Barium Sulfate Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#bariumsulfate–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Barium
Sulfate Market Procurement Research Report.’ The insights and
data in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of barium sulfate and acts as an all-inclusive guide for
making smart purchasing decisions.

“The global demand for barium sulfate is expected to increase
primarily due to increasing E&P activities by oil and gas companies
which in turn is attributed to the recovery of oil prices across the
world,” says SpendEdge procurement analyst Anil Seth. “The barium
sulfate market is expected to grow in countries such as APAC owing to
their improving economic conditions and rising disposable income for the
majority of their population,” added Anil.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Barium
Sulfate Market:

• Increase in exploration and mining activities
• Growing use of barium sulfate in medical applications
• Rising demand for precipitated barium sulfate

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Increase in exploration and mining activities:

Globally, barium sulfate with 4.2-specific gravity was used extensively
in the oil and gas industry. However, with the announcement of the new
grade, exploration and expansion of barium sulfate resources have
increased to obtain the product conforming to the alternative
specification. This has also resulted in an increase in mining
activities at old mines for obtaining barium sulfate of the alternative
grade. Moreover, the rise in exploration and mining activities will help
in increasing the availability of barium sulfate, which will likely lead
to a reduction in prices.

Growing use of barium sulfate in medical applications:

Barium sulfate’s ability to block X-rays and gamma-ray emissions have
made it an essential component in medical-grade polymers to block
radiations. It is extensively used as aggregate in high-density concrete
for radiation shielding around X-ray units in hospitals. Also, the
vendors prefer using barium sulfate in medical-grade polymers as it is
inexpensive and non-toxic, making it highly suitable for medical
purposes.

Rising demand for precipitated barium sulfate:

Globally, there is a growing demand for precipitated barium sulfate
owing to its use in various components such as adhesives, industrial
paints, coatings, sealants, enamels, and plastics. The properties of
barium sulfate including its capability to absorb low oil, high burning
point, and non-toxic nature make it an ideal component to be used in
paint coatings and plastics. Moreover, it is cost-effective and helps in
reducing the production costs for buyers.

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professionals make informed decisions. These innovative procurement
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Anirban Choudhury
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