Asia Pacific Barite Market Size & Outlook, 2023-2030
Asia Pacific barite market, 2018-2030 (US$M)
Related Markets
Asia Pacific barite market highlights
- The Asia Pacific barite market generated a revenue of USD 349.3 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, oil & gas was the largest revenue generating application in 2023.
- Fillers is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 349.3 million |
| Market revenue in 2030 | USD 503.1 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Fillers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oil & Gas, Chemicals, Fillers, Other Applications |
| Key market players worldwide | Pacific Booker Minerals Inc, Calibre Mining Corp, Schlumberger Ltd, PVS Chemicals, Ashapura Group, Cimbar Performance Minerals |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.2% of the global barite market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 257.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific barite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to barite market will help companies and investors design strategic landscapes.
Oil & gas was the largest segment with a revenue share of 69.68% in 2023. Horizon Databook has segmented the Asia Pacific barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing offshore oil & gas drilling activities is the key driver fueling the growth of the barite market in Asia Pacific. Also, the flourishing end-use industries such as medical and building & construction in the region are anticipated to contribute to the growth of the barite market in Asia Pacific from 2023 to 2030.
The inward foreign direct investments (FDIs) in Asia Pacific were worth USD 619.00 billion in 2021, the highest of all regions in the world. FDI inflows in China were valued at USD 180.90 billion in 2021, while investments worth USD 149.30 billion were made in the country in 2020.
An increase in FDIs in Asia Pacific has led to the enhanced development of different industries such as manufacturing, chemicals & pharmaceuticals, and oil & gas, resulting in a rise in demand for barite in the region. Moreover, the countries of Asia Pacific are making efforts to surge the exploration and production of oil & gas from offshore fields. This is expected to have a positive influence on the demand for barite in the region.
Reasons to subscribe to Asia Pacific barite market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific barite market databook
-
Our clientele includes a mix of barite market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific barite market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific barite market size, by country, 2018-2030 (US$M)
Asia Pacific Barite Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
