Below are some of the key findings from the barium sulfate market research report
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Global barium sulfate industry overview
The growing paint and coating market is one of the critical reasons expected to propel the barium sulfate market in the next five years. The adoption of paint and coating materials is high due to the rapid growth of the building and construction sector. Barium sulfate is extensively used in the paint and coating sector as a white extender. This extender improves the chemical resistance of the surface coating and boosts specific gravity. Barium sulfate market is expected to witness high demand from APAC countries such as Thailand, Malaysia, Vietnam, India, and China.
The growing demand for polypropylene and polystyrene in packaging applications is one of the key factors expected to gain prominence in the market. Barium sulfate is often used as a plastic filler for manufacturing plastic packaging materials including beakers, bottles, flasks, specimen containers, and test tubes. The growing applications of barium sulfate for producing polypropylene and polystyrene to be used in protective packaging, foodservice packaging, bottles, and food containers. Such rising application will further drive the barium sulfate market during the forecast period.
Top barium sulfate companies covered in this market research report
The barium sulfate market is moderately fragmented with companies focusing on leveraging advanced technologies to offer high-quality products for catering the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this barium sulfate industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for strengthening their position in the market.
The report offers a complete analysis of various companies including:
- Nippon Chemical Industrial
- Noah Technologies
- SAKAI CHEMICAL INDUSTRY
- Solvay
- Venator Materials
Barium sulfate market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, the APAC region will account for the highest barium sulfate market revenue throughout the forecast period. The region will contribute the fastest growth in the market due to the thriving oil and gas industry and paints and coatings industries in the emerging economies including India and China.
Barium sulfate market segmentation based on end-user
- Oil and gas
- Chemicals
- Paints
- Others
The oil and gas end-user segment will account for the highest barium sulfate market growth due to it's superior non-corrosive, nonabrasive, inertness, and high specific gravity properties. Additionally, the report also provides an accurate prediction of the contribution of the various end-user segments to the growth of the barium sulfate market size.
Key highlights of the global barium sulfate market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the barium sulfate market during the next five years
- Precise estimation of the global barium sulfate market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the barium sulfate industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of barium sulfate companies
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