Strontium Chloride Market, By Form (Hexahydrate and Anhydrous), By Application (Pyrotechnics, Glass and Ceramics, Metal Production, Pharmaceuticals, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The global strontium chloride market is estimated to be valued at USD 359.7 Mn in 2024 and is expected to reach USD 533.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 359.7 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.80%	2031 Value Projection:	US$ 533.8 Mn

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

Strontium chloride is a compound formed between the alkali earth metal strontium and chlorine. It is commercially produced as strontium chloride hexahydrate or SrCl2*6H2O. Strontium chloride is widely utilized in the production of specialty glass for color cathode ray tubes and electronic components. It is also employed in the manufacturing of pyrotechnics and flares due to its brilliant red color upon combustion. Moreover, strontium chloride finds application in the chemical industry as a fluxing agent and precursor to other strontium compounds. The global strontium chloride market is projected to witness significant growth over the forecast period owing to increasing demand from the glass and pyrotechnics industries.

Market Dynamics:

The global strontium chloride market is primarily driven by rising consumption of strontium chloride in the production of specialty glass. Strontium chloride imparts a bright red color to glass and is extensively utilized for manufacturing color cathode ray tubes and filtering layers in optoelectronic devices. Rapid expansion of the electronics and semiconductor industries has augmented the demand for colored glass, thereby fueling the market growth. Additionally, increasing utilization of pyrotechnics and flares containing strontium chloride are propelling the market growth. Strontium chloride aids in the formulation of illuminating signals, colored smoke, and signal lights owing to the brilliant red color exhibited upon combustion. However, stringent regulations regarding the usage of strontium compounds are expected to hamper the market growth. On the other hand, the growing adoption of strontium chloride in biomolecular labeling represents an opportunity for market players.

Key Features of the Study:

This report provides in-depth analysis of the global strontium chloride 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 chloride 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 Choice Organochem LLP, Riddhi Siddhi Industries, Anmol Chemicals, Gujarat Fluorochemicals Limited, S. R. Chemicals, Siddhi Vinayak Chemicals, S. M. Chemicals, Jayesh Group, Shreeji Chemicals, Vishnu Chemicals, K. S. S. Chemicals, Hindustan Chemical Company, B. S. S. Chemicals, S. B. Chemicals, A. B. Enterprises, K. R. Industries, V. S. Chemicals, and Shree Ram Chemicals
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 chloride 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 chloride market

Detailed Segmentation:

Form Insights (Revenue, USD Bn, 2019 - 2031)
- Hexahydrate
- Anhydrous
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Pyrotechnics
- Glass and Ceramics
- Metal Production
- Pharmaceuticals
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Choice Organochem LLP
- Riddhi Siddhi Industries
- Anmol Chemicals
- Gujarat Fluorochemicals Limited
- S.R. Chemicals
- Siddhi Vinayak Chemicals
- S.M. Chemicals
- Jayesh Group
- Shreeji Chemicals
- Vishnu Chemicals
- K.S. S. Chemicals
- Hindustan Chemical Company
- B.S. S. Chemicals
- S.B. Chemicals
- Enterprises
- K.R. Industries
- V.S. Chemicals
- Shree Ram Chemical

Product Code: CMI7286

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Form
- 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 Chloride Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Strontium Chloride Market
Impact Analysis

5. Global Strontium Chloride Market, By Form, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Hexahydrate
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Anhydrous
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

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

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Pyrotechnics
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Glass and Ceramics
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Metal Production
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pharmaceuticals
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Strontium Chloride 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 Form, 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 Form, 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 Form, 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 Form, 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 Form, 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
- Choice Organochem LLP
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Riddhi Siddhi Industries
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Anmol Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Gujarat Fluorochemicals Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- S. R. Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Siddhi Vinayak Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- S. M. Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Jayesh Group
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Shreeji Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Vishnu Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- K. S. S. Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Hindustan Chemical Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- B. S. S. Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- S. B. Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- A. B. Enterprises
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- K. R. Industries
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- V. S. Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Shree Ram Chemicals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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