Global Barite Market: Trends and Forecasts up to 2023

Global Barite Market: Trends and Forecasts up to 2023

INFINIUM GLOBAL RESEARCH

Global Barite Market: Trends and Forecast -2023

INTRODUCTION REPORT DESCRIPTION The chlor-alkali process is an electrolytic process by which chlorine and alkali are produced from a salt solution. Diaphragm cell process, mercury cell process and membrane cell process are the three types of technologies utilized for chlor-alkali process. Caustic soda (sodium hydroxide), muriatic acid, and potassium hydroxide are the major alkalis’ produced during this process. Usually seawater is used as the brine solution. If potassium brine is used, the alkali obtained by the process will be potassium hydroxide. Chlorine is a major chemical building block in various industries and it accounts for major portion of overall chlor-alkali demand. Chlorine finds major application in the EDC/PVC industry. Moreover, caustic soda finds applications in industries such as aluminum, cleaning agents, food, soap, textiles, and some others.

As per the report, the global barite market was worth USD xxx.x million in 2015.

The global market is expected to grow at a CAGR of 4.2% over the forecast period of 2017 – 2023 to surpass USD XXXX.X million. In terms of volume the global barite market is expected to surpass XXX.X kilo tons in 2023 growing from XXX.X kilo tons in 2015, expanding at a CAGR of 4.2% over the forecast period 2017-2023.

This report estimates the market size of Barite in terms of value (USD Million) and volume (Kilo Tons) over the period of 2014 to 2023. The year 2015 is considered to be base years, and 2017 to 2023 is considered to be a forecast period. The historic data for 2013 and 2014 is also referred to while estimating and arriving at the market values for regional and global market sizes of barite. The market sizes for Barite by Grade, by application and by regions are estimated in terms of value and volume. This market research study provides detailed qualitative and quantitative analyses of the global Barite market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of barite. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and, Rest of the World (RoW). The market size and forecasts are also given for these regions.

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Global Barite Market: Trends and Forecast -2023

Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Barite market. Moreover, the study highlights current market trends and provides forecast from 2015 to 2021. We also have highlighted future trends in the global Barite market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

SEGMENTATION AND RESEARCH SCOPE BARITE MARKET SEGMENTATION

Region Grades

 Up to Sp. Gr. 3.9

 Gr. 4.0  Gr. 4.1

 Gr. 4.2  Gr. 4.3 and above

Applications

• Drilling Mud • Pharmaceut icals • Rubber & Plastics • Others

 North America

 Europe  Asia Pacific  RoW

The report segments the global barite market by Grade, application, and region. On the basis of types the barite market is segmented as Up to Sp. Gr. 3.9, Gr. 4.0, Gr.4.1, Gr. 4.2, Gr. 4.3 and above. Based on application, the market has been segmented into Drilling Mud, Pharmaceuticals, Rubber and Plastics,and,others. The global Barite Market is analyzed covering the regions such as North America, Europe, Asia- Pacific, Latin America and Rest of the World.

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Global Barite Market: Trends and Forecast -2023

RESEARCH METHODOLOGY METHODOLOGY Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Barite market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.

RESEARCH METHODOLOGY: AN OUTLINE

Primary Research

Secondary research

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• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars

• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others

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Global Barite Market: Trends and Forecast -2023

P r i m a r y R es ea r c h Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives.

Secondary Research Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and Worldbank, among others.

• Websites and publications by research agencies • The Barytes Association 5

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Global Barite Market: Trends and Forecast -2023

• U.S. Geological Survey • Europa • The Australasian Joint Ore ReservesCommittee (JORC) • Data.Gov.In (Govt. of India, Open Govt. Data platform) • Others DATA COLLECTION MATRIX: RESEARCH METHODOLOGY: DATA COLLECTION MATRIX

Demand Side analysis

Global market size (Consumption)

Supply Side Analysis

Production +Import -Export

Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global Barite market. The supply side analysis considers the production of Barite. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the Barite. The demand side analysis considers the Product areas of the Barite market. In this approach the various industry players are considered. The country-wise sales values provide the data of consumption of Barite in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional Barite market.

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Global Barite Market: Trends and Forecast -2023

RESEARCH APPROACHES The study on global Barite market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Million and volume in kilo tons. The research also covers the analysis of the various segments in the global Barite market. The estimates in the global Barite market are based on both bottom-up and top-down approaches.

RESEARCH APPROACHES- BOTTOM UP • Accumulation of the country level market size (value and volume) • Regional market size of Barite and its applications • •

Segment revenue of the key players Country level market size by type and applications (value and volume)

•

Identifying key players in the Barite market

•

Accumulation of the regional/country market size (value and volume) Global market size of Grades and applications

•

In the bottom-up approach the revenues of the key players are determined and added to arrive at the country or regional market size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of Barite market.

