Barium carbonate, an insoluble alkaline metal carbonate, is predominantly synthesized by reacting barium sulfide and sodium carbonate. This synthesis method heavily influences its price trend. Barite ore is a common source of barium, with rising sales benefiting Asia Pacific traders in Q1 and Q2, reflecting market demand. Electric vehicle sector demand fluctuated initially but stabilized in Q2. In North America, the failure of two major banks caused financial constraints, dampening market momentum and impacting barium carbonate prices negatively.
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Definition
Barium carbonate (BaCO3) is a chemical compound with white crystalline appearance. It is sparingly soluble in water and most acids. Frequently synthesized from barium sulfide and sodium carbonate, it plays a pivotal role in determining its price trend. Utilized in various industries, its source, market demand, and economic conditions affect its pricing dynamics. Notably, the Asia Pacific market’s rising demand, particularly from the electric vehicle sector, impacts its value. Barium carbonate’s distinct properties and intricate pricing mechanisms underscore its significance in industrial applications and market trends.
Key Details About the Barium Carbonate 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 Carbonate 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 Carbonate Price Trends, including India Barium Carbonate price, USA Barium Carbonate 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 Carbonate Price Trend:
Barium carbonate’s versatile properties make it valuable in various industries. In the glass and ceramics sector, it acts as a flux, reducing melting points and enhancing product transparency and luster. In electronics, it’s utilized in cathode ray tube production, emitting green light in fireworks. In oil wells, it serves as a corrosion inhibitor, extending equipment lifespan. Additionally, barium carbonate is employed to produce specialty chemicals like barium oxide and chloride. In radiology, derived barium sulfate is used as a contrast medium. While its industrial applications are vast, precautions must be taken due to its toxic nature, emphasizing safety measures during use.
Key Players:
- Sakai Chemical Industru Co Ltd
- Shaanxi Ankang Jianghua Group Co Ltd
- Chemical Products Corporation
- Solvay
- Honeywell International Inc
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