In a recent published report, Kenneth Research has updated the market report for Barium Nitrate Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Barium Nitrate Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global barium nitrate market is estimated to reach $3,923 million by 2024; growing at a CAGR of 5.9% from 2016 to 2024. Barium nitrate are labelled as the salts of barium & nitrate ions. They are colorless crystals. They are soluble in water and occur as a white solid. They appear naturally as rare mineral that is nitro-barite. Their properties make them suitable for use in numerous military applications, including thermite and grenades incendiary ammunition. Other consumptions of barium nitrate comprise production of barium oxide, extraction of gases from vacuum tubes, and manufacturing of green signal lights. One of the major features of barium nitrate is its easy decomposition along with its characteristic green flame. Meanwhile, barium nitrate also helps in improving opacity and homogeneity; it assists as an vital nutrient for production of optical glasses.
“Final Report will add the analysis of the impact of COVID-19 on this industry.
Some of the factors to drive the global barium nitrate market are growing demand from the fireworks/pyrotechnics industry together with their increasing use in military applications across the world. However, toxic nature of barium nitrate may restrict the market from growing. Moreover, expanding glass industry, and rising demand for ceramic powder used for manufacturing of semiconductor devices and passive electronic components such as capacitors is further expected to create various growth opportunities for the market in the forecast period.
The global barium nitrate market is segmented on the basis of end-users, and geography. The segmentation by end-users comprises glass/ceramics, fireworks/pyrotechnics, and others. Based on geography, the global barium nitrate market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Based on geographical analysis, barium nitrate market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of Germany, Russia, and Rest of Europe. Asia-Pacific is segmented into China, India, and Rest of Asia-Pacific, while RoW is bifurcated into South America, Middle East, and Africa.
Prominent players operating in the global barium nitrate market are Solvay S. A., Basstech International LLC., San Yuan Chemical Co. Ltd., Barium Chemicals Co. Ltd., Degussa AG, Tennants Distribution Ltd., Sakai Chemical Industry Co. Ltd., Sigma Aldrich Corporation, Jiaocheng Sanxi Chemical Co., Ltd and Angene International Limited among others.
The key takeaways from the report:
The report will provide detailed analysis of Barium Nitrate Market with respect to major segment such as end-users
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024.
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Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report.
An exhaustive regional analysis of Barium Nitrate Market has been included in the report.
Profile of the key players in the Barium Nitrate Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Barium Nitrate Market:
End-user segments
Glass/Ceramics
Fireworks/Pyrotechnics
Others
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
Germany
Russia
Rest of Europe
Asia Pacific
China
India
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
Chapter 4 Global Barium Nitrate Market by End-Users: Market Size and Forecast, 2015 – 2024
4.1 Overview
4.2 Fireworks/Pyrotechnics
4.2.1 Current Trend and Analysis
4.2.2 Market Size and Forecast
4.3 Glass/Ceramics
4.3.1 Current Trend and Analysis
4.3.2 Market Size and Forecast
4.4 Other End-Users
4.4.1 Current Trend and Analysis
4.4.2 Market Size and Forecast
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