Global Barium Carbonate Market 2017-2021

Overview of the global barium carbonate market

The global barium carbonate market industry report forecasts high demand from the glass industry. Barium carbonate gives luster and increase the refractive index of the glass. Barium carbonate find its application in the production of glass as it mixes easily with coloring oxides and leads to the formation of unique colors which cannot be achieved by other materials. Technavio’s barium carbonate market industry analysis has identified rising demand for barium carbonate from glass industry as one of the primary factors that will fuel the growth of the market in the coming years. Moreover, barium carbonate-based glass finds its application in cathode ray tubes, borosilicate glass, and glass filters. These factors are responsible for driving the market positively across the world. Our market research analysts estimate that by volume, the barium carbonate market will gorw at a CAGR of almost 4% by 2021.

The rising usage of barium carbonate in ceramic tiles will be one of the key barium carbonate market trends that will gain traction during the forecast period. Barium carbonate is highly used in ceramic tiles. Emerging economies such as China, India, Malaysia, Philippines, and Indonesia have humungous potential for growth. Moreover, demand for luxury goods such as ceramic tiles is increasing due to the growing disposable income. Some of the key applications responsible for the growth of this market are ceramic glazes, frits, and fluxes.

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Competitive landscape and key vendors

The barium carbonate market is highly fragmented due to the presence of several vendors. The number of new barium carbonate manufacturers entering the market is increasing due to the rising application of barium carbonate.  Large number of small players and start-ups are motivated to enter the market due to the availability of inexpensive raw materials and the simplicity of manufacturing process.

The leading vendors in the market are-

• Hengyang Wanfeng Chemical,
• Honeywell International
• SAKAI CHEMICAL INDUSTRY
• Shaanxi Ankang Jiang Hua Group
• Solvay

The other prominent vendors in the market are American Elements, Chemical Products Corporation, Hebei Xinji Chemical Group, Hengyang Xieli Chemical, Hubei Jingshan Chutian Barium Salt, IBC, Norkem, Rahul Barium Salts, Santa Cruz Biotechnology, and Zaozhuang City Yongli Chemical.

Segmentation by application type and analysis of the barium carbonate market

• Ceramic glass
• Tiles, bricks, and clay
• Barium ferrite

During 2016, ceramic glass segment accounted for the major shares of the barium carbonate market. Barium carbonate finds its application in television and computer screens and cathode ray tube products. Owing to its high refractive index, it is extensively used in decorative glasses. Moreover, barium carbonate manufacturers are focusing on producing high refractive glass beads made up of barium carbonate as it is extensively used in airport runways as safety strips.

Segmentation by geography and analysis of the barium carbonate market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the barium carbonate market throughout the forecast period. Factors such as rising population, increasing disposable income, growing construction industry, and increasing preference for a luxury living are driving the barium carbonate market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global barium carbonate market?
• What are the key market trends impacting the growth of the global barium carbonate market?
• What are the challenges to global barium carbonate market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global barium carbonate market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global barium carbonate market?

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