South Korea Barite Market Size & Outlook, 2023-2030
South Korea barite market, 2018-2030 (US$M)
Related Markets
South Korea barite market highlights
- The South Korea barite market generated a revenue of USD 7.7 million in 2023 and is expected to reach USD 11.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.4% 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 7.7 million |
| Market revenue in 2030 | USD 11.8 million |
| Growth rate | 6.4% (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, South Korea accounted for 0.5% 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 Asia Pacific, China barite market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 63.7 million by 2030.
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Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 59.74% in 2023. Horizon Databook has segmented the South Korea barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
In November 2021, the Government of South Korea announced the construction of the first-ever floating city in the world which is expected to be completed by 2025.
The construction cost of this floating city is estimated to be approximately USD 195 million, and it is expected to house approximately 10,000 residents.
This project is anticipated to increase the demand for paints & coating and cement in the country in the coming years. The government of the country is also focusing on providing affordable housing to its citizens.
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Target buyers of South Korea 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 South Korea barite market , including forecasts for subscribers. This country databook contains high-level insights into South Korea barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea barite market size, by application, 2018-2030 (US$M)
South Korea Barite Market Outlook Share, 2023 & 2030 (US$M)
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