Precipitated Barium Sulphate Market

Pharmaceutical Grade Applications Bolstering Growth Prospects

Application in the pharmaceutical sector has been the mainstay for revenue generated for market players. FMI projects sales in the category to surge, especially on account of increasing use of polystyrene and polypropylene in pharmaceutical packaging materials.

Additionally, the use of barium sulphate powder in various diagnostic equipment has been creating lucrative prospects for growth. In the near future, its application is expected to surge, thanks to ongoing research and development on novel diagnostic technologies.

Resultantly, some of the leading players are finding the current time very pertinent for investment in research initiatives. Focus on maximizing the use of pharmaceutical grade precipitated barium sulphate will therefore augur well for the market.

Several healthcare organizations are even running clinical trials to examine the effectiveness of novel procedures of X-ray diagnosis, subsequently spurring growth in the market. As companies aim for patent rights, the market is likely to witness expansion of various production plants.

Applications Poised to Surge across Diverse Industries

Precipite of barium sulphate is considered an essential material used in the oil industry. Its application primarily as drilling fluid is intended to help increase the density of oil-like fluid. In the near future, the demand for purified fluid is forecast to surge, which will help the market gain impetus.

Precipitated barium sulphate has uses across diverse industries. For instance, in the paints & coatings sector, it is used as a transparency chemical commonly added to paints and coatings mixtures to modify their consistency. These coating materials are subsequently used in the automotive sector.

Barium sulphate is often used as a filler or more commonly filling spar in paints, varnishes, and plastics industries. It is done to improve the weight and plasticity of plastic materials. In paints and coatings industry in particular, high quality precipitated barium sulphate is in high demand to improve density and inertness of paints.

Some of the leading precipitated barium sulphate manufacturers also are trying to establish their stronghold in the market, by capitalizing on the expanding construction industry.

Paints and coatings are in high demand in the sector. Expansion of economies and infrastructural development in high potential markets fuels demand for paints and coatings, invariably positively influencing sales prospects for precipitated barium sulphate suppliers.

Key Challenges

Despite witnessing surging applications across diverse sectors, the market continues to reel under certain intrinsic challenges. Health effects and common safety hazards associated with precipitated barium sulphate may hamper its sales.

Despite its non-toxicity, exposure to dust that precipitate of barium sulphate behind or inhaling it in high concentration can cause irritation to eyes, nose, and respiratory system. This is regarded as one of the key restraints challenging growth in the market.

Region-wise Analysis

North America Precipitated Barium Sulphate Market

The forecast for precipitated barium sulphate market in North America is rather favorable. Based on financial evaluations and comprehensive market survey, Future Market Insights forecast North America to demonstrate significant investment feasibility.

Barium chemicals find wide applications in North America across diverse sectors including chemical manufacturing, ceramics, glass, and metal industries. The demand from the U.S. and Canada is expected to be considerably high. Of these counties, the U.S. will boast a stronghold in the North America market.

Backed by the presence of sophisticated infrastructure for paints and coatings industry, the market will continue exhibiting robust trajectory through the course of the forecast period. Besides this, the demand from plastic & polymers, rubber, and pulp & paper industries will offer lucrative growth opportunities.

Europe Precipitated Barium Sulphate Market

The paints and coatings industry in Europe is a steady one. The increasing demand for protective coatings and booming prospects for offshore window turbine sector has been pushing growth in the industry.

Architectural coatings, for instance, has been recording high demand. With the advent of nanotechnology, paints and coatings industry has been immensely bolstered. Invariably, the region offers significant prospects for precipitated barium sulphate sales uptick.

The construction sector in the U.K. is an exceptionally booming one, thus it lends ample support to the expansion of the market for precipitated barium sulphate. Other countries exhibiting demand for the same include Hungary, Poland, Germany, Sweden, and Ireland.

On the downside, the unprecedented COVID-19 outbreak has hampered demand across various segments, especially paints & coatings, paper & pulp, construction industries among others.

Meanwhile, precipitated barium sulphate suppliers are hoping to sail through the turmoil, especially since most countries are slowing opening economies to return to normalcy.

Asia Pacific Precipitated Barium Sulphate Market

Despite North America’s dominance Asia Pacific is forecast to emerge as a lucrative market for precipitated barium sulphate. Industrialization witnessed in the region is considered a chief driver of the market.

Demand from both East Asia and South Asia & Pacific markets are expected to remain considerably high through the next decade. As per FMI, East Asia’s dominance in the global market will continue backed by demand witnessed in high potential markets.

China for instance has been significantly contributing to the revenue generated in East India. FMI’s survey depicts positively rising demand after a temporary period of slump in 2020 on account of the unprecedented COVID-19 outbreak.

Growth in this year is forecast to be sluggish with coronavirus tightening its noose around the world. Supply chain disruptions caused during lockdown has caused some serious damage to the market’s sales proceeds.

While recovery is on the cards, market players will need dynamic moves to sail through the challenges posed during the pandemic. The construction sector for instance is significantly hampered. With economic activities resuming, albeit gradually, cork on construction activities is expected to be removed.

This will subsequently pave way for operations to recommence in the precipitated barium sulphate market. In South Asia and Pacific, India will particularly emerge as a lucrative pocket. The demand from paints & coatings industry witnessed will support growth in the region.

