Global Barium Carbonate Market Report and Forecast 2023-2028

Global Barium Carbonate Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global barium carbonate market grew significantly in 2022. Aided by the rising construction activities and growth of real estate sector, the market is expected to grow significantly by 2028.

Barium carbonate, a white odourless powder, is a key component in the production of various products such as glass, ceramics, cement, and bricks. It's employed in the glass industry to enhance the lustre and clarity of glass products. Barium carbonate is also employed in the ceramics industry to prevent the formation of efflorescence on surfaces, and as a raw material in the manufacture of certain types of bricks and tiles. Moreover, it plays a crucial role in water treatment processes by eliminating harmful elements like sulphate.

The increasing demand for glass and ceramic products is driving the global barium carbonate market growth. With rapid urbanisation and construction activities around the world, there has been a substantial rise in the requirement for these products, leading to an increased demand for barium carbonate. Additionally, the growth of industries such as cement and bricks manufacturing, which heavily rely on barium carbonate, has contributed significantly to the expansion of the market.

The diverse applications of barium carbonate in various industries are also significantly contributing to the barium carbonate market expansion. In the water treatment sector, barium carbonate is used to purify industrial and municipal water supplies by removing harmful sulphate. The electronics industry employs barium carbonate in the production of televisions, computer monitors, and other display screens, due to its ability to improve picture clarity.

Moreover, the growing focus on environmental sustainability and clean water availability has led to an increased emphasis on water treatment processes, wherein barium carbonate plays a pivotal role. The rise in environmental awareness and the pressing need for clean water have made water treatment processes more critical than ever, thus, escalating the barium carbonate market demand.

The market holds immense potential for growth, primarily driven by its wide-ranging industrial applications and the escalating demand for water treatment processes. Continuous innovations and the development of safer handling and disposal methods for barium carbonate may further propel the barium carbonate market growth in the coming years.

Market Segmentation

The market can be divided based on end use, and region.

Market Breakup by End Use

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

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global barium carbonate market companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• AG CHEMI GROUP, s.r.o.
• Brenntag North America, Inc.
• Honeywell International Inc.
• Nippon Chemical Industrial Co., Ltd.
• Chemical Products Corporation
• Hebei Harmony Enterprise Co. Ltd
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.