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Barite Market Overview. Barite Market is forecast to reach $2.4 billion by 2026, after growing at a CAGR of 5% during 2021-2026 due to increasing consumption from various end-use industries such as textile & paper, rubber, automotive, paint & coatings, oil & gas, medical sector, and others.Barite is also known as barium sulfate and has a high density …