China Barite Market Size & Outlook, 2023-2030
China barite market, 2018-2030 (US$M)
Related Markets
China barite market highlights
- The China barite market generated a revenue of USD 211.3 million in 2023 and is expected to reach USD 290.8 million by 2030.
- The China market is expected to grow at a CAGR of 4.7% 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 211.3 million |
| Market revenue in 2030 | USD 290.8 million |
| Growth rate | 4.7% (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, China accounted for 14.0% 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 Asia Pacific, China barite market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 63.7 million by 2030.
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Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 64.69% in 2023. Horizon Databook has segmented the China barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
As of April 2023, China held the largest market share of the barite market in Asia Pacific. The consumption of barite in China is driven by the large and diverse industrial base of the country that comprises oil & gas, chemicals, and construction industries.
Barite is used as a filler and extender in the production of various chemical products such as paints & coatings, rubber, plastics, and adhesives.
China has a well-established chemicals industry, which contributes to the demand for barite in the country.
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Target buyers of China 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 China barite market , including forecasts for subscribers. This country databook contains high-level insights into China barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China barite market size, by application, 2018-2030 (US$M)
China Barite Market Outlook Share, 2023 & 2030 (US$M)
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