Global Barium Fluoride Market Size, Trends & Forecast Overview
Barium fluoride (BaF2) is a compound formed of chemical composition of barium and fluorine. It is an odorless white salt and is available in solid as a transparent crystal. It occurs in nature as a mineral. Barium Fluoride is less resistant to water than Calcium Fluoride and can be used up to 800oC in dry air.
Barium fluoride has huge applications in substances or in mixtures for metallurgical, welding, soldering agents, glass manufacturing and many more. It is not a combustible substance. It can be used in IR laser applications. It has huge range of applications in optical market as it can be used in glass compositions that form the lenses. The extensive use as refrigerants, pharmaceutical intermediates, and fluoropolymers; also widely consumed in metal polishing, production of gasoline, stainless steel, semi-conductor preparation, and various applications in the chemical and specialty metal production industries. Barium fluoride is also used in the fabrication of optical windows to transmit radiation in the spectrum from IR to UV. Barium fluoride is resistant to water and thus can be used for various environmental instrumentals.
Many manufacturing units are concentrating towards the growing applications of barium fluoride. Moreover, the advantageous property of barium fluoride is its high-quality product at low cost is forcing significant changes in the Barium Fluoride supply chain. Currently the global barium fluoride market is observing vibrant growth owing to increasing demand of metallurgical products, optical materials, pharmaceuticals and many more. Due to its widespread usage in Enamel and glazing frits production as flux and pacifying agent and also in production of welding agents as components in coatings of welding rods and powders, metallurgical sector is more involving usage of Barium Fluoride.
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As per the above graph there has been a rise in global metal volume index annually from 2015 to 2018. In 2015, the metal annual change was decreasing by 1.7% which rose to 6.5% in 2016, then 6.6% in 2017 and finally 6.8% in 2018. This growth in metal industry is rising the demand for barium fluoride in the market owing to drive the barium fluoride market.
On the basis of regional platform, global barium fluoride market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia-Pacific is comparatively showing the highest market share and growth with relatively high CAGR and will continue to show rapid growth during the forecast period due to its high demand for barium fluoride in optical materials especially in China and India. North America will experience the rapid increase in the production capacity due to wide range of applications including ammonium, hydrogen fluoride, calcium fluoride, and sodium fluoride production. The top leading manufacturers of the market is expanding their product range in this region and thus North America will contribute to the largest share in the market during the forecast period. The barium fluoride market is projected to register healthy growth due to rising usage of barium fluoride across globe. The market in Europe has been expanding continuously due to the increase in production capacity of barium fluoride and development in infrastructure facilities. Latin America, Middle East & Africa will also account for significant market share.
Market Segmentation
Our-in depth analysis of the global barium fluoride market includes the following segments:
By Application Type:
- Metal Manufacturing
- Glass Etching & Polishing
- Production Of Gasoline
- Stainless Steel Pickling
- UV and IR- Spectroscopy
- Welding Agents
- Others
By End Use Industries:
- Aluminum Metallurgy
- Optical Market
- Oil Refining
- Pharmaceuticals
- Others
By Region
Global Barium Fluoride Market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers
Widespread Usage of Barium Fluoride
The rising demand for barium fluoride is due to extensive use as refrigerants, pharmaceutical intermediates, and fluoro-polymers. This is also widely consumed in metal polishing, production of gasoline, stainless steel, semi-conductor preparation, and various applications in the chemical and specialty metal production industries which drives the growth rate all over the world.
Optical Market
The barium fluoride is also used in the fabrication of optical windows to transmit radiation in the spectrum from IR to UV and as it is resistant to water, it can be used for various environmental instrumentals. These properties of barium fluoride contribute to its growing market share.
Restraint
Health Issues
However, it can be harmful when used for a prolonged period as its high concentration can cause bone fluorosis, irritation in eyes; harmful if inhaled and can cause several breathing problems. Moreover it is also harmful to aquatic life. Barium fluoride is non-combustible but it releases other hazardous decomposition products. These environmental factors along with presence of carcinogenic content in the product and its impact on the health are expected to hinder the market growth over the assessment period.
Top Featured Companies Dominating the Market:
- Barium & Chemicals Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Solvay
- International Crystal Laboratories
- GFS Chemicals Inc.
- All-Chemie Ltd.
- Triveni Interchem Private Limited
- Barium & Chemicals Inc.
- Wego Chemical & Mineral Corp
- Super Conductor Materials
- Alfa Chemical Corp
