What is Barium Sulphate Market?
Barium suphate is the organic compound with the chemical formula BaSO4 that is insoluble in water at room temperature. Barium sulphate is mostly used as a component in oil well drilling fluid. It appears as a white or yellowish odorless powder or small crystals and occurs in nature as the mineral barite. It is also used in paints, paper coatings, linoleum textiles, rubber and other applications.
Highlights from Barium Sulphate Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cimbar Performance Minerals, Inc. (Georgia), Barium & Chemicals, Inc. (United States), Solvay S.A (Belgium), Shaanxi Fuhua Chemical Co., Ltd. (China), Huntsman Corporation (United States), Nippon (Japan), Zhejiang Dongfeng Chemical Co Ltd (China), Sachtleben Chemie GmbH (Germany), Shaanxi Fuhua Chemical Co., Ltd. (China) and Shenzhou Jiaxin Chemical Co., Ltd (China) |
Many companies are focusing on growth strategies such as product launches, product approvals, and others such as patents and events. These activities pave the way for the expansion of business and customer base of market players Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Barium Sulphate market throughout the forecasted period.
Cimbar Performance Minerals, Inc. (Georgia), Barium & Chemicals, Inc. (United States), Solvay S.A (Belgium), Shaanxi Fuhua Chemical Co., Ltd. (China), Huntsman Corporation (United States), Nippon (Japan), Zhejiang Dongfeng Chemical Co Ltd (China), Sachtleben Chemie GmbH (Germany), Shaanxi Fuhua Chemical Co., Ltd. (China) and Shenzhou Jiaxin Chemical Co., Ltd (China) are some of the key players profiled in the study. Barium Sulphate Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Paint Industry, Coating Industry, Pharmaceutical Industry, Rubber Industry and Others |
Type | Natural Barium Sulphate and Synthetic Barium Sulphate |
Grade | Industrial Grade,Pharmaceutical Grade |
On the basis of geography, the market of Barium Sulphate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Plastic Products
Market Growth Drivers:
Increased Demand for Various Industrial Applications Such As Component in Oil Well Drilling Fluid and High Demand for Paint Industry Application
Challenges:
Slowdown of the World Economy
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand for Highly Purified Fluid and Goth in Coating and Rubber Industry Will Creates Demand for Barium Sulphate
Key Target Audience
Barium Sulphate Manufacturers, Corn oil Providers/Vendors, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user
Market Leaders & Development Strategies
TOR Minerals International Inc. was acquired by Cimbar Performance Minerals Inc. in March 2021. Aluminium trihydrate (ATH) and barium sulphate (Barite) business of TOR Minerals International Inc was acquired by Cimbar Performance Minerals Inc. The acquisition aided Cimbar in growing its offerings and market share
Gabriel Performance Products (Gabriel), a North American provider of specialized additives and epoxy curing agents for coatings, adhesives, sealants, and composite end-markets, was acquired by Huntsman Corporation from Audax Private Equity