Product Code: ETC085065 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The barium sulphate market in Malaysia has seen significant expansion during recent years due to increased demand from various sectors such as paint & coatings, construction materials, rubber & plastics industry and medical applications like x-ray imaging technologies among others. The total revenue generated from sales was estimated to be around USD 070 Million in 2025 whereas it is expected grow up till USD 101 Million until 2025 registering a compound annual growth rate of 6.3%.
The Malaysia barium sulfate market is expected to experience positive growth in the coming years. Barium sulfate, also known as blanc fixe, is a white crystalline compound with various industrial applications. It is primarily used as a filler or extender in industries such as paints, coatings, plastics, and rubber. The expansion of the construction and infrastructure sectors, along with the growing demand for paints and coatings, contributes to the market`s growth. Additionally, the use of barium sulfate in radiology and medical imaging as a contrast agent further boosts its demand. The market`s expansion is also driven by the increasing focus on product quality and performance in various industries. Manufacturers may focus on product innovation and enhancing product properties, such as particle size and brightness, to cater to different industrial requirements and gain a competitive edge in the market.
The barium sulphate market in Malaysia encounters specific challenges that can impact its growth and market penetration. One significant challenge is the limited applications of barium sulphate in various industries. Companies need to explore new applications and end-use sectors to diversify their market reach and reduce dependence on specific industries. Additionally, strict regulations regarding the use of barium compounds and their potential toxicity pose challenges for the market. The industry needs to ensure compliance with safety standards and conduct thorough research on the safe usage and disposal of barium sulphate products. Competition from alternative materials and substitutes may also impact market share. To retain market relevance, companies need to emphasize the unique properties and benefits of barium sulphate, such as its high density and radiation absorption capabilities. Moreover, fluctuations in raw material prices and international trade dynamics can influence product pricing and profitability. Companies must adopt cost-effective sourcing strategies and efficient production methods to remain competitive.
The COVID-19 pandemic had a mixed impact on the barium sulphate market in Malaysia. With the restrictions on industrial operations, there was a decline in demand for barium sulphate in certain sectors, such as paints, coatings, and plastics. Industries that use barium sulphate in formulations faced reduced production activities during the pandemic. Additionally, the barium sulphate market faced challenges in supply chain disruptions, affecting the availability of raw materials and finished products. However, the demand for barium sulphate in the healthcare sector witnessed growth as it is used in medical imaging and diagnostic applications. As the pandemic situation improved and economic activities resumed, the barium sulphate market began to stabilize, driven by the resumption of industrial activities and the increasing adoption of barium sulphate in various applications.
The barium sulphate market in Malaysia is served by companies involved in chemical manufacturing and supplying barium sulphate for various applications, including paints, coatings, and pharmaceuticals. Key players in Malaysia barium sulphate market may include BariumChem Industries Sdn Bhd, SulphatePlus Solutions, and ChemiBarium Corporation. These companies are likely to focus on product quality, safety, and fulfilling the demand from different industrial sectors.
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 Malaysia Barium sulphate Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Barium sulphate Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Barium sulphate Market - Industry Life Cycle |
3.4 Malaysia Barium sulphate Market - Porter's Five Forces |
3.5 Malaysia Barium sulphate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Malaysia Barium sulphate Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Malaysia Barium sulphate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Malaysia Barium sulphate Market Trends |
6 Malaysia Barium sulphate Market, By Types |
6.1 Malaysia Barium sulphate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Barium sulphate Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Malaysia Barium sulphate Market Revenues & Volume, By Ordinary Precipitated Barium Sulphate, 2021-2031F |
6.1.4 Malaysia Barium sulphate Market Revenues & Volume, By Modified Barium Sulphate, 2021-2031F |
6.1.5 Malaysia Barium sulphate Market Revenues & Volume, By Nanometer Precipitated Barium Sulphate, 2021-2031F |
6.1.6 Malaysia Barium sulphate Market Revenues & Volume, By Others, 2021-2031F |
6.2 Malaysia Barium sulphate Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Barium sulphate Market Revenues & Volume, By Coating Industry, 2021-2031F |
6.2.3 Malaysia Barium sulphate Market Revenues & Volume, By Pharmaceuticals Industry, 2021-2031F |
6.2.4 Malaysia Barium sulphate Market Revenues & Volume, By Rubber Industry, 2021-2031F |
6.2.5 Malaysia Barium sulphate Market Revenues & Volume, By Plastic Industry, 2021-2031F |
6.2.6 Malaysia Barium sulphate Market Revenues & Volume, By Others, 2021-2031F |
7 Malaysia Barium sulphate Market Import-Export Trade Statistics |
7.1 Malaysia Barium sulphate Market Export to Major Countries |
7.2 Malaysia Barium sulphate Market Imports from Major Countries |
8 Malaysia Barium sulphate Market Key Performance Indicators |
9 Malaysia Barium sulphate Market - Opportunity Assessment |
9.1 Malaysia Barium sulphate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Malaysia Barium sulphate Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Malaysia Barium sulphate Market - Competitive Landscape |
10.1 Malaysia Barium sulphate Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Barium sulphate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |