production. Barite elevates the
hydrostatic pressure of...