The global barium carbonate market is currently valued at around USD 701.2 Million. It is anticipated to grow at a CAGR of 4.8%, reaching USD 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) | USD 674.5 Million |
Market Value (2022E) | USD 701.2 Million |
Projected Market Size (2032F) | USD 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.
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 USD 400.2 Million by the end of 2032.
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.
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 USD 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 |
Table 01: Global Volume (Tons) and Value (US$ Million) Forecast by Product Form, 2017 to 2032
Table 02: Global Volume (Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032
Table 03: Global Volume (Tons) and Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
Table 04: Global Market Size (US$ Million) and Volume (Tons) Forecast by Region, 2017 to 2032
Table 05: North America Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2017 to 2032
Table 06: North America Volume (Tons) and Value (US$ Million) Forecast by Product Form, 2017 to 2032
Table 07: North America Volume (Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032
Table 08: North America Volume (Tons) and Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
Table 09: Latin America Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2017 to 2032
Table 10: Latin America Volume (Tons) and Value (US$ Million) Forecast by Product Form, 2017 to 2032
Table 11: Latin America Volume (Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032
Table 12: Latin America Volume (Tons) and Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
Table 13: Europe Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2017 to 2032
Table 14: Europe Volume (Tons) and Value (US$ Million) Forecast by Product Form, 2017 to 2032
Table 15: Europe Volume (Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032
Table 16: Europe Volume (Tons) and Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
Table 17: East Asia Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2017 to 2032
Table 18: East Asia Volume (Tons) and Value (US$ Million) Forecast by Product Form, 2017 to 2032
Table 19: East Asia Volume (Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032
Table 20: East Asia Volume (Tons) and Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
Table 21: South Asia Pacific Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2017 to 2032
Table 22: SAP Volume (Tons) and Value (US$ Million) Forecast by Product Form, 2017 to 2032
Table 23: SAP Volume (Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032
Table 24: SAP Volume (Tons) and Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
Table 25: MEA Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2017 to 2032
Table 26: MEA Volume (Tons) and Value (US$ Million) Forecast by Product Form, 2017 to 2032
Table 27: MEA Volume (Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032
Table 28: MEA Volume (Tons) and Value (US$ Million) Forecast by End Use Industry, 2017 to 2032
Figure 01: Global Historical Market Volume (Tons) Analysis, 2017 to 2021
Figure 02: Global Current and Future Market Volume (Tons) Analysis, 2022 to 2032
Figure 03: Global Historical Value (US$ Million), 2017 to 2021
Figure 04: Global Value (US$ Million) Forecast, 2022 to 2032
Figure 05: Global Market Value 2022 to 2032 and Y-O-Y (US$ Million)
Figure 06: Global Market Share and BPS Analysis by Product Form, 2022 & 2032
Figure 07: Global Market Y-o-Y Growth by Product Form, 2022 to 2032
Figure 08: Global Market Attractiveness Analysis Product Form, 2022 to 2032
Figure 09: Global Market Absolute $ Opportunity by Granular Segment, 2017 to 2032
Figure 10: Global Market Absolute $ Opportunity by Powder Segment, 2017 to 2032
