The global barium hydroxide market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period. Increasing use of barium hydroxide in the plastic and textile industry, such as rayon and resin stabilization due to catalytic attributes, is a key factor driving market revenue growth. In addition, adoption of barium hydroxide in the healthcare industry pertaining to X-ray diagnostic technology is also driving revenue growth of the market.
Barium hydroxide, denoted as Ba(OH)2, is a main compound of element barium and is often known as baryta water. Major ore of this substance is known as baryte, which consist of barium sulfate. Commercially, it is produced by dissolution of barium oxide in water in a vacuum chamber. Granular anhydrous white powder form is available in the market for industrial purposes. In addition, when obtained in its octahydrate form, it is heated up to 78°C to obtain monohydrate version. Major application of this substance is in lubricants and greases, wherein it acts as an additive to be used for internal combustible engine in various forms of transportation vehicles.
Top Companies Operating in the Global Barium Hydroxide Market:
- Solvay S.A. (Belgium)
- Nippon Chemical Industrial Co., Ltd. (Japan)
- Mudanjiang Fengda Chemical Industry Import Export Co., Ltd. (China)
- Basstech International LLC. (U.S.)
- Chaitanya Chemicals Pvt. Ltd. (India)
- Tianlong Chemicals Co., Ltd. (China)
- Sigma-Aldrich (U.S.)
- Yingfengyuan Industrial Group Ltd. (China)
- Sakai Chemical Industry Co., Ltd. (Japan)
- Zaozhuang Yongli Chemical Co., Ltd. (China)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
With the growing transportation industry, there is a rising need for lubrication in internal components of vehicles. This chemical, in its anhydrous version, prepares oil additives to be used in lubrication. This white grain, such as compound, is utilized in oil refining by alkaline process and forms lubrication for combustion engine in vehicles. For instance, with newer variants of internal combustion engines being innovated, Omega 1 engine by Astron Aerospace (U.S.) produces less emissions and requirement of potent greasing solutions is increasing in this industry. As a result, its role in transportation engine innovation is driving market revenue growth.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Barium Hydroxide market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Barium Hydroxide market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Barium Hydroxide market key players
3.2 Global Barium Hydroxide size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Barium Hydroxide market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Barium Hydroxide Market Segmentation
Type (Revenue, USD Million; 2019-2030)
- Barium Hydroxide Monohydrate
- Barium Hydroxide Octahydrate
Application/End Use Outlook (Revenue, USD Million; 2019-2030)
- Greases Lubricants Additives
- Plastic Textiles
- Glass
- Water Treatment
- Pharmaceuticals
- Others
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