Barium Nitrate Market - Demand, Supply, Cost structure along with Industry’s Competitive Landscape
Market Research Future (MRFR) analyzed the Global Barium Nitrate Market 2020 along the review period till 2027. As per MRFR study, the barium nitrate market is set to garner considerable revenue by 2023 at prominent CAGR. The increasing demand for pyrotechnics/fireworks, ceramics, glass manufacturing, tracer bullets, vacuum tube production, and detonators, which are high end-users of barium nitrate are expected to support the market upsurge. Festivals that are distributed throughout a year demands for fireworks that consume barium nitrate. In addition, the upscaling requirement for barium nitrate in the manufacturing of destructive explosives for hand grenades for defense and military applications can positively influence the barium nitrate market through the study period.
Get Sample
Pdf @ https://www.marketresearchfuture.com/sample_request/5653
Competitive
Analysis
GFS Chemicals,
Inc. (U.S), Solvay (Belgium), Mil-Spec Industries Corp. (New York), SAKAI
CHEMICAL INDUSTRIES CO., LTD (JAPAN), Basstech International (U.S), Spectrum
Chemical Manufacturing Corp. (U.S), Pro Chem, Inc. (Georgia), Barium &
Chemicals, Inc (U.S), Qingdao Jiaozi International Trade Co., Ltd (China), Divjyot
Chemicals Private Limited (India), All-Chemie, Ltd. (U.S), Merck KGaA
(Germany), Hongkong Sheng Shi Jiao Zi Industrial Co., Ltd (China), Aldon
Chemicals (U.S), and Jiaocheng Sanxi Chemical Co., Ltd (China) are some
top-notch companies that are enlisted by MRFR to gain in-depth understanding
for the market.
The growing
popularity and application of barium nitrate in the production of optical fiber
due to demand for end product, such as; low thermal expansion, improved
refractive index, and high quality, can benefit the market through the study
span. The expansion of the electronic sector and the growing demand for barium
nitrate to produce superconductors, capacitors, and semiconductors is expected
to bolster the market in the review period. On the contrary, the high-water
solubility of barium nitrate and the absorption of the chemical by aquatic and marine
animals that adversely impact aquatic food chain can hinder the market
expansion. Moreover, the growing awareness about the high toxicity of barium
nitrate and its ability of induce skin and eye irritation, and stomach flu due
to ingestion can restrain the market along the review period.
Market
Segmentation
The segment study
of the global barium nitrate market is done on the basis of its application.
The applications-based
segments of the global barium nitrate market are ceramics, explosives, glass
manufacturing, detonators, fireworks/pyrotechnics, tracer bullets, vacuum tube
production, and barium compounds production among others.
The increasing
utility of barium nitrate in the production of pyrotechnics or fireworks,
tracer bullets, glass manufacturing, vacuum tube, ceramic powder, and
detonators among others can support the market expansion. The rise of the global
barium nitrate market can be attributed to the growing demand for the manufacturing
of explosives that are extensively used for defense and military purpose. The gradual
expansion of the electrical and electronics industries and the increase in
production of capacitors, semiconductors, and superconductors can promote the market
during the study period. Moreover, the surging demand for glass that is one of
the high end-user of barium nitrate due to increase in need for crystal glass and
optical, art can fuel the market surge during the study period.
Regional
Analysis
North America,
Latin America, Europe, the Middle East & Africa, and Asia Pacific are some
regions that are assessed for the global barium nitrate market.
In North America,
the barium nitrate market is expected to thrive due to the surge in the
production of barium nitrate. The increasing utility of barium nitrate in the powerful
defense and the expansion of military ammunitions base are expected to bolster
North America market in the coming years. The U.S. is likely to hold largest share
of the global market, following Canada. After North America, Europe is expected
to fuel the barium nitrate market on a global scale. The surge in heavy
investments in the well-developed defense sector is expected to contributor to the
market across the region. The high production of barium nitrate due to the
increase in need for explosives in defense and military base can favor the
market in the EU. In Asia Pacific region, barium nitrate market is observed as
the rapidly growing region. India, and Japan are reputed to have large
electronic base and the growing demand for semiconductors in the region is
expected to prompt the market rise. The increasing need for fireworks,
electronics, and pyrotechnics, and in the region is expected to underpin the
market rise in China. The adoption of barium nitrate by exporter and
manufacturer of fireworks across the globe can also favor the market growth.
Access Report Details @ https://www.marketresearchfuture.com/reports/barium-nitrate-market-5653
About Market Research Future:
Market Research Future (MRFR) is an esteemed company with a reputation of
serving clients across domains of information technology (IT), healthcare, and
chemicals. Our analysts undertake painstaking primary and secondary research to
provide a seamless report with a 360 degree perspective. Data is compared
against reputed organizations, trustworthy databases, and international surveys
for producing impeccable reports backed with graphical and statistical
information.
We at MRFR provide syndicated and customized reports to clients as per
their liking. Our consulting services are aimed at eliminating business risks
and driving the bottomline margins of our clients. The hands-on experience of
analysts and capability of performing astute research through interviews,
surveys, and polls are a statement of our prowess. We constantly monitor the
market for any fluctuations and update our reports on a regular basis.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
Read More :
Comments
Post a Comment