Global Barium Carbonate Market, By Product (Crystal Type and Powder Type), Form (Granular, Powder, Ultra-Fine and Others), Application (Specialty Glass, Chemical Compounds, Bricks and Tiles, Glazes, Electro- Ceramic Materials and Frits and Enamels), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Barium Carbonate Market
Data Bridge Market Research analyses that the barium carbonate market will witness a CAGR of 7.23% for the forecast period of 2021-2028. Increase in the demand for barium carbonate for a wide range of applications such as specialty glass, chemical compounds, bricks and tiles, glazes, electro- ceramic materials and frits and enamels, growth in the investment in exploration and production of unconventional resources and surge in industrialization in the developing countries are the major factors attributable to the growth of the barium carbonate market.
Barium carbonate, whose chemical formula is BaCO3, is a compound that is obtained out of barium as raw material. Barium is a highly reactive material and is a prominent source of barium derivatives such as barium chloride. Barium carbonates helps in increasing the refractive index and lustre of glass. Barium carbonate is water-insoluble in nature and can be also used for the removal of efflorescence from tiles.
Increasing research and development activities is the root cause fuelling up the market growth rate. Growth in the demand for barium carbonate especially in the emerging economies is another factor responsible for propelling growth in the barium carbonate market value. The increasing expenditure by the government on infrastructural development coupled with growth and expansion of various end user verticals will further create lucrative growth opportunities for the barium carbonate market. Rising industrialization coupled with increased demand for barium carbonate by buildings and construction industry will also directly and positively impact the growth rate of barium carbonate market. Rise in the personal disposable income, ever-rising population and standard of living are some other indirect market growth determinants.
However, stringent regulations imposed by the government on the application of barium carbonate will pose a major challenge to the growth of this market. Also, toxic nature of barium carbonate will derail the market growth rate.
This barium carbonate market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on barium carbonate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Barium Carbonate Market Scope and Market Size
The barium carbonate market is segmented on the basis of product, form and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the barium carbonate market is segmented into crystal type and powder type.
- On the basis of form, the barium carbonate market is segmented into granular, powder, ultra-fine and others.
- On the basis of application, the barium carbonate market is segmented into specialty glass, chemical compounds, bricks and tiles, glazes, electro- ceramic materials and frits and enamels.
Global Barium Carbonate Market Country Level Analysis
Global barium carbonate market is analysed and market size, volume information is provided by country, product, form and application as referenced above.
The countries covered in the barium carbonate market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the barium carbonate market and will continue to flourish its trend of dominance during the forecast period as well. Consumption of barium carbonate in bricks and tiles by building and construction industry for construction, refurbishment activities and other similar activities in the region is one of the major factors fostering the growth of barium carbonate market. China and India will emerge as the major contributors from this region owing to the increased focus and expenditure on infrastructural development in these economies. Shifting consumer lifestyle, ever-rising population and increasing personal disposable income are some other indirect market growth determinants.
The country section of the barium carbonate market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Barium Carbonate Market Share Analysis
The barium carbonate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to barium carbonate market.
The major players covered in the barium carbonate market report are Ashland, Mitsubishi Chemical Corporation, Honeywell International Inc., SHAANXI ANKANG JIANGHUA GROUP CO., LTD., Chemical Products Corporation, Dow, Akzo Nobel N.V., Lonza, BASF SE, American Elements, Barium & Chemicals, Inc, China Nafine Group International Co., Ltd, Cimbar Performance Minerals, Inc, Merck KGaA, Nippon Chemical Industrial CO., LTD, SAKAI CHEMICAL INDUSTRY CO., LTD, Shandong Xinke Environmental Chemistry Co., Ltd and Solvay among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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