In album: Barite Market Developments: Technological Innovations in Mining and Processing
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Barite is extensively used in drilling operations as a weighting agent for fluids, primarily in the oil and gas industry. The COVID-19 pandemic in 2023 significantly reduced its demand, leading to a decline in market growth. However, barite demand is expected to rise due to increased investments. The United States, one of the largest consumers, used around 3 million tons in 2023, mostly imported. Additionally, barite is used in rubber and paint manufacturing.
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