Global Barium Carbonate Market Size is Expected to Grow to $468.15 Million by 2028

Global Barium Carbonate Market Overview

According to Global Market Monitor, the global barium carbonate market size will reach $371.31 million in 2023 and is expected to grow to $468.15 million by 2028.

Barium Carbonate Industry Development Trend

Barium carbonate is manufactured from natural barium sulfate (barite) by reduction with pet-coke and following precipitation with carbon dioxide. The demand for wall and floor tiles is rising in light of the increase in new construction and refurbishment work. Growth and development of the construction industry and increasing government expenditure on infrastructural development are expected to drive the barium carbonate market over the forecast period.

However, the prevalence of stringent regulations in developed countries on account of the high toxicity of the product is expected to restrain market growth over the forecast period. In recent years, the production of barium carbonate in Japan, the United States, Germany, and other countries has been decreasing year by year due to the depletion of mineral veins, rising energy costs, and environmental pollution. Many companies are actively looking for barium carbonate companies in developing countries to form joint ventures. Although it has promoted local industrial development and technological progress to some extent in the past, the environmental pollution and personal injury it brings are also huge challenges.

Regional Barium Carbonate Industry Development Status

Asia Pacific held the largest share of the barium carbonate market and accounted for more than half of total consumption in 2022. Increasing construction in countries such as China and India is expected to augment ceramic tile and glass demand which in turn will boost barium carbonate growth over the next years. Asia Pacific is followed by Europe and Central and South America.

Due to the investment of some international electronics giants in Southeast Asia, these countries have also become the major consumers of barium carbonate.The advent of large-screen color TVs, the diversification, and the continuous upgrade of computers have stimulated the international barium carbonate market. The economy is stable and healthy, and sustained development and increased purchasing power of industry and residents have greatly promoted the development of barium carbonate.

By Type	98%-99%	The 98%-99% segment held the largest market share in 2022.
	>99%
	<98%
By Application	Electronics Industry	The electronics industry segment occupied the biggest share in 2022.
	Ceramics
	Glass
	Chemical Industry
By Region	North America	Asia Pacific held the largest share in 2022.
	Europe
	Asia-Pacific
	Middle East & Africa