Barium Sulphate Market Size, Share, and COVID Impact Analysis, By Type (Natural, and Precipitated), By End-use (Oil & Gas, Chemical Processing, Paint & Coatings, Plastic & Polymers, Rubber, and Others), And by Regional Forecast, 2024-2032

Barium Sulphate is a crystalline solid which is insoluble in water, and orderless in nature. The product falls under the inorganic compound category and exits in its natural form as the mineral barite. Moreover, barium sulphate offers various remarkable chemical properties which make the product suitable for adoption in different end-use such as the product is soluble in concerted acids. Additionally, the product offers several radio imaging and medical use such as radio-opaque, and water insolubility respectively. Thus, the demand for barium sulphate is expected to grow in the forecast period.

The utilization of barium sulphate in the end-use industries is expected to drive the market as it is widely used as an x-ray contrast agent in the medical industry, in radiation shields, and in well-drilling fluids. Additionally, barium sulphate is also utilized in paints & pigments, filler in plastic, and catalyst support. Thus, the market demand for barium sulphate is expected to grow in the forecast period.

Barium sulphate offers various advantages as it is considered non-toxic material but its exposure to its dust may harm the eyes, throat, and respiratory systems when inhaled which can cause serious damage to the human organs. Additionally, barium sulphate may cause paralysis in humans. Thus, the barium sulphate is expected to consume in a small amount when it is utilized. All these mentioned factors are anticipated to hinder market growth.                                                                                             

Impact of COVID-19 on the Barium Sulphate Market

The outbreak of Covid-19 occurred in the last of 2019. The pandemic nearly hit each continent across the world. The government of highly impacted countries such as China, and India had to impose the lockdown on business operations in order to neutralize the effect of the virus. This has resulted in the halted manufacturing operations of the barium sulphate. The demand drastically decreased as the end-use industries were not operating at their total installed production capacity. For instance, the paint & coating material, adhesive and sealants, pulp and paper, and textiles industries had to face abnormal demand-supply requirements as the necessitate became the priority. Additionally, barium sulphate is widely utilized in school and university labs. The demand for barium sulphate from this kind of institution decreased as the government imposed a lockdown on each sector including colleges and universities.

Despite the uncertainties, the market has been moderately profitable as the barium sulphate utilized in the medical sector which was operational surged the demand for packaging material.

Key Insights

The report will cover the following key insights:

• Regulatory Scenario of Barium Sulphate


• Key Development of Barium Sulphate


• Impact of COVID-19 on the Barium Sulphate Market

Analysis by End-use

Based on the type, the barium sulphate market can be segmented into natural and precipitated. The growth of the precipitated barium sulphate is associated with remarkable chemical properties. For instance, the product enables excellent sound, vibration, and deadening properties when precipitated barium sulphate is utilized in plastic & polymer applications. Additionally, it enhances the aesthetic and improves the color and surface finish of plastic products. Moreover, the precipitated barium sulphate is utilized in polymer film production due to its fine molecular size. The growing demand for paint & coatings is associated with the segment's growth.

Regional Analysis

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The growth of the barium sulphate market in the Asia Pacific is associated with increased demand for plastic and polymers industries. The reason behind the increased growth of plastic and polymers is rapid demand from the end-use industries including packaging, consumer products, electrical & electronics, and automotive as plastic is widely utilized in the form of bumper, engine parts, dashboards, turbine blades, helmets, blood bags, and other applications. This has resulted in a higher demand for plastic and polymer raw materials in order to fulfil consumer needs. Thus, the market is expected to boost in the forecast time frame.

In North America, market growth is associated with high disposable income which leads to a higher demand for rubber products. Countries in North America such as the U.S. one of the big hubs for rubber products as it is widely used in the tire, and sports mats. The awareness of health and hygiene has increased over the past year. This has resulted in a boost in the fitness clubs in the region. Rubber gym mats are widely utilized in these fitness clubs which further leads to the product demand. Thus, the market is expected to grow in the forecast period.

The market growth in Europe is associated with the rapid increase in the automobile sector which leads to a higher demand for automotive parts. The automotive parts manufacturers are increasing their business operations in order to fulfil the consumer’s needs. This has resulted in higher demand for barium sulphate as the product is used to coat and construct the plastic material due to its excellent chemical properties including rheology and computability with other offered pigments. Thus, all these factors are supposed to boost the market in the region. At the same time, Latin America and the Middle East are expected to grow moderately.

Key Players Covered

The report will include key players such as Barium & Chemicals Inc, Shaanxi Fuhua Chemical Co., Ltd., Solvay S.A, Nippon Chemical Industrial, Qingdao ECHEMI Digital Technology Co., Ltd., Xuri Group, XinJi Xibo chemical co., LTD, Brenntag Ingredients (India) Pvt. Ltd., Foshan Onmillion Nano Material, Sachtleben Chemie, and Others

Segmentation

Key Industry Developments

• In November 2020, Shaanxi Fuhua Chemical Co., Ltd. Introduced its R&D expert division to enhance the quality of the offered barium sulphate product by the company. The purpose of the establishment of the R&D division is to maximize revenue by offering best-in-class products to the customers.