Barium Nitrate Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Barium Nitrate Market was valued at USD xx million in 2017 and projected to reach USD xx million by 2022 growing at a CAGR of xx% during the forecast period 2017 to 2022.
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Barium Nitrate Market Growth Drivers and Restraints:
The main factor restraining the growth of the barium nitrate market is its toxicity. Barium nitrate is a chemical mixture, which is fully soluble in liquid and is many-a-times exposed in the atmosphere due to its usage in fireworks. These toxic compounds can have severe impact on humans in case of any accidental exposure.
The notable end-users of the barium nitrate market involve fireworks/sparklers, glass/ceramics, vacuum tube industry, drug industry, and ammunition. The fireworks/sparklers division was the largest end-user segment of the barium nitrate production, with 75.8% share in terms of volume, followed by glass/ceramics section which held a 12.2% share. The glass/ceramics division is supposed to be the fastest growing part during the forecast period.
Geographical Analysis of Barium Nitrate Market:
Regionally, the market is spread across the regions of North America, Europe, Asia Pacific and LAMEA. Asia Pacific has been driving the worldwide barium nitrate market and is expected to continue on the dominant position in the times to profit, states the barium nitrate market study. Huge demand for fireworks in the emerging markets of India and China is the main part behind the dominance of the Asia Pacific business. A large number of market players being headquartered in the Asia Pacific is another important factor that is supporting the extension of this region’s barium nitrate market.
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Key Players of Barium Nitrate Market:
Principal companies operating in the global barium nitrate market are Barium Chemicals Co. Ltd., Basstech International LLC, Sakai Chemical Industry Co. Ltd., SigmaSolvay S. A., Degussa AG, Aldrich Corporation, Tennants Distribution Ltd., Angene International Limited, San Yuan Chemical Co. Ltd., and Jiaocheng Sanxi Chemical Co., Ltd, among others.
Barium Nitrate Market Segmentation:
· Reaction with Barium Carbonate
· Reaction with Barium Sulphate
· The combination with Barium Chloride
· Military and Defense
· North America
· South America
· Asia Pacific
· Middle East and Africa
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