123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Lucintel Forecasts Barium Sulfate Market To Reach $2 Billion By 2030

Profile Picture
By Author: Lucintel LLC
Total Articles: 5254
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

According to the recent study the Barium Sulfate Market is projected to reach an estimated $2 billion by 2030 from $1 billion in 2023, at a CAGR of 4.4% from 2024 to 2030. Growth in this market is primarily driven by increasing drilling activity, rising crude oil prices, increasing penetration of barium sulfate in the pharmaceutical, and paint & coating industry.
Browse 111 figures/charts and 96 tables in this 179-page report to understand trends, opportunities and forecast in barium sulfate market by end use industry (glass, oil well drilling, paint, chemical and others), product type (natural and precipitated), deposit type (bedded, vein, and residual), and region (North America, Europe, Asia Pacific, and the Rest of the World).
“Natural barium sulfate market is expected to remain the largest segment during the forecast period.”
Based on product type, the barium sulfate market is segmented into natural and precipitated. Lucintel forecasts that the natural barium sulfate market is expected to remain the largest segment due to increasing production of oil and gas.
“Within the barium sulfate ...
... market, the oil well drilling segment is expected to remain the largest end use industry.”
Based on end use industry the oil well drilling segment is expected to witness the highest growth over the forecast period due to growth in unconventional oil and gas extraction and rapid industrialization in emerging economies.
“North America will dominate the barium sulfate market in near future.”
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.
Major players of barium sulfate market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cimbar Performance Minerals, Sakai Sakai Chemical Industry, Hebei Xinji Chemical Group, Hubei Hoyonn Chemical Industry Co. Ltd., ShenzhouJiaxin Chemical, Hubei Talents Minerals, Nippon Chemical Industrial, Excalibar Minerals, Solvay`, Onmillion Nano Mater are among the major barium sulfate providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Explore Our Latest Publications
Bone Densitometer Market
Coating Dry Film Thickness Gauge Market
Enteric Softgel Capsule Market
Equine Veterinary Therapeutic Market
Fecal Pancreatic Elastase Testing Market
Gastric Electric Stimulator Market

Total Views: 78Word Count: 446See All articles From Author

Add Comment

Business Articles

1. Lucintel Forecasts The Global Wall-mounted Ac Ev Charger Market To Grow With A Cagr Of 22.4% From 2025 To 2031
Author: Lucintel LLC

2. Technology Landscape, Trends And Opportunities In Global 3d Printing Photopolymer Market
Author: Lucintel LLC

3. Lucintel Forecasts The Global Smart Home Market To Reach $372 Billion By 2030
Author: Lucintel LLC

4. Second Marriage Matrimonial – Verified Matches & Free Registration
Author: Truelymarry

5. Core: Leading The Way In Managed It Services For Businesses Across London
Author: IT Management

6. The Role And Function Of A Collection Agency
Author: Bennett Carter

7. Understanding Debt Collection Agencies: What They Do And How They Affect Consumers
Author: Bennett Carter

8. How To Use An Smm Panel Effectively For Fast Social Media Growth
Author: Smm Panel

9. Essential Tips For Beginners And The Power Of Professional Editing
Author: Sam

10. How To Improve Field Staff Efficiency With Geolocation Tools
Author: TrackHr App

11. Building An Effective Energy Management System
Author: Jane

12. Internal Auditor Training: The Key To Effective Risk Management And Compliance
Author: Sqccertification

13. Why Accurate Accounting In Property Management Is The Key To Higher Roi
Author: Harsh Vardhan

14. Kaal Sarp Puja In Trimbakeshwar – Benefits, Process & Trusted Pandit Contact
Author: Pandit Milind Guruji

15. Data Entry Vs. Data Processing: What’s The Difference And Why It Matters
Author: Allianze BPO

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: