Germany Barite Market Size & Outlook, 2023-2030
Germany barite market, 2018-2030 (US$M)
Related Markets
Germany barite market highlights
- The Germany barite market generated a revenue of USD 31.0 million in 2023 and is expected to reach USD 49.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 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 31.0 million |
| Market revenue in 2030 | USD 49.7 million |
| Growth rate | 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, Germany accounted for 2.1% 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 Europe, Russia barite market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 49.7 million by 2030.
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Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 62.58% in 2023. Horizon Databook has segmented the Germany barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the largest consumers of energy in Europe. As of 2021, primary consumption amounted to 12,193 petajoules, of which 75% comes from fossil fuels.
In 2021, Russia accounted for 55% of the country’s gas imports. After the imposition of sanctions on Russia in 2022 due to the Russia-Ukraine war, Germany is trying to reduce its energy dependence on Russia and is looking for alternatives.
The country is investing in offshore drilling, which is expected to positively influence the barite market. For instance, in June 2022, the government of the country announced that the Netherlands and Germany.
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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 Germany barite market , including forecasts for subscribers. This country databook contains high-level insights into Germany barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany barite market size, by application, 2018-2030 (US$M)
Germany Barite Market Outlook Share, 2023 & 2030 (US$M)
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