Europe Barite Market Size & Outlook, 2023-2030
Europe barite market, 2018-2030 (US$M)
Related Markets
Europe barite market highlights
- The Europe barite market generated a revenue of USD 171.1 million in 2023.
- The market is expected to grow at a CAGR of 6% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 171.1 million |
| Market revenue in 2030 | USD 257.8 million |
| Growth rate | 6% (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, Europe region accounted for 11.4% 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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Europe 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 61.43% in 2023. Horizon Databook has segmented the Europe barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The invasion of Ukraine by Russia affected the barite supply chain. The war adversely impacted the trade of natural gas in Europe, which made the issue worse for European countries. Energy-intensive sectors such as chemicals and manufacturing either halted or temporarily suspended their operations across Europe owing to these difficulties.
However, due to the energy crisis, countries in the region are investing in oil & gas exploration & production, which is expected to increase the demand for barite over the forecast period. For instance, in October 2022, the Italian government announced that double its gas production. As of 2022, the average gas production of Italy was around 3 billion cubic meters (bcm), and the country has plans to double this over the coming years.
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Our clientele includes a mix of barite market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe barite market , including forecasts for subscribers. This continent databook contains high-level insights into Europe barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe barite market size, by country, 2018-2030 (US$M)
Europe Barite Market Outlook Share, 2023 & 2030 (US$M)
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