Global Barium Petroleum Sulfonate Market Outlook 2022

Barium Petroleum Sulfonate is extracted from petroleum oil fraction by sulfonation, alcohol water extraction and barium salt saponification, and then refined finally. It is used as an anti-corrosion additive for anti-rust oil.
North America dominated the global barium petroleum sulfonate consumption market over the recent years. This trend is presumed to continue on account of extensive drilling operations being carried out in these regions. Fervent shale gas exploration in North America is expected to assist the regional market. Middle East & Africa are presumed to witness rapid rise in consumption owing to massive onshore and offshore hydrocarbon discoveries. Ardent initiatives by governments to develop their domestic hydrocarbon scenario, especially in countries with high energy consumption such as China, India, Brazil, and the U.S, are expected to drive the respective regional markets.

Market Analysis and Insights: Global Barium Petroleum Sulfonate Market
The global Barium Petroleum Sulfonate market was valued at US$ million in 2020 and it is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Barium Petroleum Sulfonate Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Barium Petroleum Sulfonate Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type
Solid
Liquid


Segment by Application
Rust Preventatives
Coatings and Greases
Greases
Hydraulic Fluids
Other


By Company
Lanxess
MORESCO Corporation
Ganesh Benzoplast Limited
Eastern Petroleum Private Limited
Wilterng Chemicals Ltd
Unicorn Petroleum Industries
Xinji Rongchao Petroleum Chemical
Xinji Beifang Huagong
Tianyu Petroleum Additive
Nanjing Runyou Chemical industry Additive
Wuxi Qilian Petrochemical
Danyang Boer Oil Additive
Xinji Jiangyang Chemical

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E