Global Barytes Market 2017-2021

  • ID: 4225841
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Broychim
  • Gimpex
  • Halliburton
  • OREN HYDROCARBONS
  • Provale Group
  • Rock Fin Minerals
  • MORE
About Barytes

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.

The analysts forecast the global barytes market to grow at a CAGR of 4.17% during the period 2017-2021.

Covered in this report
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.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The 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 drivers
- Horizontal drilling: An innovation in oil and gas extraction.
- For a full, detailed list, view the full report

Market challenges
- Falling crude oil prices impacting barytes market.
- For a full, detailed list, view the full report

Market trends
- Shale gas boom in North America.
- For a full, detailed list, view the full 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?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Broychim
  • Gimpex
  • Halliburton
  • OREN HYDROCARBONS
  • Provale Group
  • Rock Fin Minerals
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
  • Overview
PART 05: Market landscape
  • Overview: Global barytes market
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Overview: Global barytes market by end-user
  • Global barytes market for oil and gas drilling
  • Global barytes market for chemicals
  • Global barytes market for others
PART 07: Geographic segmentation
  • Overview: Global barytes market by geography
  • Barytes market in EMEA
  • Barytes market in Americas
  • Barytes market in APAC
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 10: Market trends

PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • Andhra Pradesh Mineral Development Corp. (APMDC)
  • GUIZHOU SABOMAN IMP. & EXP.
  • Steinbock Minerals
  • Newpark Resources
  • Pands Group Mining and Milling
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global barytes market segmentation
Exhibit 02: Global barytes market 2016 and 2021 ($ millions)
Exhibit 03: Forecast: Global barytes market 2016-2021
Exhibit 04: Barytes production 2015
Exhibit 05: Five forces analysis
Exhibit 06: Global barytes market by end-user 2016 and 2021 (% share)
Exhibit 07: Global barytes market by end-user 2016 and 2021 ($ millions)
Exhibit 08: Global barytes market for oil and gas drilling 2016 and 2021 ($ millions)
Exhibit 09: Forecast: Global barytes market for oil and gas drilling 2016-2021
Exhibit 10: Global barytes market for chemicals 2016 and 2021 ($ millions)
Exhibit 11: Forecast: Global barytes market for chemicals 2016-2021
Exhibit 12: Global barytes market for others 2016 and 2021 ($ millions)
Exhibit 13: Forecast: Global barytes market for others 2016-2021
Exhibit 14: Global barytes market by geography 2016 and 2021 (% share)
Exhibit 15: Global barytes market by geography 2016 and 2021 ($ millions)
Exhibit 16: Barytes market in EMEA 2016 and 2021 ($ millions)
Exhibit 17: Forecast: barytes market in EMEA 2016-2021
Exhibit 18: Barytes market in Americas 2016 and 2021 ($ millions)
Exhibit 19: Forecast: Barytes market in Americas 2016-2021
Exhibit 20: Barytes market in APAC 2016 and 2021 ($ millions)
Exhibit 21: Forecast: Barytes market in APAC 2016-2021
Exhibit 22: EVs market in China 2015-2020 (thousands of units)
Exhibit 23: Comparative analysis of EV sales to total vehicle sales in China 2015
Exhibit 24: Growth in offshore and subsea spending in oil and gas industry 2009-2020
Exhibit 25: Impact of drivers
Exhibit 26: Crude oil price 2009-2015 ($/barrel)
Exhibit 27: Impact of challenges
Exhibit 28: Global barytes reserves
Exhibit 29: Global barytes market: Key vendors
Exhibit 30: Steinbock Minerals: Product offerings
Exhibit 31: Pands Group Mining and Milling: Product offerings
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FEATURED COMPANIES

  • Broychim
  • Gimpex
  • Halliburton
  • OREN HYDROCARBONS
  • Provale Group
  • Rock Fin Minerals
  • MORE
New Report Released: – Global Barytes Market 2017-2021

The author of the report recognizes the following companies as the key players in the global barytes market: Andhra Pradesh Mineral Development Corp. (APMDC), GUIZHOU SABOMAN IMP. & EXP, Steinbock Minerals, Newpark Resources, and Pands Group Mining and Milling.

Other Prominent Vendors in the market are: Broychim, Gimpex, Halliburton, OREN HYDROCARBONS, Provale Group, Rock Fin Minerals, and Trimex Industries.

Commenting on the report, an analyst from the research team said: “One trend in market is shale gas boom in North America. Recently, the “shale revolution” has led to the high production of oil and natural gas in the US. This revolution is the result of advances in oil and natural gas production technology, such as a new combination of horizontal drilling and hydraulic fracturing. This technological advancement, coupled with high oil and gas prices, has enabled increased manufacturing of oil and gas in the US.”

According to the report, one driver in market is horizontal drilling: An innovation in oil and gas extraction. Technological advances in drilling technologies have revolutionized the oil and gas industry and enabled access to the most remote locations, unconventional formations, deepwater regions, and even the Arctic. Such developments have played a key role in driving the consumption of steel pipes. Horizontal drilling, coupled with hydraulic fracturing, has unlocked the unconventional potential of several regions. Examples of this are the shale gas boom in North America and new discoveries in the offshore regions of Europe and Africa. In North America, horizontal drilling rigs constituted the largest share of the overall rig count with 78%, whereas directional and vertical rigs accounted for 11%, as of June 2015.

Further, the report states that one challenges in market is falling crude oil prices impacting barytes market. A decline in oil prices has compelled market players to implement cost-cutting measures such as workforce layoffs and rig idling. The prices of Brent crude oil started reducing from a peak price of $110.45 per barrel in 2014 to reach $30.65 per barrel in 2015. Expensive activities within the oil and gas industry, including drilling and exploration, were curtailed, which reduced the use of barytes. The North American rig count was 985 rigs in May 2015, a year-over-year decline of 53%. The decline in oil prices has made advanced drilling activities, such as offshore exploration and unconventional resources development, economically challenging in regions such as Europe and North America. Thus, the decline in oil prices is a major challenge in Europe, the Middle East, and North America. Following the reduction in crude oil prices, drilling activities outside the US and global offshore drilling declined. Because of sustained lower crude oil prices, several offshore drilling companies have begun cutting costs by reducing the size of their operation, which has affected the revenue of barytes vendors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Andhra Pradesh Mineral Development Corp. (APMDC)
  • GUIZHOU SABOMAN IMP. & EXP
  • Steinbock Minerals
  • Newpark Resources,Pands Group Mining Milling
  • Broychim
  • Gimpex
  • Halliburton
  • OREN HYDROCARBONS
  • Provale Group
  • Rock Fin Minerals
  • Trimex Industries.
Note: Product cover images may vary from those shown
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