[210 Pages Report] The global barium carbonate market is currently valued at around US$ 701.2 Million. It is anticipated to grow at a CAGR of 4.8%, reaching US$ 1,118.2 Million by 2032. High demand for barium carbonate in the production of blocks, bricks, tiles, and other materials, which are heavily consumed in the construction industry, is expected to bolster market growth.
FMI forecasts the barium carbonate market to register a year-on-year growth of 3.9% in 2022. Increasing consumption of barium carbonate in different applications such as bricks and tiles, electroceramics, enamels, glazes, specialty glasses, and others is expected to raise its demand in the forecast period.
| Attribute | Details |
|---|---|
| Barium Carbonate Market Value (2021A) | US$ 674.5 Million |
| Market Value (2022E) | US$ 701.2 Million |
| Projected Market Size (2032F) | US$ 1,118.2 Million |
| Value CAGR (2022 to 2032) | 4.8% |
| Collective Value Share: Top 3 Countries (2022E) | 47.6% |
The latest research states that worldwide barium carbonate sales may contribute around 20-23% to the market valuation of its parent market, i.e., Barium.
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The barium carbonate demand grew at 2.8% CAGR between 2017 and 2021. The industry is expected to grow considerably during the forecast period (2022 to 2032). This is attributable to the widespread use of barium carbonate in diverse applications. Prior to the COVID-19 outbreak, the barium carbonate market grew rapidly due to high demand from various end users. However, during the pandemic outbreak, the market experienced sluggish growth.
The industry is expected to log a CAGR of 4.8% over the estimated period. Barium carbonate is an odorless, heavy, and white to cream or pale-yellow colored compound with the formula, BaCO3. Naturally, it is found in Witherite minerals, whereas commonly, it is manufactured synthetically. Usually, barium carbonate is available in granular, powder, and ultra-fine forms.
In recent years, there has been a surging interest in modern and cutting-edge designs for building unique and unusual structures. People are calling for groundbreaking home advancement plans because they want their structures to last long.
As a result, the construction and infrastructure development sectors are incorporating blocks of barium carbonate and tiles into their intended structures. These blocks provide the structures with the expected strength to withstand nature's most powerful forces, such as earthquakes, floods, and cyclones. The global barium carbonate market is growing, because of these benefits and the inclination toward fundamentally-planned structures.
Due to the sheer increase in infrastructure projects, the construction sector is projected to be the dominant segment. To prevent scumming, barium carbonate is used in tiles, bricks, and blocks. Since bricks and tiles are widely used in the construction sector, the consumption of barium carbonate can rise in tandem with construction activities. The construction segment is projected to reach about US$ 400.2 Million by the end of 2032.
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The toxic nature of barium and barium compounds such as barium carbonate may hinder the market in the forecast period. Barium and its compounds find multiple applications in different end-use sectors.
Naturally, barium occurs in groundwater & food and can be found in the form of barite (barium sulfate) & Witherite (barium carbonate). The toxicity of barium & barium compounds depends on their solubility in water. However, barium carbonate is insoluble in water and has some adverse effects on the human body.
BaCO3 is toxic to humans because it is soluble in their gastrointestinal tracts. Barium & its insoluble compounds are non-toxic. But, when exposed to gastrointestinal tracts, they are toxic, especially when there is perforation of the tracts or colon cancers and when barium penetrates the bloodstream.
Although barium carbonate is insoluble in water, it reacts with Hydrochloric acid in the stomach and produces barium chloride. Barium Chloride is water-soluble and releases barium ions, which are very toxic. Hypokalemia, muscle weakness, paralysis, abdominal pain, and vomiting are some of the ill effects that result from the ingestion of barium & its compounds. Barium poisoning is rare but can be life-threatening.
COVID-19 had a negative impact on the market in 2020. Given the possibility of a pandemic, construction activities were temporarily halted during the peak of COVID-19, when regional governments imposed lockdowns and travel restrictions.
