Barium carbonate is a white, odourless and heavy salt of barium with the chemical formula BaCO3. It is widely used as flux in ceramics, as an ingredient in specialty glass and fine glassware, in the treatment of salt brines, etc. According to IMARC Group’s latest report “Barium Carbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global barium carbonate market has grown at a CAGR of nearly 8% during 2014-2019 driven by the continuous use of barium carbonate in the production of specialty glass, bricks and tiles. The report further provides a comprehensive insight into the industry including its market breakup by region, market breakup by end-use, value chain analysis, import and export trends, key players and market outlook. The report also gives an insight into the manufacturing process of barium carbonate, covering key success and risk factors for manufacturers, detailed process flow, the reactions involved, raw materials and their requirements, etc.
The report has segmented the global barium carbonate market on the basis of end-use. Barium carbonate has applications in a wide variety of industries. It is used in the glass manufacturing industry as it increases the refractive index and lustre of the glass. Specialty glass made by using barium carbonate provides radiation shielding in CRT televisions. It is also used in making bricks, clays, photographic paper coatings, hard ferrite magnets, permanent ceramic magnets for loudspeakers and in the removal of sulphate from salt brines before they are fed into electrolytic cells. The report finds that the glass industry accounts for almost half of the total consumption of barium carbonate. It is followed by brick and clay, barium ferrites and photographic paper coating industries. Looking forward, IMARC Group expects the global barium carbonate market to continue its moderate growth during the next five years.
The report has segmented the global barium carbonate market on the basis of major regions. China currently dominates the barium carbonate market accounting for the majority of the total global production. On the basis of import data, Japan represents the largest global importer of barium carbonate followed by the Republic of Korea, Spain, Saudi Arabia and France. On the other hand, China represents the largest exporter of barium carbonate accounting for the majority of the total global exports. China was followed by the United States and India.
Key Questions Answered in This Report:
The global barium carbonate market was worth US$ 526 Million in 2019.
The rise in construction activities represents the primary factor driving the market across the globe. Barium carbonate is widely used for glazing ceramic tiles as it acts as a crystallizing and matting agent and synthesizes unique colors when combined with specific coloring oxides.
The major trends in the market are technological innovations that have expanded the applications of barium carbonate across various end use industries.
The outbreak of the coronavirus disease (COVID-19) and the increasing adoption of social distancing measures in numerous countries have led to a halt in the production of chemicals. This has consequently created a negative impact on the market.
The global barium carbonate market is expected to reach US$ 807 Million by 2025.
Based on the end use, the market has been segmented into glass, barium ferrites, brick and clay, photographic paper coatings, and others. Glass currently represents the largest end use segment, holding the largest market share.
Region-wise, China is the leading market for barium carbonate, accounting for the majority of the total market share. Other major regions include Japan, Europe, Latin America, and Middle East and Africa.
The leading players operating in the industry are Solvay S.A., Chemical Products Corporation, Hubei Jingshan Chutian Barium Salt Corporation Ltd., Guizhou Red Star Development Import and Export Co. Ltd., Sakai Chemical Industry Co. Ltd., Hebei Xinji Chemical Group Co. Ltd., Shhanxi Ankang Jianghua Group Co. Ltd., Zaozhuang City Yongli Chemical Co., Ltd.
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