Global consumption of barite will reach 6,338,000 Tons in 2023, and the price will rise to US $86 / ton

Author: QYResearch  |   Published Date: 2018-05-14   |   Views: 496

Publisher: QYResearch

Published Date: 2018-05-14


Barite is an important mine resource, which is mainly used in drilling industry (Rig). Barite reserve is distributed in China, India and Morocco. China is a leading barite resource distribution region and barite production region. In China, barite resource is distributed in Guizhou, Guangxi and Yunnan province. China has many barite suppliers and market concentration is low. India own the second largest barite resource. In India, Andhra Pradesh Mineral Development is a leading company.

Barite have many different applications, including drilling industry (rig), medical industry, rubber & plastics, pulps and papers, paints and coatings and cosmetic industry. Drilling industry (rig) is the largest consumption field. During 2012-2016, drilling industry (rig) consumed barite varied from 8,264,000 Tons in 2012 to 6,107,000 Tons in 2016, with an average decrease rate of 7.28%. Affected by oil & gas industry, drilling industry consumed barite tend to decrease.

Global major production regions are China and India. In 2016, China produced 2,771,000 Tons barite and India produced 1,101,000 Tons. China and India are two major exporting countries. Meanwhile, USA is a major importing region. In 2016, USA consumed 1,450,000 Tons, which have produced only 422,000 Tons. During 2012- 2016, USA consumption decreased from 3,430,000 Tons in 2012 to 1,450,000 Tons in 2016, which have great impaction on global total consumption.

During past five years, global total consumption decreased from 922,000 Tons in 2012 to 6,882,000 Tons in 2017, with an average decreased rate of 5.68%. Barite price increased firstly from 69 USD/Ton in 2012 to 74 USD/Ton in 2013, and then decreased in 2013. Since 2014, barite price kept increasing. Currently, barite average price is about 77 USD/Ton.

In the future, we predict that global consumption will keep decreasing. By 2023, global consumption will be 6338 Tons. Barite price will increase to 86 USD/MT by 2023. 

The Global Barite Products Market Research Report 2018 report released by QYResearch provides a basic overview of the Barite industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Barite industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report:https://www.qyresearch.com/index/detail/98611/global-barite-products-market

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