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Global Barium Isopropoxide market is expected to foresee significant growth owing to increasing usage of thin film based solar cells

The global barium isopropoxide market is expected to showcase substantial growth during the forecast period (2021-2027). Barium isopropoxide is used in the sol gel deposition, which is among the common technique of depositing a thin film on a substrate. These thin films are widely used in several application areas including solar cell and energy storage. Therefore, increasing demand of thin films would propel the demand of barium isopropoxide.

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The global increase in demand from chemical industry owing to rising industrialization and growing consumer purchasing power are some of the reasons for increasing demand of barium isopropoxide. Since barium isopropoxide is commonly used in the sol gel synthesis which is one the commonly used thin film deposition method. The demand of thin film is increasing on account of its large number of applications such as magnetic recording media, electronic semiconductor devices, integrated passive devices, LEDs, optical coatings such as antireflective coatings, hard coatings on cutting tools, energy generation such as thin-film solar cells, and storage such as thin-film batteries. Therefore, rising demand of thin film is increasing usage of sol gel method for film preparation, resulting in increasing demand of barium isopropoxide.

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In the light of COVID-19, demand of barium isopropoxide impacted in a negative way. Since it is used in sol gel synthesis for the deposition of thin film which is widely used by several industries including electrical and electronics and as a catalyst in chemical industry, therefore halted manufacturing operations in aforementioned industries has affected the consumption of barium isopropoxide.

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Based on form, the market is categorized into powder and solution. Among both, powder category held the significant share in the market and is likely to showcase considerable growth during the forecast period. This can be mainly attributable to usage of barium isopropoxide in the sol gel thin film deposition technique in powder form. Sol gel thin film is extensively investigated thin film deposition technique and is commonly used in the research & development in the industries.

Based on application, the market is categorized into sol gel synthesis, catalyst, and others. Among these, sol gel synthesis held the significant share in the market owing to its usage in deposition of thin films. Further, the category is likely to showcase robust growth during the forecast period owing to increasing investment in development of more efficient thin fil solar cells. Further, thin film is used in the development of storage devices (batteries). Therefore, with increasing demand of batteries, demand of thin film would also grow resulting in the increase in demand of thin film deposition techniques.

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For a better understanding of the market adoption of Barium Isopropoxide, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World.  Asia-Pacific captured the significant share in the market owing to its large and growing chemical industry and increasing investment in research & development activities.

Global Barium Isopropoxide Market Segmentation

Market Insight, by Form

  • Powder
  • Solution

Market Insight, by Application

  • Sol-gel synthesis
  • Catalyst
  • Ohers

Market Insight, by Region

  • North America Barium Isopropoxide Market
    • United States
    • Canada
    • Rest of North America
  • Europe Barium Isopropoxide Market
    • Germany
    • United Kingdom
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific Barium Isopropoxide Market
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World Barium Isopropoxide Market

Top Company Profiles

  • American Elements
  • Thermo Fisher Scientific Inc.
  • A2B Chem LLC
  • Merck KGaA
  • Gelest Inc.
  • Beantown Chemical Corporation
  • BOC Sciences
  • EpiValence
  • Chemwill Asia Co. Ltd.
  • Ereztech LLC

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