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Global Barium Carbonate Market Outlook to 2029

Market Research Reports | 2024 Edition | Report ID: BQ01712
Global Barium Carbonate Market Outlook to 2029

Report Description

Barium Carbonate, or Witherite, is a chemical compound commercially obtained from barium sulfide treatment with sodium carbonate. According to BlueQuark Research & Consulting, the global Barium Carbonate Market is expected to grow significantly during the forecasted period. Factors such as rising industrialization coupled with increased demand for barium carbonate by buildings and the construction industry will also directly and positively impact the growth rate of the barium carbonate market in the forecasted period. Further, the wide application of barium carbonate as a crystalizing and mating agent for glazing ceramic tiles drives the growth of the barium carbonate market in the forecasted period. Furthermore, implementing stringent regulations to control environmental degradation caused by the industrial sector has prompted vital players to adopt eco-friendly processes for producing barium carbonate, such as using methane as the reducing agent, creating a positive outlook for the market. However, the toxic nature of barium carbonate and stringent regulations implemented by several governments in developed countries on the usage of barium carbonate are likely to hinder the growth of the barium carbonate market in the forecasted period.

Barium carbonate powder is utilized in manufacturing glaze, enamels, cement, and ceramic metals.

The construction industry is the dominating segment, owing to the escalation in infrastructure projects. Barium carbonate is used in bricks and tiles to prevent scumming. As bricks and tiles are extensively used in the construction industry, the consumption of barium carbonate is also expected to increase with growing construction activities. Increase in demand for barium carbonate for a wide range of applications such as speciality glass, chemical compounds, bricks and tiles, glazes, electro-ceramic materials and frits and enamels, growth in the investment in exploration and production of unconventional resources, and a surge in industrialization in the developing countries are the significant factors attributable to the development of the barium carbonate market. Barium is a highly reactive material and is a prominent source of barium derivatives such as barium chloride. Barium carbonates help in increasing the refractive index and lustre of glass. Barium carbonate is water-insoluble and can also remove efflorescence from tiles. The market development is further supported by significantly rising urbanization and disposable incomes, particularly in developing countries, which have inflated sales of premium-quality decorative items, such as glass paintings, vases, and ceramic figurines. Moreover, the electro-ceramics industry has been observing significant growth, wherein barium carbonate produces several components, such as piezoelectric transducers, electromechanical devices, sensors, and optical modulators. The increasing use of barium carbonate in making blocks, bricks, and tiles is predicted to drive the market. The blocks and tiles segment accounts for a sizeable chunk of the barium carbonate market. Alteration of clay tiles for metal components, marble floors, and other home improvement items is required to aid the market in the forecasted period. Expanding barium carbonate in blocks, bricks, and tiles to prevent scrimmaging will boost barium carbonate demand. Aside from that, the market is propelled by rapid urbanization and rising consumer spending power, miniatures.

The Asia-Pacific region stands to be the highest and fastest-growing market for barium carbonate. Consumption of barium carbonate in bricks and tiles from construction and refurbishment activities drives market growth. Asia-Pacific countries, such as China, India, and Vietnam, have been registering strong growth in construction activities, which is awaited to drive the consumption of barium carbonate in the region over the forecast period. Barium carbonate is mainly used for manufacturing and glazing ceramic tiles since it is a crystallizing and matting agent that combines with specific colouring oxides to synthesize unique colours. A surge in construction activities in developing regions and the surging use of tiles have influenced market growth. Barium carbonate increases glass's refractive index and lustre, making it suitable for use in the glass industry. It also produces cathode ray tubes, optical glass, glass filters and borosilicate glass. The sector is further aided by the various favourable properties of the chemical product, including thermally very stable. It only readily disassociates if some carbon source is available in the atmosphere, due to which it finds its application in various industries. The increasing use in the manufacturing of CRT television glass represents the biggest market for barium carbonate, further accelerating the industry's growth. Its global demand is experiencing the fastest growth in construction materials (particularly glass, ceramic tiles, bricks and glazes) due to surging construction activities and the development of the real estate sector. Barium carbonate consumption witnesses rapid growth due to increasing consumption in significant end-user segments such as semiconductors, glass, papermaking, dyestuff, rubber, plastic, oil refining, metal heat processing, etc. Barium carbonate is used as raw material for barium titanate, which is further used in the production of the multi-layer ceramic capacitor (MLCC) and composite oxides, or as a raw material for positive temperature coefficient (PTC) thermistors, optical glass, and sputter glass for semiconductors. The electronics and electrical industry is one of the world's leading industries. Consumer electronics account for one-third of the Japanese economic output. The country is a world leader in Japan's production of computers, gaming stations, cell phones, and other key computer components.

The market's key players are AshlandMitsubishi Chemical CorporationHoneywell International Inc., SHAANXI ANKANG JIANGHUA GROUP CO., LTD., and Chemical Products Corporation.

In October 2022, The Indian Finance Ministry eliminated the anti-dumping tariff on Chinese imports of Barium Carbonate, an inorganic chemical in white powder or granules. The tax department action came more than a period of a month after the DGTR advised the "rapid cessation" of anti-dumping duties on Chinese imports of barium carbonate.

The Global Barium Carbonate Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the market by segmenting it based on Product (Granular, Powder, Ultrafine, and Other Products), Application (Bricks and Tiles, Specialty Glass, Glazes, Electro Ceramic, Enamel, and Other Applications), End-User Industry (Construction, Oil and Gas, Ceramic, Electrical and Electronics, and Other End-user Industries), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The research examines emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched sections on the competitive landscape with prominent companies and profiles, including their market shares and projects.

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  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the Barium Carbonate market.
  • Equip yourself with rigorous analysis and forward-looking insight into the Barium Carbonate market across various regions.
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop a strategy.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market data and forecasts to understand how the demand for the Barium Carbonate Market evolves over the next five years across various regions.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Tables and charts

Global Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

North America Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

United States Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Canada Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Mexico Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Europe Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

United Kingdom Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Germany Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Other Supporting Charts

Italy Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

France Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Spain Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Rest of Europe Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

South America Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Brazil Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Argentina Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Rest of South America Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Asia-Pacific Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

China Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

India Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Japan Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

South Korea Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Rest of Asia-Pacific Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Middle East & Africa Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Saudi Arabia Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

South Africa Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

Rest of Middle-East & Africa Barium Carbonate Market Size, Market Growth & Market Forecast Revenue(in USD million), 2018-2028

  Who need this report?

  • Construction Companies
  • Electronic Companies
  • Suppliers, distributors of Barium Carbonate
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Others

  What's included

Report - Global Barium Carbonate Market Outlook to 2028.pdf
Market Data - Global Barium Carbonate Market Outlook to 2028.xls

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