Barite Market Analysis 2020- COVID-19 Analysis, Development and Growth by Trending Regions
Barite Market – Market Overview Global barite market witnessed strong growth from oil and gas exploration industry owing to its usage to suppress the high formation of liquid and prevent blowouts. Rising pressure on energy sector to meet global demand of growing transportation and petrochemical industry has result in rising oil and gas production which in turn will have positive impact on barite market. In addition, barite is used for application as weighing agent and to increase density of fluid to control pressure in shale reserves. Thus, blooming oil shale production will subsequently drive the demand of barite in U.S. market. Barite Market Analysis is widely used in application such as textile, paints and coatings and paper making among others. This mineral is used in sodium hydroxide production which is extensively used in refining sugar and in paints as white pigments. Moreover, increasing automotive production coupled with rise in residential and commercial projects a...