Category-wise Insights

Particle Size

Based on particle size, precipitated barium sulphate is available in sizes up to 1 μm, up to 3 μm, up to 5 μm, and above. Of these, the demand for particle size up to 5 μm, and above is considerably high. The segment also is expected to rise at the maximum rate of growth through the course of the forecast period.

Application

Precipitated barium sulphate is witnessing demand in paints & coatings, pulp & paper, rubber, and plastics & polymers industries. Of these, paints & coatings industry has been accounting for the leading share of the revenue generated in the market.Increasing construction and renovation activities around the world have been creating scope for application in the paints & coatings sector. The plastics & polymers industry as well has emerged as a lucrative segment. Expanding operations across the world are expected to fuel scope for application in the industry.

Precipitated Barium Sulphate Companies and Competitive Intelligence

Companies operating in the market are currently adopting strategic moves to sail through slump caused by the ongoing pandemic. Because companies operating in the market are dealing with chemicals, there is immense focus on conserving energy and maintaining sustainable goals.

There is immense focus among these companies to brand themselves as eco-friendly. Some of them are even collaborating with multinational behemoths to position their brands on high pedestal on an international level.

Solvay SA for instance has joined with Apple’s commitment towards clean energy. As a supplier of various metals to Apple, the company conducts manufacturing entirely on renewable energy.

On July 202o it has announced its participation in the Supplier Clean Energy Program, which is a core component to Apple’s commitment towards a better future. Under this program, 71 suppliers to Apple, including Solvay have committed to producing products for Apple with cent percent clean energy.

In addition to Solvay SA, some of the other leading precipitated barium sulphate manufacturers are:

• Huntsman Corporation
• Guizhou Redstar Development Co., Ltd.
• Sakai Chemical Industry Co. Ltd.
• Nafine Chemical Industry Group Co., Ltd.
• Anglo Pacific Minerals Ltd.
• Nippon Chemical Industrial Co. Ltd.
• IBC Limited
• The Kish Company Inc.
• Shenzhou Jiaxin Chemical Co., Ltd.
• Qingado Redbutterfly Precision Materials Co., Ltd.
• Hebei Xinji Chemical Group Co. Ltd.
• Hubei Hoyonn Chemical Industry Co., Ltd.
• Zhushan County Qinba Barium Salt Co., Ltd.
• Cimbar Performance Minerals Inc.
• Gemme Corp Inc.
• Shaanxi Fuhua Chemical Co., Ltd.
• Shanghai Weiyi Industrial Co., Ltd.
• Shanghai Liangjiang Titanium Chemical Co., Ltd.
• Barium and Chemicals Inc.
• Berckland Scientific Supplies Ltd.
• Shanghai Loman Chemical Co., Ltd.
• HongShaung Chem
• Foshan Onmillion Nano Materials Co., Ltd.

Precipitated Barium Sulphate Industry Report: Scope

Key Questions Answered by the Report

• What is the precipitated barium sulphate market size?

  The precipitated barium sulphate market size is forecast to surpass US$ 962 million by 2030. The market is forecast to rise at 3.8% CAGR during 2020-2030

• Which is the largest market for precipitated barium sulphate

  East Asia currently leads the global landscape. The expansion of paints & coatings industry besides increasing investment towards construction and renovation works are aiding expansion in the region

• Which are the top companies in precipitated barium sulphate market?

  Some of the top companies operating in the market are Merck KGaA, Alfa Aesar, Solvay SA, Huntsman Corporation, Guizhou Redstar Development Co., Ltd., Sakai Chemical Industry Co. Ltd.

• Where are the uses of precipitated barium sulphate?

  Precipitated barium sulphate is a synthetic chemical often used in paints, plastic materials, adhesives, coatings, and sealants. It is effectively added to various types of synthetic resins as a light diffusing material

• In which sizes are precipitated barium sulphate available?

  Precipitated barium sulphate is usually available in sizes up to 1 μm, up to 3 μm, and up to 5 μm and above. Of these, the demand for size up to 5 μm and above is considerably higher than the rest

• What is the outlook on precipitated barium sulphate market?

  China will be an exceptionally lucrative pocket for the market. The country has been exhibiting consistently increasing investment in construction activities. Besides this, the presence of well-established manufacturing and   automotive sectors are backing demand for precipitated barium sulphate

• Will North America exhibit high demand too?

  North America is a mature market, despite which it is expected to account for significant share in the overall market. The rising demand from the U.S. and Canada will support growth in the coming years

Enquiry before Buying

• Is this research conducted by Future Market Insights?

  Yes, the precipitated barium sulphate has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst

• What research methodology is followed by FMI?

  FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology

• Who are the respondents for primary research?

  FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

• What are the sources of secondary research?

  FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

• Is a sample of this report available for evaluation?

  Yes, you can request a sample and it will be sent to you through an email.

• How can I buy this report?

  FMI provides a secure online payment system to buy report seamlessly. You can buy the report securely and safely.

Key Segment

Particle Size

• Up to 1 μm
• Up to 3 μm
• Up to 5 μm and above

Application Outlook

• Paints & Coatings
• Pulp & Paper
• Plastics & Polymers
• Rubbers
• Others

Regional Outlook

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of LATAM)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)