January 31, 2023

The global barium hydroxide monohydrate market size is expected to experience substantial growth backed by increasing government focus on water purification programs and the growing demand for advanced lubricant across several industries that will boost the adoption of advanced chemical products globally.

Barium hydroxide monohydrate is generally a white powder in nature and is slightly soluble in water. It is used as a stabilizer in several chemical applications and is further adopted as a raw material for the manufacturing of metallic soap.

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What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2029. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

DRIVING FACTORS

Increasing Focus on Water Purification Programs to Aid Growth

In July 2020, East County Advanced Water Purification Program received approval for its Local Resources Program (LRP) from the Metropolitan Water District (MWD) of Southern California’s Board of Directors. East County received about USD 86 million funding for its vital water supply project that aims to treat wastewater to make it potable for human consumption. The increasing focus on water purification programs is expected to boost the adoption of advanced products for wastewater treatment. Moreover, the increasing demand for lubricants and oil additives across several industries to prevent friction and corrosion of machine parts is anticipated to bode well for the global barium hydroxide monohydrate market growth during the forecast period.

REGIONAL INSIGHTS

Presence of Large Chemical Manufacturing Bases in Asia-Pacific to Promote Growth

Among all the regions, Asia-Pacific is expected to showcase considerable growth and hold the highest position in the global barium hydroxide monohydrate market in the forthcoming years. This is attributable to the presence of large chemical and industrial manufacturing bases in countries such as China and India that is likely to boost the adoption of advanced barium hydroxide monohydrate products in the region.

The market in North America is anticipated to experience substantial growth backed by the large availability of barite reserves in countries such as the U.S. that will boost the adoption of the product between 2020 and 2029.

COMPETITIVE LANDSCAPE

Product Launches by Eminent Players to Expand Product Portfolio and Boost Sales Revenue

The market is fragmented by the presence of major players focusing on leveraging lucrative opportunities by developing innovative barium hydroxide monohydrate products. In addition to this, other key players are striving to maintain their presence by adopting strategies such as merger and acquisition, collaboration, and facility expansion that will favor the market growth during the forecast period.

Industry Development:

December 2020 – Sigma Aldrich is a leading chemicals manufacturer that offers 90% pure barium hydroxide monohydrate products. The company holds a dominant position and has a global footprint in the business.

List of the Companies Operating in the Global Market for Barium Hydroxide Monohydrate:

  • SolvayChemical Products Corporation
  • Sigma Aldrich
  • Barium India
  • ALPHA CHEMIKA
  • Shenzhou Jiaxin Chemical
  • Fengda Chemicals
  • BassTech International
  • Others

 

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