Thus, the consumption of barium carbonate, which is used to manufacture construction materials & electronic components, decreased, resulting in a declining growth rate. Weakening demand, supply chain disruptions, reduced workforce, and the continued COVID situation sank not only manufacturing but also the entire economy.
The barium carbonate market also experienced a decline, as the majority of the production output was used at the industrial level. Industries were closed, resulting in lower demand.
However, the industry is expected to witness exponential growth owing to high demand from the electronics sector. BaCO3 is used in semiconductors, glasses, capacitors, and other materials. The market is expected to gain the same traction as it had, before the Covid-19 outbreak.
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Booming Construction Sector Creating Opportunities for Barium Carbonate Sales in India
Barium carbonate is one of the essential raw materials, which is used in the construction sector. In India, the construction sector holds the 2nd most important place in terms of industrial growth and contribution to the GDP. The sector includes mainly industrial, residential, & real estate. The expanding construction sector in India will favor the barium carbonate market, as it is extensively utilized in construction.
A rising number of infrastructural projects in India and investments in building & construction are reported to bolster the demand for barium carbonate. As the Govt. is taking initiatives & announcing new projects at different time intervals, the barium carbonate market can grow at a faster pace.
As the industry grows, ample opportunities will see the light of day. The Indian Barium Carbonate market is anticipated to expand at a CAGR of 5.3% during the forecast period.
Demand in Construction Sector to Push Barium Carbonate Sales in China
East Asia is expected to emerge as the largest and fastest-growing barium carbonate market. Barium carbonate consumption in construction and renovation activities will drive the region. China could dominate the region over the forecast period. Rapid growth in the construction and electronics sectors is driving the sales of China, and thereby, East Asia.
The consumption of barium carbonate in electronic components is predicted to propel market demand. Barium titanate, which is produced by barium carbonate and used in laptops, desktops, medical devices, and data center devices, is expected to boost the market demand. The Chinese Barium Carbonate market is slated to attain about US$ 270.7 Million by the end of 2032.
Rapid Urbanization Will Propel the Adoption Of Barium Carbonate in Bricks & Tiles Applications
The increasing use of barium carbonate in the production of blocks, bricks, and tiles is predicted to drive the market. The blocks and tiles segment accounts for a sizeable chunk of the barium carbonate market. Alteration of clay tiles for metal components, marble floors, and other home improvement items is required to aid the market in the coming years.
Expanding the use of barium carbonate in blocks, bricks, and tiles to prevent scrimmaging is expected to boost barium carbonate demand. Aside from that, the market is propelled by rapid urbanization and rising consumer spending power, especially in developing countries.
This has increased the demand for high-quality decorative items, such as glass paintings, vases, and ceramic miniatures. The bricks & tiles segment is expected to expand at a CAGR of 5.3% during the forecast period.
Growth of Electronic Ceramics Can Boost the Market Sales
Ceramics are among the end-use sectors that make extensive use of barium carbonate. Barium carbonate generates classic barium crystal mattes. It is a significant and primary source of barium oxide, which is used in glazes. It acts as a flux in glazes and contributes to the production of a matte finish.
Barium carbonate is used to manufacture other chemicals. These chemicals go into different end-use industries, such as ceramics, electronics, and others. For that purpose, a certain diameter of barium carbonate particle is required. These electronic ceramics are used in electronic components, for instance, transmitters, electrical condensers, and others.
The demand for electronic ceramics is growing along with the rapid development of the electronics sector. As barium carbonate is an essential raw material in electronic ceramics, its demand is constantly increasing. Both segments are collectively expected to hold 46% of the total market shares in 2022.
