ALL >> Business >> View Article
Global Barium Nitrate Market Size, Share, Development, Growth And Demand Forecast To 2022
Total Articles: 9
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.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/barium-nitrate-market
The term "barium nitrate" describes the salts of barium and nitrate ions, and are colorless crystals having a melting point of 592 degree Celsius. It is soluble in water and exists as a white solid. Barium nitrate occurs naturally as rare mineral nitro-barite. Its properties make it appropriate for use in several military applications, including incendiary ammunition and thermite grenades. Other applications of barium nitrate include production of green signal lights, production of barium oxide and removal of gases from vacuum tubes. One of the main characteristics of barium nitrate is easy decomposition as well as its characteristic green flame. Since barium nitrate helps in improving homogeneity and opacity, it serves as an important nutrient for manufacturing optical glasses. Other benefits of barium nitrate include its usage as an oxidizing agent during the manufacturing of glass. Being a good oxidizer prevents crystallization of glass, hence, leading to better output and productivity.
Barium nitrate is used as a pyrotechnic colorant compound, which causes a flame to burn with a particular color. Barium nitrate is used to produce green colors in fireworks. It is also used in tracer bullets that allow the shooter to trace the trajectory of a bullet with naked eye. Use of fireworks is seasonal and mostly arises in festival seasons. However, the trend of celebrations with firecrackers on New Year or the start of any big event across the globe surges the demand for firecrackers. This in turn, has boosted the demand for barium nitrate from fireworks/pyrotechnics industry across the globe.
Browse For Related Research Visit Here: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
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.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Executive – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Business Articles1. How To Become A Financial Advisor - Demands And What To Anticipate
Author: Ian Marsh
2. Have You Found The Problem In Your Washer And Dryer?
3. The Best Ways To Keep Your Washing Machine In Best Condition
4. How Quality Changes With Formats?
5. How File Transfer Have Change The Media World?
6. Medical Aesthetics Market Report Provides Sizes Of Key Regional Markets Using Yardsticks Of Processe
7. Material Handling Lift Tables
Author: Compliance Solutions
8. Opportunities For The Global Frp Pipe Market To Reach $4.2 Billion By 2023
9. Things To Consider Before Buying Interior Shutters
Author: zunaid galiem
10. On Demand Taxi Booking App Application Script
Author: sam sami
11. Movers And Packers Hosur To Bangalore In India Unionpackers
12. Dental X-rays
Author: Welcome to Master Dental, home to Astoria, NY dent
13. Picket Sections
Author: Quality Fence USA specializes in extruding PVC Vi
14. Follow 5 Tips For Choosing Suitable Invisible Grill For Balcony
15. Moving In Winter: Top 9 Strategies To Make Your Winter Move Bearable!
Author: Rakesh Kr