Latin America Barite Market Size & Outlook, 2023-2030
Latin America barite market, 2018-2030 (US$M)
Related Markets
Latin America barite market highlights
- The Latin America barite market generated a revenue of USD 48.2 million in 2023.
- The market is expected to grow at a CAGR of 3% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 48.2 million |
| Market revenue in 2030 | USD 59.1 million |
| Growth rate | 3% (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, Latin America region accounted for 3.2% 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 |
|---|
Latin America 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 68.67% in 2023. Horizon Databook has segmented the Latin America barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The primary reason for the increased consumption of barite in Central & South America is the flourishing oil & gas industry in the region that uses barite as a weighting agent in drilling fluids. As oil & gas exploration and production activities are surging in Central & South America, the demand for barite is also rising in the region.
For instance, several private international firms, including subsidiaries of Shell Group, were granted six offshore concessions by ANCAP, the state-owned hydrocarbons company of Uruguay, in 2022. These concessions permit oil & gas exploration activities in the waters of the country.
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Target buyers of Latin America 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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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 Latin America barite market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America barite market size, by country, 2018-2030 (US$M)
Latin America Barite Market Outlook Share, 2023 & 2030 (US$M)
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