Wilmington, Delaware, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Australia Barite Market was valued at US$ 48 million in 2023 and is expected to grow at a significant CAGR of over 5.9% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
The market is driven by the growing demand for barite from the oil and gas industry, as well as the increasing use of barite in other industries, such as construction and paints. Barite is a key component of drilling fluids, which are used to lubricate and cool the drill bit, remove cuttings, and prevent blowouts. As the oil and gas industry in Australia continues to grow, so too will the demand for barite.
Moreover, the Australian government is supportive of the mining sector and provides a number of incentives to mining companies. This support helps to create a favorable environment for the barite mining industry.
- According to a deep-dive market assessment by RationalStat, the Australia barite market has been analyzed on the basis of market segments, including mineral type, minerals/ore, imported minerals, mining type, support services, and geography/regions (including Western Australia, Southern Australia, Eastern Australia, Northern and Central Australia). The report also offers Australia and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the Australia barite market covers market sizes on the basis of market value (US$/EUR Million) and volume (Kg/Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the Australia barite market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
Request A Customization- https://store.rationalstat.com/store/australia-barite-market/#tab-ux_global_tab
Australia Barite Market: Segmental and Market Share Analysis
- On the basis of form powder segment is dominating the Australia barite market owing to the high demand from the oil and gas industry.
- Based on application, The drilling mud segment is dominating the market. The Australian government is supportive of the oil and gas industry and provides a number of incentives to oil and gas companies. This support helps to create a favorable environment for the drilling mud segment and the barite market in general.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 48 million |
| Market Size Forecast | US$ 76 million |
| Growth Rate | 5.9% |
| Key Market Drivers |
|
| Companies Profiled |
|
Explore more about this report- https://store.rationalstat.com/store/australia-barite-market/#tab-ux_global_tab
Competition Analysis and Market Structure
Prominent companies and leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the Australia barite market include,
- In February 2023, Vast Solar agreed to combine with a special purpose acquisition company (SPAC) backed by Nabors Industries (NBR.N) in a deal that will take the Australian company public in New York at a valuation of up to US$ 586 million, the companies told Reuters.
Some of the prominent players and producers operating and contributing significantly to the Australia barite market growth include AME Pty Ltd, Anglo Pacific Minerals Ltd., The Kish Company, Inc., New Riverside Ochre, Cimbar Performance Minerals, PVS Chemicals, Pands Group, Iluka Resources Limited, Mineral Resources Limited, Base Resources Limited, Mincor Resources NL, Glencore Australia Pty Ltd, Barite Industries, Barite Resources Australia Pty Ltd, Barite Mining Australia Pty Ltd, and Australian Barite Company Pty Ltd, among others.
Get A Free Sample- https://store.rationalstat.com/store/australia-barite-market/#tab-ux_global_tab
RationalStat has segmented the Australia barite market based on form, grade, application, and region
- Australia Barite Market Value (US$ Million), Volume (Kg/Tons) and Market Share (2019-2030) Analysis by Form
- Lumps
- Powder
- Australia Barite Market Value (US$ Million), Volume (Kg/Tons) and Market Share (2019-2030) Analysis by Grade
- Up to SP 3.9
- SP 4.0
- SP 4.1
- SP 4.2
- SP 4.3 and Above
- Australia Barite Market Value (US$ Million), Volume (Kg/Tons) and Market Share (2019-2030) Analysis by Application
- Drilling Mud
- Pharmaceuticals
- Rubbers & Plastics
- Paints & Coatings
- Textiles
- Others
- Australia Barite Market Value (US$ Million), Volume (Kg/Tons) and Market Share (2019-2030) Analysis by Region
- Australia Barite Market
- Western Australia
- Southern Australia
- Eastern Australia
- Northern and Central Australia
- Australia Barite Market
For more information about this report- https://store.rationalstat.com/store/australia-barite-market/#tab-ux_global_tab
Key Questions Answered in the Barite Report:
- What will be the market value of the Australia barite market by 2030?
- What is the market size of the Australia barite market?
- What are the market drivers of the Australia barite market?
- What are the key trends in the Australia barite market?
- Which is the leading region in the Australia barite market?
- What are the major companies operating in the Australia barite market?
- What are the market shares by key segments in the Australia barite market?
Running a year End discount of 20%-https://store.rationalstat.com/store/australia-barite-market/#tab-ux_global_tab
Explore Our Trending Reports
- Global Castor Oil and Derivatives Market- Global castor oil and derivatives market is expected to grow at a CAGR of around 4.5% during the forecast period of 2023-2030 and is estimated at US$ 1.21 billion in 2023.
- Australia Barite Market- Australia barite market is anticipated to attain a value of US$ 76 million by 2030, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period.
- India Calcium Phosphite Market- India calcium phosphite market is anticipated to attain a value of US$ 215 million by 2030, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period.
- Global Mannosylerythritol Lipids Market- Global Mannosylerythritol Lipids Market is expected to grow at a significant CAGR over the forecast period of 2022-2028
- Global Propane Dehydrogenation to Propylene Market- Global propane dehydrogenation to propylene market is expected to grow at a CAGR of around 9.4% during the forecast period of 2023-2030 and is estimated at US$ 10,124 million in 2023.
- Global Wood Processing Market- Global wood processing market is expected to grow at a CAGR of around 3.9% during the forecast period of 2023-2030 and is estimated at US$ 157.8 billion in 2023.
- Global Hyaluronic Acid Products Market- global hyaluronic acid products market is expected to grow at a CAGR of around 7.2% during the forecast period of 2023-2030 and is estimated at US$ 2.9 billion in 2023.
- Global Propane Dehydrogenation to Propylene Market- Global propane dehydrogenation to propylene market is expected to grow at a CAGR of around 9.4% during the forecast period of 2023-2030 and is estimated at US$ 10,124 million in 2023.
- Global Biomass Pellets Market- Global Biomass Pellets Market is expected to grow at a significant CAGR over the forecast period of 2022-2028
- Global N Methyl 2 Pyrrolidone (NMP) Market- Global N Methyl 2 Pyrrolidone (NMP) Market is expected to grow at a CAGR of 6.8% over the forecast period of 2022-2028
- Global N-Heptane Market- Global N-Heptane Market is expected to grow at a CAGR of 5.6% over the forecast period of 2022-2028
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Download Key Insights and Market Data - Raise a Query
About RationalStat LLC
RationalStat is an end-to-end Australia market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support Australia and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
Contact
RationalStat LLC
Kimberly Shaw,
Content and Press Manager
US Phone: +1 302 803 5429
UK Phone: +44 203-287-1245
LinkedIn | Facebook | Twitter | Instagram | Pinterest
