Colombia Barite Market Size & Outlook, 2023-2030
Colombia barite market, 2018-2030 (US$M)
Related Markets
Colombia barite market highlights
- The Colombia barite market generated a revenue of USD 11.9 million in 2023 and is expected to reach USD 14.5 million by 2030.
- The Colombia market is expected to grow at a CAGR of 2.8% 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 11.9 million |
| Market revenue in 2030 | USD 14.5 million |
| Growth rate | 2.8% (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, Colombia accounted for 0.8% 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 Latin America, Brazil barite market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 17.1 million by 2030.
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Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia 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 73.11% in 2023. Horizon Databook has segmented the Colombia barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for barite in Colombia is driven by its flourishing oil & gas industry, which has witnessed significant growth in recent years due to the discovery of new reserves of oil & gas in the country and increased investments in this industry.
In May 2022, Ecopetrol and Anadarko Colombia Co. partnered to conduct joint exploration activities in the deepwater blocks COL 1, COL 2, COL 6, and COL 7 located in the northeastern region of the Caribbean Sea in Colombia.
Similarly, in August 2022, Petrobras, a Brazil-based oil & gas company, announced the confirmation of a natural gas reser.
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Our clientele includes a mix of barite market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia barite market , including forecasts for subscribers. This country databook contains high-level insights into Colombia barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia barite market size, by application, 2018-2030 (US$M)
Colombia Barite Market Outlook Share, 2023 & 2030 (US$M)
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