Market Overview:
The global barite and unconventional oil and gas market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for barite from the oil industry, chemical industry, metal foundry industry, and other applications. In terms of type, the drilling grade segment is expected to lead the market during the forecast period. This can be attributed to its high demand from drilling applications in various industries such as oil & gas, mining & construction, and others.
Product Definition:
Barite is a mineral composed of barium sulfate (BaSO4). It is generally white or colorless, and is the main source of barium. Unconventional oil and gas are hydrocarbons that are obtained from sources other than traditional oil reservoirs. These sources include tight sandstone formations, shale formations, and coal beds.
Drilling Grade:
Drilling grade is a special type of petroleum product used in the oil and gas industry. It has several properties such as viscosity, density, sulfur content which makes it an ideal material for drilling purposes. The growth factor for this market is unconventional oil & gas resources especially in Middle East and North America coupled with growing demand from end-use industries such as automotive and construction.
Paint Grade:
Paint grade is a fine particulate material used in the oil and gas industry as an additive during the processing of crude oil to improve its quality. It helps in removing waxes, paraffins, and other contaminants from crude oil. The major application areas include lubricants & greases, barium sulfate slurry (BSS), sour gas treatment, and drilling muds among others.
Application Insights:
The oil industry accounted for the largest share of over 70.0% in 2017. The use of barite as a drilling fluid and mud carrier is expected to drive its demand in this application segment over the forecast period owing to its ability to reduce friction, carry shale debris, control temperature and prevent corrosion on pipes & equipment.
The chemical industry is anticipated to witness significant growth at a CAGR of XX% from 2018 to 2030 owingto increasing utilization of barium carbonate (BaCO3) as an acid former for manufacturing various chemicals including adipic acid (a basic chemical used in the production of polyester fibers), boric acid (a strong mineral acids used for cleaning rust from iron & steel), calcium carbonate (for example, Tylose Calcium Bicarbonate), peroxides calcium carbonates and others such as phenol formaldehyde resinakers etc.
Regional Analysis:
North America dominated the global barite and unconventional oil and gas market in 2017. The growth of unconventional energy resources, mainly shale gas, tight oil, and tar sands coupled with increasing demand for industrial minerals from the automotive industry is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid development of unconventional energy resources in countries such as China, India, Australia, South Korea etc. In addition there has been a rise in exploration activities for rare earth elements which are majorly sourced from Asia Pacific thus making it an important region for barite mining operations across globe. Moreover Unconventional Oil & Gas Reserves (UOGR) by Ministry of Energy & Mineral Resources (MoEMR) Government of India is a comprehensive list of hydrocarbon reserves that cannot be recovered through conventional methods such as drilling & pumping or by using expensive techniques like enhanced oil recovery (EOR).
Growth Factors:
- Increasing demand from the oil and gas industry for barite as a weighting agent in drilling fluids is expected to drive the market growth.
- Rising exploration and production activities for unconventional oil and gas reserves are anticipated to boost the market growth over the forecast period.
- Growing use of barite in other industries such as paints, plastics, cosmetics, and pharmaceuticals is projected to propel market demand over the next few years.
