Global barium carbonate market is expected to witness considerable growth over the forecast period, on account of its increasing use in manufacturing ceramic tiles and cement. Construction development in various countries including India, China, Brazil and the U.S. is expected to be a key driving factor for the market over the next seven years.
Barium carbonate is primarily employed in manufacturing standard glass, glazes, brick, and tile industry. Increasing use of these products in the construction industry is expected to have a positive impact on the market over the next seven years. The demand for wall and floor tiles is rising in light of increase in new construction and refurbishment work. Growth and development of construction industry and increasing government expenditure on infrastructural development are expected to drive the market over the forecast period. This in turn will augment barium carbonate demand over the next seven years. However, prevalence of stringent regulations in developed countries on account of high toxicity of the product is expected to restrain market growth over the forecast period.
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Ceramics is the largest end-use segment for the product comprising over 35% of the global share. Rising use of the product in manufacturing ceramic glaze, frits, and fluxes will propel demand over the next seven years.
The product is primarily manufactured using barium sulfide which is treated with sodium carbonate. Its demand largely depends on need from various end-use industries including ceramic, chemical, and glass. Growth in these markets is expected to augment barium carbonate demand over the next seven years.
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Ceramic tiles are expected to be the fastest growing application segment for the industry on account of matting and crystallization properties. Replacement of marble floors, paints metal slabs, and other home decorative products with ceramic tiles are expected to fuel growth over the next seven years. This in turn will positive impact demand for barium carbonate over the forecast period.
Currently ceramic tiles have become a trend in the construction and real estate industry as they are considered a status symbol and lifestyle product. Rapid urbanization, rising disposable income, and growing population, are expected to be the key drivers for the market which in turn will propel barium carbonate growth over the next seven years.
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