Global Barium Market Outlook to 2026

SKU ID : BQ- 18359737

Publishing Date : 07-Dec-2020

No. of pages : 0

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  • Barium, a soft silvery alkaline earth metal, reacts readily with air, forming many derivatives, which is why it isn’t found in its native metal form. Being denser than lead, this metal is often found in sediments and common in vein fillings of limestone and dolostone. Baryte and Witherite are the two common minerals of barium. Barium-impregnated food materials of various consistencies are employed to treat dysphagia patients with head and neck cancer. Barium Enema X-Ray test is used to diagnose gastrointestinal abnormalities. These two applications are the trending opportunities for the barium market’s growth in the near future.

    According to Researcher, the global barium market is expected to witness growth at a considerable rate during the forecast period. The major factor responsible for the global barium market's growth would be the increasing demand for barium compounds in glassmaking and several other practical applications. The demand for a variety of glass products in construction, packaging, and electronics is rising day by day. The application of barium compounds in making paints and coatings is another major driver for this market's global growth. Besides, barium compounds also have niche applications in high-temperature superconductors, electroceramics, carbon grain microstructure reduction, the green color of fireworks, rodenticides, etc. Barium compounds used in television screens perform the role of shielding humans from X-rays emitted. They are excellent radiocontrast agents as well. Apart from these, barium compounds' applications are expanding, which influences the barium market globally. However, stringent government policies and regulations, Mining restrictions, depletion of resources, along with barium products’ reactive nature and toxicity, restrain the global barium market’s growth.

    Asia-Pacific dominated the global barium market due to the presence of a large number of end-user industries here. China is the global leader in barium compound production. The growing construction sector and the oil & gas industry is the reason for this region’s dominance. Consumption of barium in developing economies is increasing, and the Asia-Pacific region has tremendous scope and numerous explorations left for the market.

    The global barium market is fragmented.

    Major players

    in the market were found to be Solvay, Honeywell International, Nippon Chemical Industrial, and Merck KGaA, among others.

    Upon Scotto Partners’ advice, Solvay has mutually agreed to sell Latour Capital its technical-grade barium and strontium business in Germany, Spain, and Mexico and its sodium percarbonate business in Germany. The transaction completion remains subject to customary conditions and is expected to occur in the first half of 2021. It is to be noted that Cleary Gottlieb advised Latour Capital. This November 2020 decision may affect the global barium market as this trade could alter Solvay’s global position in barium compound manufacturing, with it being among the current leaders.

    According to a decision taken in October 2020, post-COVID infliction, Japan’s inorganic chemicals industry pioneer, Nippon Chemical Industrial (NCI), will continue stabilizing the supply of specialty chemical materials by investing in a new production facility focused on producing barium titanate, the dielectric material used in multilayer ceramic capacitors. The capacitors are indispensable in next-generation smart electronics such as hi-tech vehicles with advanced driver assistance systems, 5G base stations, and the internet of things (IoT).

    Global Barium Market report provides deep insights into the current and future state of the barium market across various regions. The study comprehensively analyzes the barium market by segmenting based on type (Metal, Compounds (Barium Sulfate, Barium Chloride, Barium Nitrate, Barium Titanate, Barium Oxide, Barium Carbonate), and Others), application (Construction, Metal Alloys, Paints and Coatings, Plastics and Rubbers, Mining, Electronics, and Others),and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market’s growth, in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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