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Global Barium Sulfate Category - Procurement Market Intelligence Report

Global Barium Sulfate Category - Procurement Market Intelligence Report

About Barium Sulfate Market

Barium sulfate is an inorganic compound with low solubility in water, used as a contrast agent for diagnostics purposes and X-ray imaging. It is also used as an indirect additive in food contact substances such as polymers or other packaging material. Also, barium sulfate is used in oil and gas production as an ingredient in drilling fluids.

One of the emerging market trends is the introduction of a new barium sulfate grade. Conventionally, barium sulfate with a specific gravity of 4.2 was used as a weighting agent in drilling fluids. Since 2010, the American Petroleum Institute has issued an alternative grade of barium sulfate of 4.1-specific gravity for use in drilling fluids as it meets the chemical and sizing requirements for drilling activities in the oil and gas industry. Additionally, the introduction of a new grade of barium sulfate has also provided an additional option for buyers, driving the growth of the market in terms of volume.

Covered in this report

The report provides actionable insights to improve source-to-contract cycle performance in the Global Barium Sulfate Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

SpendEdge’s report, Global Barium Sulfate Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Category driver

  • Rapid urbanization and increase in disposable incomes across the world
  • For a full, detailed list, view our report
Category constraints
  • Difficulty in identifying suppliers that can produce the required quantity of barium sulfate within the required timeframes
  • For a full, detailed list, view our report
Procurement best practices
  • To identify and engage with suppliers that adopt automation in the mining process
  • For a full, detailed list, view our report
Key questions answered in this report
  • What are the market dynamics?
  • What are the key market trends?
  • What are the category growth drivers?
  • What are the constraints to category growth?
  • Who are the suppliers in this market?
  • What are the demand-supply shifts?
  • What are the major category requirements?
  • What are the procurement best practices in this market?


PART 1: CATEGORY AT A GLANCE
TAKEAWAY 01 | Market Overview
TAKEAWAY 02 | Demand and Supply Snapshot
TAKEAWAY 03 | Key Market Dynamics
TAKEAWAY 04 | Supply Market Highlights
TAKEAWAY 05 | Pricing Insights
TAKEAWAY 06 | Procurement Insights
PART 2: SCOPE OF THE REPORT
Category Definition
Research Methodology
PART 3: MARKET INSIGHTS
Category Spend Analysis
Category Maturity by Regions
Demand-Supply Shifts
Regional Demand-Supply Snapshot
Global Barium Sulfate Production Hubs
Market Developments
Regional Impact of Trends
Key Category Growth Drivers and Corresponding Regional Impacts
Major Category Growth Constraints and Corresponding Regional Impacts
Key Current Technological Innovations
Major Regulatory Frameworks
Strategic Sustainability Practices
Porter’s Five Forces
PESTLE Analysis
PART 4: SUPPLY MARKET INSIGHTS
Supplier Operational Capability Matrix
Other Prominent Suppliers by Region: Operational Capability Matrix
Supplier Functional Capability Matrix
Other Prominent Suppliers by Region: Functional Capability Matrix
Key Clients/Partners
Supplier Cost Breakup
Supplier Positioning Matrix
PART 5: PRICING INSIGHTS
Pricing Models Snapshot
Pricing Models – Pros and Cons
Indicative Pricing
PART 6: PROCUREMENT INSIGHTS
Major Category Requirements
Major Procurement Pain Points
Category Sourcing Evolution Matrix
Procurement Best Practices
Cost-saving Opportunities
Supplier Selection Criteria
Category Negotiation Strategies
SLA Terms
Supplier Evaluation Criteria
Category Risk Analysis
PART 7: TOP FIVE SUPPLIERS
Honeywell
Huntsman
Solvay
Nippon
Sakai
PART 8: APPENDIX
Glossary
Key Notes
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