What is Global Barium Sulphate Precipitated Market?
The Global Barium Sulphate Precipitated Market is a significant segment of the chemical industry that has been gaining considerable attention in recent years. Barium Sulphate Precipitated is a type of barium salt that is widely used in various industries due to its unique properties such as high density, low oil absorption, and excellent light scattering ability. The market for this product is driven by its extensive use in a range of applications including paints and coatings, plastics, rubber, paper, and inks among others. The global market was valued at US$ 385.3 million in 2022 and is projected to reach a value of US$ 428.2 million by 2029, growing at a steady CAGR of 1.5% during the forecast period of 2023-2029. The market is dominated by key players such as Huntsman, Jiaxin Chemical, Solvay, and Fuhua Chemical, which collectively hold about 35% of the global market share.
Sulphuric Acid Method, Sodium Sulphate Method, Other in the Global Barium Sulphate Precipitated Market:
The Global Barium Sulphate Precipitated Market is segmented based on the method of production into Sulphuric Acid Method, Sodium Sulphate Method, and Others. The Sulphuric Acid Method involves the reaction of barium sulphate with sulphuric acid to produce barium sulphate precipitated. This method is widely used due to its cost-effectiveness and high yield. The Sodium Sulphate Method involves the reaction of sodium sulphate with barium chloride to produce barium sulphate precipitated. This method is less commonly used due to its higher cost and lower yield. Other methods of production include the reaction of barium carbonate with sulphuric acid or the reaction of barium hydroxide with sulphuric acid. These methods are used in specific applications where the properties of the resulting barium sulphate precipitated are of particular importance.
Powder coatings, Rubber, Plastic, Inks, Paper, Other in the Global Barium Sulphate Precipitated Market:
The Global Barium Sulphate Precipitated Market finds extensive usage in various areas such as Powder Coatings, Rubber, Plastic, Inks, Paper, and Others. In Powder Coatings, barium sulphate precipitated is used as a filler to improve the hardness, weather resistance, and gloss of the coating. In Rubber, it is used to increase the density and hardness of the rubber, making it more durable and resistant to wear and tear. In Plastic, it is used to enhance the physical properties of the plastic such as its strength, durability, and resistance to heat and chemicals. In Inks, it is used to improve the brightness and color strength of the ink. In Paper, it is used to increase the opacity and brightness of the paper. Other applications of barium sulphate precipitated include its use in ceramics, glass, textiles, and pharmaceuticals among others.
Global Barium Sulphate Precipitated Market Outlook:
The future outlook for the Global Barium Sulphate Precipitated Market is promising, with the market expected to grow at a steady CAGR of 1.5% during the forecast period of 2023-2029. The market was valued at US$ 385.3 million in 2022 and is projected to reach a value of US$ 428.2 million by 2029. The market is dominated by key players such as Huntsman, Jiaxin Chemical, Solvay, and Fuhua Chemical, which collectively hold about 35% of the global market share. These companies have been instrumental in driving the growth of the market through their innovative products and strategic market initiatives.
| Report Metric | Details |
| Report Name | Barium Sulphate Precipitated Market |
| Accounted market size in 2023 | US$ 385.3 million |
| Forecasted market size in 2030 | US$ 428.2 million |
| CAGR | 1.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Huntsman, Jiaxin Chemical, Solvay, Fuhua Chemical, NaFine, Chemiplastica, Lianzhuang Investment, Xinji Chemical, Sakai Chemical, Redstar, Onmillion Nano Material, LaiKe, Hongkai Chemical, Hechuang New Material, Nippon Chemical Industry, Xin Chemical, Chongqing Shuangqing |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
