Canada Barite Market Size & Outlook, 2023-2030
Canada barite market, 2018-2030 (US$M)
Related Markets
Canada barite market highlights
- The Canada barite market generated a revenue of USD 83.4 million in 2023 and is expected to reach USD 112.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.3% 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.
Barite market data book summary
| Market revenue in 2023 | USD 83.4 million |
| Market revenue in 2030 | USD 112.0 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Fillers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 5.5% of the global barite market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. barite market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 745.3 million by 2030.
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Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 80.7% in 2023. Horizon Databook has segmented the Canada barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is one of the leading producers of oil & gas in the world with significant conventional and unconventional reserves of oil sand and shale gas.
These reserves require extensive drilling activities to harness them, thereby driving the demand for drilling fluids and barite in the country.
The oil & gas industry in Canada has been focusing on using environment-friendly drilling fluids. As barite-based drilling fluids are considered to be more environment-friendly.
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Target buyers of Canada 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 country-level data and insights on the Canada barite market , including forecasts for subscribers. This country databook contains high-level insights into Canada barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada barite market size, by application, 2018-2030 (US$M)
Canada Barite Market Outlook Share, 2023 & 2030 (US$M)
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