DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Barium Nitrate Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
Global barium nitrate market is driven by the growing demand from the fireworks/pyrotechnics industry along with their increasing use in military applications across the globe. Barium Nitrate are majorly used in firecrackers to produce green flares, tracer bullets, detonators, glass/ceramics along with other industries such as chemicals, vacuum tube and primers. The growing demand for ceramics powder used for the manufacture of superconductor devices, semiconductor devices and passive electronic components such as capacitors has further boosted the global barium nitrate market. Expanding glass industry is also driving the demand for the barium nitrate products.
The global barium nitrate market was valued at $2,368.3 million in 2015, and it is expected to grow at a CAGR of 5.51% during 2016 - 2022. Stable demand from the fireworks/pyrotechnics for the generic barium nitrate products is one of the growth drivers for the barium nitrate market. Besides fireworks/pyrotechnics, military areas are emerging as one of the major end users of the barium nitrate products.
With majority of the countries expanding their military process, leading to increasing investment, the demand for barium nitrate products is expected to experience significant growth. The effect of this driver is more in regions such as North America and Asia-Pacific, and Middle-East. During the forecast period, even more investments are expected, presenting tremendous opportunities for the barium nitrate manufacturers.
- Angene International Limited
- Basstech International Llc
- Hebei Xinji Chemical Group Co Ltd
- Hummel Croton Inc.
- Jiaocheng Sanxi Chemical Co., Ltd.
- Sakai Chemical Industry Co. Ltd.
- Tennants Distribution Ltd
- Xilan Chemicals Co. Ltd
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
3. Market Outlook
4. Global Barium Nitrate Market Size And Forecast (2012 - 2022)
5. Global Barium Nitrate Market, By Geography
6. Porter's Five Forces Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/ktd7n3/global_barium