Barium Nitrate Market will witness a substantial growth by 2025

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Barium Nitrate Market predicted to grow
exponentially by 2025 Global Market Insights,
Inc.
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Regional Analysis of Barium Nitrate Market

• Asia pacific, led by Australia, South Korea,
  Japan, China and India barium nitrate market is
  anticipated to experience significant growth in
  electronics industry. Electronics industry in
  India is one of the largest markets worldwide and
  is estimated to reach 228 billion by 2020.
  Technological advancement including rollout of
  4G/LTE networks and IOT have bolster the adoption
  of electronics products in the region. Moreover,
  government initiatives including Digital India
  and Smart City projects will boost electronics
  manufacturing in India which is anticipated to
  drive demand for electronics product and thereby
  driving market demand over the forecast period.
• Europe, driven by UK, Spain, Italy, France and
  Germany barium nitrate market may observe steady
  gains due to rising automotive industry supported
  by innovative product launch and favourable
  regulatory environment. European automotive
  industry represents 7 of the total GDP of the
  region. According to estimates approximately 19.2
  million trucks, cars, vans and buses are
  manufactured in Europe annually, which is likely
  to register strong demand for semiconductors and
  thus driving market growth.

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Regional Analysis of Barium Nitrate Market

• North America, led by Mexico, Canada and the U.S.
  barium nitrate market size, is anticipated to
  rise significantly in the projected time period.
  The U.S. has the largest defence budget in the
  world with over USD 586 billion in 2017.
  Geopolitical tensions in the region are likely to
  intensify the demand for military equipments and
  explosives, thus propelling regional product
  demand.

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• Application Analysis of Barium Nitrate Market
• Barium nitrate market from glass manufacturing
  application to observe significant growth in the
  estimated timeframe. It is utilized as a plaining
  agent to produce optical and special glasses in
  combination with arsenic and metal nitrate.
  Rising prevalence pf visual deficiencies
  specially among aging population is likely to
  propel the demand for optical glasses for eyewear
  which will boost product demand. Moreover,
  growing construction activities supported by
  increase in foreign investments along with
  infrastructure spending mainly in India and China
  will favour glass demand used in buildings and
  homes thereby promoting industry growth.
• Barium nitrate market size from ceramics
  application may witness steady gains on account
  of growing product usage in combination with
  ceramic powder to manufacture semi-conductors,
  capacitors and super-conductors. These conductors
  and capacitors are widely used in electronics,
  automotive, and aviation industry. Rise in new
  and high-end technology adoption supported by
  increase in purchase ability is likely to propel
  electronics and automobile demand, thereby
  promoting industry growth.

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• Application Analysis of Barium Nitrate Market
• Global pyrotechnics and explosives market may
  surpass USD 30 billion by 2025 owing to rising
  product demand in mining and construction
  activities. Increasing number of projects for
  infrastructure development is anticipated to
  drive the demand for explosives used as a
  blasting agent. Moreover, growing demand for
  fireworks specially during various occasion and
  festivities is estimated to increase the
  consumption of barium nitrate in pyrotechnics,
  thus driving its barium nitrate market demand.
• Rising concerns regarding disposal of these
  compound supported by stringent environment
  policies may hamper industry growth. Barium
  nitrate is water soluble an if not disposed
  properly may harm aquatic life and environment
  which may act as major restricting factor towards
  industry growth, thus affecting barium nitrate
  market profitability.

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Competitive Market Share of Barium Nitrate
Market

• Global barium nitrate market share is moderately
  fragmented. The key players operating in the
  market includes Solvay S.A., Barium Chemicals Co.
  Ltd., Sigma Aldrich Corporation, Nippon Chemical
  Industries, Merck KGaA, Sakai Chemical Industry
  Co. Ltd., Basstech International LLC., Degussa
  AG, Angene International Limited.

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