- Technological advancements in drilling fluids that require higher quality barite are likely to create new opportunities for market participants over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Barite and Unconventional Oil and Gas Market Research Report
By Type
Drilling Grade, Paint Grade, Chemical Grade
By Application
Oil Industry, Chemical Industry, Metal Foundry Industry, Other
By Companies
AnKang DongXiang KuangYe, Guizhou Redstar Developing, Gansu Pearl Mining, Guizhou Dechen Industrial, Xinhuang Qingfa Mineral, Ankang Liyuan Industrial, Shiyan Jinshi Minerals, Anqiu City Linwu Zhongjingshi, APMDC Ltd, Cimbar Performance Minerals, Compagnie Marocaine Mes Barytes, Ado Group, Red Star
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Barite and Unconventional Oil and Gas Market Report Segments:
The global Barite and Unconventional Oil and Gas market is segmented on the basis of:
Types
Drilling Grade, Paint Grade, Chemical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Industry, Chemical Industry, Metal Foundry Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AnKang DongXiang KuangYe
- Guizhou Redstar Developing
- Gansu Pearl Mining
- Guizhou Dechen Industrial
- Xinhuang Qingfa Mineral
- Ankang Liyuan Industrial
- Shiyan Jinshi Minerals
- Anqiu City Linwu Zhongjingshi
- APMDC Ltd
- Cimbar Performance Minerals
- Compagnie Marocaine Mes Barytes
- Ado Group
- Red Star
Highlights of The Barite and Unconventional Oil and Gas Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Drilling Grade
- Paint Grade
- Chemical Grade
- By Application:
- Oil Industry
- Chemical Industry
- Metal Foundry Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Barite and Unconventional Oil and Gas Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Barite is a mineral that is composed of barium sulfate and water. Unconventional oil and gas refers to any oil or gas resource that is not conventionally accessible, including shale, coal bed methane, tight oil, and offshore resources.
Some of the key players operating in the barite and unconventional oil and gas market are AnKang DongXiang KuangYe, Guizhou Redstar Developing, Gansu Pearl Mining, Guizhou Dechen Industrial, Xinhuang Qingfa Mineral, Ankang Liyuan Industrial, Shiyan Jinshi Minerals, Anqiu City Linwu Zhongjingshi, APMDC Ltd, Cimbar Performance Minerals, Compagnie Marocaine Mes Barytes, Ado Group, Red Star.
The barite and unconventional oil and gas market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Barite and Unconventional Oil and Gas Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Barite and Unconventional Oil and Gas Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Barite and Unconventional Oil and Gas Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Barite and Unconventional Oil and Gas Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Barite and Unconventional Oil and Gas Market Size & Forecast, 2020-2028
4.5.1 Barite and Unconventional Oil and Gas Market Size and Y-o-Y Growth
4.5.2 Barite and Unconventional Oil and Gas Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Drilling Grade
5.2.2 Paint Grade
5.2.3 Chemical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil Industry
6.2.2 Chemical Industry
6.2.3 Metal Foundry Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Barite and Unconventional Oil and Gas Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Barite and Unconventional Oil and Gas Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Drilling Grade
9.6.2 Paint Grade
9.6.3 Chemical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil Industry
9.10.2 Chemical Industry
9.10.3 Metal Foundry Industry
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Drilling Grade
10.6.2 Paint Grade
10.6.3 Chemical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil Industry
10.10.2 Chemical Industry
10.10.3 Metal Foundry Industry
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Drilling Grade
11.6.2 Paint Grade
11.6.3 Chemical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil Industry
11.10.2 Chemical Industry
11.10.3 Metal Foundry Industry
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Drilling Grade
12.6.2 Paint Grade
12.6.3 Chemical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil Industry
12.10.2 Chemical Industry
12.10.3 Metal Foundry Industry
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Drilling Grade
13.6.2 Paint Grade
13.6.3 Chemical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil Industry
13.10.2 Chemical Industry
13.10.3 Metal Foundry Industry
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Barite and Unconventional Oil and Gas Market: Competitive Dashboard
14.2 Global Barite and Unconventional Oil and Gas Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AnKang DongXiang KuangYe
14.3.2 Guizhou Redstar Developing
14.3.3 Gansu Pearl Mining
14.3.4 Guizhou Dechen Industrial
14.3.5 Xinhuang Qingfa Mineral
14.3.6 Ankang Liyuan Industrial
14.3.7 Shiyan Jinshi Minerals
14.3.8 Anqiu City Linwu Zhongjingshi
14.3.9 APMDC Ltd
14.3.10 Cimbar Performance Minerals
14.3.11 Compagnie Marocaine Mes Barytes
14.3.12 Ado Group
14.3.13 Red Star
