Published: Aug. 8, 2020 at 5:05 a.m. ET
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Aug 08, 2020 (SUPER MARKET RESEARCH via COMTEX) — The global barium carbonate market has grown at a CAGR of nearly 8% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Barium carbonates a dense, tasteless and odorless white-colored powder with the chemical formulaBaCO3. Naturally found in the mineral witherite, it is thermally stable and does not readily disassociate.Barium carbonate can also be manufactured from barium chloride mineral barite, and is commercially available in granular, powder and high-purity forms. Although insoluble in water, barium carbonates soluble in most acids, with the exception of sulfuric acid. Due to its chemical properties, barium carbonate finds application in the manufacturing of bricks, glass, ceramics, tiles and several chemicals.
Market Trends:
Barium carbonates widely used for glazing ceramic tiles as it acts as a crystallizing and matting agent and synthesizes unique colors when combined with specific coloring oxides. A rise in construction activities across the world has increased the usage of tiles, thereby stimulating market growth. In addition to this, barium carbonate increases the luster and refractive index of glass. Therefore, it is utilized in the production of cathode ray tubes, glass filters, optical glass and borosilicate glass. Several other factors that are contributing to the growth of the barium carbonate market include rising population, inflating disposable incomes, and increasing government expenditure on infrastructural activities.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation
Performance of Key Regions
1. China
2. Japan
3. Latin America
4. Middle East and Africa
5. Europe
6. Others
Market by End-Use
1. Glass
2. Brick and Clay
3. Barium Ferrites
4. Photographic Paper Coatings
5. Others
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