Barium Hydroxide Market-Global Industry Analysis,Size,Share,Growth,Trends,and Fo

Posted by Jayashri Tryambak Bhadane on September 23rd, 2019

Barium Hydroxide Market: Introduction

Barium hydroxide is also known as baryta and baryta-water. Barium hydroxide is prepared by dissolving barium oxide in water. It crystallizes into barium hydroxide octahydrate. It is generally used in analytical chemistry for titration of weak organic acids. Barium hydroxide is used in organic chemistry as a strong base. It exhibits neutralization with acids such as sulfuric acid, hydrochloric acid, and phosphoric acid.

Barium hydroxide can effectively carry out hydrolysis of esters and nitrile compounds. It is used as a plastic additive to manufacture phenolic resins. Barium hydroxide is used as a stabilizer in the PVC plastic production to enhance plastic property. Barium hydroxide monohydrate is used to remove sulfate from several products. Barium hydroxide is used in the petroleum industry for the production of barium grease.

Barium hydroxide is widely used to manufacture oil additives. It is used in refining and filtration of animal oils and vegetable oils. It is also used as a boiler cleaner in the sugar industry. Barium hydroxide is used in the manufacture of other barium chemicals such as barium carbonate, barium sulfate, and barium nitrate. Of these, barium sulfate is extensively used in the production of drilling fluids used in the oil & gas industry. Increase in the demand for barium chemicals is anticipated to augment the barium hydroxide market during the forecast period. Nevertheless, high toxicity and health hazards associated with barium hydroxide are likely to hamper the demand for barium hydroxide during the forecast period.

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Global Barium Hydroxide Market: Segmentation

Based on type, the global barium hydroxide market can be categorized into barium hydroxide monohydrate and barium hydroxide octahydrate. The barium hydroxide octahydrate segment is expected to hold a prominent share of the global barium hydroxide market during the forecast period. Barium hydroxide octahydrate is suitable for use in the production oil additives and engine lubricants. Strong bond formation between octahydrate compounds is a key factor likely to augment the demand for barium hydroxide in the near future. In terms of end-user industry, the global barium hydroxide market can be divided into chemical, rubber, oil & gas, food, glass, paper & pulp, and others.

Chemical is expected to remain the dominant end-user industry segment during the forecast period. Barium hydroxide acts as an effective acid-neutralizing agent. It is also used in the production of barium derivatives. These derivatives are employed in various end-user industries such as petroleum, paint & coatings, and ceramics. Rise in the demand for acid-neutralizing agents and barium derivatives is a major factor expected to propel the global barium hydroxide market during the forecast period.

Global Barium Hydroxide Market: Region-wise Outlook

Based on region, the global barium market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to constitute a significant share of the global barium hydroxide market in the near future. Developing economies such as China and India are projected to witness high demand for barium hydroxide in the near future. China has prominent presence of end-user industries such as glass, paper, and rubber, wherein barium hydroxide is largely used as a raw material. This factor is expected to fuel the demand of barium hydroxide in Asia Pacific during the forecast period. The barium hydroxide market in North America is projected to register a moderate growth rate during the forecast period.

The U.S. has several barite ore reserves across the country. In the U.S., barium is used along with barium hydroxide, as an effective raw material. These raw materials are employed in the manufacture of ceramics, bricks, and photographic films. This factor is anticipated to propel the demand for barium hydroxide in North America during the forecast period. The barium hydroxide market in Europe is projected to register a modest growth rate during the forecast period. The market in Latin America and Middle East & Africa is expected to expand at a sluggish pace during the forecast period

Global Barium Hydroxide Market: Key Players

A large number of companies operate in the global barium hydroxide market. Prominent manufacturers of barium hydroxide are Nippon Chemicals, VB Technolchemicals SA, BassTech International, SOLVAY, Barium India, ALPHA CHEMIKA, Yingfengyuan Industrial, Shandong Xinke, Shanxi Jiacheng Tianlong Chemical Industry, Shenzhou Jiaxin Chemical Co Ltd, Fengda Chemicals, and Barium India.