Global Barite Market Size Grows at a Steady CAGR of 4.28%

Introduction

Straits Research released its comprehensive report, “Barite Market Size & Outlook, 2026–2034.” According to the study, the global barite market size is estimated at USD 1.57 billion in 2025 and is projected to reach USD 3.45 billion by 2034, growing at a CAGR of 4.28% during the forecast period, reflecting rising demand across key industrial sectors.

Market Dynamics

Barite is extensively utilised in the paints and coatings industry, functioning as a filler and pigment that improves opacity, brightness, and texture, while enhancing durability, gloss, and corrosion resistance. In the oil and gas sector, Barite serves as a crucial component in drilling fluids. Its primary function is to increase drilling mud density, control downhole pressures, prevent blowouts, and stabilise the wellbore.

Abu Dhabi National Oil Company (ADNOC), a state-owned entity in the UAE, is a global leader in the oil and gas industry. ADNOC anticipates achieving a maximum sustainable production capacity of five million barrels per day by 2027. In May 2025, the U.S. President visited Abu Dhabi, during which ADNOC announced expansion plans and collaborations with U.S. companies. Over USD 60 billion in new energy projects were initiated, including a partnership between ADNOC, ExxonMobil, and JODCO to increase oil production capacity at Abu Dhabi’s Upper Zakum offshore field. These initiatives represent significant opportunities for Barite demand in the near future.

Market Highlights

• End-use Leadership: The oil and gas drilling segment dominated the barite market, accounting for the largest revenue share of 67.41% in 2025.
• Grade Outlook: Grade 4.3 emerged as the fastest-growing segment with a CAGR of 4.9% from 2026–2034.
• Regional Trend: North America dominated the barite market, accounting for over 40% of global revenue in 2025.
• Key Opportunity: Rising adoption in healthcare, technological advancements in extraction, and the push for sustainable practices are expected to propel Barite demand during the forecast period.

Competitive Players

1. Anglo Pacific Minerals Ltd.
2. CIMBAR Performance Minerals
3. Demeter O&G Supplies Sdn Bhd
4. International Earth Products LLC (IEP)
5. P&S Barite Mining Co., Ltd
6. PVS Chemicals
7. SLB
8. Guizhou Tianhong Mining Co., Ltd
9. Halliburton Energy Services Inc
10. Baribright Co. Ltd
11. Excalibar Minerals LLC
12. Baker Hughes Company
13. China National Minerals & Metals Group
14. Ma’aden Mining Company
15. Al Maktoum Minerals
16. Felsbarite Mining Co.
17. Jindal Mineral Industries
18. Tata Chemicals Ltd.
19. Henan Barite Co., Ltd
20. India Mineral & Chemicals Ltd.
21. Others

Recent Developments

Segmentation

1. By Applications
   1. Oil & Gas
   2. Fillers
   3. Chemical
   4. Others
2. By Grade
   1. Grade 3.9
   2. Grade 4.1
   3. Grade 4.2
   4. Grade 4.3
   5. Above
3. By Region
   1. North America
      1. US
      2. Canada
   2. Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Turkey
      8. Rest of Europe
   3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Australia
      6. Indonesia
      7. Rest of Asia Pacific
   4. Latin America
      1. Brazil
      2. Argentina
      3. Morocco
      4. Rest of Latin America
   5. Middle East & Africa
      1. Saudi Arabia
      2. South Africa
      3. Morocco
      4. Iran
      5. UAE
      6. Rest of Middle East & Africa