We use cookies to personalise site content, social media features and to analyse our traffic. We also share information about your use of this site with our advertising and social media partners.
About Me
The global barite market size was valued at USD 1.55 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2020 to 2027. The market is expected to be affected by the severe slowdown in oil & gas production in the short term with a strong recovery expected in the long term. Barite is mainly used in the oil & gas industry as a weighing agent in drilling fluids.