TAGS: Architectural Coatings
Transparency Market Research delivers key insights on the precipitated barium sulfate market in Europe. In terms of revenue, the precipitated barium sulfate market in Europe is estimated to reach USD 200 Mn at a CAGR of ~4% by 2030, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the precipitated barium sulfate market in Europe.
Rising Demand in Paints & Coatings Application
The precipitated barium sulfate market in Europe is driven by the rise in the demand for precipitated barium sulfate in the paints & coatings application.
The significant growth of paints & coatings and rubber industries is estimated to fuel the consumption of precipitated barium sulfate, especially in Germany. This, in turn, is anticipated to drive the precipitated barium sulfate market in Europe.
Precipitated barium sulfate is employed as a filler agent in paints, coatings, rubber, and plastics, as it possesses beneficial properties such as chemical inertness, nontoxicity, and high specific gravity.
Precipitated barium sulfate is widely used in the paints industry as an extender for primers, as it provides clean whiteness. It is useful for walls and undercoats to beautify smooth walls. Precipitated barium sulfate is an ideal alternative for expensive materials used in paintings such as crypton, basofor, monox, and titanium dioxide, which are used for filling.
These characteristics of precipitated barium sulfate and its usage in the paints industry are expected to boost the demand for precipitated barium sulfate in the near future.
Source: TMR