Global Barite Market Regional outlook, Industry Segments, Key factors Barite Market Report 2017-2024

Barite Market Forecast & Competitive Market Share,
2016 - 2024: Global Market Insights, Inc.
Global Barite Market size is expected to witness significant growth, registering a CAGR close
to 4% in the forecast period. Barite, chemical name BaSO4 (baryte), is a product containing
mineral sulphate. The total barite reserve all over the globe is approximately 2 billion tons,
though, only 730 million tons is considered for useful purposes.
The product is used in drilling mud as a weighting agent, which makes it an essential
component in oil & gas industry. With the rising demand for energy solutions across the
globe, oil & gas production is witnessing an enormous rise, which is positively influencing
the barite market size globally.
The product in the cement industry used as radiation shielding mineral and the persistent
growth of construction industry, due to heavy investment flowing to uplift infrastructure in
countries all over the world, will be driving the global barite market size by 2024.
The rise in disposable income is elevating the consumerism across the globe, which is
fuelling the retail as well as e-commerce industry (majorly electronic appliances and goods),
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