The global sales of barium chloride are anticipated to rise at a moderate CAGR of around 4% to 5% between 2022 and 2032. Growth in the market is attributed to the rising adoption of barium chloride across diverse applications such as water treatment, barium salt production and fireworks.
| Report Attribute | Details |
| Barium Chloride Market Projected Growth Rate (2022-2032) | 4%-5% CAGR |
Barium chloride is an inorganic compound usually produced by reaction between barites (barium sulfate) and hydrochloric acid. It has become one of the most commonly used water-soluble salts of barium.
Since ancient times, barium chloride has been used by humans for various applications including water treatment process, barium salt production, and chemical intermediates. However, due to its high toxicity levels, the use of this chemical has been limited to laboratory and industrial applications.
Presently, barium chloride is used in the production of chemical intermediates, barium salts, organic pigments etc. It also finds application in water treatments processes, aluminum refining, and brine purification.
Rising adoption of barium chloride for the purification of brine solution across caustic chlorine plants is one of the major factors triggering the sale of barium chloride and the trend is likely to continue in the future.
As the water shortage concerns continue to escalate worldwide, demand for barium chloride is anticipated to witness substantial increase during the forecast period. It is being increasingly used in water treatments processes for removing the impurities.
Subsequently, growing usage of barium chloride in the firecracker industry will further unlock growth opportunities for the key market players in the future. Owing to its ability to form a green flame while burning, barium chloride finds its application in firecrackers.
Exponential growth of end-use industries such as wastewater treatment, chemicals, and metal processing, increasing demand for PVC products and easy availability of barium chloride at lower costs are some of the factors driving the global barium chloride market.
Increasing water concerns coupled with rise in surface water pollution levels across the world is compelling governments to develop and expand water & wastewater treatment infrastructure. As a result, various new water treatment projects are being launched. This is turn is creating immense demand for water & wastewater treatment chemicals like barium chloride. Driven by this, the global chloride market is projected to show a positive growth trajectory during the forecast period.
Similarly, rising adoption of barium chloride for manufacturing PVC stabilizers is positively impacting the growth of barium chloride market. As the demand for PVC products continues to rise, manufacturers are increasingly utilizing chemicals like barium chloride to increase their production capacities.
In addition to this, rising demand for caustic chlorine and barium salts from various end-use industries along with increasing application of barium chloride in laboratories will continue to push the sales of barium chloride in the future. Barium chloride has become an ideal test for sulfate ion in laboratories
The major factors restraining the growth of barium chloride market are the rising implementation of stringent regulations on the use of barium chloride due to its high toxicity and negative impact of barium chloride on humans and environment.
Exposure to barium chloride can lead to skin irritation and other severe effects. As barium compounds like barium chloride are highly soluble, they can easily enter bloodstream and cause adverse effects to respiratory, digestive and cardiovascular systems. This is becoming a major hurdle for the growth of barium chloride market.
As per FMI, Asia Pacific is forecast to emerge as the most lucrative market for barium chloride owing to the rapid industrialization and urbanization, booming economy, and presence of leading barium chloride manufacturers.
Countries such as China and India have become prominent manufacturing hubs for barium chloride. These countries produce a major portion of total world barium chloride production due to lax regulations and abundant availability of raw materials.
Factors like rising water concerns and increasing consumption of products like paints, chemical intermediates, polymers, firecrackers etc. are generating enormous demand for barium chloride in these countries and the trend is likely to continue in the foreseeable future.
Besides this, growing demand for PVC products at an enormous pace in Asia Pacific region will further expand the barium chloride market in the future.
According to Future Market Insights, the North America barium chloride market is poised to exhibit strong growth during the forecast period, owing to the heavy presence of leading end-use industries, expanding waste water treatment infrastructure and rising demand for purification chemicals.
Rising demand for heavy metals and barium salts in countries like United States and Canada is providing a strong thrust to barium chloride market growth. Barium chloride dihydrate is being increasingly used to precipitate heavy metals from chemical processes. It also finds its application in caustic chlorine plants where it performs the function of purifying brine solutions.
Moreover, growing adoption of barium chloride for various applications in laboratories will create lucrative growth avenues within the North American market during the assessment period.
Some of the key participants present in the global barium chloride market include Weifang Xinyuan Barium Co., Ltd, Solvay SA, Nippon Chemical Industrial Co., Ltd., Chaitanya Chemicals Pvt. Ltd., Chemical Products Corporation, Sisco Research Laboratories Pvt., Ltd., Anmol Chemicals Group, Silicon Industries Pvt. Ltd. among others.
The barium chloride market is highly competitive in nature with key market players continuously focusing on increasing their production capacities. Besides this, they are leveraging strategies such as partnerships, collaborations, and establishment of new facilities to gain a competitive edge in the market.
| Report Attribute | Details |
| Growth Rate | CAGR of 4%-5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Customization | Available Upon Request |
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FMI projects the global barium chloride market to expand at a 4% to 4.6% value CAGR by 2032
Asia Pacific will continue to remain the most lucrative market for barium chloride during the forecast period.
Weifang Xinyuan Barium Co., Ltd, Solvay SA, Nippon Chemical Industrial Co., Ltd., Chaitanya Chemicals Pvt. Ltd., Chemical Products Corporation, Silicon Industries Pvt. Ltd. are some prominent barium chloride manufacturers
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