Market Scenario:
Barium is a highly reactive
chemical element which is never found in its free form in the environment. Some
barium derivatives can be easily synthesized on pilot or industrial scale,
while some of them are naturally occurring, namely barium sulfate (barite) and
barium carbonate (witherite). Almost all barium derivatives are odorless,
colorless and are found in crystal or granular form. Barite is a major source
of barium derivatives such as barium chloride and many others.
Barite deposits are found majorly
in North America and Asia Pacific. Applications of barium derivatives can be
found in various sectors, including construction, metal alloys, mining,
explosives, water treatment, and others. In construction they are used to make
tiles, ceramic glaze, home decorative products and cement. Moreover, glass can
be made out of the barium derivative namely barium carbonate. Barium
derivatives are combined with steel and aluminum to form their alloys, which in
turn used in automotive and other metal industries to make light and durable
metals. Some of them are used in grenades, explosives and firecrackers. Barium
derivatives also find their application in making drilling fluid to be utilized
in mining. Increasing construction activities and growth of automotive industry
are expected to be the drivers of growth in global barium derivative market.
There is an exponential demand of
barium derivatives in building & construction industry. The growth of
market is particularly driven by demand for making tiles and ceramic glaze.
Paints & varnishes is an integral part of construction industry, which is
also expected to push the demand in this industry. In addition, automotive
industry is flourishing from past few years, where the use of alloys is
indispensable. Apart from automotive, demand of alloys for various other
industrial purposes would propel the demand of barium derivatives further.
Globally, the scarcity of rare earth metals and other minerals necessitates
exploration and mining activities, which may witness the demand for drilling
fluids. China, India, U.S., Russia, and North Korea are expanding their
military might and increasing the size of their arsenal. The growing trend of
demonstration of military power by these countries may witness the rise of
barium derivatives demand for making explosives. Established government
policies in developed countries to mitigate water pollution can further fuel
the global barium derivative market. Despite the steady growth drivers, global
market is likely to be hampered by some key restraints, which includes
increasing investment in R&D to develop new ecofriendly products.
International and national organizations namely World Health Organization
(WHO), US Environmental Protection Agency (EPA), and UK Health and Safety
Executive (HSE) are spreading the awareness regarding negative impacts of
barium derivatives on vital human organs. Moreover, high reactivity rate of
barium limits its use under normal circumstances. However, development of
barium nanoparticles is expected to present new opportunities to industry
players in coming years.
Global Key Players:
·
Solvay
·
Zigong
Gold Way International Ltd.
·
Alpha
Chemika
·
American
Elements
·
Shanghai
Yixin Chemical Co., Ltd.
·
Rahul
Barium Chemicals Pvt. Ltd.
·
Santa
Cruz Biotechnology
·
Sigma-Aldrich
Co. LLC.
·
Divjyot
Chemicals Private Limited
·
Oasis
Fine Chem
Market Segmentation:
The global barium derivative
market has been segmented on the basis of type, application and region. Based
on types global barium derivative market is divided into barium carbonate,
barium sulfate, barium chloride, barium nitrate, and others. Among them the
growth of barium derivatives is majorly driven by barium carbonate owing to its
demand by growing building & construction industry. On the basis of
applications, global barium derivative market is segmented into construction, metal
alloys, mining, explosives, water treatment, and others, wherein the
application of barium derivatives is expected to witness surge in demand from
construction along with metal alloys in automotive sector. Geographically,
global barium derivative market is divided into Asia Pacific, North America,
Europe, Latin America, and Middle East & Africa. During the forecast period
Asia Pacific is estimated to be the leading region in the global barium
derivatives market.
Intended Audience:
- Barium derivative manufacturers
- Traders and distributors of barium derivative
- Research and development institutes
- Potential investors
- Raw material suppliers
- National laboratory
Regional Analysis:
Asia Pacific, North America, and
Europe are the major regions in global barium derivative market. Asia Pacific
accounts for more than 50% of market share as of 2016. The increasing use of
barium derivative in the region is attributed to growing building &
construction activities. India and China holding the major share of market in
this region. Demand of ceramic glaze and metal alloys in China is the main
driver of barium derivative market growth. Moreover, industrialization in the
region is poised to reach new heights in terms of CAGR in coming years. North
America ranks second in terms of global market share of barium derivatives.
Strengthening of automobile industry is the main driver of barium derivatives
demand in this region. Furthermore, large military spending by U.S. for arsenal
development is anticipated to boost demand of barium derivative. Europe
is another substantial market for barium derivatives. The industries in this
market uses most of the barium derivative in automotive parts. Strict
regulatory measures by the governments of various countries namely U.K.,
Germany, and Belgium have mandated the chemical industries to treat their
effluent before discharge. Lastly, other regions such as, Middle East
& Africa, and Latin America are holding a relatively smaller share in the
global barium derivative market. Nevertheless, with steadily rising industrialization
in these regions, it is projected that they may acquire significant share in
global barium derivative market in coming years.
To
Browse a Complete Report with TOC Visit @ https://www.marketresearchfuture.com/reports/barium-derivatives-market-4078
No comments:
Post a Comment