Lucintel’s latest market report analyzed that barium sulfate provides attractive opportunities in the oil well drilling, chemical, and paint and coating industries. The barium sulfate market is expected to reach $1.8 billion by 2027 with a CAGR of 4.6%. In this market, natural barium sulfate is the largest segment by product type, whereas oil well drilling is largest by end use industry. Nanometer precipitated barium sulfate provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/barium-sulfate-market.aspx Based on product type, the barium sulfate market is segmented into natural and precipitated. The natural barium sulfate segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing production of oil and gas.
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The Barium Sulfate Market is marked by the presence of several big and small players. Some of the prominent players offering barium sulfate include Cimbar Performance Minerals, Sakai Sakai Chemical Industry, Hebei Xinji Chemical Group, Hubei Hoyonn Chemical Industry Co. Ltd., ShenzhouJiaxin Chemical, Hubei Talents Minerals, Nippon Chemical Industrial, Excalibar Minerals, Solvay`, Onmillion Nano Mater.
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