Global Barium Nitrate Market by Application (pyrotechnics/fireworks, glass manufacturing, ceramics, tracer bullets, detonators, vacuum tube production, barium compounds production, and others) and by Region till 2023;
Pune, India – May 16, 2019 —
Barium Nitrate Market 2019 Premium Insight, Industry Trends, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2023. Some of the key manufacturers in the global barium nitrate market are Basstech International (U.S), Solvay (Belgium), SAKAI CHEMICAL INDUSTRIES CO., LTD (JAPAN), Mil-Spec Industries Corp. (New York), Spectrum Chemical Manufacturing Corp. (U.S), Pro Chem, Inc. (Georgia), GFS Chemicals, Inc. (U.S), Aldon Chemicals (U.S), Barium & Chemicals, Inc (U.S), All-Chemie, Ltd. (U.S), Divjyot Chemicals Private Limited (India), Qingdao Jiaozi International Trade Co., Ltd (China), Hongkong Sheng Shi Jiao Zi Industrial Co., Ltd (China), Merck KGaA (Germany), and Jiaocheng Sanxi Chemical Co., Ltd (China).
The global barium nitrate market is segmented on the basis of its application and region.
On the basis of the applications, the global barium nitrate market is segregated into explosives, glass manufacturing, ceramics, fireworks/pyrotechnics, tracer bullets, detonators, vacuum tube production, other barium compounds production, and others.
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Barium nitrate is a crystalline, inorganic salt of barium and nitrate ions. The thermal decomposition of barium nitrate takes place at around 500ºC-700ºC with the release of oxygen, barium oxide, and nitrogen dioxide. It naturally occurs in nitrobarite, which is a rare earth mineral. Commercially, barium nitrate is produced using following two processes. The first is to carry out the reaction of barium carbonate with nitric acid and then precipitating, evaporating, and filtering iron impurities. The second way to produce the compound involves the reaction of heated sodium nitrate solution with barium chloride, which results in barium nitrate crystals. It acts as an oxidizer and is widely consumed to produce green fireworks. It is mixed with thermite to form Themate-TH3, a military thermite grenade. It forms highly explosive flash powder when mixed with aluminum powder.
The barium nitrate finds its applications in pyrotechnics/fireworks, glass manufacturing, ceramic powder, detonators, tracer bullets, and vacuum tube production, among others. The global barium nitrate market is mainly driven by its growing use in the manufacturing of explosives used in defense and military industry. The increasing demand for the compound in electrical and electronics industries in manufacturing semiconductors, superconductors, and capacitors is anticipated to favor the market growth during the years to follow. Moreover, the growing demand for the product in manufacturing various types of glass such as optical, art, and crystal glass is likely to further fuel the market growth during the forecast period. However, there are some restraining factors operating in this market which are needed to be taken under consideration are the highly toxic nature of the product, which can be absorbed by aquatic animals due to its water-soluble nature and can eventually enter the food chain and its harmful effects on human health due to indigestion.
The global barium nitrate market is segmented into five major regions North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is the leading the global barium nitrate market owing to the high production of barium nitrate in this region. The growing demand for barium nitrate to create a powerful defense and increasing military ammunitions is anticipated to boost the market growth in coming years. The U.S accounts for major share of the regional market closely followed by Canada.
Following North America, Europe is another region fuelling the global market growth due to the heavy investments in the defense sector. Russia is the major contributor to this regional market on account of the high production of various types of explosives used in military and defense.
The Asia Pacific is projected to be the fastest growing region in the global barium nitrate market. China, India, and Japan are the major countries contributing to market growth due to the rising demand for fireworks, pyrotechnics, and electronics in this region. Currently, China is a major manufacturer and exporter of fireworks across the globe, which is primarily driving the market growth in this region.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Barium Nitrate Market
5 Industry Overview Of Global Barium Nitrate Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
LIST OF TABLES
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Barium Nitrate Market: By Region, 2016-2023
Table 3 North America Barium Nitrate Market: By Country, 2016-2023
Table 4 Europe Barium Nitrate Market: By Country, 2016-2023
Table 5 Asia-Pacific Barium Nitrate Market: By Country, 2016-2023
Table 6 Middle East & Africa Barium Nitrate Market: By Country, 2016-2023
Table 7 Latin America Barium Nitrate Market: By Country, 2016-2023
Table 8 Global Barium Nitrate By Application Market: By Regions, 2016-2023
Table 9 North America Barium Nitrate By Application Market: By Country, 2016-2023
Table 10 Europe Barium Nitrate By Application Market: By Country, 2016-2023
LIST OF FIGURES
FIGURE 1 Global Barium Nitrate Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Barium Nitrate Market
FIGURE 4 Value Chain Of Global Barium Nitrate Market
FIGURE 5 Share Of Global Barium Nitrate Market In 2016, By Country (In %)
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