Barium Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

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Barium Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019 Barium is an alkali earth metal with high chemical reactivity. Barium has different derivatives which include barium sulfate, barium oxide, barium chloride and barium carbonate, barium nitrate and barium titanate. Barium and its derivatives has applications which include metal alloys, as a drilling fluid in oil wells, paints and varnishes, inks, plastics, vacuum tubes and rubbers. Increase in demand of alloys from various applications is anticipated to drive the market. Its alloy is used bearing, creep resistant applications, and additives in steel and high grade steel deoxidizers. Demand of alloys is increasing owing to its use in automobile industries for manufacturing of various parts. Barium derivatives have applications in paints and varnishes which are expected to fuel the market owing to demand from automobile as well as construction industry. However, difficulty in using barium owing to its high reactivity is expected to hamper the market growth. Technological advances in nanotechnology will provide opportunities to develop barium nanoparticles which improve the properties of some polymers. Coating industry and X-ray imaging is expected to provide opportunity for barium market in near future. North America was the largest consumer of the barium and is expected to remain dominant during the forecast period. Increasing demand from automobiles and steel industry in this region is expected to drive the market. North America was followed by Asia Pacific region, where demand for automobiles and coatings industry is anticipated to drive the market. Increased civil construction activities and industrial growth in China is fueling the market in this region. Key players in this market include Lanxi Daming Chemical, Zigong Gold Way International Ltd., Shandong Xinke Environmental Chemistry Co., NaFine Group, Reagent Wuchang Shenyang, Ningyang Huali Chemical Co. Ltd.,...