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According to Technavio’s barium nitrate market research report, the growth of fireworks industry will be one of the key factors impacting the market’s growth during the next few years. Fireworks are extensively used in various occasions across different parts of the world. For instance, festivals like the New Year’s Eve garner the demand for fireworks or pyrotechnics across various advanced economies including the UK and the US. Furthermore, the rising demand for fireworks in emerging economies of APAC including India and China will proliferate the growth of barium nitrate market during the predicted period. Stringent government regulations and environmental concerns are encouraging firework manufacturers to introduce environment-friendly fireworks, concurrently driving the demand for raw materials such as barium nitrate. Technavio’s market research analysts have predicted that the barium nitrate market will register a CAGR of about 6% by 2022.
With the growing use in producing nano-based products, barium nitrate has been gaining popularity in the recent years. Barium nitrate, when used as a starting material for producing barium sulfate nanoparticles has great potential in X-ray imaging, diagnostics, and healthcare. Further, the barium sulfate nanoparticles are applicable in the paints and coatings industry as well. According to Technavio’s barium nitrate industry research analysis, such fast-paced growth of barium nitrate in nanotechnology will be one of the major trends gaining traction in the market during the next few years.
With the presence of a considerable number of barium nitrate manufacturers, this market appears to be moderately fragmented and the companies are highly focusing on enhancing the product quality for gaining a competitive edge in the market. As a result, the level of competition among the players is quite intense. This barium nitrate industry research report provides a comprehensive analysis of the market’s competitive landscape and offers information on the products offered by companies to help the clients identify new growth opportunities and design unique growth strategies.
This research report provides an analysis of various companies in this market including –
The fireworks/pyrotechnics industry was the major end-user to this market during 2017. According to this barium nitrate industry research report, the segment will account for the maximum growth of this market throughout the forecast period.
During 2017, APAC accounted for the maximum growth of this market. Owing to factors such as the growth of the fireworks industry in the emerging economies such as China and India, this region will continue to contribute to the maximum growth of this market during the next few years as well.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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