Trends, opportunities and forecast in barium sulfate market to 2026 by end use industry (glass, oil well drilling, paint, chemical and others), product type (natural and precipitated), by deposit type (bedded, vein, and residual), and by region (North America, Europe, Asia Pacific, and the Rest of the World).
New York, Aug. 30, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Barium Sulfate Market Report: Trends, Forecast and Competitive Analysis" - https://www.reportlinker.com/p06131001/?utm_source=GNW
The future of the global barium sulfate market looks promising with opportunities in the oil well drilling, chemical, and paint and coating industries. The global barium sulfate market is expected to reach an estimated $1.7 billion by 2026 with a CAGR of 7% from 2021 to 2026. The major drivers for this market are increasing drilling activity, rising crude oil prices, increasing penetration of barium sulfate in the pharmaceutical, and paint & coating industry.
Cimbar Performance Minerals, Sakai Chemical Industry Co., Ltd., Hebei Xinji Chemical Group Co., Ltd., Hubei Hoyonn Chemical Industry Co. Ltd., and ShenzhouJiaxin Chemical are among the major barium sulfate manufacturers.
The study includes trends and forecast for the global barium sulfate market by product type, end use industry, and region as follows:
By End Use Industry [Value ($M) and Volume (Kilotons) shipment analysis from 2015 to 2026]:
• Oil Well Drilling
By Product Type [Value ($M) and Volume (Kilotons) shipment analysis from 2015 to 2026]:
By Deposit Type [Value ($M) and Volume (Kilotons) shipment analysis from 2015 to 2026]:
By Region [Value ($M) and Volume (Kilotons) shipment analysis for 2015 – 2026]:
• North America
• United States
• Asia Pacific
• The Rest of the World
Natural barium sulfate will remain the largest segment and witness the highest growth over the forecast period due to increasing production of oil and gas.
Oil well drilling will remain the largest end use industry over the forecast period due to growth in unconventional oil and gas extraction and rapid industrialization in emerging economies.
North America will remain the largest region over the forecast period, as USA dominate the barium sulfate consumption due to high oil well drilling activity and growth in chemical industry will drive the demand for oil well drilling and chemical industry in the North America region.
Features of the Global Barium Sulfate Market
• Market Size Estimates: Global barium sulfate market size estimation in terms of value ($M) and by volume (kilotons) shipment.
• Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments and regions.
• Segmentation Analysis: Global barium sulfate market size by various segments, such as end use product type, and deposit type.
• Regional Analysis: Global barium sulfate market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different end use industries, product type, deposit type, and regions for the barium sulfate market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the barium sulfate market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for the global barium sulfate by end use industry (glass, oil well drilling, paint, chemical and others), product type (natural and precipitated), by deposit type (bedded, vein, and residual), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
Read the full report: https://www.reportlinker.com/p06131001/?utm_source=GNW
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