Global Barium Carbonate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Barium Carbonate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Barium Carbonate is manufactured from natural barium sulfate (barite) by reduction with petcoke and following precipitation with carbon dioxide.

Market Overview:

The latest research study on the global Barium Carbonate market finds that the global Barium Carbonate market reached a value of USD 351.2 million in 2022. It’s expected that the market will achieve USD 468.0 million by 2028, exhibiting a CAGR of 4.9% during the forecast period.

Market Opportunities

Due to the investment of some international electronics giants in Southeast Asia, these countries have also become the major consumers of barium carbonate, the advent of large-screen color TVs, the diversification and continuous upgrade of computers, and the stimulation of the international barium carbonate market. Refining with water has also increased the use of barium carbonate. The economy is stable and healthy, sustained development, and increased purchasing power of industry and residents have greatly promoted the development of barium carbonate.

Market Challenges

In recent years, the production of barium carbonate in Japan, the United States, Germany and other countries has been decreasing year by year due to depletion of mineral veins, rising energy costs, and environmental pollution. Many companies are actively looking for barium carbonate companies in developing countries to form joint ventures. Although it has promoted local industrial development and technological progress to some extent in the past, the environmental pollution and personal injury it brings are also huge challenges.

Region Overview:

In 2022, the share of the Barium Carbonate market in China stood at 75.05%.

Company Overview:

Guizhou Red Star is one of the major players operating in the Barium Carbonate market, holding a share of 29.68% in 2023.

Guizhou Red Star

Guizhou Red Star Development Co., Ltd. is located in the hometown of Zhenning County, the hometown of Huangguoshu Falls, the world-famous tourist attraction.

Solvay

Solvay SA manufactures chemicals and plastics. The Company produces soda ash, hydrogen peroxide, functional polymers, silica, surfactants, food and fragrance flavors, and other specialty polymers. Solvay offers its products to numerous industries, including the aerospace, alternative energy, automotive, chemical, construction, consumer goods, food and beverage, and oil and gas markets.

Segmentation Overview:

As for product types, the 98%-99% segment held the largest market share in 2022.

Application Overview:

By application, the Electronics Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Barium Carbonate market covered in Chapter 3:

Zaozhuang Yongli Chemcial
Xinji Chemical
Jianghua Group
Hubei JingshanChutian Barium Salt
Guizhou Red Star
Solvay
Hunan Darong Chemical CO., Ltd.
Qingdao Terio Corporation
Hengyang Wanfeng Chemical CO., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Barium Carbonate market from 2018 to 2029 is primarily split into:

98%-99%
>99%<98%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Barium Carbonate market from 2018 to 2029 covers:

Electronics Industry
Ceramics
Glass
Chemical Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)