The global barium sulphate market is anticipated to grow to an estimated US$ 2,242.7 Mn in 2032 while exhibiting a standard CAGR of 4.9% over the forecast period of 2022 to 2032. Rising from an expected value of US$ 1,390.0 Mn in 2022, the barium sulphate market is likely to be driven by elevated demand for coatings and paintings. The demand for barium sulphate is further accelerated by the increasing application of lubricants.

An inorganic compound, barium sulphate is a white crystalline solid that is odorless and insoluble in water. It acts as a function filler and is superfine in nature while exhibiting a low absorption threshold. Owing to its inherent properties, there’s a notably high demand for barium sulphate in the pharmaceutical industry.

This is due to the increasing application of polypropylene and polystyrene in pharmaceutical packaging materials. Pharmaceutical-grade barium sulphate is also used in a variety of diagnostic equipment which compounds the overall sales of barium sulphate.

Barium sulphate is generally used in crucial industries like rubber, plastic, leather, paper, paints, and coatings. With a growing demand for non-toxic products from these industries, a rise in the sales of non-toxic barium sulphate is likely to occur. 

“Increasing demand from the paints and coatings industry coupled with rising lubricant application is expected to bolster the sales of barium sulphate over the forecast period,” says an FMI analyst. 

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Competitive Landscape 

Dongfeng Chemical, ValourImpex, Shaanxi Fuhua Chemical, SachtlebenChemie, XinJiXibo, Xuri Group, ShenzhouJiaxin Chemical, and Nippon, among others, are some of the major players in the barium sulphate market that are profiled in the full version of the report.

In a highly competitive market, major players are keen on acquiring a portion of the market share by operating across several regions and at different levels. These organizations are also increasing their research and development investments.

More Insights into the Barium Sulphate Market Report

In its latest report, FMI offers an unbiased analysis of the global barium sulphate market, providing historical data from 2016 to 2021 and forecast statistics for 2021 to 2031.

To understand the global market potential, growth, and capacity, the market is segmented based on type (ordinary precipitated barium sulphate, modified barium sulphate, nanometer precipitated barium sulphate, other barium sulphate types), end use (barium sulphate for coating industry, barium sulphate for pharmaceuticals industry, barium sulphate for rubber industry, barium sulphate for plastic industry, barium sulphate for other end-use industries), and region.

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