About Barium Sulfate Market
Barium sulfate is an inorganic compound with low solubility in water, used as a contrast agent for diagnostics purposes and X-ray imaging. It is also used as an indirect additive in food contact substances such as polymers or other packaging material. Also, barium sulfate is used in oil and gas production as an ingredient in drilling fluids.
One of the emerging market trends is the introduction of a new barium sulfate grade. Conventionally, barium sulfate with a specific gravity of 4.2 was used as a weighting agent in drilling fluids. Since 2010, the American Petroleum Institute has issued an alternative grade of barium sulfate of 4.1-specific gravity for use in drilling fluids as it meets the chemical and sizing requirements for drilling activities in the oil and gas industry. Additionally, the introduction of a new grade of barium sulfate has also provided an additional option for buyers, driving the growth of the market in terms of volume.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Barium Sulfate Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Barium Sulfate Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category drivers
Category constraints
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Barium sulfate is an inorganic compound with low solubility in water, used as a contrast agent for diagnostics purposes and X-ray imaging. It is also used as an indirect additive in food contact substances such as polymers or other packaging material. Also, barium sulfate is used in oil and gas production as an ingredient in drilling fluids.
One of the emerging market trends is the introduction of a new barium sulfate grade. Conventionally, barium sulfate with a specific gravity of 4.2 was used as a weighting agent in drilling fluids. Since 2010, the American Petroleum Institute has issued an alternative grade of barium sulfate of 4.1-specific gravity for use in drilling fluids as it meets the chemical and sizing requirements for drilling activities in the oil and gas industry. Additionally, the introduction of a new grade of barium sulfate has also provided an additional option for buyers, driving the growth of the market in terms of volume.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Barium Sulfate Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Barium Sulfate Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category drivers
- Rapid urbanization and increase in disposable incomes across the world
- For a full, detailed list, view our report
Category constraints
- Difficulty in identifying suppliers that can produce the required quantity of barium sulfate within the required timeframes
- For a full, detailed list, view our report
Procurement best practices
- To identify and engage with suppliers that adopt automation in the mining process
- For a full, detailed list, view our report
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints to category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 1: CATEGORY AT A GLANCE- TAKEAWAY 01 - Market Overview
- TAKEAWAY 02 - Demand and Supply Snapshot
- TAKEAWAY 03 - Key Market Dynamics
- TAKEAWAY 04 - Supply Market Highlights
- TAKEAWAY 05 - Pricing Insights
- TAKEAWAY 06 - Procurement Insights
PART 2: SCOPE OF THE REPORT
- Category Definition
- Research Methodology
PART 3: MARKET INSIGHTS
- Category Spend Analysis
- Category Maturity by Regions
- Demand-Supply Shifts
- Regional Demand-Supply Snapshot
- Global Barium Sulfate Production Hubs
- Market Developments
- Regional Impact of Trends
- Key Category Growth Drivers and Corresponding Regional Impacts
- Major Category Growth Constraints and Corresponding Regional Impacts
- Key Current Technological Innovations
- Major Regulatory Frameworks
- Strategic Sustainability Practices
- Porter’s Five Forces
- PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
- Supplier Operational Capability Matrix
- Other Prominent Suppliers by Region: Operational Capability Matrix
- Supplier Functional Capability Matrix
- Other Prominent Suppliers by Region: Functional Capability Matrix
- Key Clients/Partners
- Supplier Cost Breakup
- Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
- Pricing Models Snapshot
- Pricing Models - Pros and Cons
- Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
- Major Category Requirements
- Major Procurement Pain Points
- Category Sourcing Evolution Matrix
- Procurement Best Practices
- Cost-saving Opportunities
- Supplier Selection Criteria
- Category Negotiation Strategies
- SLA Terms
- Supplier Evaluation Criteria
- Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
- Honeywell
- Huntsman
- Solvay
- Nippon
- Sakai
PART 8: APPENDIX
- Glossary
- Key Notes
Executive Summary
New Report Released: Global Barium Sulfate Category - Procurement Market Intelligence Report 2018-2022.The author of the report recognizes the following companies as the key suppliers in the Global Barium Sulfate Category - Procurement Market Intelligence Report: Honeywell, Huntsman, Solvay, Nippon, and Sakai.
Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to engage with suppliers that adopt automation in the mining process as it minimizes the risk of supply disruptions.”
According to the report, one of the key growth contributors for the global barium sulfate market is its extensive use in the paints and coatings industry to modify the consistency of paints, especially paints that are used in the construction and automotive industries.
Further, the report states that a major procurement challenge experienced by the buyers is the difficulty faced while identifying suppliers that can meet qualitative and quantitative requirements.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Honeywell
- Huntsman
- Solvay
- Nippon
- Sakai
Methodology
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