San Francisco, California, August 18, 2017: “Barium Sulfate Market – Global Industry Analysis, Size, Share, Trends, and Forecast 2017-2025” is the latest report by TMR Research and sheds light on the global barium sulfate market. The report provides an in-depth analysis of the prominent segments of the market along with its competitive landscape.
Barium is primarily utilized in various industries because of its high chemical reactivity. Commonly used derivatives of barium are barium oxide, barium nitrate, barium sulfate, barium chloride, barium carbonate, and barium titanate. Among the mentioned names, barium sulfate is highly acknowledged for not having any adverse effects on the environment and humans. It is largely used for the production of polypropylene and polystyrene, extensively used in the packaging industry. Both of these factors are expected to have a positive impact on the revenue of the global market. Inorganic barium sulfate compound finds widespread usage in various industrial applications because of its outstanding properties such as high density and white opaque appearance.
Additionally, barium sulfate is an integral component of X-ray imaging as a radio-contrast agent and various other diagnostic operations. Thus, the research and development activities in field of diagnostics are also expected to boost the global barium sulfate market. The rising prevalence of nanotechnology is also expected to work in favor of developing the market. Along with these developments, rising consumption of barium sulfate across different industries such as steel and automotive in North America is also expected to fuel the growth of the market.
The global demand for barium sulfate is anticipated to grow phenomenally in the mentioned forecast period with substantial maturation of crucial areas such as coatings and paints, plastics, and paper. Large corporates are expected to tap the high potential markets in the emerging economies and generate huge revenues. End-user sectors such as plastics, paper, construction, paints and coatings, automotive, and medical and X-ray imaging are envisioned to raise the demand for barium sulfate in the coming years leading to overall development of the global barium sulfate market.
Geographically, the global barium sulfate market is expected to receive a comprehensive demand from the market in Asia Pacific region that is projected to witness an exponential growth. Countries in the Asia Pacific region such as Malaysia, India, China, Indonesia, and Thailand are projected to lend a significant hand in the development of the barium sulfate market. Moreover, other countries such as Qatar and Brazil are also expected to create a substantial demand. With Qatar and Brazil hosting large-scale events such as the Olympics and the FIFA World Cup, it is expected to raise a great demand from the barium sulfate market because of the requirement to construct world-class infrastructure.
Some of the key players in the global barium sulfate market are Sakai Chemical Industry Co. Ltd., Solvay Chemicals Inc., GFS Chemicals, and Jingyan Chem (H.K) Ltd., among others.
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