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Barium Nitrate Market for Fireworks/Pyrotechnics, Glass/Ceramics and Other Applications by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017-2023

Published Date: 29-Mar-2018 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-2727 Status : Published

Global barium nitrate market expected to reach USD 3,704.44 Million by 2023, growing at a CAGR of slightly above 5.8% between 2017 and 2023. Barium nitrate is an odorless compound that is mostly available in the form of a white solid. It is mostly non combustible but can accelerate the burning of combustible materials.

Description

The report covers forecast and analysis for the barium nitrate market on a global and regional level. The study provides historic data of 2015-2017 along with a forecast from 2018 to 2023 based on volume (Kilo Tons) and revenue (USD Million). The study includes drivers and restraints for the barium nitrate market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the barium nitrate market on a global level.

This report offers comprehensive analysis on global barium nitrate market along with, market trends, drivers, and restraints of the barium nitrate market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

The study provides a decisive view on the barium nitrate market by segmenting the market based on application and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Based on application, the segmentation of barium nitrate market is fireworks/pyrotechnics, glass/ceramics, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into countries such as the U.S., UK, France, Germany, China, India, Japan, and Brazil.

Global Barium Nitrate Market

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global barium nitrate market such as Basstech International LLC, Barium Chemicals Co. Ltd., Solvay S.A., Degussa AG, Sakai Chemical Industry Co. Ltd., Tennants Distribution Ltd., Sigma Aldrich Corporation, San Yuan Chemical Co. Ltd., Angene International Limited and Jiaocheng Sanxi Chemical Co., Ltd. amongst others.

The report segments global barium nitrate market as follows:

Barium Nitrate Market: Application Segment Analysis

  • Fireworks/Pyrotechnics
  • Glass/Ceramics
  • Others

Barium Nitrate Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Barium Nitrate Market, 2015 - 2023, (Kilo Tons) (USD Million)
    • 2.2. Barium Nitrate Market: Market Snapshot
  •  
  • Chapter 3. Barium Nitrate Market - Industry Analysis
    • 3.1. Barium Nitrate Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Growing demand for fireworks
    • 3.3. Restraints
      • 3.3.1. Toxicity of barium nitrate
    • 3.4. Opportunity
      • 3.4.1. Research and innovation
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market Attractiveness Analysis by Application Segment
      • 3.6.2. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Barium Nitrate Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017 (Subject to Data Availability)
    • 4.2. Strategic Developments
    • 4.3. Acquisitions & Mergers
    • 4.4. New Product Launch
    • 4.5. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.6. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Global Barium Nitrate Market - Application Segment Analysis
    • 5.1. Global Barium Nitrate Market Overview: by Application
      • 5.1.1. Barium Nitrate Market Volume Share, by Application, 2017 and 2023
    • 5.2. Global Barium Nitrate Market for Fireworks/Pyrotechnics, 2015-2023 (Kilo Tons) (USD Million)
    • 5.3. Global Barium Nitrate Market for Glass/Ceramics, 2015-2023 (Kilo Tons) (USD Million)
    • 5.4. Global Barium Nitrate Market for Other Applications, 2015-2023 (Kilo Tons) (USD Million)
  •  
  • Chapter 6. Global Barium Nitrate Market - Regional Analysis
    • 6.1. Global Barium Nitrate Market Overview: by Region
      • 6.1.1. Global Barium Nitrate Market Volume Share, by Region, 2017 and 2023
    • 6.2. North America
      • 6.2.1. North America Barium Nitrate Market, 2015 - 2023 (Kilo Tons) (USD Million)
      • 6.2.2. North America Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
      • 6.2.3. North America Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
      • 6.2.4. The U.S.
        • 6.2.4.1. U.S. Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
        • 6.2.4.2. U.S. Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
    • 6.3. Europe
      • 6.3.1. Europe Barium Nitrate Market, 2015 - 2023 (Kilo Tons) (USD Million)
      • 6.3.2. Europe Barium Nitrate Market Revenue, by Application, 2015 - 2023 (Kilo Tons)
      • 6.3.3. Europe Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
      • 6.3.4. UK
        • 6.3.4.1. UK Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
        • 6.3.4.2. UK Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
      • 6.3.5. France
        • 6.3.5.1. France Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
        • 6.3.5.2. France Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
      • 6.3.6. Germany
        • 6.3.6.1. Germany Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
        • 6.3.6.2. Germany Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Barium Nitrate Market, 2015 - 2023 (Kilo Tons) (USD Million)
      • 6.4.2. Asia Pacific Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
      • 6.4.3. Asia Pacific Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
      • 6.4.4. China
        • 6.4.4.1. China Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
        • 6.4.4.2. China Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
      • 6.4.5. Japan
        • 6.4.5.1. Japan Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
        • 6.4.5.2. Japan Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
      • 6.4.6. India
        • 6.4.6.1. India Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
        • 6.4.6.2. India Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
    • 6.5. Latin America
      • 6.5.1. Latin America Barium Nitrate Market, 2015 - 2023 (Kilo Tons) (USD Million)
      • 6.5.2. Latin America Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
      • 6.5.3. Latin America Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
        • 6.5.4.2. Brazil Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
    • 6.6. Middle East & Africa
      • 6.6.1. Middle East and Africa Barium Nitrate Market, 2015 - 2023 (Kilo Tons) (USD Million)
      • 6.6.2. Middle East and Africa Barium Nitrate Market Volume, by Application, 2015 - 2023 (Kilo Tons)
      • 6.6.3. Middle East and Africa Barium Nitrate Market Revenue, by Application, 2015 - 2023 (USD Million)
  •  
  • Chapter 7. Company Profiles
    • 7.1. Basstech International LLC
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Barium Chemicals Co. Ltd.
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Solvay S.A.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Degussa AG
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Sakai Chemical Industry Co. Ltd.
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Tennants Distribution Ltd.
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Developments
    • 7.7. Sigma Aldrich Corporation
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Developments
    • 7.8. San Yuan Chemical Co. Ltd.
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Developments
    • 7.9. Angene International Limited
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Developments
    • 7.10. Jiaocheng Sanxi Chemical Co., Ltd.
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Barium Nitrate market. Zion Market Research has collected and analyzed key data belong to the global Barium Nitrate market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Barium Nitrate across the world has been calculated through primary and secondary research.

Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Barium Nitrate industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Barium Nitrate market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split into segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Barium nitrate is the salt of the barium and the nitrate ion. It is predominantly used in the manufacture of fireworks, glass, as well as in the synthesis of other barium compounds. It can be prepared using nitric acid or ammonium nitrate and barium carbonate and also using sodium nitrate and barium chloride by double decomposition.

The increasing usage of fireworks across the globe for various purposes such as festivals, media events, sports events, etc. is expected to be the major driver for the global barium nitrate market. Currently, barium nitrate is being used extensively in the military sector. It used for signal flares in the field to assist the military in dark remote locations. Barium nitrate is also being used in tracer bullets. When the bullet is fired, barium nitrate gives out a small pyrotechnic charge in the bullet’s base and this helps the shooter to track the trajectory of the bullet with a naked eye. It is also used in the production of glass products such as optical glass that is used in products such as lenses. However, the toxicity of barium nitrate is expected to be a major restraint for the growth of the global barium nitrate market. However, increasing applications of barium nitrate and further innovation are expected to provide many opportunities for the key players operating in the global barium nitrate market.

Global Barium Nitrate Market

The global barium nitrate market can be segmented on the basis of applications into fireworks/pyrotechnics, glass/ceramics, and others. Fireworks/pyrotechnics is expected to be the most dominating segment of the global barium nitrate market and is expected to maintain this trend over the forecast period. Increasing application of barium nitrate in fireworks coupled with the growing consumption of fireworks across the globe is expected to drive the demand for barium nitrate in the years to come.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The Asia Pacific accounted for the most significant share of the barium nitrate market in terms of volume during 2017. This can be attributed to the huge demand for fireworks in the developing regions of China, India, etc. These two regions account for a significant share of the global population and this factor is expected to upsurge the demand for barium nitrate in the Asia Pacific during the forecast period. North America barium nitrate market is also expected to witness significant growth during the forecast period.

Some of the major players operating in the global barium nitrate market are Basstech International LLC, Barium Chemicals Co. Ltd., Solvay S.A., Degussa AG, Sakai Chemical Industry Co. Ltd., Tennants Distribution Ltd., Sigma Aldrich Corporation, San Yuan Chemical Co. Ltd., Angene International Limited and Jiaocheng Sanxi Chemical Co., Ltd. amongst others.

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