During the first half of 2023, Barium Sulfate prices closely mirrored the price patterns of its source materials, barium chloride and sodium sulfate. This versatility in applications in various industries, including oil drilling fluids, X-ray imaging, plastics, rubber, pigments, paper, and textiles, etc. drove the market sentiments. Initially, the industrial recovery in China and Europe spurred demand in the first quarter, but as time progressed, surplus inventories led suppliers to offer discounts, resulting in mixed market sentiments.
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Definition
Barium Sulfate is a chemical compound, typically found as a white, odorless powder. It is widely used in various industries, including oil and gas drilling, as a component of drilling fluids to increase wellbore stability and control pressure. Additionally, it has applications in X-ray imaging, paints, plastics, and the manufacture of various products, where its high density and chemical inertness make it valuable.
Key Details About the Barium Sulfate 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 Sulfate 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 Sulfate Price chart, including India Barium Sulfate price, USA Barium Sulfate 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 Sulfate Price Trend:
Barium Sulfate serves key roles in multiple industries. In the oil and gas sector, it is crucial for drilling fluids, stabilizing wellbores, and regulating pressure. In healthcare, it is vital for X-ray contrast imaging. Moreover, it enhances the opacity and brightness of paints, is used as a filler in plastics, and contributes to paper and textile production by improving quality and texture. Its chemical inertness and high density make it invaluable in these applications.
Key Players:
- Dongfeng Chemical
- Shaanxi Fuhua Chemical
- Sachtleben Chemie
- Xuri Group,
- ShenzhouJiaxin Chemical
- Nippon
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