Key market participants are fortifying their positions by expanding their production capacities. Some key players, on the other hand, have acquired other players to broaden their reach. This will aid in the expansion of their product portfolio and global footprint.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Segments Covered | Product Form, Application, End-Use Industry & Region |
| Key Companies Profiled | Sakai Chemical Industry Co., Ltd.; Shaanxi Ankang Jianghua Group Co., Ltd; Chemical Products Corporation; Honeywell International Inc.; Nippon Chemical Industrial Co., Ltd; Ag Chemi Group; Kandelium; Hubei Jingshan Chutian Barium Salt Corporation Ltd.; Hebei Xinji Chemical Group Co. Ltd.; Zaozhuang Yongli Chemicals Co., Ltd; Guizhou Red Star Development Import And Export Co. Ltd. |
| Report Coverage |
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Barium Carbonate market is anticipated to reach a valuation of US$701.2 Million in 2022.
The global Barium Carbonate market is anticipated to witness a growth rate of 4.8% over the forecast period of 2022 and 2032 in terms of value.
The global Barium Carbonate market witnessed a growth of 2.8% CAGR between 2017 and 2021.
Sakai Chemical Industry Co., Ltd., Shaanxi Ankang Jianghua Group Co., Ltd, Chemical Products Corporation, Honeywell International Inc., Nippon Chemical Industrial Co., Ltd, Ag Chemi Group, Hubei Jingshan Chutian Barium Salt Corporation Ltd., Hebei Xinji Chemical Group Co. Ltd., Kandelium, Zaozhuang Yongli Chemicals Co., Ltd, And Others are the key players in the Global Barium Carbonate market.
Key players in the global Barium Carbonate market are expected to hold around 60-65% of the global market share.
The top countries driving the global barium carbonate demand are China, USA, and India.
1. Executive Summary | Barium Carbonate Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product Innovation & Diversification 4.3. Marketing and Brand Management 4.4. Supply Chain Management 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 5.1. Historical Market Volume (Tons) Analysis, 2017 to 2021 5.2. Current and Future Market Volume (Tons) Projections, 2022 to 2032 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis 6.2. Pricing Analysis by Regions 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.2. Forecast Factors - Relevance & Impact 8.3. Supply-Demand Analysis 8.4. Value Chain 8.5. Market Dynamics 8.6. Impact of COVID-19 Crisis 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Form 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Form, 2017 to 2021 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Form, 2022 to 2032 9.3.1. Granular 9.3.2. Powder 9.3.3. Ultra Fine 9.4. Market Attractiveness Analyses, By Product Form 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2017 to 2021 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2022 to 2032 10.3.1. Bricks & Tiles 10.3.2. Specialty Glass 10.3.3. Glazes 10.3.4. Enamel 10.3.5. Electro Ceramic 10.3.6. Others 10.4. Market Attractiveness Analysis By Application 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End-Use Industry 11.1. Introduction 11.2. Historical Market Size (US$ Million) and Volume Analysis By End Use Industry, 2017 to 2021 11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By End Use Industry, 2022 to 2032 11.3.1. Construction 11.3.2. Ceramics 11.3.3. Oil & Gas 11.3.4. Electronics 11.3.5. Others 11.4. Market Attractiveness Analysis By End Use Industry 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021 