Middle East & Africa Barite Market Size & Outlook
Middle East & Africa barite market, 2018-2030 (US$M)
Related Markets
MEA barite market highlights
- The MEA barite market generated a revenue of USD 321.0 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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, Morocco is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 321.0 million |
| Market revenue in 2030 | USD 431.1 million |
| Growth rate | 4.3% (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, MEA region accounted for 21.3% 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.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 82.68% in 2023. Horizon Databook has segmented the Middle East & Africa barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East is a major producer and exporter of crude oil and natural gas. Therefore, the demand for barite is high in this region as this mineral is used extensively in the oil & gas industry of the Middle East. The increasing investments by countries of the region to increase their oil & gas production are expected to propel the demand for barite in the Middle East during the forecast period.
The countries in the Middle East & Africa are expected to witness significant economic growth in the coming years owing to diversification initiatives undertaken by their governments to reduce the dependence of these countries on their oil & gas industry.
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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 Middle East & Africa barite market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA barite market size, by country, 2018-2030 (US$M)
Middle East & Africa Barite Market Outlook Share, 2023 & 2030 (US$M)
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