Global Barite Market Will Be Worth of Us$ 1.84 Bn in 2023, Expanding at a Cagr of 5.8% Between 2015-2023

Transparency Market

Research

Barite Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 - 2023

Published Date

13-July-2015

98 Page Report

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Use of Barite in Nuclear Industry Emerges as Growing Trend,

reports TMR

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Barite Market

REPORT DESCRIPTION

Barite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The global barite market is moderately fragmented. The Andhra Pradesh Mineral Development Corporation

Ltd, China Shen Zhou Mining and Resources Inc, and Ashapura Group of Industries are the top three

companies, which accounted for 27.9% of the market in 2014. Other companies in the market include Mil-Spec

Industries Corporation, Anglo Pacific Minerals, Excalibar Minerals LLC, and International Earth Products LLC.

Most companies are focused on expanding their manufacturing capacities and establishing new business units

in the emerging markets of Asia Pacific, states a new report by Transparency Market Research (TMR).

Companies are also investing in new barite mining projects to expand their reserves and grow in the market.

The threat of new entrants is expected to be medium as there are low entry barriers for players owing to the

fragmented nature of the market. Securing mining rights from the government is the major hurdle for players.

There exists a significant threat of backward integration from oil field services company. The barite market also

faces medium threat from substitutes such as iron ore, itabirite, antimony sulphide, celestite, potash, dolomite,

and ilmenite.

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