The global barium fluoride market is anticipated to register substantial CAGR during the forecast period due to rising usage of barium fluoride across the globe.
Barium fluoride is chemically termed as BaF2 with chemical composition of barium and fluoride and is a salt. It is a solid material of transparent crystals that occurs in nature as frankdicksonite. Barium Fluoride is water insoluble and a source for use in oxygen sensitive applications such as metal production. Fluoride compounds have varied applications in existing technologies and science, from oil refining and etching to synthetic organic chemistry and the manufacture of pharmaceuticals.
BaF2 has an emission component with sub-nanosecond decay time. Barium Fluoride has a 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 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.
The global barium fluoride market is segmented on the basis of application, end-use type, and region. On the basis of application, the global market is classified into Ammonium, Hydrogen Fluoride, Calcium Fluoride, Hydrogen Fluoride, Sodium Fluoride, Sulphur Hexafluoride, Others. On the basis of end-use analysis, the global market is classified into Aluminum Metallurgy, Optical Material, Oil Refining, Spectroscopic Components, Pharmaceuticals, Food, Others. Barium fluoride (BaF2) is used in aluminum-metallurgy, enamel and glazing frits production, and the production of welding agents.
Aluminum-metallurgy could be functional as preservative in aluminum refining process; in Enamel and glazing frits production as flux and pacifying agent and in Production of welding agents as components in coatings of welding rods and welding powders
Geographically, the global barium fluoride market is segmented into North America (U.S., Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Nordic countries, BENELUX), Eastern Europe (Poland, Russia), Asia Pacific (China, India, ASEAN, Australia & New Zealand, Japan), Middle East and Africa (GCC, S. Africa).
Asia Pacific accounts for the largest market share and is expected to grow at the highest CAGR during the forecast period from 2014 to 2025. This is due to high demand for barium fluoride in optical material. Barium fluoride market for Asia Pacific is also expected to witness rapid growth during the forecast period mainly credited to the growth of chemical industry, and increasing consumption of barium fluoride in wide range of end-users, particularly in China and India. In China, the demand for barium fluoride is flourishing due to its usage as raw materials of solvent, alkyl alkanolamines, and ingredients of rocket fuels.
North America is expected to grow gradually during the forecast period with maximum market share as it 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, and sodium fluoride. Moreover, 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 key players are Solvay, GFS Chemicals, Inc., International Crystal Laboratories, All-Chemie, Ltd., Barium & Chemicals, Inc., Wego Chemical & Mineral Corp, Alfa Chemical Corp, Super Conductor Materials, and Jay Intermediates.
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