Barium Carbonate Market Size (2024 - 2029)

The barium carbonate market is anticipated to experience growth, driven by its increasing use in the ceramic and construction industries. Despite the initial decline due to the COVID-19 pandemic, the market's recovery in subsequent years is expected to support its expansion. However, the market's growth may be challenged by the toxic nature of barium carbonate and stringent regulations in developed regions. Opportunities are emerging from research and development efforts focused on its application in radiation therapy. The Asia-Pacific region leads the market, supported by its application in construction and ceramics in countries like China and India.

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Market Size of Barium Carbonate Industry

Barium Carbonate Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Barium Carbonate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Barium Carbonate Market Analysis

The Barium Carbonate Market is projected to register a CAGR of over 7.5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Considering the pandemic scenario, construction activities were temporarily halted during the government-imposed lockdown. Thus, this led to a decrease in the consumption of barium carbonate, which was used to produce tiles, matt glazes, bricks, and other components in the construction sector, thereby witnessing a declining market growth rate. However, the condition recovered in 2021, which was expected to benefit the market during the forecast period.

  • Over the short term, the growing application of barium carbonate in the ceramic and construction industries is expected to drive the market's growth.
  • However, the toxic nature of barium carbonate and stringent regulations implemented by several governments in developed countries on the usage of barium carbonate are likely to hinder the growth of the studied market.
  • The research and development on the application of barium carbonate to separate and purify Cesium-131 for radiation therapy will likely provide opportunities for the barium carbonate market over the forecast period.
  • The Asia-Pacific region dominates the barium carbonate market, owing to growing application in the construction and ceramic sectors in the countries like China, India, and others.

Barium Carbonate Industry Segmentation

Barium carbonate is a white solid inorganic compound with the chemical formula BaCO3. It can be manufactured through the soda ash process in which an aqueous solution of barium sulfide is treated with sodium carbonate to get barium carbonate as a major product. 

The Barium Carbonate Market is segmented by product, application, end-user industry, and geography. By product, the market is segmented into granular, powder, ultrafine, and other products. By application, the market is segmented into bricks and tiles, specialty glass, glazes, electro ceramic, enamel, and other applications. By end-user industry, the market is segmented into construction, oil and gas, ceramic, electrical and electronics, and other end-user industries. The report also covers the market size and forecasts for the barium carbonate market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Form
Granular
Powder
Ultra fine
Other Forms
Application
Bricks and Tiles
Speciality Glass
Glazes
Electro Ceramic
Enamel
Other Applications
End-user Industry
Construction
Oil and Gas
Ceramic
Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Barium Carbonate Market Size Summary

The barium carbonate market is poised for significant growth, driven by its expanding applications in the ceramic and construction industries. The market experienced a downturn due to the COVID-19 pandemic, which temporarily halted construction activities and reduced demand for barium carbonate used in tiles, glazes, and bricks. However, recovery began in 2021, setting a positive trajectory for the market. The Asia-Pacific region, particularly countries like China and India, dominates the market due to robust construction and ceramic sector activities. Despite the market's growth potential, challenges such as the toxic nature of barium carbonate and stringent regulations in developed countries may impede progress. Nonetheless, advancements in research, particularly in the separation and purification of Cesium-131 for radiation therapy, present new opportunities for market expansion.

The construction industry remains the largest segment for barium carbonate, with increased infrastructure projects in Asia-Pacific and North America fueling demand. The material's use in preventing scumming in bricks and tiles aligns with the rising construction activities, particularly in China, India, and the United States, which are expected to contribute significantly to global construction growth. Additionally, barium carbonate's applications extend to oil-well drilling, glass, and the photographic industries, further broadening its market reach. The market is characterized by fragmentation, with numerous small players and key companies like Solvay and Honeywell International Inc. actively participating. Recent policy changes, such as the removal of anti-dumping tariffs on Chinese imports in India, are expected to influence market dynamics positively.

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Barium Carbonate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Construction Industry

      2. 1.1.2 Increasing Demand from the Ceramic Industry

    2. 1.2 Restraints

      1. 1.2.1 Toxic Nature of Barium Carbonate

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrant

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Form

      1. 2.1.1 Granular

      2. 2.1.2 Powder

      3. 2.1.3 Ultra fine

      4. 2.1.4 Other Forms

    2. 2.2 Application

      1. 2.2.1 Bricks and Tiles

      2. 2.2.2 Speciality Glass

      3. 2.2.3 Glazes

      4. 2.2.4 Electro Ceramic

      5. 2.2.5 Enamel

      6. 2.2.6 Other Applications

    3. 2.3 End-user Industry

      1. 2.3.1 Construction

      2. 2.3.2 Oil and Gas

      3. 2.3.3 Ceramic

      4. 2.3.4 Electronics

      5. 2.3.5 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Barium Carbonate Market Size FAQs

The Barium Carbonate Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)

SAKAI CHEMICAL INDUSTRY CO.,LTD., SHAANXI ANKANG JIANGHUA GROUP CO., LTD., Chemical Products Corporation, Solvay and Honeywell International Inc are the major companies operating in the Barium Carbonate Market.

Barium Carbonate Market Report Snapshots

Barium Carbonate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)