Infinium Global Research Global Barite Market | Page 2

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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