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Global Precipitated Barium Sulphate Market to Grow at a CAGR of 3.5% During 2021-2026, Aided by the Rising Population and Industrialisation

According to a new report by EMR titled, ‘Global Precipitated Barium Sulphate Market Report and Forecast 2021-2026’, the global precipitated barium sulphate industry is expected to grow at a CAGR of 3.5% in the forecast period of 2021-2026.

The global precipitated barium sulphate industry is largely driven by the growing population and the rapid industrialisation in the Asian Pacific regions. The precipitated barium sulphate can be used as a basic raw material for the flourishing paints and coatings industry, the popular plastic and rubber industry, paper making and cosmetic fillers. In the application segments, the plastic is the leading one owing to its widespread demand. The ceramic, glass, and other chemical processing industries also have its application in their production processes. The precipitated barium sulphate can act as radio-opaque agent. This has resulted in its use in nuclear power plants and X-ray laboratories. The pharmaceutical industries have also been increasing the usage of barium sulphate because of its non-toxic nature and desired solvency characteristics. The precipitated barium sulphate can improve pigmentation efficiency and thus used in flavours and pigments industry.

The coatings segment in the application segment is also expected to witness a significant increase in the forecasting years. Solvay S.A (OTCMKTS: SOLVY), one of the key players in the precipitated barium sulphate industry, is also involved in the coating application sector of precipitated barium sulphate. On March 19, 2019 Solvay announced its new waterborne coating system called Halar ECTFE which can be used for anti-corrosion purpose in wide range of industries. It claimed to have advantages like excellent chemical resistance, high adhesion, purity, and long-life preservation of the applied objects. The new coatings will cause a rise in the coating industry which will lead to surging demand for precipitated barium sulphate.

Market Analysis by Type, Applications, and Regions:

  • On the basis of types, precipitated barium sulphate can be segmented into nanometer, ordinary, and modified.
  • The global precipitated barium sulphate industry can be classified on the basis of its applications into plastics, coatings, and rubber, among others.
  • The regional markets for precipitated barium sulphate include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market is thriving because of its application in diverse application sectors.
  • The research and development expenditure on precipitated barium sulphate has led to an increase in the market demand.
  • The precipitated barium sulphate market is expected to boost further with its increased use in pharmaceutical sector.
  • The population growth, urbanisation, and economic development has bolstered the industry growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global precipitated barium sulphate industry for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecasted (2021-2026) markets for the types, applications, and major regions of precipitated barium sulphate. 
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.  
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global precipitated barium sulphate market are Solvay S.A, Sakai Chemical Industry Co., Ltd., and Foshan Onmillion Nano materials Co., Ltd. among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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