IMARC Group has recently released a new research study titled “Barium Carbonate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
How big is the barium carbonate market?
The global barium carbonate market size reached US$ 617.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 911.6 Million by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
What is the barium carbonate?
Barium carbonate refers to a white solid sourced from the precipitation of urea and barium hydroxide. It is available in powder, granular, and ultra-fine forms. These barium carbonate variants are tasteless, water-insoluble, odorless, dense, and highly toxic in nature and are utilized in the production of multiple commercial products, including rubber, enamels, paints, ceramics, glass, oil drilling, and bricks. Consequently, they find extensive applications across various sectors, such as construction, ceramics, oil and gas, electronics, etc.
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Global Barium Carbonate Market Trends:
The expanding construction and real estate segments and the elevating usage of the chemical in the production of blocks, bricks, and tiles are primarily driving the barium carbonate market. In line with this, the launch of numerous infrastructural development projects by the government bodies and the escalating demand for bricks and ceramic tiles for the purpose are acting as significant growth-inducing factors. Moreover, the shifting consumer preferences, especially in developing countries, toward premium-quality decorative items, including ceramic figurines, vases, glass paintings, etc., are also positively influencing the barium carbonate market growth.
Besides this, the growing electro-ceramics industry, wherein barium carbonate is employed in the production of several components, which include piezoelectric transducers, sensors, electromechanical devices, and optical modulators, is further stimulating the global market. In addition to this, the introduction of eco-friendly processes for producing barium carbonate by leading market players using methane as the reducing agent to abide by the implementation of stringent regulations to control environmental degradation caused by the industrial sector is expected to propel the barium carbonate market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
Barium Carbonate Key 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.
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What is included in market segmentation?
The report has segmented the market into the following categories:
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.
About Us
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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