세계의 질산바륨 시장 - 규모, 점유율·성장 분석(순도별, 용도별, 최종 용도별, 지역별) : 산업 예측(2024-2031년)
Barium Nitrate Market Size, Share, Growth Analysis, By Purity (< 98%, 98%-99%), By Application (Glass/ Ceramics, Fireworks), By End Use, By Region - Industry Forecast 2024-2031
상품코드:1619344
리서치사:SkyQuest
발행일:2024년 12월
페이지 정보:영문 157 Pages
라이선스 & 가격 (부가세 별도)
한글목차
세계 질산 바륨 시장 규모는 2022년에 23억 달러로 평가되었으며 2023년 24억 3,000만 달러에서 2031년에는 38억 2,000만 달러로 성장해 예측 기간(2024-2031) CAGR은 5.8%로 성장할 전망입니다.
세계 질산 바륨 시장은 축제 행사에서 불꽃 놀이 수요 증가와 광학 유리 및 유리 세라믹을 중심으로 특수 유리 제조에 활용하여 강력한 성장을 이루고 있습니다. 질산 바륨은 스마트폰 및 자동차 전자 기기에 사용되는 적층 세라믹 커패시터(MLCC)의 중요한 구성 요소인 티탄산 바륨의 제조에 필수적이므로 전자 분야가 이 수요를 더욱 뒷받침하고 있습니다. 그러나 이 시장은 바륨의 독성에 관한 엄격한 규제 프레임워크 등의 과제에 직면하고 있으며, 이것이 취급에 영향을 주어 제조 비용이 상승하고 있습니다. 또한 발라이트 광석에서 원료를 조달하면 공급망의 위험을 초래합니다. 또한 불꽃 놀이의 영향에 대한 환경에 대한 우려도 커지고 있으며 시장의 지속적인 생존을 보장하기 위해서는 규제에 적응하고 지속 가능한 대체품을 탐구해야합니다.
Global Barium Nitrate Market size was valued at USD 2.3 billion in 2022 and is poised to grow from USD 2.43 billion in 2023 to USD 3.82 billion by 2031, growing at a CAGR of 5.8% during the forecast period (2024-2031).
The global barium nitrate market is experiencing robust growth driven by heightened demand for fireworks during festive occasions and its application in specialty glass production, particularly in optical glasses and glass ceramics. The electronics sector further propels this demand, as barium nitrate is essential in manufacturing barium titanate, a critical component of multilayer ceramic capacitors (MLCCs) used in devices like smartphones and automotive electronics. However, the market faces challenges, including stringent regulatory frameworks concerning barium's toxic nature, which impacts handling and increases production costs. Additionally, sourcing raw materials from barite ores presents supply chain risks. There are also growing environmental concerns regarding fireworks impacts, necessitating adaptation to regulations and exploration of sustainable alternatives to ensure continued market viability.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Barium Nitrate market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Barium Nitrate Market Segmental Analysis
Global Barium Nitrate Market is segmented by purity, Application, end use and region. Based on purity, the market is segmented into < 98%, 98%-99% and > 99%. Based on application, the market is segmented into glass/ ceramics, fireworks, detonators, tracer bullets, vacuum tube production, explosives, primers, pyrotechnics and others. Based on end use, the market is segmented into optical industry, defense and military, chemicals and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Barium Nitrate Market
The global Barium Nitrate market is significantly driven by the expanding glass manufacturing industry, which relies heavily on barium nitrate for producing specialty glasses and glass ceramics. As industries such as automotive, construction, and electronics continue to grow, they create an increasing demand for advanced glass products. This surge in demand directly contributes to the rise in barium nitrate consumption, highlighting its integral role in enhancing the quality and performance of glass materials. Consequently, the expansion of these sectors is expected to propel the barium nitrate market forward, underscoring its importance in contemporary manufacturing processes.
Restraints in the Global Barium Nitrate Market
The global barium nitrate market faces significant restraints primarily due to stringent regulations and safety standards governed by its toxicity. These regulatory frameworks necessitate that manufacturers adhere to rigorous compliance measures, which can elevate production costs and complicate the operational processes. This increased financial burden may deter new entrants and hamper the growth of existing businesses as they strive to meet the mandated safety and environmental criteria. Consequently, the challenges associated with maintaining compliance not only impact profitability but also limit innovation and expansion opportunities within the barium nitrate sector.
Market Trends of the Global Barium Nitrate Market
The Global Barium Nitrate market is increasingly characterized by a shift towards customized formulations, driven by diverse industry requirements across sectors like glass manufacturing, detonators, and explosives. As manufacturers actively collaborate with clients to create bespoke solutions, the demand for tailored barium nitrate products is steadily rising. This trend not only enhances performance but also aligns with the evolving needs of end-users seeking specific attributes in their applications. Consequently, this personalized approach is expected to fuel market growth, foster innovation, and strengthen supplier-customer relationships, positioning customized barium nitrate as a pivotal component in various industrial processes.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Barium Nitrate Market Size by Purity & CAGR (2024-2031)
Market Overview
< 98%
98%-99%
99%
Global Barium Nitrate Market Size by Application & CAGR (2024-2031)
Market Overview
Glass/ Ceramics
Fireworks
Detonators
Tracer Bullets
Vacuum Tube Production
Explosives
Primers
Pyrotechnics
Others
Global Barium Nitrate Market Size by End Use & CAGR (2024-2031)
Market Overview
Optical Industry
Defense and Military
Chemicals
Others
Global Barium Nitrate Market Size & CAGR (2024-2031)
North America (Purity, Application, End Use)
US
Canada
Europe (Purity, Application, End Use)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Purity, Application, End Use)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Purity, Application, End Use)
Brazil
Rest of Latin America
Middle East & Africa (Purity, Application, End Use)
