Barium Sulfate Price Trend and Forecast

Barium Sulfate Regional Price Overview

Get the latest insights on price movement and trend analysis of Barium Sulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Barium Sulfate Price Trend for the Year 2024

Barium sulfate prices followed a fluctuating pattern throughout 2024, largely influenced by similar market dynamics affecting related compounds. The year began with a downward trajectory as weak demand from key industries like paint, coatings, and medical diagnostics coincided with adequate inventory levels.
 

Barium Sulfate Price Chart

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In Q2, the market experienced a modest recovery as industrial activities resumed after seasonal slowdowns. Transportation challenges, including the Red Sea crisis and freight disruptions, created supply constraints that temporarily supported price stabilization. By mid-year, manufacturing costs increased due to rising raw material prices, particularly from barium feedstocks.

The third quarter saw gradual price increases driven by logistical bottlenecks, including port congestions and weather-related shipping delays. However, this upward momentum was short-lived. In Q4, prices declined again as oversupply conditions returned, with manufacturers struggling to balance production volumes against tepid demand. The construction industry slowdown during winter months further weakened consumption rates.

Analyst Insight

According to Procurement Resource, Barium Sulfate prices are expected to remain under pressure in early 2025, though modest recovery may occur as downstream industries adapt to economic conditions and manufacturing activities normalize.
 

Barium Sulfate Price Trend for the Second Half of 2023

Barium sulfate experienced a downward price trajectory during the second half of 2023, influenced by several regional and global factors. The market faced pressure similar to its chemical relative barium nitrate, with environmental regulations significantly impacting production and demand.

In Asia, the market saw declining prices due to weakened demand from downstream industries, particularly in the paint and coating sectors where barium sulfate serves as a key ingredient. The region's sluggish economic recovery further dampened procurement rates. Additionally, India's restrictions on barium compounds extended market effects beyond just barium nitrate to sulfate derivatives.

North American markets initially showed hesitation in bulk orders but stabilized toward the end of the year with modest demand recovery. However, this was insufficient to offset the overall downward pressure on prices. European markets maintained slightly better stability due to balanced supply-demand dynamics, though high energy costs continued to challenge producers.

Analyst Insight

According to Procurement Resource, the Barium Sulfate market is expected to face continued challenges in coming quarters as environmental regulations tighten globally, though potential growth in specialized applications like medical diagnostics may provide selective market opportunities.
 

Barium Sulfate Price Trend for the First Half of 2023

Barium Sulfate prices mimic the price trend of its feedstock compounds, barium chloride, and sodium sulfate. Barium Sulfate is greatly consumed in the oil industry as the oil well drilling fluid; other sectors like X-ray imaging, plastics, rubber, pigments, paper, textiles, etc., also use Barium Sulfate generously. Demands from these downstream sectors influence the Barium Sulfate market trend.

In H1’23, the industrial recovery in China and Europe fuelled the Barium Sulfate demands initially at the beginning of the first quarter. However, as the quarters shifted, the overflowing inventories started dominating as the suppliers had to discount the Barium Sulfate prices in order to promote the stock movement. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, the Barium Sulfate prices are likely to continue fluctuating in the coming months given the current volatilities in the downstream demands.

Procurement Resource provides latest prices of Barium Sulfate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.