Barium nitrate is used in a considerable amount in the production of ceramic powder that is an important ingredient of electronic components, such as superconductors, capacitors, and semiconductors. The ceramic powder coating is used for device packaging, specialized mechanical components, and semiconductor devices. Besides, its application is increasing in the glass industry, as this compound helps in improving opacity and homogeneity of glasses. Moreover, it is used as an oxidizing agent during the production of glass, as it prevents crystallization of glass, thus, leading to better productivity and output.

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The rising applications of generic barium nitrate products will increase the barium nitrate market size from $2,368.3 million in 2015 to $3,451.8 million by 2022. According to P&S Intelligence, the market is expected to progress at a CAGR of 5.5% during 2016–2022. Countries across the world are focusing on the expansion of the military sector, on account of rising investment, thus, boosting the demand for barium nitrate products. Furthermore, the application of these products will spur in North America, Asia-Pacific (APAC), and the Middle East, due to heavy investment by barium nitrate manufacturers.

Moreover, stable and continuous demand for barium nitrate products from the pyrotechnics/fireworks sector is expected to boost the adoption of this chemical in coming years. Barium nitrate acts as an intermediate chemical in the pyrotechnic industry and as an oxidizing agent to manufacture green fireworks. It is also used as a pyrotechnic colorant compound, which gives a specific color to the burning flame. Besides, the chemical is utilized in tracer bullet that allows shooter to detect the trajectory of a bullet with the naked eye.

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In 2015, the APAC region adopted the maximum quantity of barium nitrate products, due to the spurring demand from the fireworks/pyrotechnics industry and the expanding electronics sector. Moreover, surging application of barium nitrate for military applications in the region supported the barium nitrate market growth. Among APAC nations, India and China will register the major consumption for barium nitrate, due to the growth of the firecracker industry in India and the electronics sector in China.

Therefore, the expansion of the military, electronics, and pyrotechnics industries will propel the demand for barium nitrate products in future.