| Product Code: ETC090464 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
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.
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.
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.
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.
Barium carbonate is used in ceramics and glass industries. Players in this market might include Sakai Chemical Industry, Solvay, and Chemical Products Corporation.
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