"Actionable Insights to Fuel Your Growth"
Barite is a mineral ore that is naturally occurring and is barium-based. Barite has a high density and is chemically inert but is relatively soft. Barite is explored in various regions all over the world, in various colors and deposit types. Its chemical and physical properties have found its wide-ranging applications in various industries, which has led to a surge in demand for barite mining.
Based on the type of mine, the market is classified into open-pit and underground. The open-pit segment accounted for the major share of the market, and it is anticipated that it will maintain its attractiveness during the forecast period, as they provide greater recovery of the barite ore due to the increased maneuverability using heavy machinery. Open-pit mining is also a safer alternative to underground mining.
Based on the grade, the global market is classified into up to grade 3.9, grade 4.0, grade 4.1, grade 4.2, grade 4.3, above grade 4.3. The grade determines the purity of barite by measuring the specific gravity of the barite based on the concentration of barium sulfate present in the ore. Different grades have different applications. The grade 4.2 segment accounted for the major share in the market. Grade 4.2 barite has a specific gravity of 4.22 g/cm3 and is the most found grade in explorations and finds its use in fluid drilling applications. Based on the deposit type, the market is classified into residual, bedding, vein, and cavity filling. The bedding segment accounted for the major share of the market, and it is anticipated that it will maintain its attractiveness during the forecast period. It is the most widely used barite, used in oil well drilling, and is grey in color.
Due to the increased industrialization and urbanization, there has been a surge in energy consumption all over the world. This has given rise to increasing crude oil explorations and mining, which requires barite as a weighting agent in drilling processes. This increase in demand for barite is likely to drive the global barite mining market during the forecast period.
The key market restraint for the market is the rising awareness of the negative impacts of barite mining on the sulfate levels in the groundwater. The sulfates tend to act as laxatives in water and give it a bad taste and odor, which is affecting the growth of the market.
Key Market Driver -
Rising energy demand leading to increased oil drilling
Key Market Restraint -
Hazardous effect on groundwater quality
Some of the major companies in the barite mining market are New Riverside Ochre, Halliburton, Cimbar Performance Minerals, Inc., Excalibar Minerals, LLC, Chemical Products Corporation, Intercontinental Mining, Thriveni EarthMovers Pvt.Ltd, Nhat Huy Group, Ashapura Minechem Ltd, P&S Barite Mining Co., Ltd. Schlumberger, and Sojitz Corporation.
The global barite mining market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for the major share of the global market, as most of the barite deposits are located in this region, like China and India. China is the world’s largest barite producer, producing over 45% of barite of the world’s total barite mining produce. Middle East & Africa is the fastest-growing region for the global barite mining market, owing to the increasing number of successful explorations in the region, especially in nations such as Morocco, Iran, Turkey, Algeria, Nigeria, and Egypt. North America is also a rapidly growing market due to the increased mining activities in the U.S.
To gain extensive insights into the market, Request for Customization
By Type of Mine
By Deposit Type
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry