India Barium Carbonate Market revenue size is projected to grow at a CAGR of 4.7% during 2024-2030F

Powder segment by product form held the highest revenue share of India Barium Carbonate Market -6Wresearch

In 2023, the powder segment held the highest revenue share as powdered barium carbonate provides a sufficient surface area for effective dissolution and reactivity in processes where moderate reactivity is required. It strikes a balance between the high reactivity of ultra-fine powders and the lower reactivity of granular forms.

According to 6Wresearch, India Barium Carbonate Market revenue size is projected to grow at a CAGR of 4.7% during 2024-2030F. During COVID-19 pandemic, India barium carbonate market faced downturn as the pandemic significantly disrupted Indian real estate, resulting in a loss of over INR 1 lakh crore. Further, March 2020 lockdown caused around 10 million migrant workers to return home, creating labour shortages that disrupted the ceramic tile industry. These declines reduced the demand for barium carbonate in India, leading to a significant decrease in both production and consumption of barium carbonate, and thereby severely impacting the market. Additionally, in 2021, removing the anti-dumping duty on Chinese barium carbonate increased competition with cheaper imports, potentially impacting the growth of the Indian market. However, the strong rebound of construction, real estate and ceramic sectors led to increased demand for barium carbonate, resulting in production ramp-ups, improved supply chains, and market expansion. Additionally, prices of barium carbonate increased significantly (~33%) in 2024 due to changes by new Andhra Pradesh government which escalated the expected revenue size of 2024 and the upcoming years’ revenue size.

According to Bhawna, Research Manager, 6Wresearch, the frits and enamel segment is projected to capture the largest revenue and volume share in India barium carbonate market and is expected to experience robust growth throughout the forecasted period owing to various upcoming government initiatives for construction sector such as National Industrial Corridor Development Programme, Smart Cities Mission, among others.

These projects are boosting demand for ceramics and decorative materials. Barium carbonate, used as a flux in frits and enamels, lowers melting temperatures, and enhances the stability, colour, and texture of ceramics and glass coatings. As the real estate and construction sectors expand, the demand for barium carbonate in frits and enamel is expected to rise sharply in the coming years.

India Barium Carbonate Market (2024-2030) report provides an in-depth analysis with 30 figures and 10 tables, covered in 83 pages. The report comprehensively covers the market by product form, application and region. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.