Product Code: ETC206916 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India barium perchlorate market import shipment experienced a significant decline over the period 2020-2024, with a CAGR of -11.4%. The growth rate between 2023 and 2024 further decreased by -19.6%, indicating a continued downward trend. The market clearly contracted, showing a strong deceleration in import shipments.
The India Barium Perchlorate market has witnessed moderate growth in recent years. Barium Perchlorate is an inorganic compound used primarily in the pyrotechnics industry, particularly in the production of green-colored fireworks and flares. Its application is niche, and the demand is relatively limited compared to other chemicals. However, it plays a significant role in providing green color to fireworks displays, making it an essential ingredient for various festive and celebratory occasions.
The growth of the Barium Perchlorate market in India is mainly driven by the pyrotechnics industry. The demand for colorful fireworks during festivals, weddings, and other events has fueled the need for Barium Perchlorate, especially for producing vibrant green hues. The cultural significance of fireworks in India celebrations further supports the demand for Barium Perchlorate.
Despite its application in the pyrotechnics industry, the Barium Perchlorate market in India faces certain challenges. One of the primary challenges is safety concerns due to the compound`s explosive nature. Strict adherence to safety protocols is necessary during the production, handling, and storage of Barium Perchlorate, leading to increased costs. Moreover, the niche application of Barium Perchlorate limits its overall market size, and its use is confined mainly to the pyrotechnics sector.
The outbreak of the Covid-19 pandemic had varying effects on different industries, including the Barium Perchlorate market in India. During the pandemic, restrictions on public gatherings and events led to a temporary decline in the demand for fireworks and pyrotechnic displays. This, in turn, affected the demand for Barium Perchlorate. However, as economic activities resume and public celebrations return, the demand for fireworks, and subsequently Barium Perchlorate, is expected to witness a resurgence.
Key Players in the India Barium Perchlorate Market are Venator Materials PLC
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Barium Perchlorate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Barium Perchlorate Market Revenues & Volume, 2021 & 2031F |
3.3 India Barium Perchlorate Market - Industry Life Cycle |
3.4 India Barium Perchlorate Market - Porter's Five Forces |
3.5 India Barium Perchlorate Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Barium Perchlorate Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Barium Perchlorate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fireworks and pyrotechnics industries in India |
4.2.2 Growth in the defense sector for manufacturing explosives |
4.2.3 Rising use of barium perchlorate in the aerospace industry for solid rocket propellants |
4.3 Market Restraints |
4.3.1 Stringent regulations regarding environmental impact and safety concerns |
4.3.2 Fluctuating raw material prices affecting production costs |
5 India Barium Perchlorate Market Trends |
6 India Barium Perchlorate Market, By Types |
6.1 India Barium Perchlorate Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Barium Perchlorate Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Barium Perchlorate Market Revenues & Volume, By Purity 97%, 2021-2031F |
6.1.4 India Barium Perchlorate Market Revenues & Volume, By Anhydrous, 2021-2031F |
6.1.5 India Barium Perchlorate Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Barium Perchlorate Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Barium Perchlorate Market Revenues & Volume, By Pyrotechnic Industry, 2021-2031F |
6.2.3 India Barium Perchlorate Market Revenues & Volume, By Chemical Industry, 2021-2031F |
6.2.4 India Barium Perchlorate Market Revenues & Volume, By Laboratory, 2021-2031F |
6.2.5 India Barium Perchlorate Market Revenues & Volume, By Others, 2021-2031F |
7 India Barium Perchlorate Market Import-Export Trade Statistics |
7.1 India Barium Perchlorate Market Export to Major Countries |
7.2 India Barium Perchlorate Market Imports from Major Countries |
8 India Barium Perchlorate Market Key Performance Indicators |
8.1 Percentage increase in demand from the fireworks and pyrotechnics industries |
8.2 Number of defense contracts involving barium perchlorate |
8.3 Growth in the number of aerospace projects utilizing barium perchlorate |
9 India Barium Perchlorate Market - Opportunity Assessment |
9.1 India Barium Perchlorate Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Barium Perchlorate Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Barium Perchlorate Market - Competitive Landscape |
10.1 India Barium Perchlorate Market Revenue Share, By Companies, 2024 |
10.2 India Barium Perchlorate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |