Market Overview:
The global high purity barium nitrate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for barium nitrate in various applications such as chemical, glass industry, fireworks industry and others. In terms of type, the powder segment is expected to hold a major share of the global high purity barium nitrate market during the forecast period. This can be attributed to its properties such as good solubility and low moisture content which make it suitable for use in various applications.
Product Definition:
High Purity Barium Nitrate is a white crystalline powder that is used in the production of fireworks, flares, and other pyrotechnic devices. It is also used as a catalyst in some chemical processes.
Powder:
Powder is a fine, dry, and tasteless mixture of highly oxidizing agents. It can be used as an explosive or non-explosive based on the intended use. In its pure form it consists of potassium nitrate (KNO3) which has a pungent odor similar to gunpowder when heated.
Granule:
Granule is a small pellet of high purity barium nitrate. It is used as an input material in the production of other explosives such as cyclotrons anddetonators. Granules are made from pure, stable, and reliable materials which makes them suitable for use in nuclear devices along with military applications.
It has played a crucial role in several conflicts including the Vietnam War where it was extensively used by U.S.
Application Insights:
High purity barium nitrate is used in the manufacturing of chemical compounds, glass industry, fireworks industry and others. In terms of volume, chemical application dominated the global market with a share of over 45% in 2017. The compound is used as an oxidizing agent for preparing solutions that are utilized in various industrial processes such as paper bleaching and textile dying. It has high purity grades which are utilized by major companies for producing chemicals on a large scale which can be sold abroad at competitive prices thus generating revenue for economies involved.
The firework application segment is expected to witness significant growth over the forecast period owing to its rising use as an explosive ingredient in various types of fireworks including crackers, carnivals and torpedoes among others creating sounds & colors that attract people from all walks of life worldwide since ancient times till date!.
Regional Analysis:
Asia Pacific was the largest market for high purity barium nitrate with a revenue share of over 60% in 2017. The region is expected to continue its dominance over the forecast period owing to growing chemical manufacturing industry and firework manufacturing industry in China, India, Japan, South Korea and Taiwan. In addition, increasing investments by foreign players such as Umicore in India is anticipated to propel product demand from chemical applications.
North America accounted for a significant share of global barium nitrate market due to presence of major manufacturers such as Cargill Inc., USG Corporation and ITW Dynatec Corporation that use high purity barium nitrate for producing various chemicals including polymers like polyvinylchloride (PVC) and others. However; stringent government regulations regarding production & usage of fireworks are expected to hamper growth during the forecast period.
Growth Factors:
- Increasing demand from the electronics and semiconductor industry for high purity barium nitrate as a fluxing agent in the production of semiconductors and other electronic components.
- Growing demand for barium nitrate in the manufacture of pyrotechnic compositions, flares, and fireworks due to its properties such as high thermal stability, low ignition temperature, and good flame propagation.
- Rising use of barium nitrate in medical applications such as X-ray contrast media, radiotherapy dosimetry calibration standards, and PET tracers.
- Increasing adoption of barium nitrate by researchers for various laboratory applications including spectroscopy, chromatography, and analytical chemistry due to its unique chemical properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Barium Nitrate Market Research Report
By Type
Powder, Granule
By Application
Chemical, Glass Industry, Fireworks Industry, Others
By Companies
Nippon Chemical Industrial Co.,Ltd., Nitroparis SL, SINOY GROUP LIMITED, Hebei Xinji Chemical Group, Hebei Suoyi New Material Technology, Qingdao Hongdie, Shenyu Energy (Shandong) Development Co. Ltd, Nippon Chemical Industrial Co.,Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Barium Nitrate Market Report Segments:
The global High Purity Barium Nitrate market is segmented on the basis of:
Types
Powder, Granule
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical, Glass Industry, Fireworks Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nippon Chemical Industrial Co.,Ltd.
- Nitroparis SL
- SINOY GROUP LIMITED
- Hebei Xinji Chemical Group
- Hebei Suoyi New Material Technology
- Qingdao Hongdie
- Shenyu Energy (Shandong) Development Co. Ltd
- Nippon Chemical Industrial Co.,Ltd.
Highlights of The High Purity Barium Nitrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder
- Granule
- By Application:
- Chemical
- Glass Industry
- Fireworks Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Purity Barium Nitrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High Purity Barium Nitrate is a white, crystalline powder that is used in the production of explosives and propellants. It is also used as a food additive and fertilizer.
Some of the key players operating in the high purity barium nitrate market are Nippon Chemical Industrial Co.,Ltd., Nitroparis SL, SINOY GROUP LIMITED, Hebei Xinji Chemical Group, Hebei Suoyi New Material Technology, Qingdao Hongdie, Shenyu Energy (Shandong) Development Co. Ltd, Nippon Chemical Industrial Co.,Ltd..
The high purity barium nitrate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Barium Nitrate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Barium Nitrate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Barium Nitrate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Barium Nitrate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Barium Nitrate Market Size & Forecast, 2018-2028
4.5.1 High Purity Barium Nitrate Market Size and Y-o-Y Growth
4.5.2 High Purity Barium Nitrate Market Absolute $ Opportunity
Chapter 5 Global High Purity Barium Nitrate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Purity Barium Nitrate Market Size Forecast by Type
5.2.1 Powder
5.2.2 Granule
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity Barium Nitrate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Purity Barium Nitrate Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Glass Industry
6.2.3 Fireworks Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity Barium Nitrate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Barium Nitrate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Purity Barium Nitrate Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Barium Nitrate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Purity Barium Nitrate Market Size Forecast by Type
9.6.1 Powder
9.6.2 Granule
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Purity Barium Nitrate Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Glass Industry
9.10.3 Fireworks Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Purity Barium Nitrate Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Barium Nitrate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Purity Barium Nitrate Market Size Forecast by Type
10.6.1 Powder
10.6.2 Granule
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Purity Barium Nitrate Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Glass Industry
10.10.3 Fireworks Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Purity Barium Nitrate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Barium Nitrate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Purity Barium Nitrate Market Size Forecast by Type
11.6.1 Powder
11.6.2 Granule
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Purity Barium Nitrate Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Glass Industry
11.10.3 Fireworks Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Purity Barium Nitrate Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Barium Nitrate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Purity Barium Nitrate Market Size Forecast by Type
12.6.1 Powder
12.6.2 Granule
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Purity Barium Nitrate Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Glass Industry
12.10.3 Fireworks Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Purity Barium Nitrate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Barium Nitrate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Purity Barium Nitrate Market Size Forecast by Type
13.6.1 Powder
13.6.2 Granule
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Purity Barium Nitrate Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Glass Industry
13.10.3 Fireworks Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Purity Barium Nitrate Market: Competitive Dashboard
14.2 Global High Purity Barium Nitrate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Chemical Industrial Co.,Ltd.
14.3.2 Nitroparis SL
14.3.3 SINOY GROUP LIMITED
14.3.4 Hebei Xinji Chemical Group
14.3.5 Hebei Suoyi New Material Technology
14.3.6 Qingdao Hongdie
14.3.7 Shenyu Energy (Shandong) Development Co. Ltd
14.3.8 Nippon Chemical Industrial Co.,Ltd.
