황산바륨 시장 예측(-2030년) : 유형, 형태, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Barium Sulphate Market is accounted for $1537.7 million in 2024 and is expected to reach $2333.80 million by 2030 growing at a CAGR of 7.2% during the forecast period. Barium sulphate is a white, odourless inorganic compound with the chemical formula BaSO4. It is composed of barium, sulphur, and oxygen and is known for its high density and insolubility in water. Commonly used as a radiopaque agent in medical imaging, particularly in X-rays and CT scans, it helps enhance contrast in gastrointestinal studies.

Market Dynamics:

Driver:

Growing demand in oil and gas industry

The growing demand in the oil and gas industry for its high density and insolubility, is widely used as a weighting agent in oil well drilling. It helps control pressure, stabilize boreholes, and prevent blowouts, ensuring safer and more efficient drilling operations. As exploration and production activities increase globally, particularly in offshore and unconventional drilling, the demand for barium sulphate continues to rise, driving market growth.

Restraint:

Health and environmental concerns

Health and environmental concerns about barium sulphate, itself is considered non-toxic, its association with other barium compounds, which can be harmful, leads to stricter oversight. Concerns about environmental contamination during mining and production also push for safer alternatives. Moreover, industries like coatings and plastics face increasing pressure to adopt more sustainable, eco-friendly materials, reducing demand for traditional barium sulphate-based products. These factors create obstacles to market growth.

Opportunity:

Innovations in production techniques

Innovations in production techniques and advanced methods, such as nanotechnology, improve particle size control, enhancing its use in high-performance coatings, plastics, and medical applications. Additionally, greener production processes reduce environmental impact, meeting rising regulatory standards and consumer demand for eco-friendly products. These innovations also streamline manufacturing processes, lowering costs and expanding applications across industries like paints, pharmaceuticals, and oil drilling, driving the market's growth.

Threat:

Competition from established players

Competition from established players benefit from economies of scale, strong distribution networks, and established customer relationships, making it difficult for newcomers to compete on pricing, quality, and innovation. Additionally, established firms often have greater resources for research and development, allowing them to continuously improve their product offerings. This competitive landscape limits market share growth for smaller or emerging companies, stifling innovation and creating challenges for new entrants.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the barium sulphate market by disrupting supply chains and halting production activities due to lockdowns and restrictions. Industries such as oil and gas, automotive, and construction, key consumers of barium sulphate, faced reduced demand amid economic slowdowns. However, the pharmaceutical sector's reliance on barium sulphate for medical imaging applications remained relatively stable. As markets gradually recover, the demand for barium sulphate is expected to rebound, driven by increasing industrial activities and infrastructure development.

The granules segment is expected to be the largest during the forecast period

The granules segment is estimated to have a lucrative growth, due to its wide usage in various industries. Granular barium sulphate is favoured in applications like plastics, paints, coatings, and rubber due to its excellent dispensability, ability to improve durability, and enhance the surface finish. In the medical field, barium sulphate granules are used in X-ray imaging and diagnostics. The demand for high-quality granules in these sectors, especially in automotive and construction, drives market growth by ensuring consistent material performance across industries.

The cosmetics industry segment is expected to have the highest CAGR during the forecast period

The cosmetics industry segment is anticipated to witness the highest CAGR growth during the forecast period, due to white pigment and filler in products. Barium sulphate enhances the smooth texture, provides opacity, and improves the overall product finish. Its inert and non-toxic properties make it suitable for sensitive skin applications. With the growing demand for high-quality cosmetics and skincare products, particularly in regions like North America, Europe, and Asia-Pacific, the consumption of barium sulphate in this sector is rising, driving market growth further.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to increasing demand from various sectors, including paints, coatings, plastics, and cosmetics. The rapid industrialization and urbanization in countries like China, India, and Japan are driving the need for barium sulphate as a pigment and filler. Additionally, the region's expanding automotive and construction industries contribute to its consumption. The trend towards high-quality, environmental friendly products, further boosts the demand for barium sulphate, as it offers excellent properties such as opacity, brightness, and chemical stability.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to extensive applications across various industries, including paints, coatings, plastics, and cosmetics. The demand for high-performance pigments and fillers in automotive and industrial coatings is a major contributor, as barium sulphate and provides opacity. Additionally, the expanding healthcare sector utilizes barium sulphate in medical imaging procedures, further boosting market demand. Increasing investments in infrastructure development and manufacturing also play a pivotal role, positioning North America as a key player in the global barium sulphate market.

