Barite Market to Grow at a CAGR of 4.2% through 2029Posted by ankush Nikam on March 20th, 2020 Riding the growing trend of high energy consumption, and the resultant demand for oil and gas, the global barite market is projected to display a moderate 4.2% CAGR through the end of 2029. Capabilities of barite to absorb gamma and x-rays has generated lucrative opportunities for growth of the barite market. A new Future Market Insights (FMI) study reveals that product innovations and geographic expansion would remain the focal point for manufacturers in the barite market. "Major players in global barite market are diversifying their product portfolio across multiple end-use industries through expansion and innovation to sustain their market position," says the FMI report. Barite Market: Key Findings
Barite Market: Key Driving Factors
Barite Market: Key Restraints
Competition Landscape The global barite market is consolidated, where leading players hold key positions, across the globe, except in China, where the market is fragmented. Targeting the production of barite to meet the needs of variegated applications will be among the key strategies of manufacturers. Companies are also investing in product innovation and launches, research and development activities, and capacity and geographical expansions to bolster growth in untapped markets. FMI's analysis also indicates that companies are preferring expansion in Asia Pacific to leverage lucrative opportunities. Some of the major companies operating in the global barite market include, but are not limited to, Guizhou Sinobarite Mining Co., Ltd., Ecostar, Andhra Pradesh Mineral Development, Corpomin, Excalibar Minerals, Halliburton Energy Services Inc., and Milwhite. Press Release Source: https://www.accesswire.com/580422/Barite-Market-to-Show-Modest-Growth-Trajectory-of-42-through-2029-Oil-and-Natural-Gas-Exploration-Activities-Continue-to-Drive-Growth-Concludes-FMI-Study Explore FMI's extensive research coverage in Chemicals & Materials landscape
About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Future Market Insights
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