Global Barium Petroleum Sulfonate Market is Projected to Reach $ 34 Million by 2023

Date: 2021-01-22

Barium Petroleum Sulfonate is a high molecular weight, oil soluble, Neutral Barium Sulfonate. Solid Barium Petroleum Sulfonate and Liquid Barium Petroleum Sulfonate are the base classification, which represent 87% and 12% of global Barium Petroleum Sulfonate market.

The wide acceptance of barium petroleum sulfonate across several industries is a major factor responsible for the growth of global market. Rising energy demand has elevated hydrocarbon exploration & manufacturing companies to increase their drilling activities. These practices are assumed to positively impact the market during the forecast period.

Barium Petroleum Sulfonate is produced from sulfonic acid and is further neutralized with barium hydroxide, it is primarily used as a component in hydrocarbon drilling fluids. The prominent industrial application is the rust inhibition. Barium Petroleum Sulfonate also acts as a de-emulsifying agent, non-staining agent, wetting agent, paper brightener, dispersant in engine oils to name a few. On a small scale, Barium Petroleum Sulfonate is also used soil testing, colorimetry, metal casting, brake linings, powder coatings, and root canal fillings. This usage in the wide variety of applications is driving the market for Barium Petroleum Sulfonate. R&D initiatives to develop superior products with wide applications offer vast opportunities for industry growth and development.

Rust Preventatives, Coatings and Greases, Slushing Oils and Hydraulic Fluids are the main application of Barium Petroleum Sulfonate product and Asia is the largest Barium Petroleum Sulfonate market on production and consumption.

Xinji Rongchao Petroleum Chemical Plant produces benzotriazole, tolyltriazole, sodium petroleum sulfonate T702 and barium petroleum sulfonate T701. The plant actively introduces advanced technology and equipment, pays attention to talent cultivation and technological innovation, annually yields 3,000 tons benzotriazole and 2,500 tons tolyltriazole and forms five integrated modes of design, production and sales. Our products are widely applied to the industries such as petrochemical industry, electronics, etc. Furthermore, the plant has been certified to ISO9001, 14001 and 18001, has its own import and export department and provides customers with perfect service.

 

Xinji Rongchao Petroleum Chemical Plant is a professional manufacturer of petrochemical products. The plant was founded in 2000 with a registered capital of RMB 100,000 and now owns capital of RMB 18 million. It is 3km away from National Highway 307 in the south, adjoining Shihuang Expressway in the north and Beijing-Shanghai Expressway and enjoying advantageous geographic location. The plant mainly produces sodium petroleum sulfonate, barium petroleum sulfonate and sodium alkyl benzene sulfonate (water soluble, oil soluble) according to the international standard and wins wide recognition from peers by virtue of high quality, favorable price and considerate service.

In the context of China-US trade war and COVID-19 epidemic, it will have a big influence on this market. Global Barium Petroleum Sulfonate market is projected to reach $ 34 million by 2023, with a GAGR of 1.2% from 2019, and Asia will have a big dynamic momentum on the market growth. The major players in the global Barium Petroleum Sulfonate market are Xinji Rongchao Petroleum Chemical, Xinji Beifang Huagong, Eastern Petroleum, Ganesh Benzoplast, Goodway Chemicals and LANXESS (Chemtura) etc..

Asia is in great demand, also the Barium Petroleum Sulfonate main production region and the main export region.

Read Full Report: http://www.gosreports.com/global-barium-petroleum-sulfonate-market-research-report-2020-2024/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com

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