Mexico Barite Market Size & Outlook, 2023-2030
Mexico barite market, 2018-2030 (US$M)
Related Markets
Mexico barite market highlights
- The Mexico barite market generated a revenue of USD 18.5 million in 2023 and is expected to reach USD 22.7 million by 2030.
- The Mexico 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.
Barite market data book summary
| Market revenue in 2023 | USD 18.5 million |
| Market revenue in 2030 | USD 22.7 million |
| Growth rate | 3% (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, Mexico accounted for 1.2% 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 North America, U.S. barite market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 745.3 million by 2030.
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Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 80% in 2023. Horizon Databook has segmented the Mexico barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is one of the largest consumers of barite in the world. The country has significant reserves of the mineral with mines located in several states, including Chihuahua, Sonora, Durango, Zacatecas, and Guerrero.
In addition, increasing investments in offshore drilling activities are expected to propel the demand for barite in the country during the forecast period.
The company will drill in block 22 in the Salina basin offshore of Tabasco. Similarly, in March 2023, Eni announced that it had found a new oil field in block 7.
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Target buyers of Mexico 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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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico barite market , including forecasts for subscribers. This country databook contains high-level insights into Mexico barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico barite market size, by application, 2018-2030 (US$M)
Mexico Barite Market Outlook Share, 2023 & 2030 (US$M)
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