Barium Nitrate Market - 2023

Global Lithium Mining Market Research Report: Forecast to 2023

Barium Nitrate Market Research Report -Forecast to 2023

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Copyright © 2017 Market Research Future.

Global Barium Nitrate Market Research Report: Forecast to 2023

Worldwide Lithium Mining Market Overview to 2023: Barium Nitrate Market Research Report Is Projected to Grow at Whooping CAGR From 2019 To 2023. Barium nitrate is an inorganic salt of barium and nitrate ions. It is a colorless, odorless, and watersoluble solid compound. Barium nitrate is an oxidizing agent, which releases oxygen, barium oxide, and nitrogen dioxide when heated up to a temperature of 500-700ºC. The product occurs naturally in nitro barite and can be manufactured by two processes. The first process involves the reaction of barium carbonate with a nitric acid and then precipitating, evaporating, and filtering iron impurities. The second way to produce the compound is to heat sodium nitrate solution with barium chloride which results in barium nitrate crystals. It forms Thermate- TH3, military thermite grenades when mixed with thermite.

When mixed with aluminum and zinc, it forms a flash powder, which is highly explosive. It is used as an oxidizer to produce fireworks and flares, especially green colored.

The global barium nitrate market is primarily driven by growing demand from major applications such as pyrotechnics/fireworks, glass manufacturing, ceramics, tracer bullets, detonators, and vacuum tube production, among others. The higher demand for fireworks during different festivities and occasions increasing the consumption of barium nitrate. Additionally, the increasing demand for manufacturing destructive explosives for hand grenades from military and defense sector is the major factor positively influencing the market growth of barium nitrate. The use of barium nitrate in manufacturing of optical fiber is witnessing a significant growth due to the various beneficial properties it confers to end product such as improved refractive index, high quality, and low thermal expansion. The growing demand for barium nitrate in ceramic powder to produce capacitors, semiconductors, and superconductors is expected to bolster the global market growth further. However, being a water-soluble compound, it can be absorbed by marine and aquatic animals, which adversely affects the aquatic food chain. The compound is highly toxic and causes skin and eye irritation, stomach flu, and others if ingested. This is anticipated to restrain the growth of the market during the assessment period.

Key Players: Basstech International (U.S), Solvay (Belgium), SAKAI CHEMICAL INDUSTRIES CO., LTD (JAPAN), Mil-Spec Industries Corp. (New York), Spectrum Chemical Manufacturing Corp. (U.S), Pro Chem, Inc. (Georgia), GFS Chemicals, Inc. (U.S), Aldon Chemicals (U.S), Barium & Chemicals, Inc (U.S), All-Chemie, Ltd. (U.S), Divjyot Chemicals Private Limited (India), Qingdao Jiaozi International Trade Co., Ltd (China), Hongkong Sheng Shi Jiao Zi Industrial Co., Ltd (China), Merck KGaA (Germany), and Jiaocheng Sanxi Chemical Co., Ltd (China).

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Segmentation

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The global barium nitrate market is segmented on the basis of its application and region.

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Based on the application, the global market is segmented into explosives, glass manufacturing, ceramics, fireworks/pyrotechnics, tracer bullets, detonators, vacuum tube production, other barium compounds production, and others. The explosives segment holds a major share of the market due to the heavy military strengths in developed economies.

Intended Audience

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Barium nitrate Manufacturers

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Traders and distributors of barium nitrate

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Research and development institutes

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Potential investors

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Raw material suppliers

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Nationalized laboratory

Copyright © 2017 Market Research Future.

Global Lithium Mining Market Research Report: Forecast to 2023

Page|4

Copyright © 2017 Market Research Future.

Global Lithium Mining Market Research Report: Forecast to 2023

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Copyright © 2017 Market Research Future.