Demand from APAC to Boost the Global Barium Carbonate Market| Technavio

LONDON–(BUSINESS WIRE)–#Metals–The global
barium carbonate market is expected to grow at a CAGR of more than
4% from 2017-2021, according to a new market research report by
Technavio.

Global barium carbonate market segmentation by application and
geography

Technavio’s report on the global barium carbonate market analyses the
business dimensions and presents a comprehensive breakdown in terms of
market segmentation by application, which includes ceramic glass; tiles,
bricks, and clay; and barium ferrite. The ceramic glass segment
dominated the market in 2016 with more than 282 metric tons.

Based on geography, the global
barium carbonate market has been segmented into APAC, the Americas,
and EMEA. In 2016, APAC accounted for the highest market share due to
various factors such as rising population, increasing disposable income,
and growing construction industry that are driving the market in the
region.

“The construction and real estate industries have witnessed
significant growth in China and India. The rising preference for luxury
living has increased the demand for ceramic tiles, which has fueled the
demand for barium carbonate. Inexpensive labor and easy availability of
raw materials have led companies that specialize in ceramic tiles and
glass to set up their manufacturing plants in countries such as China
and India,” says Mohd Shakeel Iqbal, a lead analyst at Technavio for metals
and minerals research.

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Barium carbonate market: competitive vendor landscape

The global
barium carbonate market is characterized by the presence of numerous
vendors. Simple manufacturing process and availability of inexpensive
raw materials have led to the emergence of small players and start-ups
in this market. Increasing number of applications involving barium
carbonate will attract new vendors during the forecast period. Hengyang
Wanfeng Chemical, Honeywell International, SAKAI CHEMICAL INDUSTRY,
Shaanxi Ankang Jiang Hua Group, and Solvay are the key vendors in the
market.

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Other topics covered in the report:

Market drivers:

• Rising demand for barium carbonate from glass industry
• High consumption of barium carbonate in construction industry

Market challenges:

• Stringent anti-dumping policies
• Threat from substitute products

Market trends:

• Increasing use of barium carbonate in radiation shielding
• Rising use of barium carbonate in ceramic tiles

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barium carbonate market report free of cost

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