Barium Oxide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2023
- Transparency Market Research
Barium oxide is a hygroscopic compound majorly used for ceramic coating, glass, optical applications. It is a non flammable compound prepared by heating barium carbonate with coke, carbon black or tar. Other method by which barium oxide can be produced is by thermal decomposition of barium nitrate. It is cubical in structure.
Barium oxide is majorly used for coating applications. It is used to coat hot cathodes such as cathode ray tubes. It is used as a substitute to lead oxide for the production of certain types of glasses such as optical crown glass. Barium oxide is used as an ethoxylation catalyst in the reaction of ethylene oxide and alcohols. This reaction takes place between 150o and 200o. In addition, it is also a source of pure oxygen though heat fluctuation. Barium Oxide powder is typically insoluble in aqueous solutions (water) and is extremely stable making them useful in ceramic structures such as producing clay bowls, advanced electronics and in light weight structural components in aerospace and electrochemical applications such as fuel cells in which they exhibit ionic conductivity. Furthermore, barium oxide is available in pellets, powder, tablets and nano – powder. Thus, they can be used in an array of applications.
The growing demand for coating applications in various industries in order to make the products and equipment corrosion and heat resistant is expected to augment the growth of the barium oxide market. In addition, barium oxide is extensively used in nanotechnology. Thus, the increasing demand for nanotechnology coupled with its wide applications in other industries such as glass and ceramics is anticipated to propel the demand for barium oxide. However, barium oxide is harmful to human skin and if swallowed in large quantity causes irritation. Excessive quantities of barium oxide may lead to death. If it contacts the skin or the eyes or is inhaled it causes pain and redness. However, it is more dangerous when ingested. It can cause nausea and diarrhea, muscle paralysis, cardiac arrhythmia, and can cause death. If ingested, medical attention should be sought immediately. Moreover, it is harmful to aquatic organisms. Thus, there are stringent regulations on the use of barium oxide which may restrain the growth of barium oxide in the near future.
Asia Pacific was the leading regional market for barium oxide. China had the largest demand for barium oxide owing to huge demand from the automobile and other industries. However, other countries such as India, Japan and South Korea are likely to exhibit more demand for barium oxide in upcoming years. Asia Pacific has experienced dynamic economic growth in the past decade. This trend is expected to continue in the next few years. Asia Pacific was followed by North America. U.S. had the largest demand for barium oxide. The demand was huge owing to increasing demand from various applications and for research and development purposes in chemical industry. Europe had the third largest market share in barium oxide market. Growing demand from automobile industry is driving the barium oxide market in Europe. European countries such as Germany and the UK were the major consumers of barium oxide in this region. Rest of the World market is anticipated to have stable demand for barium oxide market in near future. Latin America is one of the largest markets for barium hydroxide in the Rest of the World.
Some of the key players in the barium oxide market are Tianjin Flourish Chemical Co. Ltd. and Alliance Global among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.
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