The report offers detailed coverage of Barium Sulfate industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Barium Sulfate by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Barium sulfate with the chemical formula BaSO. It is a white crystalline solid that is odorless and. It occurs as the mineral, which is the main commercial source of and materials.
The growth of the market is majorly attributed to the rapid development of the paints and coating industry of household car and electric vehicle, as well as the growing demand from small- and medium-scale enterprises in developing countries.
The China market is expected to grow at the highest CAGR between 2016 and 2022. China is expected to be the next largest consumer of the barium sulfate market. Increase in the industrial growth coupled with the civil constructions in China is expected to boost the consumption of barium Sulfate in Asia Pacific. The growing automobile industry in Asia Pacific is expected to boost the overall demand for paints and coating which in turn is expected to drive the growth of the barium Sulfate market in this region.
Some of the barium sulfate manufactured is consumed as a component of the oil well drilling fluid. Barium Sulfate is mainly used to increase the density of the fluids. Thus, the growing demand for highly purified fluids has boosted the overall growth of the barium sulfate market. Barium sulfate is widely used in the paints and coating industry. Barium Sulfate is widely used as a component for white Plastic Industry that is used in paints industry. Barium sulfate is transparent in nature and thus, it is used as filler or to modify the consistency of the paints. Thus, the growing automobile industry is expected to boost the overall growth of the paints and coatings industry which in turn is expected to boost the global demand for the barium Sulfate market. Growing construction industry is also expected to contribute to augment the overall growth of the barium Sulfate market. Barium Sulfate is widely used as plastic filler during the manufacturing of polypropylene and polystyrene.
The report forecast global Barium Sulfate market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Barium Sulfate market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Shenzhou Jiaxin Chemical
Sachtleben Chemie GmbH
Redstar
Shanxi Fuhua Chem
Long Fu Group
Onmillion Nano Material
Xingtang Xuri Chemical
Hoten
Lianzhuang Technology
Cimbar
Sakai Chem
Solvay
At the same time, we classify Barium Sulfate according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Precipitated Barium Sulfate (D50>0.5μm)
Ultra - fine Precipitated Barium Sulfate (D50≤0.5μm)
Market by Application
Paints & Coating Industry
Plastic Industry
Rubber Industry
Ink Industry
Others
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Barium Sulfate market for the forecast period 2021 - 2025?
• What are the driving forces in the Barium Sulfate market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Barium Sulfate industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?