Morocco Barite Market Size & Outlook, 2024-2030
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Morocco barite market highlights
- The Morocco barite market generated a revenue of USD 16.4 million in 2023 and is expected to reach USD 24.8 million by 2030.
- The Morocco market is expected to grow at a CAGR of 6.2% 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 16.4 million |
| Market revenue in 2030 | USD 24.8 million |
| Growth rate | 6.2% (CAGR from 2024 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 |
| 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, Morocco accounted for 1.1% 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 Middle East & Africa, Saudi Arabia barite market is projected to lead the regional market in terms of revenue in 2030.
- Morocco is the fastest growing regional market in Middle East & Africa and is projected to reach USD 24.8 million by 2030.
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Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cimbar Performance Minerals | View profile | 51-100 | Chatsworth, Georgia, United States, North America | https://www.cimbar.com/ |
| Ashapura Group | View profile | - | Mumbai, Maharashtra, India, Asia | http://ashapurabentonite.com |
| PVS Chemicals | View profile | 101-250 | Detroit, Michigan, United States, North America | http://www.pvschemical.com |
| Calibre Mining Corp | View profile | 1241 | 200 Burrard Street, Suite 1560, Vancouver, BC, Canada, V6C 3L6 | https://www.calibremining.com |
| Pacific Booker Minerals Inc | View profile | 2 | 1166 Alberni Street, Suite 1203, Vancouver, BC, Canada, V6E 3Z3 | https://www.pacificbooker.bc.ca |
| Schlumberger Ltd | View profile | 111000 | 5599 San Felipe, 17th Floor, Houston, TX, United States, 77056 | https://www.slb.com |
Morocco 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 76.83% in 2023. Horizon Databook has segmented the Morocco barite market based on oil & gas, chemicals, fillers covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market in this country can be attributed to increasing investments in the oil & gas and construction industries, as well as surging number of infrastructure development projects.
Morocco has a substantial infrastructure to support oil & gas exploration and production activities. The country has a modest upstream oil industry.
Moreover, it has significant unexplored hydrocarbon potential. Underlying growth prospects of the oil & gas industry of the country are anticipated to create new avenues for the development of barite market in Morocco in the coming years.
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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 Morocco barite market , including forecasts for subscribers. This country databook contains high-level insights into Morocco barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Morocco barite market size, by application, 2018-2030 (US$M)
Morocco Barite Market Outlook Share, 2023 & 2030 (US$M)
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