Lucintel’s latest market report analyzed that barium sulphate provides attractive opportunities in the oil well drilling, chemical, and paint and coating industries. The barium sulphate market is expected to reach $1.7 billion by 2026 with a CAGR of 7%. In this market, natural is the largest segment by product type, whereas oil well drilling is largest by end use industry.
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Based on product type, the barium sulphate market is segmented into natural and precipitated. The natural segment is expected to accounted for the largest share of the market in 2020 and is to register the highest CAGR during the forecast period, due to increasing production of oil and gas.
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96 – Tables
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179 – Pages
The barium sulphate market is marked by the presence of several big and small players. Some of the prominent players offering barium sulphate include Cimbar Performance Minerals, Sakai Chemical Industry Co., Ltd., Hebei Xinji Chemical Group Co., Ltd., Hubei Hoyonn Chemical Industry Co. Ltd., and ShenzhouJiaxin Chemical.
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