Baryte or barite is a white or colorless mineral and is a major source of barium. The barite group consists of anhydrite, baryte, celestine, and anglestite. Barite can be commonly found in the lead-zinc veins in limestones and are deposited through wide range of processes including, evaporation, hydrothermal, and biogenic, among others. It is an industrial mineral that contains 34.3% sulfate and 65.7% barium oxide when in pure form. The properties such as low solubility, high density, chemical inertness, and low cost makes barite an essential industrial mineral, with high demand in the oil and gas, paint and coatings, and pharmaceutical industries.

Market Dynamics

The major diver propelling the growth of this market include rapidly developing oil & gas industry. According to American Chemistry Council (ACC), due to the availability of cheap and abundant ethane and shale gas, there is a boom in the chemical industry in U.S with influx of 294 new projects by the end 2017. Further, with rise in demand for energy, there is increased demand for oil & gas, which in turn has shown a positive effect on the barite market

Market Taxonomy

The report segments the global Barite market on the basis of grade, color, end-use industry, and geography. On the basis of grade, the market is segmented into grade up to 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 market is categorized into brown, white and off-white, grey and others. On the basis of end-user industry, the market is segmented as oil & gas, paint & coating, pharmaceuticals, rubber and plastics, textiles, adhesives and others. On the basis of geography, the market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

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Major Keyplayers: Seaforth Mineral & Ore Co. Inc., CIMBAR Performance Minerals, Shijiazhuang Oushun Mineral Products Company Limited, Excalibar Minerals LLC, Shanghai Titanos Industry Company Limited. International Earth Products LLC. Spectrum Chemical Manufacturing Corporation, Anglo Pacific Minerals, and Desku Group Inc,

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