Barite Market: Barite Plays Roles of Weighting Agent and Barium Meal Component to Extend Applications, TMR
The global barite market is predicted to bear witness to the establishment of new markets and elaboration of the production volume of current plants in regions that are not yet exploited. Holding a moderately fragmented character, the world market is anticipated to be domineered by large and medium sized companies involved in barite mining. Some of the top-tier companies making their presence known in the market are Excalibar Minerals LLC, China Shen Zhou Mining and Resources Inc., Ashapura Group of Industries, and Andhra Pradesh Mineral Development Corporation. CIMBAR Performance Minerals has taken to the manufacture of highly user-friendly and distinctive products to gain an edge over its competitors. According to a reliable study by Transparency Market Research (TMR), the international barite market is forecasted to reach a revenue valuation of US$1.8 bn by 2024 from US$1.2 bn in 2016. Since barite finds a vital usage in controlling the volatile flow of oi...