Barium Nitrate Market 2021
Barium Nitrate is an organic salt composed of barium and nitrate ion. It is a colorless, odorless, and easily soluble in water as well as in ethanol and acetone. Barium nitrate is a crystalline substance which can occur naturally as nitrobarite and can be manufactured by two processes. In the first process, reaction of barium carbonate with nitric acid is carried out, which results in separation of barium nitrate crystals from the mixture. The second process involves the reaction of sodium nitrate solution with barium chloride, which produced barium nitrate crystals. The thermal decomposition of the product take place at around 500ºC -700ºC with the release of oxygen, barium oxide, and nitrogen dioxide. When barium nitrate blended with aluminum powder, a formula for flash powder, is highly explosive and when it is mixed with Thermite, it forms Thermate-TH3, which is extensively used in military thermite grenades. Barium nitrate acts as an oxidizer and is widely consumed to produce green fireworks.
Global barium nitrate market accounted for over USD 2,585 million in 2017 and is expected to grow at a CAGR of 5.8% during the forecast period, 2021–2026.
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Solvay, Barium Chemicals, Sakai Chemical, Sigma Aldrich, Angene International, Hummel Chemical, Evonik Industries, San Yuan Chemical, HaoHua Chemical, and Meritop Chemicals and more...
Years that have been considered for the study of this report are as follows:
- History Year: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year: 2021 to 2026
Market Segmentation:
By Type
- Reaction with Barium Carbonate
- Reaction with Barium Sulphate
- Combination with Barium Chloride
By Application
- Chemicals
- Military and Defense
- Recreational
- Others
Regional Segmentation:
- North America (The US, Canada, and Mexico)
- Europe (Germany, France, the UK, and Rest of the World)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Latin America (Brazil and Rest of Latin America.)
- Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Why Buy This Report?
- Historical inferences, findings & analysis of the market from 2016 to 2018
- Projections and performance forecast analysis for the future from 2019 to 2026
- Production and consumption point of view (POV) analysis
- Market drivers, restraint and opportunity analysis, to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
- Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects
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The analysis objectives of the report are:
- To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
- To know the Barium Nitrate Market by pinpointing its many sub segments.
- To profile the important players and analyze their growth plans.
- To endeavor the amount and value of the Barium Nitrate Market sub-markets, depending on key regions (various vital states).
- To analyze the Global Barium Nitrate Market concerning growth trends, prospects and also their participation in the entire sector.
- To examine and study the Global Barium Nitrate Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
- Primary worldwide Global Barium Nitrate Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
- To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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