12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia & Pacific 12.3.6. Middle East & Africa 12.4. Market Attractiveness Analysis By Region 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 13.4.1. By Product Form 13.4.2. By Application 13.4.3. By End Use Industry 13.4.4. By Country 13.4.4.1. United States of America 13.4.4.2. Canada 13.5. Market Attractiveness Analysis 13.5.1. By Product Form 13.5.2. By Application 13.5.3. By End Use Industry 13.5.4. By Country 13.6. Market Trends 13.7. Drivers and Restraints Impact Analysis 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 14.4.1. By Product Form 14.4.2. By Application 14.4.3. By End Use Industry 14.4.4. By Country 14.4.4.1. Brazil 14.4.4.2. Mexico 14.4.4.3. Rest of Latin America 14.5. Market Attractiveness Analysis 14.5.1. By Product Form 14.5.2. By Application 14.5.3. By End Use Industry 14.5.4. By Country 14.6. Market Trends 14.7. Drivers and Restraints Impact Analysis 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 15.4.1. By Product Form 15.4.2. By Application 15.4.3. By End Use Industry 15.4.4. By Country 15.4.4.1. Germany 15.4.4.2. Italy 15.4.4.3. France 15.4.4.4. United Kingdom 15.4.4.5. Spain 15.4.4.6. BENELUX 15.4.4.7. Russia 15.4.4.8. Rest of Europe 15.5. Market Attractiveness Analysis 15.5.1. By Product Form 15.5.2. By Application 15.5.3. By End Use Industry 15.5.4. By Country 15.6. Market Trends 15.7. Drivers and Restraints Impact Analysis 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 16.4.1. By Product Form 16.4.2. By Application 16.4.3. By End Use Industry 16.4.4. By Country 16.4.4.1. China 16.4.4.2. Japan 16.4.4.3. South Korea 16.5. Market Attractiveness Analysis 16.5.1. By Product Form 16.5.2. By Application 16.5.3. By End Use Industry 16.5.4. By Country 16.6. Market Trends 16.7. Drivers and Restraints Impact Analysis 17. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 17.4.1. By Product Form 17.4.2. By Application 17.4.3. By End Use Industry 17.4.4. By Country 17.4.4.1. India 17.4.4.2. ASEAN 17.4.4.3. Australia and New Zealand 17.4.4.4. Rest of South Asia & Pacific 17.5. Market Attractiveness Analysis 17.5.1. By Product Form 17.5.2. By Application 17.5.3. By End Use Industry 17.5.4. By Country 17.6. Market Trends 17.7. Drivers and Restraints Impact Analysis 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 18.4.1. By Product Form 18.4.2. By Application 18.4.3. By End Use Industry 18.4.4. By Country 18.4.4.1. GCC Countries 18.4.4.2. Turkey 18.4.4.3. South Africa 18.4.4.4. Rest of Middle East and Africa 18.5. Market Attractiveness Analysis 18.5.1. By Product Form 18.5.2. By Application 18.5.3. By End Use Industry 18.5.4. By Country 18.6. Market Trends 18.7. Drivers and Restraints Impact Analysis 19. Key and Emerging Countries Market Analysis 19.1. USA Market Analysis 19.1.1. By Product Form 19.1.2. By Application 19.1.3. By End Use Industry 19.2. Canada Market Analysis 19.2.1. By Product Form 19.2.2. By Application 19.2.3. By End Use Industry 19.3. Mexico Market Analysis 19.3.1. By Product Form 19.3.2. By Application 19.3.3. By End Use Industry 19.4. Brazil Market Analysis 19.4.1. By Product Form 19.4.2. By Application 19.4.3. By End Use Industry 19.5. Germany Market Analysis 19.5.1. By Product Form 19.5.2. By Application 19.5.3. By End Use Industry 19.6. Italy Market Analysis 19.6.1. By Product Form 19.6.2. By Application 19.6.3. By End Use Industry 19.7. France Market Analysis 19.7.1. By Product Form 19.7.2. By Application 19.7.3. By End Use Industry 19.8. UK Market Analysis 19.8.1. By Product Form 19.8.2. By