Barium Nitrate Market will witness a rapid growth to 2025 Barium Nitrate Market

Barium Nitrate Market anticipated to witness healthy CAGR over
2019-2025: Global Market Insights, Inc.
According to a new research report by the market research and strategy consulting
firm, Global Market Insights, Inc, Barium Nitrate Market size is projected to register
substantial gains from 2019 to 2025 owing to its extensive applications in the explosive
industry. It is extensively utilized as an oxidiser to produce green fireworks. It is also
used to manufacture explosive known as “Baratol” which consists of TNT, barium
nitrate and a binder. Increasing demand for explosives in defence and military industry
is anticipated to drive barium nitrate market demand over the forecast period.
Barium nitrate is a crystalline, inorganic salt of nitrate and barium ions. It is odourless
and water soluble and exists as white crystal at room temperature. It is produced
synthetically using one of two processes. The first process involves heating the
solution of sodium nitrate with barium chloride to obtain barium nitrate crystals. The
second process includes dissolving knobs of barium carbonate in nitric acid and then
letting the impurities of iron to precipitate followed by filtration, evaporation and
crystallization.
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.
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
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