Barium Carbonate Market to Hit US$ 911.6 Million Value by 2028 | 2023 Latest Research Report by IMARC Group

IMARC Group has recently released a new research study titled "Barium Carbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

How big is the barium carbonate market?

The global barium carbonate market size reached US$ 617.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 911.6 Million by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

What is the barium carbonate?

Barium carbonate refers to a white solid sourced from the precipitation of urea and barium hydroxide. It is available in powder, granular, and ultra-fine forms. These barium carbonate variants are tasteless, water-insoluble, odorless, dense, and highly toxic in nature and are utilized in the production of multiple commercial products, including rubber, enamels, paints, ceramics, glass, oil drilling, and bricks. Consequently, they find extensive applications across various sectors, such as construction, ceramics, oil and gas, electronics, etc.

Global Barium Carbonate Market Trends:

The expanding construction and real estate segments and the elevating usage of the chemical in the production of blocks, bricks, and tiles are primarily driving the barium carbonate market. In line with this, the launch of numerous infrastructural development projects by the government bodies and the escalating demand for bricks and ceramic tiles for the purpose are acting as significant growth-inducing factors. Moreover, the shifting consumer preferences, especially in developing countries, toward premium-quality decorative items, including ceramic figurines, vases, glass paintings, etc., are also positively influencing the barium carbonate market growth.

Besides this, the growing electro-ceramics industry, wherein barium carbonate is employed in the production of several components, which include piezoelectric transducers, sensors, electromechanical devices, and optical modulators, is further stimulating the global market. In addition to this, the introduction of eco-friendly processes for producing barium carbonate by leading market players using methane as the reducing agent to abide by the implementation of stringent regulations to control environmental degradation caused by the industrial sector is expected to propel the barium carbonate market over the forecasted period.

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Barium Carbonate Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global barium carbonate market has been studied in the report with the detailed profiles of the key players operating in the market.

Barium Carbonate Key Manufacturers:

• Solvay S.A.
• Chemical Products Corporation
• Hubei Jingshan Chutian Barium Salt Corporation Ltd.
• Guizhou Red Star Development Import and Export Co. Ltd.
• Sakai Chemical Industry Co. Ltd.
• Hebei Xinji Chemical Group Co. Ltd.
• Shhanxi Ankang Jianghua Group Co. Ltd.
• Zaozhuang City Yongli Chemical Co., Ltd.

Read Blog: https://www.imarcgroup.com/barium-carbonate-companies

Report Segmentation:

The report has segmented the global barium carbonate market on the basis of end use and region.

Breakup by End-Use:

• Glass
• Brick and Clay
• Barium Ferrites
• Photographic Paper Coatings
• Others

Breakup by Key Regions:

• China
• Japan
• Latin America
• Middle East and Africa
• Europe
• Others

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=606&flag=C

Key Highlights of the Report:               

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.