Global Barium Carbonate Market to Reach US$ 605.76 Mn by 2026; Increased Use of Barium Carbonate in Bricks and Tiles to Drive Market

Transparency Market Research

ALBANY, New York, August 17, 2018 /PRNewswire/ --

The global barium carbonate market was valued at US$ 389.13 Mn in 2017 and is anticipated to expand at a CAGR of 4.2% from 2018 to 2026, according to a new report titled 'Barium Carbonate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026,' published by Transparency Market Research (TMR). The market is driven by rise in the demand for barium carbonate for use in bricks and tiles in the construction industry. Asia Pacific accounts for a major share of the global barium carbonate market.

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Increased use of barium carbonate in bricks and tiles to drive market 

With modernization, the pattern of construction has witnessed significant changes over the last few years. Demand for attractive, colored and smooth structures for buildings is on the rise. Rising use of barium carbonate in the removal of efflorescence, which is a crystalline deposit of salt formed due to moisture absorption, in bricks and tiles is anticipated to boost the demand for barium carbonate in the next few years. It is essential that masonry units be covered and left in pallets in order to minimize the risk of efflorescence throughout the construction project. Tiles are also made of the same clay or shale as bricks and they are formed into relatively thin sheets, tubes, or hollow blocks. Bricks is a highly important building material used in construction activities in developing economies.

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Growing use of barium carbonate as a raw material in manufacture of electro-ceramic materials to boost demand for barium carbonate 

Increasing use of barium carbonate in multi-layered ceramic capacitors, fuses, PTC thermistors, piezoelectric transducers, sensors, dynamic RAM, MEMS, optical modulators, and electromechanical devices is likely to boost the demand for barium carbonate in the electro-ceramic materials segment. Advanced electro-ceramic materials have played a significant role in advancement in technologies such as computers, telecommunications, and aerospace. Increase in use of barium carbonate as a raw material in the manufacture of positive temperature coefficient (PTC) thermistors is likely to boost the demand for barium carbonate during the forecast period.