(PharmaNewsWire.Com, May 10, 2017 ) Market Research Hub (MRH) prepared a ‘Chemical' categorized topic named "Global Barytes Market 2017-2021". The report covers the present scenario and the growth prospects of the global barytes market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Barytes is the naturally occurring mineral form of barium sulfate. The main properties of the mineral include low solubility, non-toxic nature, high specific gravity (4.5), and chemical and physical unreactivity. Barytes is mostly used as a weighting agent for drilling in oil and gas exploration. Barytes is also used in value-added applications such as TV screens, rubber, glass ceramics, cars, electronics, paint industry, radiation shielding, and medical applications. Barytes is offered in various forms, and the pricing varies with the amount of processing. For instance, barytes for filler applications is available at higher prices as it requires intense processing (grinding and micronizing). In addition, premiums are charged for brightness, whiteness, and color.
Market Research Hubs analysts forecast the global barytes market to grow at a CAGR of 4.17% during the period 2017-2021.
The market is divided into the following segments based on geography: Americas APAC EMEA
Market Research Hub's report, Global Barytes Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Andhra Pradesh Mineral Development Corp. (APMDC) GUIZHOU SABOMAN IMP. & EXP Steinbock Minerals Newpark Resources Pands Group Mining and Milling
Other prominent vendors Broychim Gimpex Halliburton OREN HYDROCARBONS Provale Group Rock Fin Minerals Trimex Industries
Market driver Horizontal drilling: An innovation in oil and gas extraction. For a full, detailed list, view our report
Market challenge Falling crude oil prices impacting barytes market. For a full, detailed list, view our report
Market trend Shale gas boom in North America. For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2021 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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