Barium Market Registering A CAGR Of 5% For The Projected Period From 2020 To 2030

Barium Market Registering A CAGR Of 5% For The Projected Period From 2020 To 2030

In terms of value, the global barium market stood at US$ 2. 6 Bn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. The barium market is driven by the increase in usage of barium in the glass & ceramics industry. Major suppliers of barium and its compounds are located in Asia Pacific. China is a production hub of barium carbonate in the region. Major Drivers of Barium Market Barium carbonate is used in the removal of efflorescence, which is a crystalline or powdery deposit of salts often visible on the surface of concrete, brick, tiles, or natural stone surfaces. The demand for high quality, discoloration-free bricks has been rising. Masonry units need to be covered and left in pallets in order to minimize the risk of efflorescence throughout the construction project. With the addition of barium carbonate, soluble sulfate salts are bonded and undergo chemical a reaction to form insoluble barium sulfate. This prevents efflorescence. The pattern of construction has undergone significant changes with modernization. The demand for attractive, colored, and smooth structures has been rising. Tiles are made of the same clay or shale as bricks, and are formed into relatively