Strontium Carbonate Market, By Grade, By Application, By Geography

Description

The strontium carbonate market is estimated to be valued at USD 228.1 Mn in 2024 and is expected to reach USD 274.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 228.1 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	2.70%	2031 Value Projection:	US$ 274.8 Mn

Figure. Strontium Carbonate Market Share (%), By Region 2024

Strontium carbonate is a solid salt compound that has wide industrial applications. It is an important mineral primarily used in glass manufacturing for cathode ray tubes and as a flux agent in enamel frits. Strontium carbonate possesses lucrative optical and electrical properties which make it suitable for various end-use industries. It demonstrates strong ferroelectric behavior and finds usage in electronic ceramics. Moreover, strontium carbonate is known to promote bone strength and has emerged as a popular ingredient in dietary supplements. Continued research into exploring its biomedical applications is expected to drive future demand. With rapid industrialization and growth of the glass manufacturing sector in Asia Pacific, the strontium carbonate market is poised to exhibit healthy expansion over the coming years.

Market Dynamics:

Rising demand from the glass manufacturing industry has been a key driver for the strontium carbonate market. It is favorably used in glass formulations owing to its ability to lower the melting point of glass. Expanding automotive and construction industries have augmented the glass demand, thereby benefitting the market. In addition, growth of the healthcare vertical and research into medical uses of strontium carbonate present promising opportunities. However, the availability of substitutes and volatility in raw material prices pose challenges. Supply-demand imbalances caused due to COVID-19-related disruptions have also impacted the market growth. Nonetheless, focus on infrastructure growth programs in developing nations is likely to bolster consumption.

Key Features of the Study:

This report provides in-depth analysis of the global strontium carbonate market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global strontium carbonate market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Solvay, Muby Chemicals, American Elements, Celtic Chemicals Ltd., Zaozhuang, Yongli Chemical Co. Ltd., Sakai Chemical Industry Co. Ltd, Shijiazhuang Zhengding., Hebei Xinji Chemical Group Co. Ltd., Jinshi Chemical Co. Ltd., Abassco, Vishnupriya Chemicals, Haihang Industry, CDH Fine Chemical, Wego Chemical Group, Joshi Agrochem Pharma Pvt Ltd., and Ataman Kimya
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global strontium carbonate market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global strontium carbonate market

Detailed Segmentation-

By Grade:
- Electronic Grade
- Industrial Grade
By Application:
- Glass and Ceramics
- Pyrotechnics and Signals
- Electronics and Semiconductors
- Paints and Coatings
- Others (Metallurgy, Pharmaceuticals, etc.)
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Solvay
- Muby Chemicals
- American Elements
- Celtic Chemicals Ltd.
- Zaozhuang
- Yongli Chemical Co. Ltd.
- Sakai Chemical Industry Co. Ltd
- Shijiazhuang Zhengding.
- Hebei Xinji Chemical Group Co. Ltd.
- Jinshi Chemical Co. Ltd.
- Abassco
- Vishnupriya Chemicals
- Haihang Industry
- CDH Fine Chemical
- Wego Chemical Group
- Joshi Agrochem Pharma Pvt Ltd.
- Ataman Kimya

Product Code: CMI7197

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Grade
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Strontium Carbonate Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Strontium Carbonate Market
Impact Analysis

5. Global Strontium Carbonate Market, By Grade, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Electronic Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Segment Trends
Industrial Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Segment Trends

6. Global Strontium Carbonate Market, By Application, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Glass and Ceramics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Segment Trends
Pyrotechnics and Signals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Segment Trends
Electronics and Semiconductors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Segment Trends
Paints and Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Segment Trends
Others (Metallurgy, Pharmaceuticals, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Mn)
- Segment Trends

7. Global Strontium Carbonate Market, By Region, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Mn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Mn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Mn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Mn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Grade, 2019 - 2031, (US$ Mn)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Solvay
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Muby Chemicals
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- American Elements
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Celtic Chemicals Ltd.
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Zaozhuang
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Yongli Chemical Co. Ltd.
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Sakai Chemical Industry Co. Ltd
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Shijiazhuang Zhengding.
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Hebei Xinji Chemical Group Co. Ltd.
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Jinshi Chemical Co. Ltd.
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Abassco
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Vishnupriya Chemicals
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- Haihang Industry
  - Company Overview
  - Grade Portfolio
  - Recent Developments/Updates
- CDH Fine Chemical
- Wego Chemical Group
- Joshi Agrochem Pharma Pvt Ltd.
- Ataman Kimya

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
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