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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.
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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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