Morocco Barite Market Size & Outlook, 2023-2030

The barite market in Morocco is expected to reach a projected revenue of US$ 25.1 million by 2030. A compound annual growth rate of 6% is expected of Morocco barite market from 2024 to 2030.
Revenue, 2023 (US$M)
$16.6
Forecast, 2030 (US$M)
$25.1
CAGR, 2024 - 2030
6.1%
Report Coverage
Morocco

Morocco barite market highlights

  • The Morocco barite market generated a revenue of USD 16.6 million in 2023 and is expected to reach USD 25.1 million by 2030.
  • The Morocco market is expected to grow at a CAGR of 6% 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 2023USD 16.6 million
Market revenue in 2030USD 25.1 million
Growth rate6% (CAGR from 2023 to 2030)
Largest segmentOil & gas
Fastest growing segmentFillers
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOil & Gas, Chemicals, Fillers, Other Applications
Key market players worldwidePacific 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 25.1 million by 2030.

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Barite Market Companies

Name Profile # Employees HQ Website

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 72.89% in 2023. Horizon Databook has segmented the Morocco barite market based on oil & gas, chemicals, fillers, other applications 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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Target buyers of Morocco barite market databook

  • Our clientele includes a mix of barite market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 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)

Morocco barite market size, by application, 2018-2030 (US$M)

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