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The untapped oil reserves in these regions, therefore, offer lucrative opportunities to the players manufacturing baritebased weighting agents used in the oil and gas industry. Barite Market Competitive Landscape. The barite industry is highly consolidated in nature, as few players control the production of the mineral.
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Barytes (also known as Barite and Barites) is a form of Barium Sulphate, BaSO4. Pure Barytes is 66% BaO and 34% SO3, normally white but many deposits are discoloured by small amounts of impurities. Barytes is found throughout the world as an ore body in residual, vein type, as well as bedded forms.
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Barite API Grade In Saudi Arabia Filtron Envirotech (India) is the leading Manufacturer, Exporter Supplier of Oil Drilling Chemicals, Specialty Barite API Grade. It is a high quality drilling grade Barite (Barium Sulphate) weighing Material used to increase the density of drilling fluids.
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China has many barite suppliers and market concentration is low. India own the second largest barite resource. In India, Andhra Pradesh Mineral Development is a leading company. Barite have many different applications, including drilling industry (rig), medical industry, rubber plastics, pulps and papers, paints and coatings and cosmetic industry.
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In Saudi Arabia, barite is deposited in commercial stocks in the Western Province in the Umm Gerad prospect near Rabigh, and an occurrence 20 km south of AlAqiq is estimated to contain 100,000 metric tons and 40,000 metric tons of barite, respectively. Thirtytwo other occurrences are recorded but have not been investigated in detail .
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