STRONTIUM CARBONATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

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$ Bn) 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