Application 19.8.3. By End Use Industry 19.9. Spain Market Analysis 19.9.1. By Product Form 19.9.2. By Application 19.9.3. By End Use Industry 19.10. Russia Market Analysis 19.10.1. By Product Form 19.10.2. By Application 19.10.3. By End Use Industry 19.11. BENELUX Market Analysis 19.11.1. By Product Form 19.11.2. By Application 19.11.3. By End Use Industry 19.12. China Market Analysis 19.12.1. By Product Form 19.12.2. By Application 19.12.3. By End Use Industry 19.13. Japan Market Analysis 19.13.1. By Product Form 19.13.2. By Application 19.13.3. By End Use Industry 19.14. S. Korea Market Analysis 19.14.1. By Product Form 19.14.2. By Application 19.14.3. By End Use Industry 19.15. India Market Analysis 19.15.1. By Product Form 19.15.2. By Application 19.15.3. By End Use Industry 19.16. ASEAN Market Analysis 19.16.1. By Product Form 19.16.2. By Application 19.16.3. By End Use Industry 19.17. GCC Countries Market Analysis 19.17.1. By Product Form 19.17.2. By Application 19.17.3. By End Use Industry 19.18. Turkey Market Analysis 19.18.1. By Product Form 19.18.2. By Application 19.18.3. By End Use Industry 19.19. South Africa Market Analysis 19.19.1. By Product Form 19.19.2. By Application 19.19.3. By End Use Industry 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies [Barium Carbonate] 20.2. Market Concentration 20.3. Market Share Analysis of Top Players 20.4. Production Capacity Estimates of Top Players 20.5. Market Presence Analysis 21. Competition Analysis 21.1. Competition Dashboard 21.2. Primary Survey Analysis 21.3. Competition Deep Dive 21.3.1. SAKAI Chemical Industry Co., Ltd 21.3.1.1. Overview 21.3.1.2. Product Portfolio 21.3.1.3. Key Financials 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.2. SHAANXI ANKANG JIANGHUA GROUP CO., LTD 21.3.2.1. Overview 21.3.2.2. Product Portfolio 21.3.2.3. Key Financials 21.3.2.4. Sales Footprint 21.3.2.5. Strategy Overview 21.3.3. Chemical Products Corporation 21.3.3.1. Overview 21.3.3.2. Product Portfolio 21.3.3.3. Key Financials 21.3.3.4. Sales Footprint 21.3.3.5. Strategy Overview 21.3.4. Kandelium 21.3.4.1. Overview 21.3.4.2. Product Portfolio 21.3.4.3. Key Financials 21.3.4.4. Sales Footprint 21.3.4.5. Strategy Overview 21.3.5. Honeywell International Inc. 21.3.5.1. Overview 21.3.5.2. Product Portfolio 21.3.5.3. Key Financials 21.3.5.4. Sales Footprint 21.3.5.5. Strategy Overview 21.3.6. Nippon Chemical Industrial 21.3.6.1. Overview 21.3.6.2. Product Portfolio 21.3.6.3. Key Financials 21.3.6.4. Sales Footprint 21.3.6.5. Strategy Overview 21.3.7. AG Chemi Group 21.3.7.1. Overview 21.3.7.2. Product Portfolio 21.3.7.3. Key Financials 21.3.7.4. Sales Footprint 21.3.7.5. Strategy Overview 21.3.8. Hubei Jingshan Chutian Barium Salt Corporation Ltd. 21.3.8.1. Overview 21.3.8.2. Product Portfolio 21.3.8.3. Key Financials 21.3.8.4. Sales Footprint 21.3.8.5. Strategy Overview 21.3.9. Guizhou Red Star Development Import and Export Co. Ltd. 21.3.9.1. Overview 21.3.9.2. Product Portfolio 21.3.9.3. Key Financials 21.3.9.4. Sales Footprint 21.3.9.5. Strategy Overview 21.3.10. Hebei Xinji Chemical Group Co. Ltd. 21.3.10.1. Overview 21.3.10.2. Product Portfolio 21.3.10.3. Key Financials 21.3.10.4. Sales Footprint 21.3.10.5. Strategy Overview 21.3.11. Zaozhuang Yongli Chemical Co., Ltd 21.3.11.1. Overview 21.3.11.2. Product Portfolio 21.3.11.3. Key Financials 21.3.11.4. Sales Footprint 21.3.11.5. Strategy Overview 22. Assumptions and Acronyms Used 23. Research Methodology
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Barium Carbonate Market
