Barium Nitrate is a chemical compound that comprises barium, nitrogen, and oxygen as its key elements and is commonly known as barium salt or nitrobarite. It is a compound that burns, emits a green-colored flame, and acts as an excellent oxidizing agent. It is a solid substance that is generally white in color and enhances the combustion properties of the elements or compounds. It is commercially obtained by reacting barium carbonate in nitric acid or by reacting nitric acid with barium oxide.
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Due to its oxidizing abilities, the compound is extensively used in manufacturing firecrackers and other combustible substances. It has other applications associated with the chemical manufacturing industry on large-scale production.
The key importing countries for Barium Nitrate are the Netherlands, Germany, and France. On the other hand, the key exporting countries include Germany, Belgium, and the Netherlands.
Key Details About the Barium Nitrate 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 the Barium Nitrate price 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 Nitrate Price chart, including India Barium Nitrate price, USA Barium Nitrate 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 Barium Nitrate Price Trend:
Barium Nitrate is an industrial chemical that has several applications in the commercial sector. It is primarily used in manufacturing combustible products due to its oxidizing property. It is also used as a key ingredient that is utilized to manufacture a few industrial chemicals on a large scale. It is used in the production of materials that contain barium oxide. The compound gives a green light on burning and is used in manufacturing the green light signal sticks.
Moreover, the ceramic manufacturing industries use Barium Nitrate to glaze the ceramics products. It is used as a rodenticide that helps in preventing rodent attacks. It also marks its association with the paint and fabrications industries, where it is utilized to produce primers, paints, and tracer bullets. It is used as a propellent, blowing, and oxidizing agent in several commercial domains across the globe.
Key Players:
- Solvay S. A
- Basstech International LLC
- San Yuan Chemical Co. Ltd.
- Barium Chemicals Co. Ltd
- Degussa AG
- Tennants Distribution Ltd.
- Sakai Chemical Industry Co.
News & Recent Development:
- October 13, 2023: Supreme Court bans the use of Barium Nitrate in crackers, causing a drop in the sales rate of firecrackers in many states.
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