NEW YORK , Nov. 19, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global barite market size is estimated to grow by USD 353.88 million from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 4.25% during the forecast period. Increase in oil and gas drilling activities is driving market growth, with a trend towards rising use of barite in middle Eastern oil and gas industry.
However, volatility in oil and gas prices poses a challenge.Key market players include Anglo Pacific Minerals Ltd., BARIT MADEN TURK A.
S ., Barium and Chemicals Inc., CIMBAR Performance Minerals, CSGLOBAL, Dev International, Guizhou Red Star Development Co.
Ltd., IBC Ltd., Mil Spec Industries Corp.
, Milwhite Inc., Newpark Resources Inc., Sachtleben Minerals GmbH and Co.
KG, Schlumberger Ltd., Sojitz Corp., SVA S.
r.l., The Cary Co.
, Emprada Mines And Minerals LLC, J and H Minerals Pvt. Ltd., PVS global trade Pvt.
Ltd., and Vishnu Chemicals Ltd..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Barite Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 4.25% Market growth 2024-2028 USD 353.
88 million Market structure Fragmented YoY growth 2022-2023 (%) 3.71 Regional analysis APAC, North America, Europe, Middle East and Africa, and South America Performing market contri.
