India Barite Market Size & Outlook, 2023-2030
India barite market, 2018-2030 (US$M)
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India barite market highlights
- The India barite market generated a revenue of USD 38.5 million in 2023 and is expected to reach USD 63.7 million by 2030.
- The India market is expected to grow at a CAGR of 7.5% 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 38.5 million |
| Market revenue in 2030 | USD 63.7 million |
| Growth rate | 7.5% (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, India accounted for 2.6% 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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India 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 69.61% in 2023. Horizon Databook has segmented the India barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
India is one of the top three producers of barite in the world. It is also one of the leading global exporters of this mineral. The Mangampet barite deposit located in the Kadapa district of Andhra Pradesh is recognized as the largest single deposit of barite in the world.
Andhra Pradesh has a significant concentration of barite reserves, which are primarily managed and processed by Andhra Pradesh Mineral Development Corporation Ltd (APMDC), a state-government-owned organization.
The Government of India is trying to reduce its dependence on oil & gas imports from other countries. As such, it has brought various positive policies to enhance the exploration and production of oil & gas in the country.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India barite market , including forecasts for subscribers. This country databook contains high-level insights into India barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India barite market size, by application, 2018-2030 (US$M)
India Barite Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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