STRONTIUM NITRATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Strontium Nitrate Market, By Application (Pyrotechnics, Glassware, Electronics, Coatings, Water treatment, and Others), By Grade (Technical Grade, Analytical Grade, Guaranteed Reagent Grade, ACS grade, and Others), By End-use Industry (Fireworks, Glass, Electronics & Semiconductors, Automotive, Construction, Water Treatment, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Strontium Nitrate Market Regional Insights

North America is the largest market for strontium nitrate, accounting for a market share of over 30% in 2023. The growth of this market is driven by the increasing demand for strontium nitrate in the pyrotechnics, fireworks, and pigments industries. The U.S. is the major consumer of strontium nitrate in this region.
Europe is the second-largest market for strontium nitrate, accounting for a market share of over 20% in 2023. The growth of this market is driven by the increasing demand for strontium nitrate in the electronics, glass, and ceramics industries. Germany, France, and the U.K. are the major consumers of strontium nitrate in this region.
Asia Pacific is the fastest-growing market for strontium nitrate, accounting for a market share of over 35% in 2023. The growth of this market is driven by the increasing demand for strontium nitrate in the pyrotechnics, fertilizers, and chemicals industries. China, India, and Japan are the major consumers of strontium nitrate in this region.

Figure 1. Global Strontium Nitrate Market Share (%), by Region, 2023