Published On : 09 Aug 2017
QYResearchReports.com has added a new research report to its database on the on the chemicals industry. “Global Precipitated Barium Sulfate Market by Manufacturers, Regions, Type and Application, Forecast to 2021,” has been compiled for readers to gain a wider and clearer understanding of the precipitated barium sulfate and the factors that are driving or restraining its demand. With the help of this upgraded information on the global precipitated barium sulfate market, players and/or investors can articulate progressively successful business strategies over the coming years.
According to the report, the precipitated barium sulfate market is expected to expand at steady CAGR of 1.94% within the given forecast period from 2016 to 2022. The market is expected to reach US$351.38 mn by the end of 2021, prediction based on the swift rate of growth and development in the battery industry. The growing use of electric batteries in commercial cars, both electric and hybrid vehicles, along with the increasing demand from SMEs from emerging economies is expected to continue driving the market over the coming years.
Precipitated barium Sulfate acts as a functional filler and is widely used in surface coating materials as a pigment extender, as well for other applications in the industries of glass and rubber manufacture. Barium Sulfate holds a low absorption threshold for oil and is a superfine material. This enables the use of barium sulfate in insulation and the prevention of flocculation and agglomeration, thereby being advantageous to the overall paints and coatings industry due to the resultant enhancement of efficiency of pigmentation.
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Barium sulfate is an inorganic compound, a white crystalline solid that is insoluble in water and is odorless. It occurs as barite which is the key commercial source of barium and materials prepared from it. The white opaque appearance and its high density are exploited in its main applications.
From a regional perspective, the report states that China is expected to lead the global precipitated barium sulfate market while expanding at a leading regional CAGR for the given forecast period. China is expected to one of the leading consumers of the barium sulfate over the coming years, thanks to the industrial growth rate of the nation, complemented by the growing rate of civil constructions, consequently creating a positive demand scale for the Asia Pacific region. The growing automobile industry in Asia Pacific is expected to boost the overall demand for paints and coating which in turn is expected to drive the growth of the barium Sulfate market in this region. The report also focuses on the regions of North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The leading players in the global precipitated barium sulfate market to date, as mentioned in the report, have included Cimbar, Huntsman, Solvay, Barium & Chemicals, Jiaxin Chem, Sakai Chem, Fuhua Chem, NaFine, Xinji Chemical, Nippon Chemical Industry, Lianzhuang Technology, Onmillion Nano Material, and Redstar.
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