Press release
The Barium Nitrate Market is expected to grow at a CAGR of 5.8% during 2021-2026, Major Keyplayers - Solvay, Barium Chemicals, Sakai Chemical, Sigma Aldrich, etc.
Barium Nitrate Market
Barium nitrate is an organic salt composed of barium and nitrate ion. It is a colorless, odorless, and easily soluble in water as well as in ethanol and acetone. Barium nitrate is a crystalline substance which can occur naturally as nitrobarite and can be manufactured by two processes. In the first process, reaction of barium carbonate with nitric acid is carried out, which results in separation of barium nitrate crystals from the mixture. The second process involves the reaction of sodium nitrate solution with barium chloride, which produced barium nitrate crystals. The thermal decomposition of the product take place at around 500ºC -700ºC with the release of oxygen, barium oxide, and nitrogen dioxide. When barium nitrate blended with aluminum powder, a formula for flash powder, is highly explosive and when it is mixed with Thermite, it forms Thermate-TH3, which is extensively used in military thermite grenades. Barium nitrate acts as an oxidizer and is widely consumed to produce green fireworks.
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The Major Manufacturers Covered in this Report:
Solvay, Barium Chemicals, Sakai Chemical, Sigma Aldrich, Angene International, Hummel Chemical, Evonik Industries, San Yuan Chemical, HaoHua Chemical, and Meritop Chemicals
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Barium Nitrates Market Segmentation
By Type
Reaction with Barium Carbonate
Reaction with Barium Sulphate
Combination with Barium Chloride
By Application
Chemicals
Military and Defense
Recreational
Others
Regional Segmentation:
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Regional Insights
Geographically, the global barium nitrates market is segmented into five regions: North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
North America barium nitrates market witness significant growth on account of strong presence of prominent manufacturing facilities and availability of superior technology. As per world economic forum, in 2018, the US accounted for 45.69% of the global increase in defence spending, U.S is a major importer of barium chemicals for the manufacturing of the barium nitrate and other products also U.S is one of the leading military powers in the world.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Barium Nitrate Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Barium Nitrate Market sub-markets, depending on key regions (various vital states).
To analyze the Global Barium Nitrate Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Barium Nitrate Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions to 2029.
Primary worldwide Global Barium Nitrate Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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