Figure 11: Global Market Absolute $ Opportunity by Ultra-Fine Segment, 2017 to 2032
Figure 12: Global Market Share and BPS Analysis by Application, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth by Application, 2022 to 2032
Figure 14: Global Market Attractiveness Analysis Application, 2022 to 2032
Figure 15: Global Market Absolute $ Opportunity by Bricks & Tiles Segment, 2017 to 2032
Figure 16: Global Market Absolute $ Opportunity by Specialty Glass Segment, 2017 to 2032
Figure 17: Global Market Absolute $ Opportunity by Glazes Segment, 2017 to 2032
Figure 18: Global Market Absolute $ Opportunity by Enamel Segment, 2017 to 2032
Figure 19: Global Market Absolute $ Opportunity by Electro Ceramic Segment, 2017 to 2032
Figure 20: Global Market Absolute $ Opportunity by Others Segment, 2017 to 2032
Figure 21: Global Market Share and BPS Analysis by End Use Industry, 2022 & 2032
Figure 22: Global Market Y-o-Y Growth by End Use Industry, 2022 to 2032
Figure 23: Global Market Attractiveness Analysis End Use Industry, 2022 to 2032
Figure 24: Global Market Absolute $ Opportunity by Construction Segment, 2017 to 2032
Figure 25: Global Market Absolute $ Opportunity by Ceramics Segment, 2017 to 2032
Figure 26: Global Market Absolute $ Opportunity by Oil & Gas Segment, 2017 to 2032
Figure 27: Global Market Absolute $ Opportunity by Electronics Segment, 2017 to 2032
Figure 28: Global Market Absolute $ Opportunity by Others Segment, 2017 to 2032
Figure 29: Global Market Share and BPS Analysis by Region, 2022 & 2032
Figure 30: Global Market Y-o-Y Growth by Region, 2022 to 2032
Figure 31: Global Market Attractiveness Analysis Region, 2022 to 2032
Figure 32: Global Market Absolute $ Opportunity by North America Segment, 2017 to 2032
Figure 33: Global Market Absolute $ Opportunity by Latin America Segment, 2017 to 2032
Figure 34: Global Market Absolute $ Opportunity by Europe Segment, 2017 to 2032
Figure 35: Global Market Absolute $ Opportunity by East Asia Segment, 2017 to 2032
Figure 36: Global Market Absolute $ Opportunity by South Asia Pacific Segment, 2017 to 2032
Figure 37: Global Market Absolute $ Opportunity by MEA Segment, 2017 to 2032
Figure 38: North America Market Share and BPS Analysis by Country, 2022 & 2032
Figure 39: North America Market Y-o-Y Growth by Country, 2022 to 2032
Figure 40: North America Market Attractiveness Analysis Country, 2022 to 2032
Figure 41: North America Market Share and BPS Analysis by Product Form, 2022 & 2032
Figure 42: North America Market Y-o-Y Growth by Product Form, 2022 to 2032
Figure 43: North America Market Attractiveness Analysis Product Form, 2022 to 2032
Figure 44: North America Market Share and BPS Analysis by Application, 2022 & 2032
Figure 45: North America Market Y-o-Y Growth by Application, 2022 to 2032
Figure 46: North America Market Attractiveness Analysis Application, 2022 to 2032
Figure 47: North America Market Share and BPS Analysis by End Use Industry, 2022 & 2032
Figure 48: North America Market Y-o-Y Growth by End Use Industry, 2022 to 2032
Figure 49: North America Market Attractiveness Analysis End Use Industry, 2022 to 2032
Figure 50: Latin America Market Share and BPS Analysis by Country, 2022 & 2032
Figure 51: Latin America Market Y-o-Y Growth by Country, 2022 to 2032
Figure 52: Latin America Market Attractiveness Analysis Country, 2022 to 2032
Figure 53: Latin America Market Share and BPS Analysis by Product Form, 2022 & 2032
Figure 54: Latin America Market Y-o-Y Growth by Product Form, 2022 to 2032
Figure 55: Latin America Market Attractiveness Analysis Product Form, 2022 to 2032
Figure 56: Latin America Market Share and BPS Analysis by Application, 2022 & 2032
Figure 57: Latin America Market Y-o-Y Growth by Application, 2022 to 2032
Figure 58: Latin America Market Attractiveness Analysis Application, 2022 to 2032
Figure 59: Latin America Market Share and BPS Analysis by End Use Industry, 2022 & 2032
