Barium Nitrate Market Analysis, Growth Opportunities and Recent Trends by Leading Manufacturers & Regions

Posted on 2019-07-22 by P&S Intelligence in Chemicals // 0 Comments

CITY, Country, 2019-Jul-22 — /EPR Network/ —The global barium nitrate market was valued at $2,368.3 million in 2015, and it is expected to grow at a CAGR of 5.51% during 2016 – 2022. The factors driving the growth of the global market include growing demand from the fireworks/pyrotechnics industry along with their increasing use in military applications across the globe.

Barium Nitrate can also be used as an oxidizer in glass manufacturing process to avoid spontaneous crystallization during the process, as barium nitrate serves in improving homogeneity & opacity in porcelain-enamels and as an ingredient in optical glasses. The powder has a wide range of applications such as coating for specialized mechanical component, device packaging, semiconductor devices, superconductor devices, etc. the demand of barium nitrate from glass/ceramic segment is expected to grow during the forecast period, owing to the growth of glass industry & electronic industry.

The information and data in the publication “Global Barium Nitrate Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. An amalgamation of bottom-up approach has been used to calculate the market size. P&S Intelligence analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

In terms of the end-user, the barium nitrate market includes fireworks/pyrotechnics, glass/ceramics and others. Some of the end-user industry considered in other segment includes vacuum tube industry, chemical industry, and ammunition. The fireworks/pyrotechnics segment was the largest end-user segment of the barium nitrate industry, with 75.84% share in terms of volume, followed by glass/ceramics segment which held 12.24% share. The glass/ceramics segment is expected to be the fastest growing segment during the forecast period.

Stable demand from the fireworks/pyrotechnics for the generic barium nitrate products is one of the growth drivers for the barium nitrate market. Besides fireworks/pyrotechnics, military areas are emerging as one of the major end users of the barium nitrate products. With majority of the countries expanding their military process, leading to increasing investment, the demand for barium nitrate products is expected to experience significant growth. The effect of this driver is more in regions such as North America and Asia-Pacific, and Middle-East. During the forecast period, even more investments are expected, presenting tremendous opportunities for the barium nitrate manufacturers.

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The intensity of rivalry in the barium nitrate market is expected to shift from low to medium during the forecast period. The market is currently highly consolidated in nature, with only limited number of large players and higher number of small players operating in the market. New players are expected to face a lot of competition, both in terms of matching the product quality, cost competitiveness and supply reliability.

Some of the major companies operating in the global barium nitrate market include Angene International Limited, Basstech International Llc, Hebei Xinji Chemical Group Co Ltd, Hummel Croton Inc., Jiaocheng Sanxi Chemical Co., Ltd., Sakai Chemical Industry Co. Ltd., SNDB, Solvay, Tennants Distribution Ltd, and Xilan Chemicals Co. Ltd.

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