Global Barium Carbonate Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Barium Carbonate Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global barium carbonate market report has been segmented on the basis of product, application, form, and region.
Global Barium Carbonate Market: Overview
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 using in the glass industries. Usually, barium carbonate is obtained by the reaction amongst or pet coke and barium sulfate. This barium carbonate is used in manufacturing other barium compounds. They are also used in removal of efflorescence in tiles and bricks, production of specialty glass, and manufacturing other barium compounds.
Global Barium Carbonate Market: Dynamics
Increasing demand for bricks and tiles has been increasing over the last few years coupled with rising in 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, growing population, increasing government spending on many infrastructural activities are other factors expected to drive the global market. However, 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, crystal type segment is dominating in the global market in terms of revenue share. Because of increasing demand for crystal type in many industries. This is the factor expected to drive the growth of type segment. On the basis of application, bricks and tiles segment is dominating in the global market in terms of revenue. Due to increasing usage of barium carbonate in tiles and bricks for prevention of scrumming. On the basis of form, granular segment dominates the global market in terms of revenue. As 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, North America market is accounting as the largest share and is likely to drive growth over the forecast period. Due to increasing demand for stringent environmental laws in the US and Canada coupled with increasing investment in R&D for development of new eco-friendly products, in order to reduce greenhouse gas emissions and is expected to drive growth of the global market. Asia Pacific market in anticipated to see fastest growth in terms of revenue share in the near future due to 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 Asia Pacific region. Europe also accounts for the major revenue share. Furthermore, market in Middle East and Africa 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
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 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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