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Barium hydroxide is a chemical compound with chemical formula Ba (OH)2(H2O)x. when the value of x in the chemical formula is 1, the compound is known as Barium Hydroxide Monohydrate. It is also called as baryta or baryta water which is known as one of the key compounds of barium. Commercially, the white granular form is used widely. It is used as precursor for other barium compounds, to remove sulfate from various products as barium sulfate has very low solubility. It is also used in chemical laboratory, for the titration of poor acids particularly organic acids.
The increasing demand from chemical industries to manufacture barium derived compounds like barium phosphate, barium sulphate, barium carbonate and others which are used in cement, glass, paper and other end-use is driving the market. Moreover, barium hydroxide monohydrate is a strong base which makes it an excellent acid-neutralizing agent. The use of barium hydroxide monohydrate as raw material for cement, paper and glass industry shall foster the market growth.
However, barium hydroxide monohydrate is a strong base and is hazardous like other water-soluble barium compounds. The corrosive and poisonous aspect of this compound is likely to hamper the growth of the market.
Key Market Driver -
Increasing demand from chemical and glass industry.
Key Market Restraint -
Corrosive and toxic nature of barium hydroxide monohydrate may hinder industry growth
Based on type, the market is segmented into powdered barium hydroxide monohydrate and granular barium hydroxide monohydrate. Based on application, the market is segmented into chemical, glass and textiles, rubber, paper & pulp, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global barium hydroxide monohydrate market consists of global & regional players operating. Some of the key players in the market include Solvay Chemical Products Corporation, Sigma Aldrich, Barium India, ALPHA CHEMIKA, Shenzhou Jiaxin Chemical Fengda Chemicals BassTech International, and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to be the largest market due to the growing demand from chemical industries. The large number of manufacturing bases of chemical and cement industries in China and India are creating high demand for Barium Hydroxide Monohydrate. North America is expected to show significant growth attributed to the reserves of barite across U.S. Europe is expected to show considerable growth attributed to demand for bricks, cement and photographic films production. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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