Barium Carbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Barium Carbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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Market Overview:

The global barium carbonate market reached a value of US$ 577.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$872.2 Million by 2027, exhibiting at a CAGR of 6.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Barium carbonate (BaCO3) is a white solid sourced from the precipitation of barium hydroxide and urea. It is also obtained from mineral barite or barium chloride. Barium carbonate is water-insoluble, tasteless, odorless, dense and extremely toxic in nature. It is utilized in the production of various commercial products, which include rubber, paints, enamels, ceramics, oil drilling, glass, and bricks. Specialty glass made 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. Besides this, the high toxicity of barium carbonate makes it an ideal solution in the formulation of rodenticides.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Barium Carbonate Market Trends:

Rapid expansion in the construction and real estate industries is primarily driving the global barium carbonate market toward growth. Besides this, governments of various nations have been focusing on infrastructural development, which is escalating the demand for bricks and ceramic tiles. The market growth is further supported by significantly increasing urbanization and disposable incomes, particularly in developing countries, which has led to the inflating sales of premium-quality decorative items, such as vases, glass paintings, and ceramic figurines. Moreover, the electro-ceramics industry has been witnessing significant growth, wherein barium carbonate is utilized in the production of several components, such as piezoelectric transducers, electromechanical devices, sensors, and optical modulators. Furthermore, the implementation of stringent regulations to control environmental degradation caused by the industrial sector has prompted key players to adopt eco-friendly processes for producing barium carbonate, such as using methane as the reducing agent, which is creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global barium carbonate market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on end use.

Breakup by End Use:

 

 
 

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  • Glass
  • Brick and Clay
  • Barium Ferrites
  • Photographic Paper Coatings
  • Others
     

At present, barium carbonate is most widely used in glass production across the globe.

Regional Insights:

  • China
  • Japan
  • Latin America
  • Middle East and Africa
  • Europe
  • Others
     

At the regional level, China exhibits a clear dominance in the market, accounting for majority of the total global market.

Competitive Landscape:

The competitive landscape of the industry has also been examined, along with the profiles of the key players. Some of these players include 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., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million, ‘000 Tons
Segment Coverage End-Use, Region
Region Covered China, Japan, Latin America, Middle East and Africa, Europe, Others
Companies Covered 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. and Zaozhuang City Yongli Chemical Co., Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Barium Carbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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