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The Barite market is a segment of the Metals and Minerals industry. It is a mineral composed of barium sulfate, and is primarily used as a weighting agent in oil and gas drilling muds. It is also used in the production of plastics, rubber, and paint, and as a filler in paper, textiles, and linoleum.
Barite is mined in many countries around the world, including China, India, Morocco, and the United States. It is typically found in veins, and is often associated with other minerals such as quartz, galena, and sphalerite.
The demand for Barite is driven by the oil and gas industry, as well as by the production of plastics, rubber, and paint. The supply of Barite is largely dependent on the availability of suitable mining sites.
Some companies in the Barite market include Halliburton, Baker Hughes, Schlumberger, and Excalibar Minerals. Show Less Read more
