Barite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Transparency Market
Research
Barite Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023

Published Date
13-July-2015

98 Page Report

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Press Release

Barite Market to Expand at CAGR of 5.8% between 2015 and
2023 due to Extensive Use in Drilling : TMR
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Barite Market

REPORT DESCRIPTION
Barite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Transparency Market Research has released a new market study on the global barite market, titled "Barite
Market for Oil and Gas, Chemicals, and Other Applications - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023." According to the report, the global barite market, which was
valued at US$1.1 bn in 2014, is expected to reach a value of US$1.8 bn in 2023, expanding at a CAGR of
5.8% between 2015 and 2023 owing to the increase in the production of oil and gas.
Browse the full Barite Market for Oil and Gas, Chemicals, and Other Applications - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at :
http://www.transparencymarketresearch.com/barite-market.html
Barite is a colorless mineral consisting of barium sulfate. It can also be found in various shades of blue, green,
yellow, and is also available in milky white color. Barite is found in sedimentary rocks and weighs twice as
much as ordinary rocks of the same size and has a specific gravity of 4.50g/cu cm, which enables them to
possess characteristics useful for drilling. Barite is an element that is critical to drilling applications. Since it is
insoluble in water and chemically inactive, it is highly useful as a weighting agent in the oil and gas industry.
A typical barite mining operation makes use of the open pit method to extract the ore. It...