Barium Nitrate Price Trend and Forecast

Regional Price Overview

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

Barium Nitrate Price Trend for the Second Half of 2023

Barium nitrate is predominantly utilized in the pyrotechnics industry to produce green-colored fireworks. Barium nitrate's ability to oxidize and produce vibrant green flames makes it a popular choice in firework formulations. Additionally, it serves as an oxidizer in the manufacture of various types of explosives and fireworks. In the electronics industry, barium nitrate finds application in the production of ceramic capacitors due to its dielectric properties, contributing to the functionality of electronic devices.

Barium Nitrate Price Chart

Barium Nitrate Price Trends

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The extensive usage of barium nitrate in firecrackers and explosives is the major driver of its price trend. In India, in order to curb the rising pollution figures and growing concerns about the toxicity of barium, the Supreme Court announced a ban on the usage of this compound.

This caused a striking decline in the procurement rates of barium nitrate by the downstream industries, and eventually, its price trend also took on a downward journey in the last two quarters of 2023. Further, the additional challenges of obtaining barium and stricter environmental regulations on mining activities, not only in Asian countries but around the globe, also constricted the supply chains, which eventually degraded the overall sentiments and momentum of the barium nitrate market as well as its price trend.

Analyst Insight

According to Procurement Resource, the price trend of Barium Nitrate is expected to decline in the forthcoming quarters as the rising environmental concerns and low production will hamper the growth trajectory of barium nitrate price trend.

Barium Nitrate Price Trend for the First Half of 2023

The Barium Nitrate market continued its dull run in 2023 as well. Market sentiments were low, and the price trend for Barium Nitrate were almost stagnant with low swinging patterns.

The primary reasons behind poor market performance were dull downstream demands and high inventory volumes. Market demands from downstream chemical, and propellent industries were bearish and could easily be catered by the existing stocks. Also, the reduced feedstock Barium Carbonate and Nitric Acid prices further added to the dull market behavior.

The economic recession faced by international economies resulted in a severe cost of living crisis in several countries, which significantly altered consumer buying behavior and made it more essentials centric. So, the market offtakes for Barium Nitrate and associated products plunged and could not recover for a long time.

Analyst insight

According to Procurement Resource, the Barium Nitrate prices are expected to continue similar sullen market trend, as the supply stocks are still overflowing, and market demands are not expected to pick up any time soon.

Procurement Resource provides latest prices of Barium Nitrate. 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.

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About

Barium nitrate is an inorganic compound.  It's colourless, poisonous, and water-soluble, like other barium salts. It is an oxidizer that burns with a green flame and is often used in pyrotechnics.

Product Details

Report Features Details
Product Name Barium Nitrate
Industrial Uses Oxidizing/Reducing Agent, Propellants, Blowing agents
Chemical Formula Ba(NO3)2
Synonyms Nitrobarite, Nitric acid, barium salt, Barium dinitrate
Molecular Weight 261.33 g/mol
Supplier Database Solvay S. A, Basstech International LLC, San Yuan Chemical Co. Ltd., Barium Chemicals Co. Ltd, Degussa AG, Tennants Distribution Ltd., Sakai Chemical Industry Co.
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

  • Production of Barium Nitrate from Barium Carbonate

Two processes begin with barium carbonate to produce barium nitrate. The first step is to dissolve barium carbonate in nitric acid, allowing any iron impurities to precipitate before filtering, evaporateing, and crystallising. The second method involves combining barium sulphide and nitric acid to produce barium nitrate.

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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