IMARC Group has recently released a new research study titled “Barium Carbonate Market Report by End-Use (Glass, Brick and Clay, Barium Ferrites, Photographic Paper Coatings, and Others), and Region 2023-2028”, offers a detailed analysis of the barium carbonate market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Barium Carbonate Market Size, CAGR and Forecast 2023-2028
- Barium Carbonate Market Size to 2022: By 2022, the global Barium Carbonate Market is expected to reach USD 617.8 million.
- Barium Carbonate Market Forecast to 2028: IMARC Group forecasts the market size to reach USD 911.6 million by 2028.
- Barium Carbonate Market Growth (2023-2028): The market is expected to exhibit a compound annual growth rate (CAGR) of 6.5% over 2023-2028.
Industry Overview:
Barium carbonate is a white, odorless compound extensively used in a variety of industrial applications such as ceramics manufacturing, glass production, and as a precursor for other barium compounds. One of its key characteristics is its ability to act as a flux, a material that lowers the melting temperature of another material in its mixture, making it indispensable in the glass and ceramics sectors.
The compound is often available in granular or powdered form and is recognized for its stability under high temperatures. Advanced formulations may also feature enhanced purity levels, reduced impurities, and specialized particle sizes tailored for specific applications.
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Barium Carbonate Market Growth Drivers:
The surge in construction activities and the booming ceramics industry are primary factors driving the market for barium carbonate. Additionally, its use in removing sulfates in chemical production and water treatment processes contributes to its increasing market demand. Innovations in the field, such as the development of specialized barium carbonate grades for electronic applications, are also facilitating market growth.
The increasing need for high-quality glass in consumer electronics, coupled with advancements in production technologies, is another factor propelling the market. Moreover, stringent regulations related to water treatment are promoting the use of barium carbonate for sulfate removal, thereby expanding its market potential. In-depth research and development aimed at creating environmentally friendly formulations are providing further impetus.
The growing chemical industry, particularly in emerging markets, is sustaining the demand for barium carbonate as a key raw material. Other factors contributing to market growth include increased global industrial activities, the introduction of advanced products by leading manufacturers, and the rising need for high-purity barium carbonate in specialized applications are driving the growth of the market across the globe.
Barium Carbonate Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
Top Barium Carbonate Manufacturers:
- 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.
Report Segmentation:
The report has segmented the global barium carbonate market on the basis of end use and region.
Breakup by End-Use:
- Glass
- Brick and Clay
- Barium Ferrites
- Photographic Paper Coatings
- Others
Breakup by Key Regions:
- China
- Japan
- Latin America
- Middle East and Africa
- Europe
- Others
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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