Persistent Demand for Precipitated Barium Sulphate in Paintings & Coatings Applications Drives Market on Remunerative Growth Trajectory, Says Future Market Insights

Persistent Demand for Precipitated Barium Sulphate in Paintings & Coatings Applications Drives Market on Remunerative Growth Trajectory, Says Future Market Insights

PR Newswire

DUBAI, U.A.E, Sept. 14, 2020

DUBAI, U.A.E, Sept. 14, 2020 /PRNewswire/ -- According to a new market study by Future Market Insights (FMI), the global precipitated barium sulphate market is forecasted to witness substantial growth in terms of value between 2019 and 2029.

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The growth of the market is majorly attributed to the soaring demand for non-toxic materials in pharmaceutical products, paints, and plastic formulations. As precipitated barium sulphate is non-toxic and insoluble in its liquid state, it is considered ideal for usage in medicinal applications as well.

Furthermore, growing interest from pharmaceutical producers coupled with increasing usage as an X-ray contrast agent or radio-opaque agent is equally complementing the growth of the market. Moreover, precipitate barium sulphate is finding application as a drilling fluid in the oil industry, where it is used to increase the density of oil-like fluids. This is expected to further proliferate the demand in the forthcoming years.

On the other hand, rising adoption in diverse industries for different applications will equally boost the demand. For instance, precipitated barium sulphate is used as a transparency chemical in paints and as a filling spar in plastic industries.

"Prominent players are focusing on establishing a strong foothold by leveraging the growing number of activities in the construction industry," opines FMI analyst.

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Precipitated Barium Sulphate Market - Key Takeaways

Precipitated Barium Sulphate Market - Key Trends

Precipitated Barium Sulphate Market - Regional Analysis

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Precipitated Barium Sulphate Market - Competitive Landscape

Some of the major players operating in the precipitated barium sulphate market include Merck KGaA, Alfa Aesar, Solvay SA, Huntsman Corporation, Guizhou Redstar Development Co., Ltd., Sakai Chemical Industry Co. Ltd., and others. Market players are focusing on developing environment-friendly variants to cater to the changing industry culture and are entering strategic collaborations to strengthen their foothold.

Precipitated Barium Sulphate Market - Taxonomy

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Get Valuable Insights into the Precipitated Barium Sulphate Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global precipitated barium sulphate market, presenting historical demand data and forecast statistics for the period from 2019-2029. The study divulges compelling insights on the precipitated barium sulphate market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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