According to a new market report published by Lucintel, the future of the global barium sulfate market looks promising with opportunities in the oil well drilling, chemical, and paint and coating industries. The global barium sulfate market is expected to reach an estimated $1.8 billion by 2027 with a CAGR of 4.6% from 2021 to 2027. The major drivers for this market are increasing drilling activity, rising crude oil prices, increasing penetration of barium sulfate in the pharmaceutical, and paint & coating industry.
Browse 96 market data tables and 111 figures spread through 179 pages and in-depth TOC on “Global Barium Sulfate Market"
In this market, natural and precipitated barium sulfate materials are used as fillers and additives in various end use industries. Lucintel forecasts that natural barium sulfate will remain the largest segment due to increasing production of oil and gas. Precipitated barium sulfate is expected to witness the highest growth over the forecast period due to increasing demand from paint and glass industry.
Within the barium sulfate market, oil well drilling will remain the largest end use industry over the forecast period due to growth in unconventional oil and gas extraction and rapid industrialization in emerging economies.
North America will remain the largest region over the forecast period, as USA dominate the barium sulfate consumption due to high oil well drilling activity and growth in chemical industry will drive the demand for oil well drilling and chemical industry in the North America region.
Cimbar Performance Minerals, Sakai Chemical Industry Co., Ltd., Hebei Xinji Chemical Group Co., Ltd., Hubei Hoyonn Chemical Industry Co. Ltd., and ShenzhouJiaxin Chemical are among the major barium sulfate manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global barium sulfate market by end use industry, product type, deposit type, and region and has come up with a comprehensive research report titled “Growth Opportunities in the Global Barium Sulfate Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trend and forecast for the global barium sulfate market by end use industry, product type, deposit type and region as follows:
By End Use Industry [Value ($M) and Volume (Kilotons) shipment analysis from 2016 to 2027]:
•Glass
•Oil Well Drilling
•Paint
•Chemical
•Others
By Product Type [Value ($M) and Volume (Kilotons) shipment analysis from 2016 to 2027]:
•Natural
•Precipitated
By Deposit Type [Value ($M) and Volume (Kilotons) shipment analysis from 2016 to 2027]:
•Bedded
•Vein
•Residual
By Region [Value ($M) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
•North America
–United States
–Canada
–Mexico
•Europe
–France
–Germany
–Italy
•Asia Pacific
–Japan
–China
–India
•The Rest of the World
This 179-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/barium-sulfate-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global barium sulfate by end use industry (glass, oil well drilling, paint, chemical and others), product type (natural and precipitated), by deposit type (bedded, vein, and residual), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?