Barium Carbonate Market – Global Industry Analysis And Forecast (2023-2029)

Barium Carbonate Market was valued at US$ 591.3 Mn. in 2022. The Global Barium Carbonate Market size is estimated to grow at a CAGR of 5.67 % over the forecast period.
Barium Carbonate Market Overview:
The report explores the Barium Carbonate market's segments (Type, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Barium Carbonate market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Barium Carbonate market's contemporary competitive scenario.

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Barium Carbonate Market Dynamics:
An increase in construction leads to growth of the market:

Barium Carbonate has a chemical formula of BaCO3. It is used for increasing the refractive index, and luster of glass, and to remove efflorescence from tiles. The increasing demand for Barium Carbonate in developing countries is responsible for the growth of the Barium Carbonate market. The government’s across the globe are increasing their investments in infrastructure development are expanding the demand in the Barium Carbonate market. Industrialization is also causing increased demand for buildings and construction which will impact positively the market growth. In addition, the ever-rising population, standard of living, and personal disposable income are other factors which are driving the Barium Carbonate demand across the globe.

Salt buildup on bricks and tiles is prevented by adding barium carbonate. Insoluble carbonates and sulphates are formed when barium carbonate combines with soluble sulphates, resulting in insoluble carbonates and sulphates that do not cause scum. The construction and building industry has a strong demand for barium carbonate. The demand for barium carbonate in the electro-ceramic materials market is increasing as the semiconductor and electronics industries increase. Multilayered ceramic capacitors, PTC thermistors, piezoelectric transducers, sensors, dynamic RAM, MEMS, optical modulators, and electromechanical devices all use barium carbonate as a major component. In the near future, however, the drop in CRT glass manufacturing is projected to confine the barium carbonate market to the specialty glass segment. By 2025, around 85% of CRT devices are expected to be obsolete. With the fall in demand for CRT, barium carbonate demand is expected to decline in the coming years.

The rising use of Barium Carbonate for the manufacturing of CRT Television Glass which is having largest market. Rapid growth in infrastructure is caused due to growing urbanization across the globe. Also, the rapid increase in population leads to the growing demand for residential and non-residential constructions. Currently, Ceramic tiles have also become a trend in construction, ceramic tiles production requires Barium Carbonate and ceramic tiles are the fastest-growing plication segment. These are the key factors that are driving the Barium Carbonate Market across the globe.
Barium Carbonate Market Trends:
The infrastructure and construction industry are one of the dominating segments which is driving the Barium Carbonate Market. The growing use of Barium Carbonate for the manufacturing of CRT Television Glass which is having largest market other than the infrastructure and construction market. The rapid expansion of infrastructure all over the developing and underdeveloped countries led to an increase in construction causing the growth in demand for Barium Carbonate The government also focused on developing the infrastructure which further helps in developing the overall economy of a country. Infrastructure development leads to an increase in demand for bricks and ceramic tiles. In addition, strict regulations are implemented for controlling the environmental degradation, which is caused by the industries producing the Barium Carbonate. This creates a positive view for the market and leads to Barium Carbonate Market growing during the forecast period.
Segment Analysis:
The global Barium Carbonate Market is segmented into Types and Application.

Based on Type, the Barium Carbonate  is bifurcated into Granular, Powder, and Ultra-fine. Among all these segments the powdered Form has the highest share accounting for 53% in 2022. The segment growth is attributed to its growing use as a flux in manufacturing matt glazes, clay bricks, and specialty glasses. In addition, it is also used in the manufacturing of barium peroxide, barium hydroxide, and barium chloride, which in turn, increase product demand across the globe.

Based on Application: The Barium Carbonate  is segmented into Speciality Glass, Bricks& Tiles, Chemical Compounds, Glazes, Fruits, Enamels, and others. Among all these segments Bricks & Tiles have the highest market share because it is widely used for replacing marble floors, metal slabs, and interior decortications. The infrastructure and construction segment are widely contributing to the growth of the Barium Carbonate  The government is also increasing investments in infrastructural development in developing countries. Which further contributes for growing the economy of the country.
Regional Insights:
The Asia Pacific region held the largest market share accounting for 37% in 2022. The region’s growth is attributed to the increase in construction in countries like China, India, and Japan. Also, the increasing population which leads to the growth of residential and non-residential buildings. This created an opportunity in increasing the demand for Barium Carbonate

The North American region is expected to witness significant growth at a CAGR of 9% through the forecast period. This is due to the increase in residential construction across the region.

The objective of the report is to present a comprehensive analysis of the global Barium Carbonate  to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Barium Carbonate dynamic, and structure by analyzing the market segments and projecting the Barium Carbonate  size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Barium Carbonate make the report investor’s guide.
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Barium Carbonate Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 591.3 Mn.


Forecast Period 2023 to 2029 CAGR:
5.67%
Market Size in 2029:
US$ 870.22 Mn.


 Segments Covered:
by Type
Granular
Powder
Ultra-fine


by Application
Ceramic Glass
Tiles
Barium Ferrite
Bricks and Clay



Barium Carbonate Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
South America (Brazil, Argetina and Rest of South America)
Barium Carbonate Market Key Players:
1. Solvay
2. Sakai Chemical Industry Co., Ltd
3. Shaanxi Ankang Jianghua Group Co., Ltd
4. Chemical Products Corporation
5. Hebei Xinji Chemical Group Co., Ltd
6. Hubei Jingshan Chutiam Barium Salt Corporation Limited
7. Guizhou Red Star Development Co., Ltd.
8. Honeywell International
9. Hengyang Wanfeng Chemical
10. Osram Sylvania Products Inc.
11. American Elements
12. Santa Cruz Biotechnology
13. IBC Limited
14. Maruti Chemicals Company
15. Rahul Barium Chemicals
16. Chaitanya Chemicals

Frequently Asked Question

1) What is the growth rate of the market?
Ans: In the forecasted period of 2023-2029, the market is projected to grow at a CAGR of 5.67%.

2) What are the major industry drivers?
Ans: The major drivers of the industry such as rising disposable income, enhanced standard of living favorable properties of the product rising demand for the product in the manufacturing of CRT television glass, and the increasing demand from the construction industry are expected to aid the market growth.

3) What are the key industry trends in the global barium carbonate 
Ans: The rapidly expanding demand for barium carbonated in construction materials due to the increase in construction activities and the growth of the real estate sector is expected to be a major trend guiding the market.

4) What are the major regions of barium carbonate according to the market report?
Ans: The major regions in the market are North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.

5) Which is the end-use segment according to the largest market share?
Ans: The most significant end-use segment in the industry is the glass and brick and clay sectors.