Product Code: ETC414080 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India barium sulfate market import shipments demonstrated a moderate growth trend with a CAGR of 4.5% from 2020 to 2024. However, the market experienced a significant decline in growth rate between 2023 and 2024, indicating a slowdown in expansion. Overall, the market showed signs of stabilization towards the end of the period.
The India barium sulfate market is closely tied to the chemical and manufacturing sectors. Barium sulfate is used in various industrial applications, including paints, plastics, and automotive coatings. India burgeoning manufacturing and construction industries drive the demand for barium sulfate as a filler and pigment extender. The market`s growth is shaped by industry standards and regulations, making it a fundamental component of India chemical manufacturing landscape.
The India barium sulfate market is driven by its widespread applications in various industries, including paints and coatings, chemicals, and pharmaceuticals. Barium sulfate is known for its high opacity and brightness, making it a key ingredient in paints and coatings. Additionally, its use as a contrast agent in medical imaging and diagnostic procedures contributes to the market`s growth. The market is also influenced by quality standards and regulations in different industries and the need for cost-effective and high-performance materials.
Challenges in the barium sulfate market include quality control, safety standards, and environmental regulations. Maintaining high product quality and safety standards is essential, as barium sulfate is used in various industries, including pharmaceuticals and paints. Compliance with environmental regulations, especially waste disposal and emissions standards, is also a challenge.
The India barium sulfate market experienced disruptions during the COVID-19 pandemic. Reduced industrial activities and the closure of many non-essential businesses led to a decrease in demand for barium sulfate in various applications, including paints, coatings, and plastics. However, as economic activities gradually resumed, the market began to recover. Increased investments in infrastructure and construction projects further contributed to the rebound of the barium sulfate market.
In the India Barium Sulfate market, several key players are prominent in the production and distribution of barium sulfate products. Notable companies include Solvay S.A., Sakai Chemical Industry Co., Ltd., Barium & Chemicals, Inc., and Barium India Pvt. Ltd. These companies are essential contributors to the market, offering a range of high-quality barium sulfate products that find applications in various industries, including paints and coatings, oil and gas, and pharmaceuticals. Their commitment to quality and adherence to regulatory standards makes them pivotal in meeting the growing demand for barium sulfate in India.
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 Sulfate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Barium Sulfate Market Revenues & Volume, 2021 & 2031F |
3.3 India Barium Sulfate Market - Industry Life Cycle |
3.4 India Barium Sulfate Market - Porter's Five Forces |
3.5 India Barium Sulfate Market Revenues & Volume Share, By End Users, 2021 & 2031F |
3.6 India Barium Sulfate Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 India Barium Sulfate Market Revenues & Volume Share, By Deposit Type, 2021 & 2031F |
4 India Barium Sulfate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for barium sulfate in the paint and coatings industry for enhancing color, brightness, and durability. |
4.2.2 Growing use of barium sulfate in the pharmaceutical sector for X-ray imaging and diagnostic procedures. |
4.2.3 Rising demand for barium sulfate in drilling fluids for oil and gas exploration due to its high specific gravity. |
4.3 Market Restraints |
4.3.1 Stringent environmental regulations regarding the disposal of barium sulfate waste. |
4.3.2 Fluctuating prices of raw materials used in the production of barium sulfate. |
5 India Barium Sulfate Market Trends |
6 India Barium Sulfate Market, By Types |
6.1 India Barium Sulfate Market, By End Users |
6.1.1 Overview and Analysis |
6.1.2 India Barium Sulfate Market Revenues & Volume, By End Users, 2021-2031F |
6.1.3 India Barium Sulfate Market Revenues & Volume, By Glass, 2021-2031F |
6.1.4 India Barium Sulfate Market Revenues & Volume, By Oil Well Drilling, 2021-2031F |
6.1.5 India Barium Sulfate Market Revenues & Volume, By Paint, 2021-2031F |
6.1.6 India Barium Sulfate Market Revenues & Volume, By Chemical, 2021-2031F |
6.1.7 India Barium Sulfate Market Revenues & Volume, By Others , 2021-2031F |
6.2 India Barium Sulfate Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 India Barium Sulfate Market Revenues & Volume, By Natural, 2021-2031F |
6.2.3 India Barium Sulfate Market Revenues & Volume, By Precipitated, 2021-2031F |
6.3 India Barium Sulfate Market, By Deposit Type |
6.3.1 Overview and Analysis |
6.3.2 India Barium Sulfate Market Revenues & Volume, By Bedded, 2021-2031F |
6.3.3 India Barium Sulfate Market Revenues & Volume, By Vein, 2021-2031F |
6.3.4 India Barium Sulfate Market Revenues & Volume, By Residual, 2021-2031F |
7 India Barium Sulfate Market Import-Export Trade Statistics |
7.1 India Barium Sulfate Market Export to Major Countries |
7.2 India Barium Sulfate Market Imports from Major Countries |
8 India Barium Sulfate Market Key Performance Indicators |
8.1 Average selling price of barium sulfate in the Indian market. |
8.2 Percentage of barium sulfate consumption in key end-use industries (paints, pharmaceuticals, oil gas). |
8.3 Number of new product developments or innovations in the barium sulfate market in India. |
9 India Barium Sulfate Market - Opportunity Assessment |
9.1 India Barium Sulfate Market Opportunity Assessment, By End Users, 2021 & 2031F |
9.2 India Barium Sulfate Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 India Barium Sulfate Market Opportunity Assessment, By Deposit Type, 2021 & 2031F |
10 India Barium Sulfate Market - Competitive Landscape |
10.1 India Barium Sulfate Market Revenue Share, By Companies, 2024 |
10.2 India Barium Sulfate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |