Barium Nitrate Market | Application Analysis, Regional Outlook Trend - 2022

Barium Nitrate

The global barium nitrate market was valued at $2,368.3 million in 2015, and it is expected to grow at a CAGR of 5.51% during 2016 - 2022. The factors driving the growth of the global market include growing demand from the fireworks/pyrotechnics industry along with their increasing use in military applications across the globe.

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The key trend witnessed in the global barium nitrate market includes continuous and stable demand for the barium nitrate products from the fireworks/pyrotechnics industry which is expected to keep the market healthy in the coming years. Barium nitrate is an important intermediate chemical for the pyrotechnic industry. It is also used to as an oxidizer to make green fireworks.

Barium Nitrate can also be used as an oxidizer in glass manufacturing process to avoid spontaneous crystallization during the process, as barium nitrate serves in improving homogeneity & opacity in porcelain-enamels and as an ingredient in optical glasses.

In 2015, Asia-pacific held the largest share (39.25%) in the global barium nitrate market. Asia-Pacific is expected to be the largest market because of the increasing demand from fireworks/pyrotechnics segment and growth in electronic industry.

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Some of the major companies operating in the global barium nitrate market include Angene International Limited, Basstech International Llc, Hebei Xinji Chemical Group Co Ltd, Hummel Croton Inc., Jiaocheng Sanxi Chemical Co., Ltd., Sakai Chemical Industry Co. Ltd., SNDB, Solvay, Tennants Distribution Ltd, and Xilan Chemicals Co. Ltd.

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