Lucintel Blog: Lucintel Forecasts Barium Sulfate Market to Reach $1.7 Billion by 2026

Monday, July 11, 2022

Lucintel Forecasts Barium Sulfate Market to Reach $1.7 Billion by 2026

According to the recent study the Barium Sulfate Market is projected to reach an estimated $1.7 billion by 2026, at a CAGR of 7% from 2021 to 2026. 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), by deposit type (bedded, vein, and residual), and by region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/barium-sulfate-market.aspx

“Natural 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), by deposit type (bedded, vein, and residual. Lucintel forecasts that the natural 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.

Download Brochure of this report by clicking on https://www.lucintel.com/barium-sulfate-market.aspx

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 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 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 https://www.lucintel.com/barium-sulfate-market.aspx or helpdesk@lucintel.com.

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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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