U.S. Barite Market Size & Outlook, 2023-2030
U.S. barite market, 2018-2030 (US$M)
Related Markets
U.S. barite market highlights
- The U.S. barite market generated a revenue of USD 513.6 million in 2023 and is expected to reach USD 745.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.5% 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 513.6 million |
| Market revenue in 2030 | USD 745.3 million |
| Growth rate | 5.5% (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, U.S. accounted for 34.1% 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 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 |
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U.S. 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 82.71% in 2023. Horizon Databook has segmented the U.S. barite market based on oil & gas, chemicals, fillers, other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is one of the largest consumers of barite in the world owing to its rising demand and consumption by the oil & gas industry.
The production of oil & gas in the U.S. has increased in recent years owing to the exploration of shale gas and tight oil reserves in the country that has led to an increase in demand for drilling fluids and therefore, barite.
According to USGS, annual average rig counts increased by nearly 50% in the country in 2022. In response to this trend, domestic sales of ground barite grew by 26% in the same year.
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Target buyers of U.S. 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 U.S. barite market , including forecasts for subscribers. This country databook contains high-level insights into U.S. barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. barite market size, by application, 2018-2030 (US$M)
U.S. Barite Market Outlook Share, 2023 & 2030 (US$M)
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