What is Barium Sulfate Market?
Barium sulfate is the inorganic compound which is odorless and insoluble in water. The chemical formula of Barium sulfate is BaSO₄ with molecular mass is 233.38 g/mol. It is obtained by reacting barium chloride or barium carbonate with sulfuric acid. It is also known for its poor solubility in water, which is insoluble in alcohols. It is widely used in medical and radio imaging, owing to its radio-opaque and water insolubility properties. It also has various applications in paper coatings, fillers in plastics, pyrotechnic compositions, linoleum, rubber, textiles, and others is widely used in the paints and coating industry. The growing demand for highly purified fluids and the rising automobile industry are some of the major drivers which are propelling the growth of the market.
The market study is being classified and major geographies with country level break-up.
Dongfeng Chemical (France), FoshanOnmillion Nano Material (China), SachtlebenChemie (Germany), Shaanxi Fuhua Chemical (China), ShenzhouJiaxin Chemical (China), Xuri Group (China), XinJiXibo (China), ValourImpex (India), Nippon Chemical Industrial Co., Ltd. (Japan) and The Cary Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Solvay Fluorides, LLC (Belgium.
Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Barium Sulfate market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Barium Sulfate market by Type, Application and Region.
On the basis of geography, the market of Barium Sulfate 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.
Market Drivers
- Growing Demand for the Automobile and Steel Industry
- Rising Demand for Polypropylene and Polystyrene in Various Packaging Applications
- Increasing Usage of Barium Sulfate Construction Industry
Market Trend
- Development of the New Innovative Diagnostic Technologies
- Rising Global Population and Income Growth in Key Emerging Markets
Restraints
- Stringent Environmental & Safety Regulations for Barium Sulfate
Opportunities
- Increase in Demand Barium Sulfate in Developing Countries
Challenges
- High price of Barium Sulfate Products
- Lack of Awareness Regarding the Benefits of Using Barium Sulfate in the Industry
On July 2017, the Bracco Diagnostics (United States) company has received FDA approval for usage of Varibar Nectar barium sulfate products. It will benefit increase in the product portfolio of the company.
On July 2015, as per an article published by the Agency for Toxic Substances and Disease Registry (United States), barium sulfate dissolved in water quickly combines with sulfate and carbonate which are naturally found in water. In addition, when barium sulfates are released onto land, they will combine with particles of soil. It is also determined that drinking water should not contain more than 2.0 milligrams barium per liter of water (2.0 mg/L).
Key Target Audience
Manufacturers of Barium Sulfate, Suppliers of Barium Sulfate, Wholesalers, Distributors and Retailers of Barium Sulfate, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others