Barium Nitrate Market 2021
Barium Nitrate is an organic salt composed of barium and nitrate ion. It is a colorless, odorless, and easily soluble in water as well as in ethanol and acetone. Barium nitrate is a crystalline substance which can occur naturally as nitrobarite and can be manufactured by two processes. In the first process, reaction of barium carbonate with nitric acid is carried out, which results in separation of barium nitrate crystals from the mixture. The second process involves the reaction of sodium nitrate solution with barium chloride, which produced barium nitrate crystals. The thermal decomposition of the product take place at around 500ºC -700ºC with the release of oxygen, barium oxide, and nitrogen dioxide. When barium nitrate blended with aluminum powder, a formula for flash powder, is highly explosive and when it is mixed with Thermite, it forms Thermate-TH3, which is extensively used in military thermite grenades. Barium nitrate acts as an oxidizer and is widely consumed to produce green fireworks.
Global barium nitrate market accounted for over USD 2,585 million in 2017 and is expected to grow at a CAGR of 5.8% during the forecast period, 2021–2026.
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