Barium sulphate refers to an organic compound that is odorless and soluble in water. It is present in the form of a white crystalline solid at room temperature. One of the essential source of barium sulphate is barite. The high density along with opaque appearance and other exceptional properties makes barium sulphate easily applicable in various end user industries. It also act as a contrast agent. It works by coating the inside of esophagus, stomach and intestine that allows to see more clearly on a CT scan or other radiologic examinations.
MARKET DYNAMICS
The wide scale usage of barium sulphate in diagnostic equipment drives the market for barium sulphate in pharmaceutical grade. Besides this, the application of barium sulphate in oil industry as an oil well drilling fluid also drives market growth. However, barium sulphate can cause allergic reactions, difficulty in breathing and swelling of throat, lips and tongue, which restricts the market for barium sulphate. The increase in the use of barium sulphate in paints & coatings industry is expected to boost the market for barium sulphate in the near future.
MARKET SCOPE
The "Global Barium Sulphate Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the barium sulphate market with detailed market segmentation by grade, application and geography. The global barium sulphate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading barium sulphate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global barium sulphate market is segmented on the basis of type and application. On the basis of grade, the barium sulphate market is segmented into industrial grade and pharmaceutical grade. As per application the market is broken into drilling fluids, pigments, paper brightener, plastics fiber, radio-contrast agent and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global barium sulphate market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The barium sulphate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the barium sulphate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the barium sulphate market in these regions.
MARKET PLAYERS
The reports cover key developments in the barium sulphate market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from barium sulphate market are anticipated to lucrative growth opportunities in the future with the rising demand for barium sulphate market in the global market. Below mentioned is the list of few companies engaged in the barium sulphate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the barium sulphate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Barium and Chemicals, Inc.
- Cimbar Performance Minerals
- Microbar
- Nippon Chemical Industrial Co., Ltd.
- Redox Inc.
- Shaanxi Fuhua Chemical Co. Ltd.
- Solvay S.A.
- The Cary Company
- ValourImpex
- Xinji Xibo Chemiclas Industry Co. Ltd.
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