In 2023, the Barium Nitrate market faced a lackluster performance, marked by low demand and stagnant prices. The subdued market sentiment resulted from sluggish downstream demands and abundant inventory levels. Reduced prices of feedstock Barium Carbonate and Nitric Acid further contributed to the market’s dull behavior. The economic recession impacted consumer buying behavior, leading to decreased offtakes for Barium Nitrate, hindering its recovery.
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Definition
Barium Nitrate is an inorganic chemical compound with the formula Ba(NO3)2. It is a white, crystalline solid and a common source of barium ions in various applications. Due to its high solubility in water and ability to release oxygen when heated, it is widely used in pyrotechnics for green coloration in fireworks. It also finds use in the manufacturing of other barium compounds, as well as in the production of special glass and ceramic materials.
Key Details About the Barium Nitrate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Barium Nitrate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Barium Nitrate Price chart, including India Barium Nitrate price, USA Barium Nitrate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Barium Nitrate Price Trend:
Barium Nitrate has key industrial applications in various sectors. It is a crucial component in pyrotechnics and fireworks, providing a green color. Additionally, it is utilized in the manufacturing of other barium compounds, specialty glass, and ceramics. Its oxidizing properties make it valuable in certain chemical processes and as an ingredient in military explosives and propellants.
Key Players:
- Solvay S. A
- Basstech International LLC
- San Yuan Chemical Co. Ltd.
- Barium Chemicals Co. Ltd
- Degussa AG
- Sakai Chemical Industry Co.
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