Transparency Market Research delivers key insights on the global barite market. In terms of revenue, the global barite market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global barite market.
The global barite market is broadly affected by several factors, including usage of barite in various applications such as drilling mud, pharmaceuticals, rubber & plastics, and others. Rise in global demand for energy has led to significant increase in the oil & gas production. Foreign investments in the oil & gas sector have increased across the globe; as a result, production of oil and gas has increased significantly. Barite is used as a weighting agent in drilling mud in oil & gas production. This is expected to drive the barite market during the forecast period.
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