Asia Pacific Barite Market Size & Outlook, 2023-2030
Asia Pacific barite market, 2018-2030 (US$M)
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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.
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Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
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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.
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.
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Target buyers of Asia Pacific barite market databook
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Our clientele includes a mix of barite market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
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Asia Pacific barite market size, by country, 2018-2030 (US$M)
Asia Pacific Barite Market Outlook Share, 2023 & 2030 (US$M)
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