Figure 60: Latin America Market Y-o-Y Growth by End Use Industry, 2022 to 2032
Figure 61: Latin America Market Attractiveness Analysis End Use Industry, 2022 to 2032
Figure 62: Europe Market Share and BPS Analysis by Country, 2022 & 2032
Figure 63: Europe Market Y-o-Y Growth by Country, 2022 to 2032
Figure 64: Europe Market Attractiveness Analysis Country, 2022 to 2032
Figure 65: Europe Market Share and BPS Analysis by Product Form, 2022 & 2032
Figure 66: Europe Market Y-o-Y Growth by Product Form, 2022 to 2032
Figure 67: Europe Market Attractiveness Analysis Product Form, 2022 to 2032
Figure 68: Europe Market Share and BPS Analysis by Application, 2022 & 2032
Figure 69: Europe Market Y-o-Y Growth by Application, 2022 to 2032
Figure 70: Europe Market Attractiveness Analysis Application, 2022 to 2032
Figure 71: Europe Market Share and BPS Analysis by End Use Industry, 2022 & 2032
Figure 72: Europe Market Y-o-Y Growth by End Use Industry, 2022 to 2032
Figure 73: Europe Market Attractiveness Analysis End Use Industry, 2022 to 2032
Figure 74: East Asia Market Share and BPS Analysis by Country, 2022 & 2032
Figure 75: East Asia Market Y-o-Y Growth by Country, 2022 to 2032
Figure 76: East Asia Market Attractiveness Analysis Country, 2022 to 2032
Figure 77: East Asia Market Share and BPS Analysis by Product Form, 2022 & 2032
Figure 78: East Asia Market Y-o-Y Growth by Product Form, 2022 to 2032
Figure 79: East Asia Market Attractiveness Analysis Product Form, 2022 to 2032
Figure 80: East Asia Market Share and BPS Analysis by Application, 2022 & 2032
Figure 81: East Asia Market Y-o-Y Growth by Application, 2022 to 2032
Figure 82: East Asia Market Attractiveness Analysis Application, 2022 to 2032
Figure 83: East Asia Market Share and BPS Analysis by End Use Industry, 2022 & 2032
Figure 84: East Asia Market Y-o-Y Growth by End Use Industry, 2022 to 2032
Figure 85: East Asia Market Attractiveness Analysis End Use Industry, 2022 to 2032
Figure 86: South Asia Pacific Market Share and BPS Analysis by Country, 2022 & 2032
Figure 87: South Asia Pacific Market Y-o-Y Growth by Country, 2022 to 2032
Figure 88: South Asia Pacific Market Attractiveness Analysis Country, 2022 to 2032
Figure 89: SAP Market Share and BPS Analysis by Product Form, 2022 & 2032
Figure 90: SAP Market Y-o-Y Growth by Product Form, 2022 to 2032
Figure 91: SAP Market Attractiveness Analysis Product Form, 2022 to 2032
Figure 92: SAP Market Share and BPS Analysis by Application, 2022 & 2032
Figure 93: SAP Market Y-o-Y Growth by Application, 2022 to 2032
Figure 94: SAP Market Attractiveness Analysis Application, 2022 to 2032
Figure 95: SAP Market Share and BPS Analysis by End Use Industry, 2022 & 2032
Figure 96: SAP Market Y-o-Y Growth by End Use Industry, 2022 to 2032
Figure 97: SAP Market Attractiveness Analysis End Use Industry, 2022 to 2032
Figure 98: MEA Market Share and BPS Analysis by Country, 2022 & 2032
Figure 99: MEA Market Y-o-Y Growth by Country, 2022 to 2032
Figure 100: MEA Market Attractiveness Analysis Country, 2022 to 2032
Figure 101: MEA Market Share and BPS Analysis by Product Form, 2022 & 2032
Figure 102: MEA Market Y-o-Y Growth by Product Form, 2022 to 2032
Figure 103: MEA Market Attractiveness Analysis Product Form, 2022 to 2032
Figure 104: MEA Market Share and BPS Analysis by Application, 2022 & 2032
Figure 105: MEA Market Y-o-Y Growth by Application, 2022 to 2032
Figure 106: MEA Market Attractiveness Analysis Application, 2022 to 2032
Figure 107: MEA Market Share and BPS Analysis by End Use Industry, 2022 & 2032
Figure 108: MEA Market Y-o-Y Growth by End Use Industry, 2022 to 2032
Figure 109: MEA Market Attractiveness Analysis End Use Industry, 2022 to 2032
The global Barium Carbonate market is anticipated to reach a valuation of USD 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.
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