Research labs and other end users are raising the demand for barium titanate. Hence, companies in the barium market are increasing their production capabilities to meet end user demands. For instance, MSE Supplies LLC - a scientific supplier of high-quality crystal substrates, is increasing its efforts to strengthen its supply chain for barium titanate across the U.S. to encourage advancements in research fields such as photovoltaics, material science, and energy storage.
Companies in the barium market are tapping into incremental opportunities in the field of semiconductors, biomedical research, and optical materials to bolster market growth. This is evident since the barium market is projected to reach US$ 4.5 Bn by the end of 2030. As such, researchers are focused on measuring and mapping the resulting stress in barium titanate.
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Oil & Gas Companies Demand Products to Help Dissolve Barium Sulfate Deposits
Barium sulfate deposits have been a common problem in oil field and gas production operations. It has been found that these scales of barium sulfate interfere with fluid flow, resulting in equipment replacement and thus, causing production losses and increased expenditures for oil & gas companies. Hence, companies in the barium market are innovating in products that help in removing and breaking down barium sulfate scales. For instance, FQE Chemicals - a chemical innovator based in Texas, is promoting its products FQE Barium-Clear, which is effective in completely dissolving barium sulfate scales.
Manufacturers in the barium market are showcasing their case studies, which demonstrate the efficacy of their products. This helps manufacturers to boost their credibility credentials in the global market landscape.
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Barium Enema X-ray Gains Popularity in Assessment of Lower Gastrointestinal Series
Companies in the barium market are establishing stable revenue streams by expanding their business in photovoltaic applications. Likewise, the barium enema X-ray method is being highly publicized in the market, which helps in the assessment of large intestine involving colon and rectum. The high prevalence of cancer patients worldwide is acting as a key market driver for revenue growth. As such, the market is estimated to progress at a modest CAGR of ~5% during the forecast period.
An alarming number of patients with lower gastrointestinal series, Colorectal cancer, Crohn’s disease, and the likes have catalyzed the demand for barium enema X-ray. Hence, manufacturers in the barium market are capitalizing on this demand to increase the availability of barium enema X-ray in hospital radiology departments and other healthcare centers.
Barium-impregnated Food Materials Help in Management of Dysphagia amidst COVID-19 Outbreak
The coronavirus (COVID-19) pandemic has subsided in China, Europe, and countries of East Asia. However, healthcare and medical centers in countries such as the U.S., Russia, Brazil, and India are still compromised due to the ongoing pandemic. This has raised questions about the management of dysphagia patients with head and neck cancer. Hence, online medical news outlets are increasing awareness about various alternatives to manage dysphagia, which involves the modified barium swallow instrumental study. Companies in the barium market are capitalizing on this opportunity and increasing the availability of barium in pharmacies and clinics.
Barium-impregnated food materials of different consistencies are being used for the treatment of dysphagia patients with head and neck cancer. Since healthcare systems are overwhelmed with the new COVID-19 patients, companies in the barium market are increasing the availability of barium in pharmacies and clinics to meet end user requirements for home care.
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