Global Barium Carbonate Market Overview 2022
The report presents an introduction to the Barium Carbonate market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Barium Carbonate companies, emerging market trends, Barium Carbonate market drivers, challenges, and potential opportunities to 2030. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Barium Carbonate market.
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Barium Carbonate Report Description
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.
Barium is a highly reactive element that occurs predominantly as a barite mineral in the marine environment, and its derivatives can be easily synthesized on a commercial scale, and others arise naturally, including barium sulfate and barium carbonate. According to the report, the global barium market is expected to witness growth considerably during the forecasted period. Factors such as the increasing demand for barium compounds in glassmaking and several other practical applications are expected to drive the need for the Barium market in the forecasted period. Further, growing demand for tiles, ceramic glaze, paints & varnishes from the building & construction industry is driving the growth of the barium market in the forecasted period. Furthermore, the research and development on the application of barium carbonate to separate and purify Cesium-131 for radiation therapy are expected to provide opportunities for the barium market over the forecasted period. However, the toxic nature of barium carbonate and strict regulations implemented by several governments in developed countries on the usage of barium carbonate is likely to hamper the growth of the barium market.
Global Barium Carbonate Market Segmentation and Forecasts to 2030
The global Barium Carbonate market size is forecast across different scenarios including the actual forecasts and COVID affected forecasts from 2022 to 2030. Further, Barium Carbonate market revenue and market shares in the global industry are forecast across different types of Barium Carbonate, applications, and end-user segments of Barium Carbonate and across 18 countries.
Global Barium Carbonate Market Analysis
The global barium carbonate market is driven by the rising disposable income and enhancing standard of living across the globe. The industry is further aided by the various favourable properties of the chemical product including thermally very stable and does not readily disassociate unless some carbon source is available in the atmosphere, owing to which it finds its application in a wide variety of industries. The rising use in the manufacturing of CRT television glass represents the largest market for barium carbonate, further accelerating the industry growth. Its global demand is currently experiencing the fastest growth in construction materials (particularly ceramic tiles, glass, bricks and glazes) due to increasing construction activities and the growth of the real estate sector.
Global Barium Carbonate market analysis by Company
The report presents the 10 leading Barium Carbonate companies in the global industry including details of business overview, business operations, SWOT profile, and Barium Carbonate products.
Global Barium Carbonate market news and developments
Barium Carbonate market news and market developments since 2022 including asset purchases, new manufacturing units, product launches, and mergers & acquisitions are included.
Barium Carbonate market report scope and structure
The research work includes over 90 data tables and charts prepared based on data in our proprietary databases, which is collected from leading manufacturers and government statistics to ensure reliable market data. It also presents the critical analysis of end-user industries along with internal and external factors affecting the market.
Barium Carbonate Market Risk Analysis
SkyQuest’s expert analysts have conducted a risk analysis to understand the impact of external extremities on Barium Carbonate Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Barium Carbonate Market’s supply chain, distribution, and total revenue growth.
Competitive landscaping:
To understand the competitive landscape, we are analyzing key Barium Carbonate Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Barium Carbonate Market.
To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter’s five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.
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Key Players Covered in the Report:
Solvay
American Elements
Santa Cruz Biotechnology
Chemical Products Corporation
IBC Limited
Maruti Chemicals Company
Rahul Barium Chemicals
Chaitanya Chemicals
Hubei Jingshan Chutian Barium Salts Corp. Ltd.
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