Barium Petroleum Sulfonate Market - Global Industry Report, 2030

Posted by aartimule on January 21st, 2021

Barium Petroleum Sulfonate: Introduction

• Barium petroleum sulfonate is used for formulations that require a high level of non-staining rust protection. It is primarily employed as a surfactant and rust preventing agent. It serves as a corrosion inhibitor in mill oils and as an additive agent for metalworking fluids and engine oil.
• Barium petroleum sulfonate plays a vital role in hydrocarbon drilling fluids. It is used to increase the fluid density of drilling fluid. Barium petroleum sulfonate is also a widely preferred paper brightener, demulsifying agent, and wetting agent for hydraulic fluids and slushing oils.
• Barium petroleum sulfonate is also used in soil testing, metal casting, brake linings, root canal fillings, and powder coatings

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Key Drivers of Barium Petroleum Sulfonate Market

• Rise in demand for energy is likely to boost hydrocarbon exploration and drilling activities in the near future
• Barium petroleum sulfonate is used as detergent in fuel additives. It is also employed in metalworking fluids. Barium petroleum sulfonate offers higher oil dissolvability, resistance for water displacement and moisture, protection of non-ferrous metals from corrosion, and stability under varying environments. Increase in demand for metalworking fluids is expected to drive the demand for barium petroleum sulfonate in the next few years.
• Demand for specialty lubricants is estimated to increase during the forecast period due to rapid industrialization in emerging economies, rise in construction activities, and the subsequent growth in demand for highly advanced equipment. Rise in consumption of specialty lubricants is estimated to propel the demand for barium petroleum sulfonate during the forecast period.
• Increase in environmental concerns pertaining to disposal of drilling fluid and rise in stringent regulations related to usage of drilling fluids are projected to hamper the demand for barium petroleum sulfonate during the forecast period

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Covid-19 Impact on Barium Petroleum Sulfonate Market

• The global barium petroleum sulfonate market is likely to suffer substantially post the coronavirus pandemic owing to the contraction of end-use industries
• The global spread of the COVID-19 has substantially disrupted supply chains in the global barium petroleum sulfonate market. Low production rates, stockpiled inventory issues, and decreased labor availability are projected to be significant supply-side factors that are anticipated to hamper the barium petroleum sulfonate market in the near future

Barium Petroleum Sulfonate Market: Application Segments

• Based on application, the global barium petroleum sulfonate market can be divided into corrosion inhibitors, rust preventatives, coatings & greases, slushing oils, hydraulic fluids, and others
• Demand for barium petroleum sulfonate is expected to be high in rust prevention applications in the near future, since it provides high protection from dampness and saltwater spray test

North America to be Key Region of Global Barium Petroleum Sulfonate

• In terms of region, the global barium petroleum sulfonate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America is estimated to contribute higher demand for barium petroleum sulfonate than other regions during the forecast period, due to surge in drilling activities in the region
• Expansion of the metalworking industry in Asia Pacific is likely to provide significant opportunities for the barium petroleum sulfonate in the region in the near future

Key Manufacturers Operating in Market

The global barium petroleum sulfonate market was fragmented in 2019. Key manufacturers operating in the global market include:

• MORESCO Corporation
• Ganesh Benzoplast Limited
• Wilterng Chemicals Ltd
• Eastern Petroleum Pvt. Ltd.
• King Industries, Inc.
• Unicorn Petroleum Industries Private Limited
• LANXESS
• Eastern Petroleum Pvt. Ltd.

Global Barium Petroleum Sulfonate Market: Research Scope

Global Barium Petroleum Sulfonate Market, by Application

• Corrosion Inhibitors
• Rust Preventatives
• Coatings & Greases
• Slushing Oils
• Hydraulic Fluids
• Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.