Product
Barium Sulfate Price Trend and Forecast
Barium Sulfate Price Trend and Forecast
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 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.
Barium Sulfate Price Chart
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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.
About
Barium Sulfate is a chemical compound, typically found as a white, odorless powder. It is widely used in various industries, including oil and gas drilling, as a component of drilling fluids to increase wellbore stability and control pressure. Additionally, it has applications in X-ray imaging, paints, plastics, and the manufacture of various products, where its high density and chemical inertness make it valuable.
Product Details
| Report Features | Details |
| Product Name | Barium Sulfate |
| Industrial Uses | Drilling fluids in the oil and gas industry, X-ray contrast imaging, Enhancing opacity and brightness in paints, Filler in plastics, Paper and textile Industries |
| Chemical Formula | BaSO4 |
| Molecular Weight | 233.4 g/mol |
| Supplier Database | Dongfeng Chemical, Shaanxi Fuhua Chemical, Sachtleben Chemie, Xuri Group, ShenzhouJiaxin Chemical, Nippon |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Barium Sulfate Production via the reaction of barium chloride and sodium sulfate
In the process the sulfate and chloride ions are exchanged with double displacement reaction and Barium Sulfate is produced.
- Barium Sulfate Production from Barite ore
Barium Sulfate is extracted from barite ore and undergoes filtration to separate the impurities. Further, it is grinded and classified to obtain barium sulfate as the end product.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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