Barite or baryte is a mineral which mainly contains 65.7% barium oxide and 34.3% sulfate in its pure form. Sometimes natural barite also consists of trace amount of strontium. It is an industrial mineral with high density, low solubility, high brightness & whiteness, chemical inertness, softness, and lesser cost. The most significant feature of barite is its relatively high density of 4.5g/cm3 making it commercially important for industrial, medical, and production. Main applications of this mineral include filler in paint & plastics, source of barium, production of lithopone, absorber of harmful rays, flux during glass manufacture adding brilliance & clarity, and more.

In the global barite market, the rise in demand from paints, automotive, plastics and oil & gas industries is expected majorly drive the market. Asia-Pacific is expected to witness significant growth owing to increase in demand for barite for rapidly growing oil & gas, paints and plastics industries. In the U.S., growth in product demand due to the shale oil drilling is another factor that supports the market growth. However, substitution of barite from other minerals such asilmenite, celestite, iron ore, and synthetic hematite is expected to hamper the market growth.

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The report segments the barites market on the basis of deposit type, grade, color, end-user industry, and geography. Based on deposit type, the market is divided into residual, bedding, vein, and cavity filling. On account of grades, the barite market is classified into upto grade 3.9, grade 4.0, grade 4.1, grade 4.2, grade 4.3, and grade above 4.3. On the basis of color, the barite market is categorized as white & off-white, grey, brown, and others. By end-user industry, the market is classified into oil & drilling, paints & coatings, pharmaceuticals, rubber & plastics, textiles, adhesives, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major market players provided in the report are:

· APMDC
· Ashapura Group
· Desku Group Inc.
· Excalibar Minerals LLC
· Halliburton Co.
· International Earth Products LLC
· Kaomin Industries
· Mil-Spec Industries Corporation
· Milwhite Inc.
· Seaforth Mineral & Ore Co. Inc.

Key Benefits:
· This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the global barites market.
· Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
· Detailed analysis of the industry based on the grade and end user industry help understand the trending variety and potential end user industry.
· Porters Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.
· Extensive analysis of the market is conducted by following key product positioning and monitoring of top players within the market framework.

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