Barium Fluoride is chemically termed as BaF2 with chemical composition of barium and fluoride. Barium fluoride is a salt and water insoluble barium source that is used in oxygen-sensitive applications includes metal production. Barium Fluoride have varied range of applications in modern technologies and science, ranging from etching and oil refining to the manufacture of pharmaceuticals synthetic and organic chemistry.
Barium Fluoride is also used in spectroscopic components and is commonly suitable for the passive IR band (8 to 14µm), as well as view-port window for thermography. Barium fluoride distinct crystals are cross-luminescent scintillators with short emission times, heavy, and high primary photon intensities.
In addition to scintillation properties, barium fluoride is also applicable in the fabrication of optical windows transmitting radiation in the spectrum from IR to UV. Moreover, barium fluoride is required to produce BaY2F8 crystals for UV-lasers and is also appropriate for a number of instrumental environments due to its resistance to water damage.
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Barium Fluoride Market: Drivers & Restraints
The major factors driving the growth of barium fluoride market are rising growth of fluoride market, increasing end-user application across numerous sector, increasing production and consumption patterns. Barium fluoride is one of those chemical compound which are majorly used in the aluminum metallurgy, production of welding agents, optical and others.
The growing applications are resulting in the increasing demand for barium fluoride across the globe. Key factors driving the growth of flame proof lighting market in the region include increasing growth of lightning market, high end-user application in various industries, and technology advancement in lightning.
Demand of barium fluoride is rising, as barium fluoride is versatile valuable intermediate for various applications and intermediate and building block in a variety of end-user industry On the other hand, factor restraining growth of barium fluoride market is its side effects when overdosed including cancer, bone weakness, kidney stone & failure, memory loss, etc. Moreover, other factors are governmental regulations, and its strong reaction property.
Barium Fluoride Market: Regional Outlook
Regarding geography, barium fluoride Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Barium fluoride market is expected to register significant CAGR during the forecast period. Asia-Pacific represents the comparatively high market share and grow with relatively high CAGR in forecast period due to high demand of barium fluoride in optical material.
North America is experiencing the rapid increase in the production capacity of barium fluoride as demand for barium fluoride in wide range of application such as ammonium, hydrogen fluoride, calcium fluoride, hydrogen fluoride, and sodium fluoride. In addition, with growing demand for barium fluoride is growing in North America, top leading manufacturers of the market is expanding their product range in the region.
The Barium fluoride market is projected to register healthy growth due rising usage of barium fluoride across globe. Barium fluoride market for Asia Pacific is also expected to witness rapid growth during the forecast period primarily attributed to the growth of chemical industry, and increasing consumption of barium fluoride in wide range of end users, especially in China and India. In China, demand of barium fluoride is booming due to its usage as raw materials of solvent, alkyl alkanolamines, and ingredients of rocket fuels.
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Barium fluoride Market: Key Players
Some of the key players identified in the barium fluoride market are:-
- GFS Chemicals, Inc.
- International Crystal Laboratories
- All-Chemie, Ltd.
- Barium & Chemicals, Inc.
- Wego Chemical & Mineral Corp
- Alfa Chemical Corp
- Super Conductor Materials
- Jay Intermediates
Barium Fluoride Market: Market Segmentation
The barium fluoride market is segmented into four parts based on the application type, end-user, and geography.
Based on the application type the barium fluoride market is segmented into:
- Hydrogen Fluoride
- Calcium Fluoride
- Hydrogen Fluoride
- Sodium Fluoride
- Sulphur Hexafluoride
Based on the end-use type the barium fluoride market is segmented into:
- Aluminum Metallurgy
- Optical Material
- Oil Refining
- Spectroscopic Components
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.