Global Barium Nitrate Market 2018-2022

Want a bigger picture? Try a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.    

Overview of the barium nitrate market

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.

Companies covered

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 –

• Hebei Xinji Chemical Group
• Hummel Croton
• Nippon Chemical Industrial
• SAKAI CHEMICAL INDUSTRY
• Shanxi Jiaocheng Tianlong Chemical Industry
• Yingfengyuan Industrial Group

Segmentation by end-user and analysis of the barium nitrate market

• Fireworks/pyrotechnics
• Glass

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.

Segmentation by geography and analysis of the barium nitrate market

• Americas
• APAC
• EMEA

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.

Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global barium nitrate market?
• What are the key market trends impacting the growth of the global barium nitrate market?
• What are the challenges to market growth?
• Who are the key vendors in the global barium nitrate market?
• What are the market opportunities and threats faced by the vendors in the global barium nitrate market?
• What are the 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 nitrate market?

Technavio also offers customization on reports based on specific client requirement.