London, UK (PRWEB) September 20, 2013
Barite is a mineral with a high specific gravity, which is extensively used as a drilling fluid weighting agent in oil and gas excavation. Around 85% of total barite production volume is utilized in the oil and gas industry. The growing exploration of unconventional oil and gas resources in tandem with ongoing advances in drilling technology will drive barite consumption worldwide.
APAC is the world’s dominant supplier of barite, accounting for almost 70% of the overall barite production. China alone accounts for around a half of the worldwide barite output volume. MENA is the second largest regional barite producer. The demand for barite is poised to witness tremendous growth in the forthcoming years. New barite mines are scheduled to start operation in such countries as Mexico, the USA, Zimbabwe, Liberia, among others.
New research report “Barite Market Research Report 2013” worked out by Merchant Research & Consulting has been recently published by Market Publishers Ltd.
Title: Barite Market Research Report 2013
Published: September, 2013
Price: US$ 4,540.00
The report offers an in-depth analysis of the global barite market. It presents an overview of the oil and gas market with a focus on shale resources. The study evaluates world unconventional oil and gas resources as well as outlines the prospects for their exploitation. Further, the research contains barite supply and demand statistics, reviews the regional prices for the product, and provides a comprehensive market assessment by region. Each regional market analysis grants access to vital information on the pertinent region’s barite reserves, production, consumption, foreign trade and key market players. Additionally, future outlook for the barite market is also available in the study.
Regional barite markets covered in the report include: Asia Pacific, MENA, North America, Latin America, Europe and CIS countries.
More new research reports by the publisher can be found at Merchant Research & Consulting page.