Barium Oxide’s price dynamics closely mirrored feedstock Barium Nitrate trends in early 2023. The market faced challenges, with high inventories and weak demand from chemical and manufacturing sectors. Global economies continued to recover from a tough 2022, with reduced consumer purchasing power hindering market growth. Companies cut production to balance supply and demand, leading to overall market pessimism.
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Definition
Barium oxide (BaO) is a chemical compound that is a white, crystalline substance with various industrial applications. It is synthesized through the thermal decomposition of barium nitrate. Barium oxide is known for its high melting point, electrical insulating properties, and its use in the production of special glasses, ceramics, catalysts, and in metallurgical processes. However, it is toxic and must be handled with care.
Key Details About the Barium Oxide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Barium Oxide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Barium Oxide Price Trends, including India Barium Oxide price, USA Barium Oxide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Barium Oxide Price Trend:
Barium oxide finds key industrial applications in various sectors. It is used in the glass industry to enhance optical properties and chemical durability, in ceramics for electrical insulators and piezoelectric devices, and as a catalyst in chemical reactions. In metallurgy, it serves as a deoxidizing agent, while the petroleum industry employs it for catalytic purposes in oil refining processes. Additionally, it is used in the nuclear industry for radiation detectors and in water treatment to remove specific contaminants.
Key Players:
- Solvay SA
- Tata Chemicals Limited
- Merck KGaA
- Nippon Chemical Industries Co., Ltd
- Showa Denko KK
- American Elements Corporation
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