Precipitated barium sulfate is a type of functional filler, which is widely utilized as a pigment extender in surface coating materials, and in the glass and rubber industries.
Global precipitated barium Sulfate market was valued at 464.95 Million US$ in 2018 and is projected to reach 533.54 Million US$ by 2024, at a CAGR of 2.32% during the forecast period.
The growth of the market is majorly attributed to the rapid development of the battery industry of household car and electric vehicle, as well as the growing demand from small- and medium-scale enterprises in developing countries.
The China market is expected to grow at the highest CAGR between 2016 and 2022. China is expected to be the next largest consumer of the barium Sulfate market. Increase in the industrial growth coupled with the civil constructions in China is expected to boost the consumption of barium Sulfate in Asia Pacific. The growing automobile industry in Asia Pacific is expected to boost the overall demand for paints and coating which in turn is expected to drive the growth of the barium Sulfate market in this region.
Precipitated barium Sulfate mainly has three types: ordinary precipitated barium sulphate, modified barium sulphate and nanometer precipitated barium sulphate. Ordinary precipitated barium sulphate usually used in rubber and plastic industry, its grain size less than 10µm. Modified barium sulphate usually used in coating, rubber and plastic industry, Its grain size less than 1.2µm. Nanometer precipitated barium sulphate used in coating and printing industry, Its grain size less than 0.3µm.
Key players in global precipitated barium sulfate market include: Cimbar, Barium & Chemicals, Solvay, Jiaxin Chem, Fuhua Chem, Huntsman, Nafine, Xinji Chemical, Nippon Chemical Industry, Onmillion Nano Material etc.