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According to the estimates by IMARC Group, the global barium carbonate market is expected to witness a CAGR of 7.20% from 2021 to 2026.
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.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for barium carbonate.
On the basis of the end-use, the market has been bifurcated into glass, barium ferrites, brick and clay, photographic paper coatings, and others. Currently, glass represents the majority of the total market share.
Region-wise, the market has been classified into China, Japan, Europe, Latin America, and Middle East and Africa, where China dominates the global market.
The key companies in the global barium carbonate market 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., etc.
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