is an inorganic compound that is odorless and insoluble in water. It exists as a white crystalline solid at room temperature. Barite is an essential source of barium sulphate. The high density, white opaque appearance and other exceptional properties make barium sulphate an essential component for applications in various end-user industries. This market report is classified on the basis of various parameters. This report contains market segments on the basis of manufacturing process, usage, end-user industries and geography. The barium nitrate market is classified on the basis of their usage into
- Drilling Fluids
- Paper Brightener
- Plastics Filler
- Radio-contrast Agent
The key factor for the growth of this market is the growing demand for barium sulphate by chemical, automobiles and construction industries.
North America holds a major share in the barium sulphate market
. The rising demand for automobile and steel industry is anticipated to boost the consumption of barium sulphate in North America. APAC is expected to witness the highest growth in the coming years owing to the expanding chemical industries and constructions in China, Japan and India. The market revenue is estimated from various chemical companies and manufacturers. The market is set to witness a linear growth during the forecast period owing to the increasing applications in the widespread end-user industries. Sample Companies Profiled in this Report are:
- Nippon Chemical Industrial Co., Ltd.
- Solvay Fluorides, LLC
- Shanghai Ronger Chemicals Co., Ltd.
- The Cary Company
The estimates and forecasts have been derived based on various inputs from primary and secondary sources. Secondary sources such as articles, whitepapers and journals have aided in delivering an extensive analysis in this report. Insights related to various regulatory frameworks and consumer studies have been collected from companies related to barium sulphate manufacturers and chemical companies. To enhance the accuracy of the estimates, the data has been validated by conducting interviews with industry experts. This report on the barium sulphate market identifies many such insights, market share analysis and M&A opportunities, besides providing a detailed analysis of the key players, distributors and growth rate of the market.