Global Nepheline Syenite Market to be Driven by Increasing Demand in Asia Pacific in the Forecast Period of 2021-2026
iCrowd Newswire
The new report by Expert Market Research titled, Global
Nepheline Syenite Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2021-2026 , gives an in-depth analysis of the global Nepheline Syenite market, assessing the market based on its segments like form, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter s Five Forces models.
Share this article
SAN FRANCISCO, Jan. 13, 2021 /PRNewswire/ The global barite market size is expected
to reach USD 2.08 billion by 2027, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 3.8% from 2020 to 2027. The market is expected to be driven by rising demand for oil & gas drilling applications. The COVID-19 pandemic is likely to restrict the industry growth in 2020 as oil & gas production is expected to fall drastically in 2020
.
Key suggestions from the report:
The oil & gas application segment dominated the market with a revenue share of 77.1% in 2019 owing to extensive utilization of barite as a weighting agent, particularly for offshore drilling