LONDON--(BUSINESS WIRE)--More than 80% of barite mined is used in drilling in the petroleum industry. It is also utilised in the production of chemicals, plastics, paints, among others.
In 2015, the world’s barite mine production fell, dropping to 7.46 million tonnes from 8.25 million tonnes in 2014.
The USA is the largest consumer, and a decrease in the country’s demand for the product has considerably impacted the global barite marketplace. China comes the second in terms of barite consumption, 1.90 million tones, respectively, as of 2015.
In the recent past, India, Mexico, and Morocco greatly expanded barite output and commodity exports to the USA; although, in 2015 these countries decreased their barite production to a great degree owing to a drop in product consumption in the USA.
China is the leading barite producer, accounting for close to 40% of the world’s total output; the country is followed by India, Morocco and the USA. Germany and the UK are the dominant producers across the European region.
Comprehensive research report “Barite: 2016 World Market Review and Forecast” published by Merchant Research & Consulting offers a detailed, unrivalled analysis of the world's barite market. It contains trustworthy data on current status and historical background of the sector, and also provides detailed market forecasts for the next five years. The study includes a comprehensive market analysis, covering granular statistics on barite mine production, consumption, demand, application fields, prices, downstream markets, projects, etc. Detailed profiles of the major manufacturers worldwide are provided. The report provides detailed analyses of the regional and country barite markets, covering mine production and consumption balance, exports and imports of natural barium sulphate over the past few years, key manufacturers. The research study provides a five-year market forecast.
Historical data are provided for 2010-2015, and forecast figures are given through to 2020.
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