Barium Carbonate Market Size (2024 - 2029)

Barium Carbonate Market Analysis

The Barium Carbonate Market is projected to register a CAGR of over 7.5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Considering the pandemic scenario, construction activities were temporarily halted during the government-imposed lockdown. Thus, this led to a decrease in the consumption of barium carbonate, which was used to produce tiles, matt glazes, bricks, and other components in the construction sector, thereby witnessing a declining market growth rate. However, the condition recovered in 2021, which was expected to benefit the market during the forecast period.

• Over the short term, the growing application of barium carbonate in the ceramic and construction industries is expected to drive the market's growth.
• However, the toxic nature of barium carbonate and stringent regulations implemented by several governments in developed countries on the usage of barium carbonate are likely to hinder the growth of the studied market.
• The research and development on the application of barium carbonate to separate and purify Cesium-131 for radiation therapy will likely provide opportunities for the barium carbonate market over the forecast period.
• The Asia-Pacific region dominates the barium carbonate market, owing to growing application in the construction and ceramic sectors in the countries like China, India, and others.

Barium Carbonate Industry Segmentation

Barium carbonate is a white solid inorganic compound with the chemical formula BaCO3. It can be manufactured through the soda ash process in which an aqueous solution of barium sulfide is treated with sodium carbonate to get barium carbonate as a major product. 

The Barium Carbonate Market is segmented by product, application, end-user industry, and geography. By product, the market is segmented into granular, powder, ultrafine, and other products. By application, the market is segmented into bricks and tiles, specialty glass, glazes, electro ceramic, enamel, and other applications. By end-user industry, the market is segmented into construction, oil and gas, ceramic, electrical and electronics, and other end-user industries. The report also covers the market size and forecasts for the barium carbonate market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).