Opportunities in the barium sulphate market have evolved through a number of stages. Lucintel has found the future of this market to be promising; the barium sulphate market is expected to reach $1.7 billion by 2026 with a CAGR of 7%. In this market, natural is the largest segment by product type, whereas oil well drilling is largest by end use industry. Players can benefit from the available opportunities like high oil well drilling activity and growth in chemical industry will drive the demand for oil well drilling.
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Cimbar Performance Minerals, Sakai Chemical Industry Co., Ltd., Hebei Xinji Chemical Group Co., Ltd., Hubei Hoyonn Chemical Industry Co. Ltd., and ShenzhouJiaxin Chemical are some of the companies profiled in this report.
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