Barium Nitrate Market Overall Size, Status, Top Players, Trends and Demand Analysis Forecast to 2022
The global barium nitrate market was valued at $2,368.3 million in 2015, and it is expected to grow at a CAGR of 5.51% during 2016 – 2022. The factors driving the growth of the global market include growing demand from the fireworks/pyrotechnics industry along with their increasing use in military applications across the globe.Request to Get the Sample Report : https://www.psmarketresearch.com/market-analysis/barium-nitrate-market/report-sample
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.
GLOBAL BARIUM NITRATE MARKET SEGMENTATION
By End-User
Fireworks/Pyrotechnics
Glass/Ceramics
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Russia
Rest of Europe
Asia-Pacific
China
India
Rest of Asia-Pacific
Rest of the World (RoW)
Brazil
Rest of RoW
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