According to the latest report by IMARC Group, titled “Europe Barium Carbonate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The Europe barium carbonate market size reached 241,470 Tons in 2021. Looking forward, IMARC Group expects the market to reach 435,480 Tons by 2027, exhibiting a growth rate (CAGR) of 10.24% during 2022-2027.
Barium carbonate is an odorless inorganic compound obtained from barite minerals. It is mainly characterized by a white color and is usually available in granular, powder, and ultra-fine forms. It is extensively utilized as a matting, crystallizing, and flux agent in the production of tiles, bricks, specialty glass, etc. Besides this, it is used to make thermistors, sensors, multilayered ceramic capacitors, optical modulators, piezoelectric transducers, etc. Barium carbonate also forms a major component in the manufacturing of ceramics and the treatment of salt brine.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The expanding construction industry in Europe is among the primary factors driving the demand for barium carbonate to produce several construction materials, such as bricks and ceramic tiles. Moreover, the rising investments in infrastructural development projects by the government bodies across the region are further providing an impetus to the market growth. Additionally, a significant growth of the electro-ceramic industry is positively influencing the production of several components, including piezoelectric transducers and optical modulators. Furthermore, inflating disposable income levels of consumers are increasing the sales of premium-quality decorative items, such as vases, glass paintings, ceramic figurines, etc. In line with this, the escalating product utilization as a glazing agent for ceramics is projected to further bolster the Europe barium carbonate market growth over the forecasted period.
Europe Barium Carbonate Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on country, end use.
Breakup by End Use:
Breakup by Country: