The global barium carbonate powder market size is expected to experience considerable growth in the forthcoming years. The growth is attributable to the rising construction industry and the increasing demand from chemical industry that is propelling the demand for advanced barium carbonate powder globally. This information is published by Fortune Business Insights in its upcoming report,
Barium carbonate powder is a white amorphous powder that is extensively adopted in the production of glazes, bricks, special glass, ceramics, and tiles. It aids in increasing the refractive index and luster of glass and further used as fluxing agent to manufacture clay bricks, matt glazes, and ceramic tiles.
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What does the Report Provide?
The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. The report further provides insights into the regional analysis covering different regions, contributing to the market growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2030.
DRIVING FACTORS
Increasing Construction Industry to Propel Market Growth
Rapid-paced industrialization and urbanization is driving the demand for construction materials across the globe. The increasing construction industry is expected to boost the adoption of innovative barium carbonate powder products during the forecast period. According to the United Nations (UN), there will be around 43 megacities by 2030. Moreover, the growing demand for barium carbonate powder in the chemical industry for removing sulfates in chlorine alkali electrolysis process is expected to contribute to the global barium carbonate powder market growth during the forecast period.
REGIONAL INSIGHTS
Asia-Pacific to Remain at Forefront; Increasing Demand for Construction Materials to Aid Growth
Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global barium carbonate powder market during the forecast period. This is attributable to the increasing demand for construction materials such as cement, tiles, and glass due to rapid urbanization in countries such as India and China between 2020 and 2030.
The market in North America is expected to showcase substantial growth backed by the increasing R&D in oil refining and electro-ceramics by the manufacturers that is likely to boost the adoption of advanced barium carbonate powder products.
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COMPETITIVE LANDSCAPE
Merger and Acquisition between Major Companies to Brighten Their Market Prospects
The global barium carbonate powder market comprises small, medium, and large companies that are striving to maintain a stronghold. The large companies are focusing to expand their barium carbonate powder products portfolio by acquiring other small companies. Moreover, other key players are adopting strategies such as facility expansion, partnership, and collaboration to gain a competitive edge over their rivals that will favor the market growth in the forthcoming years.
List of the Companies Operating in the Global Market for Barium Carbonate Powder:
- SolvayChemical Products Corporation
- Hebei Xinji Chemical Group Co. Ltd.
- Hubei Jingshan Chutian Barium Salt Corporation Limited
- Sakai Chemical Industry Co. Ltd.
- Guizhou RedStar Developing Co., Ltd.
- Shaanxi Ankang Jianghua Group Co., Ltd
- Others
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