Barium Nitrate Market 2021 Research business standards and foreacst to 2027 With Top Key Players are Solvay S.A., Nippon Chemical Industries, Merck KGaA, Degussa AG
Barium nitrate or nitrobarite is an inorganic compound commonly used as an oxidizer to produce green flames in pyrotechnics. It is a colorless, odorless, water-soluble, and toxic substance that appears as a white crystalline solid. It is manufactured by dissolving barium carbonate in nitric acid and by the reaction of barium sulfide with nitric acid.
Barium nitrate is used in the production of barium oxide-containing materials which are further utilized as a coating for hot cathodes. It is also utilized in the manufacture of glass products, ceramics, and others. Along with this, the compound also has a variety of applications across various industries such as automotive, construction, metal, defense and vacuum tube.
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Robust military applications of the compound
In military application, barium nitrate along with TNT and binder is used to manufacture an explosive named Baratol. The substance is also used to produce high explosive flash powder by mixing with aluminum powder. Additionally, its mixture with thermite gives Thermate-TH3, which is widely used in military thermite grenades. Growing explosives R&D activities in the defense sector are predicted to boost consumption of barium nitrate to a large extent.
North America barium nitrate industry led by the U.S. and Canada is forecasted to rise considerably owing to the increasing defense budget to expand existing armories and strengthen national security. According to the Center for American Progress, defense spending in the U.S. was predicted to increase to US$740 billion in 2021.
Increasing research and development in the defense sector, military drills, and escalating cross-border tensions are some key factors that could augment the regional industry share in the coming years.
Metal, glass manufacturing, and construction industries
Nitrobarite is a vital raw material used in the building processes such as insulation, flooring, tile, caulk, glass, wood, and others. Owing to the exceptional chemical and physical properties, barium nitrate is broadly utilized in the manufacturing of electrical machinery, air/spacecraft machinery, and other machinery used in the production of cement.
Growing demand for barium nitrate in the metal industry is also observed. It is broadly utilized in the metal applications for manufacturing of metals, surface treatment of metals, and casting of metals, among others. The compound is also used in various ceramic products to enhance their glaze.
The barium nitrate industry from glass manufacturing applications is slated to witness exponential growth by 2027. The substance is used to make low thermal expansion and high-quality glass products. Its utilization in the manufacture of glasses helps in keeping them clearer and free from discoloration. Moreover, it also improves the refractive index of glasses used in camera lenses. It is also used in glass cleaning products.
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Global barium nitrate market share is moderately fragmented. The key players operating in the market includes Solvay S.A., Barium Chemicals Co. Ltd., Sigma Aldrich Corporation, Nippon Chemical Industries, Merck KGaA, Sakai Chemical Industry Co. Ltd., Basstech International LLC., Degussa AG, Angene International Limited.
Companies are majorly focusing on increasing production capacities to cater worldwide product demand. Initiatives along with competitive pricing may support increase in market share over projected time frame.
Barium Nitrate Market, By Application, 2014-2025 (Tons) (USD Million)
• Glass/ Ceramics Manufacturing
• Tracer Bullets
• Vacuum Tube Manufacturing
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