Global Barium Carbonate Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Barium Carbonate Market Overview
“The global Barium Carbonate market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Barium carbonate is factory-made by using a fresh material called barite which is a chemical compound. Barium carbonate upturns the refractive index and shine of glass, which is useful and suitable for use in the glass industry.
Usually, barium carbonate is obtained by the reaction between pet coke and barium sulfate. This barium carbonate is used in manufacturing other barium compounds. They are also used in the removal of efflorescence in tiles and bricks, production of specialty glass, and manufacturing other barium compounds.
Global Barium Carbonate Market: Dynamics
The increasing demand for bricks and tiles has been increasing over the last few years coupled with rising in the number of construction activities across the globe has increased the usage of tiles are the major factors expected to drive the target market.
In addition, the growing population, and increasing government spending on many infrastructural activities are other factors expected to drive the global market. However, a lack of common supervisory principles and privacy matters is among the major factor which hampers the growth of the target market.
Furthermore, increasing disposable incomes and rising inclination for a luxury living of many populations are among the other major factors expected to drive the growth of the target market.
Global Barium Carbonate Market: Segment Analysis
On the basis of product, the crystal type segment is dominating the global market in terms of revenue share. Because of the increasing demand for crystal types in many industries. This is the factor expected to drive the growth of the type segment.
On the basis of application, the bricks and tiles segment is dominating the global market in terms of revenue. Due to the increasing usage of barium carbonate in tiles and bricks for the prevention of scrumming.
On the basis of form, the granular segment dominates the global market in terms of revenue. This granular form of barium carbonate is mainly used in the manufacturing of specialty glasses, crystal glass, and display glass.
Global Barium Carbonate Market: Regional Analysis
Currently, the North American market is accounting for the largest share and is likely to drive growth over the forecast period.
Increasing demand for stringent environmental laws in the US and Canada coupled with increasing investment in R&D for the development of new eco-friendly products, in order to reduce greenhouse gas emissions is expected to drive the growth of the global market.
Asia Pacific market is anticipated to see the fastest growth in terms of revenue share in the near future due to the rising number of construction activities is increasing the consumption of glass and ceramic tiles in the region are the factors which are driving the growth of the target market in the Asia Pacific region.
Europe also accounts for the major revenue share. Furthermore, markets in the Middle East and Africa are expected to witness average growth over the forecast period, followed by in Latin America the target market.
Global Barium Carbonate Market Segmentation:
Segmentation by product:
- Crystal Type
- Power Type
Segmentation by application:
- Specialty glass
- Bricks & tiles
- Chemical compounds
- Frits, and enamels
- Electro-ceramic materials
Segmentation by form:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Chemical Products Corporation
- Sakai Chemical Industry Co., Ltd
- Hebei Xinji Chemical Group Co., Ltd
- Shaanxi Ankang Jianghua Group Co., Ltd
- Hubei Jingshan Chutiam Barium Salt Corporation Limited
- Guizhou Red Star Development Co., Ltd.
- Honeywell International
- Hengyang Wanfeng Chemical,
- Osram Sylvania Products Inc.
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