Barite Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 2019

951 words - 4 pages

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 ...view middle of the document...

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...

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