Key players in the market

Some of the key players profiled in the Barium Sulphate Market include Barium & Chemicals, Inc., BASF SE, Solvay S.A., Kronos Worldwide, Inc., Shenzhen Jinhe Industrial Co.,Ltd., Hubei Chuangxin Technology Co.,Ltd., Huntsman Corporation, Ferro Corporation, BariteWorld, Mineral Technologies, Inc., Schlumberger Limited, Vandana Global Limited, Barium Sulfate Corp., Kuwait Pesticides and Chemicals Co. (KPCC), Wengfu Group Co., Ltd., Anglo Pacific Minerals, Inc., Lianyungang Dongfang Chemical Co., Ltd., Shijiazhuang Huaning Chemical Co., Ltd., Sichuan Xingsheng New Material Co., Ltd. and Tata Chemicals Limited.

Key Developments:

In April 2024, BASF and Novozymes announced a partnership to develop enzyme-based solutions for sustainable agriculture. The collaboration focuses on improving crop yields while reducing environmental impact.

In February 2024, BASF launched a new line of biodegradable polyurethane coatings aimed at the automotive and furniture industries, promoting sustainability in coatings technology. This innovative product line addresses the growing demand for eco-friendly materials by offering coatings that can decompose naturally after their lifecycle, reducing environmental impact.

Types Covered:

• Ordinary Precipitated Barium Sulphate
• Modified Barium Sulphate
• Nanometre Precipitated Barium Sulphate
• Other Types

Forms Covered:

• Powder
• Granules
• Suspensions

End Users Covered:

• Paint and Coating Manufacturers
• Plastic Manufacturers
• Rubber Manufacturers
• Pharmaceutical Companies
• Cosmetics Industry
• Paper and Pulp Industry
• Oil and Gas Industry
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Barium Sulphate Market, By Type

• 5.1 Introduction
• 5.2 Ordinary Precipitated Barium Sulfate
• 5.3 Modified Barium Sulfate
• 5.4 Nanometer Precipitated Barium Sulfate
• 5.5 Other Types

6 Global Barium Sulphate Market, By Form

• 6.1 Introduction
• 6.2 Powder
• 6.3 Granules
• 6.4 Suspensions

7 Global Barium Sulphate Market, By End User

• 7.1 Introduction
• 7.2 Paint and Coating Manufacturers
• 7.3 Plastic Manufacturers
• 7.4 Rubber Manufacturers
• 7.5 Pharmaceutical Companies
• 7.6 Cosmetics Industry
• 7.7 Paper and Pulp Industry
• 7.8 Oil and Gas Industry
• 7.9 Other End Users

8 Global Barium Sulphate Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Barium & Chemicals, Inc.
• 10.2 BASF SE
• 10.3 Solvay S.A.
• 10.4 Kronos Worldwide, Inc.
• 10.5 Shenzhen Jinhe Industrial Co., Ltd.
• 10.6 Hubei Chuangxin Technology Co., Ltd.
• 10.7 Huntsman Corporation
• 10.8 Ferro Corporation
• 10.9 BariteWorld
• 10.10 Mineral Technologies, Inc.
• 10.11 Schlumberger Limited
• 10.12 Vandana Global Limited
• 10.13 Barium Sulfate Corp.
• 10.14 Kuwait Pesticides and Chemicals Co. (KPCC)
• 10.15 Wengfu Group Co., Ltd.
• 10.16 Anglo Pacific Minerals, Inc.
• 10.17 Lianyungang Dongfang Chemical Co., Ltd.
• 10.18 Shijiazhuang Huaning Chemical Co., Ltd.
• 10.19 Sichuan Xingsheng New Material Co., Ltd.
• 10.20 Tata Chemicals Limited