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Barium Nitrate Market Growth by 2023 - Industry Analysis, Size, Share and Opportunities
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The key trend witnessed in the global barium nitrate market includes continuous and stable demand for the barium nitrate products from the fireworks/pyrotechnics industry which is expected to keep the market healthy in the coming years. Barium nitrate is an important intermediate chemical for the pyrotechnic industry. It is also used to as an oxidizer to make green fireworks.
Barium Nitrate can also be used as an oxidizer in glass manufacturing process to avoid spontaneous crystallization during the process, as barium nitrate serves in improving homogeneity & opacity in porcelain-enamels and as an ingredient in optical glasses.
The powder has a wide range of applications such as coating for specialized mechanical component, device packaging, semiconductor devices, superconductor devices, etc. the demand of barium nitrate from glass/ceramic segment is expected to grow during the forecast period, owing to the growth of glass industry & electronic industry.
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Some of the major companies operating in the global barium nitrate market include Angene International Limited, Basstech International Llc, Hebei Xinji Chemical Group Co Ltd, Hummel Croton Inc., Jiaocheng Sanxi Chemical Co., Ltd., Sakai Chemical Industry Co. Ltd., SNDB, Solvay, Tennants Distribution Ltd, and Xilan Chemicals Co. Ltd.
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