Middle East & Africa Barite Market Size & Outlook
Related Markets
MEA barite market highlights
- The MEA barite market generated a revenue of USD 317.3 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, oil & gas was the largest revenue generating application in 2023.
- Fillers is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Morocco is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 317.3 million |
| Market revenue in 2030 | USD 425.0 million |
| Growth rate | 4.4% (CAGR from 2024 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Fillers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oil & Gas, Chemicals, Fillers |
| Key market players worldwide | Pacific Booker Minerals Inc, Calibre Mining Corp, Schlumberger Ltd, PVS Chemicals, Ashapura Group, Cimbar Performance Minerals |
Other key industry trends
- In terms of revenue, MEA region accounted for 21.5% of the global barite market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 230.0 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Barite Market Scope
Barite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cimbar Performance Minerals | View profile | 51-100 | Chatsworth, Georgia, United States, North America | https://www.cimbar.com/ |
| Ashapura Group | View profile | - | Mumbai, Maharashtra, India, Asia | http://ashapurabentonite.com |
| PVS Chemicals | View profile | 101-250 | Detroit, Michigan, United States, North America | http://www.pvschemical.com |
| Calibre Mining Corp | View profile | 1241 | 200 Burrard Street, Suite 1560, Vancouver, BC, Canada, V6C 3L6 | https://www.calibremining.com |
| Pacific Booker Minerals Inc | View profile | 2 | 1166 Alberni Street, Suite 1203, Vancouver, BC, Canada, V6E 3Z3 | https://www.pacificbooker.bc.ca |
| Schlumberger Ltd | View profile | 111000 | 5599 San Felipe, 17th Floor, Houston, TX, United States, 77056 | https://www.slb.com |
Middle East & Africa barite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to barite market will help companies and investors design strategic landscapes.
Oil & gas was the largest segment with a revenue share of 85.53% in 2023. Horizon Databook has segmented the Middle East & Africa barite market based on oil & gas, chemicals, fillers covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East is a major producer and exporter of crude oil and natural gas. Therefore, the demand for barite is high in this region as this mineral is used extensively in the oil & gas industry of the Middle East. The increasing investments by countries of the region to increase their oil & gas production are expected to propel the demand for barite in the Middle East during the forecast period.
The countries in the Middle East & Africa are expected to witness significant economic growth in the coming years owing to diversification initiatives undertaken by their governments to reduce the dependence of these countries on their oil & gas industry.
Reasons to subscribe to Middle East & Africa barite market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa barite market databook
-
Our clientele includes a mix of barite market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa barite market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa barite market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA barite market size, by country, 2018-2030 (US$M)
Middle East & Africa Barite Market Outlook Share, 2023 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
