Thailand Barium Carbonate Market Synopsis
The barium carbonate market in Thailand was valued at US$ 6.3 million in 2018 and is projected to expand at a CAGR of 4.8% over the forecast period. The increasing demand for glass, ceramic, and other products has been driving the growth of this market over the last few years. Moreover, its usage as an additive for paints & coatings has further pushed up its consumption in the country. Increasing investments by companies into research and development activities pertaining to specialty chemicals are also expected to offer lucrative opportunities during the forecast period.
Drivers of the Market
In the Thailand barium carbonate market, the ceramics and glass industries are the main drivers. Barium carbonate is a crucial ingredient in ceramic glazes and specialty glass production. The growth of these industries, driven by construction, interior design, and decorative arts, fuels the demand for barium carbonate. Its properties that enhance glass and ceramic properties make it an indispensable component in these sectors.
Challenges of the Market
The Thailand barium carbonate market faces challenges due to safety regulations and market demand shifts. Barium carbonate has applications in diverse sectors, including ceramics and electronics. Ensuring safe handling and disposal due to barium`s toxicity presents a challenge. Additionally, market demand shifts and the need to identify new applications in changing industries require continuous adaptation.
COVID-19 Impact on the Market
The Thailand barium carbonate market was influenced by the Covid-19 pandemic, which impacted industries like ceramics, glass, and electronics that use barium carbonate. Economic uncertainties and reduced consumer spending affected demand for products that rely on this compound, leading to market challenges.
Key Players in the Market
Barium carbonate is used in ceramics and glass industries. Players in this market might include Sakai Chemical Industry, Solvay, and Chemical Products Corporation.
Key Highlights of the Report:
- Thailand Barium carbonate Market Outlook
- Market Size of Thailand Barium carbonate Market, 2024
- Forecast of Thailand Barium carbonate Market, 2031
- Historical Data and Forecast of Thailand Barium carbonate Revenues & Volume for the Period 2021-2031
- Thailand Barium carbonate Market Trend Evolution
- Thailand Barium carbonate Market Drivers and Challenges
- Thailand Barium carbonate Price Trends
- Thailand Barium carbonate Porter's Five Forces
- Thailand Barium carbonate Industry Life Cycle
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Product for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Crystal for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Powder for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Form for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Granular for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Powder for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Ultra-Fine for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Specialty Glass for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Bricks and Tiles for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Chemical Compounds for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Glazes for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Frits and Enamels for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Electro-Ceramic Materials for the Period 2021-2031
- Historical Data and Forecast of Thailand Barium carbonate Market Revenues & Volume By Others for the Period 2021-2031
- Thailand Barium carbonate Import Export Trade Statistics
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Application
- Thailand Barium carbonate Top Companies Market Share
- Thailand Barium carbonate Competitive Benchmarking By Technical and Operational Parameters
- Thailand Barium carbonate Company Profiles
- Thailand Barium carbonate Key Strategic Recommendations