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Global Barite Market: Trends and Forecast -2023

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RESEARCH APPROACHES- TOP-DOWN

Top Down Approach • Global market size of Barite market • value and volume for 2017 to 2023 Global market

Market Segments

• % breakdown by market segments by grades and applications of barite • value and volume for 2017and 2023

Top- Down Approach Determine the regional market size

Country Level market sizing

• Regional market size of the Barite market (value and volume) • Regional market size of Grades and applications in terms of value

• Country level market size of the Barite market in every region (value and volume) • Country level market size of Grades and applications in every region

In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia Pacific, and RoW.

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Global Barite Market: Trends and Forecast -2023

IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES.

PRIMARY SOURCES

• Industry Publications

of

end-use

• Industry news ‘ • Data sources • U.S. Geological Survey

Infinium’s Data bank/Know how

• Europa • The Australasian Joint Ore Reserves Committee (JORC)

•C-level executives in the leading manufacturing companies of Barite •Product managers •Sales managers •Industry consultants •Distributors/Suppliers

• Others

• Annual Reports • Presentations • Company Websites

• Press Releases • News Articles • Journals

Primary Research

Secondary Research

• Paid Databases

Data Triangulation and Information Sources

The market size of barite is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the barite market. The primary interview participants typically include managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the barite market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the barite market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of barite. With the help of primary interviews and secondary research the market size of barite is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of barite in the world market.

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Company Publications .

SUPPLY SIDE

• Data.Gov.In (Govt. of India, Open Govt. Data platform)

General. Publications

DEMAND SIDE

• Government Agencies’ Publications

•Top executives industries •Intermediaries

Global Barite Market: Trends and Forecast -2023

EXECUTIVE SUMMARY GLOBAL BARITE MARKET HIGHLIGHTS, (USD MILLION) The global Barite market was 2015 and it is projected to reach USD 1xxx.x million in 2023, expanding at a CAGR of 4.2% between 2017 and 2023. The global Barite market is driven by the factors such as constant increase in oil and gas drilling activities, growing applications of barite in automobile industry and growing applications of barite in construction industry. However, high fluctuation of prices is the key restraining factors affecting the growth in this market over the forecast period.

Asia Pacific dominates the world barite market in terms of consumption followed

by North America. North America is anticipated to grow at the highest CAGR over the forecast period.The growth in this region is primarily driven by rapid growth in drilling activities in the U.S. and significant rise in shale gas production in the region. Among the countries worldwide the U.S. is the largest consumer followed

by Middle East and China. In terms of production the Asia-Pacific region followed

by Middle East is the largest region. China alone accounts for over 40% of the world barite production.

Asia Pacific is the largest revenue generating region and it is mainly driven by large scale production and consumption of barite minerals in China and India. North America is expected to growth at the highest CAGR of x.x% over the forecast period. Some of the key players in the global Barite market are The Andhra Pradesh Mineral Development Corporation Ltd , AshapuraMinechem Limited., Sojitz Corporation, Halliburton Company, Baker Hughes Incorporated, TETRA Chemicals (Tetra Technologies, Inc.)., and Schlumberger Limited.

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Global Barite Market: Trends and Forecast -2023

GLOBAL BARITE MARKET PROJECTION, 2015 – 2023 (USD MILLION)

2014

2015

2016

2017

2018

2019

2020

2021

Value

Barite market is expected to experience significant growth globally. The global market for Barite is expected to grow at a CAGR 4.6% over the period of 2017 to 2023; emerging markets are expected to impact the growth rate over the forecast period.

GLOBAL BARITE MARKET CAGR GROWTH BY REGIONS

x.x

x.x %

%

x.x %

North America Latin America

x.x %

Europe Asia Middle East

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x.x

%

Global Barite Market: Trends and Forecast -2023

Emerging markets of Asia-Pacific, Middle East and Latin America regions are expected to drive the growth in the world market. The Asia-Pacific region is expected to grow at a CAGR ofx.x% over the forecast period. North America is projected to grow at the highest CAGRx.x% over the period of 2017 – 2023.

DRO ANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Barite market. It covers analysis of short term and long term impact of drivers and restraints.

Through this analysis both short term and long term opportunities are identified.

These opportunities present the investment options and new markets for the market players in the Barite market.

Drivers refer to the factors that are expected to drive or boost the market size or demand for Barite. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Barite market both in short run and long run.

DRIVERS, RESTRAINTS AND OPPORTUNITIES IN GLOBAL BARITE MARKET

D

• • •

Driver 1 Driver 2 Driver 3

R

• • •

Restraint 1 Restraint 2 Restraint 3

O

• •

Opportunity 1 Opportunity 2

Drivers

Restraints

Opportunities

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Global Barite Market: Trends and Forecast -2023

IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and application segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment.

Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in this segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size.

Browse Detailed Toc, Description, and Companies Mentioned In Report @ https://www.infiniumglobalresearch.com/chemical-material/global-baritemarket

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Global Barite Market: Trends and Forecast -2023

IGR- GROWTH MATRIX ANALYSIS Growth Rate

Consolidation zone

Opportunity zone High

Low Risky zone

Retention zone Market Size High

Low

North America

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Europe

Asia-Pacific

Latin America

RoW

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