Barite Market Research 2015 - 2023

Transparency Market

Research

Barite Market for Oil and Gas, Chemicals, and Other

Applications - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 - 2023

Published Date

13-July-2015

98 Page Report

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Press Release

Barite Market is Expected to Reach US$ 1.84 Bn in

2023:Transparency Market Research

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Barite Market

REPORT DESCRIPTION

Barite Market for Oil and Gas, Chemicals, and Other Applications - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 - 2023

Transparency Market Research has published a new report titled “Barite Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the reportThe global barite market

was valued at US$ 1.11 Bn in 2014 and is likely to reach US$ 1.84 Bn in 2023, expanding at a CAGR of

5.8% between 2015 and 2023.

Browse the full Barite Market report at http://www.transparencymarketresearch.com/baritemarket.html

Barite is a colorless mineral, primarily comprising barium sulfate with few impurities. It is the primary

source of barium. Barite is used in industries such as oil and gas and chemicals. It is also employed in

electronics, medical, automotive, rubber, and paint industries. Barite is an important component of drilling

fluids that are used in the crude oil drilling process in the oil and gas industry. It is used as a weighting

agent in drilling fluids to inhibit overflow and suppress high formation pressure during the drilling process

due to its high specific gravity.

Rise in exploration and production activities in the oil and gas industry is estimated to drive the barite

market in the near future. Barite forms an indispensable component of drilling fluid. It is used in drilling as

well as completion...