Strontium Carbonate Market: Global Industry Analysis and Forecast (2022-2029)

Strontium Carbonate Market size was valued at US$ 210.12 Mn. in 2021 and the total revenue is expected to grow at a CAGR of 2.8% from 2022 to 2029, reaching nearly US$ 262.06 Mn.
Strontium Carbonate Market Overview:
Global Strontium Carbonate Market is expected to reach US$ 262.06 Mn. by 2029. Strontium carbonate is a white or gray powder that is the carbonate salt of strontium. Nature provides strontianite as its mineral form. This report focuses on the different segments of the Strontium Carbonate market (Grade, Application, and Region). This report examines the major industry players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough study of today's rapid improvements across many industries. Facts and numbers, visualisations, and presentations are used to present the primary data analysis for the historical period from 2017 to 2021. The market drivers, restraints, opportunities, and challenges for Strontium Carbonate are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Strontium Carbonate market.To know about the Research Methodology :- Request Free Sample Report
Strontium Carbonate Market Dynamics:
Strontium Carbonate is a colourless, odourless white powder that's employed in a variety of industries, including electronics, metallurgy, chemicals, and glass. Strontium ferrite magnets are used in magneto-optic mediums, tiny electric motors, recording mediums, microwave devices, and the electronics and communication industries. Because strontium carbonate is commonly used in the manufacture of cathode ray tubes for television sets, development in the electronic industry is expected to boost demand for it. Furthermore, the increased use of strontium carbonate in the glass, ceramic, and metallurgical industries drives the market forward. Strontium carbonate, on the other hand, is dangerous to humans since it causes irritation of the eyes, skin, and body, limiting market growth. Meanwhile, the market's robust growth prospects are expected to be boosted by increased technological improvements and investments in R&D activities.

Strontium Carbonate is primarily used in the manufacturing process of glass substrate for display glass (LCD) as well as many other glass applications, such as optics, glassware, illumination, fibre glass, laboratory and pharmaceutical glass, and so on, improving properties such as hardness and scratch resistance, imparting a greater brilliance to the picture, ease of polishing, and so on.

To obtain high purity zinc (SHG zinc), strontium carbonate is used, since it dissolves the lead impurities in the cathode, forming a precipitate that eliminates them. Strontium carbonate is also used to make Strontium Chromate, which is a corrosion inhibitor used in painting coatings. Strontium carbonate is used in pyrotechnics to give pyrotechnic goods like emergency flares, tracer ammunition, and fireworks their vivid red hue. These are the key factors that are expected to drives the growth of the Strontium Carbonate market during the forecast period.
Strontium Carbonate Market Segment Analysis:
The Strontium Carbonate Market is segmented by Grade and Application.

Based on the Grade, the market is segmented into Electronic Grade, and Industrial Grade. Electronic Grade segment is expected to hold the largest market share of xx% by 2029. Electronic grade segment's demand is growing due to its use in magnetic materials, making it a big shareholder in the global market. Electronic applications utilize strontium carbonate. It is used to absorb electrons that are emitted by the cathode in colour television receivers (CTVs).

Based on the Application, the market is segmented into Bone Health, Frit Manufacturing, Novel Nanoparticle, Fireworks Manufacturing, Pyrotechnics, Ceramics, Electromagnets, and Others. Bone Health application segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. When taken in postmenopausal women with osteoporosis, a specific type of strontium called strontium ranelate can stimulate bone growth and prevent bone loss. Strontium ranelate promotes bone growth while reducing bone resorption. By replacing a percentage of calcium ions in hydroxyapatite in bone, strontium is integrated, resulting in an increase in bone mineral density.

Ceramics application segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Strontium carbonate is used in the glazing and enamelling of ceramic tableware, strengthening its resistance to abrasion and rifling while also preventing the creation of bubbles during the frying process. It also has a brighter sheen and, in some situations, outperforms lead without posing a toxicity risk.

Fireworks Manufacturing segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Strontium carbonate (SrCO3) was originally used in considerable numbers in the manufacture of CRT televisions (CRT = cathode-ray tubes) because strontium carbonate, when combined with other compounds, absorbs and decreases the X-rays created by the television tubes greatly.

It is impossible to come into close touch with airborne strontium carbonate nanoparticles during the burning process since strontium salts are utilized in pyrotechnics to produce crimson red flames following ignition.
Strontium Carbonate Market Regional Insights:
The Asia Pacific region is expected to dominate the Strontium Carbonate Market during the forecast period 2022-2029. The Asia Pacific region is expected to hold the largest market share of xx% by 2029. In terms of strontium carbonate consumption, Asia Pacific has a large market share. China is one of the world's leading producers of strontium carbonate. The global strontium carbonate market in Asia-Pacific is growing due to increased demand from various end-use industries such as ferrite magnets, master alloys, paints, and coatings.

The North American region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to the increasing demand for strontium carbonate in various applications such as Bone Health, Frit Manufacturing, Novel Nanoparticle, Fireworks Manufacturing, Pyrotechnics, Ceramics, and Electromagnets in the North American region.

The objective of the report is to present a comprehensive analysis of the Global Strontium Carbonate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Strontium Carbonate Market dynamic and structure by analyzing the market segments and projecting the Global Strontium Carbonate Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Strontium Carbonate Market make the report investor’s guide.
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Strontium Carbonate Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 210.12 Mn.


Forecast Period 2022 to 2029 CAGR:
2.8%
Market Size in 2029:
US $ 262.06 Mn.


 Segments Covered:
by Grade
• Electronic Grade
• Industrial Grade


by Application
• Bone Health
• Frit Manufacturing
• Novel Nanoparticle
• Fireworks Manufacturing
• Pyrotechnics
• Ceramics
• Electromagnets
• Others



Strontium Carbonate Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Strontium Carbonate Market, Key Players are:
• Solvay
• Sakai Chemical Industry Co. Ltd.
• Quimica Del Estroncio S.A.
• BassTech International
• Muby Chemicals
• Celtic Chemicals Ltd.
• Zaozhuang Yongli Chemical Co. Ltd.
• Shijiazhuang zhengding Jinshi Chemical Co. Ltd.
• Hebei Xinji Chemical Group Co. Ltd.
• Prakash Brothers
• Abassco
• Guizhou Red Star
• Qinghi Jinrui Group
• Chongqing Yuanhe Fine Chemicals
• Minle Fuyuan Chemical

Frequently Asked Questions:

1. Which region has the largest share in Global Strontium Carbonate Market?
Ans: Asia Pacific region held the highest share in 2021.

2. What is the growth rate of Global Strontium Carbonate Market?
Ans: The Global Strontium Carbonate Market is growing at a CAGR of 2.8% during forecasting period 2022-2029.

3. What is scope of the Global Strontium Carbonate Market report?
Ans: Global Strontium Carbonate Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Strontium Carbonate Market?
Ans: The important key players in the Global Strontium Carbonate Market are – Solvay, Sakai Chemical Industry Co. Ltd., Quimica Del Estroncio S.A., BassTech International, Muby Chemicals, Celtic Chemicals Ltd., Zaozhuang Yongli Chemical Co. Ltd., Shijiazhuang zhengding Jinshi Chemical Co. Ltd., Hebei Xinji Chemical Group Co. Ltd., Prakash Brothers, Abassco, Guizhou Red Star, Qinghi Jinrui Group, Chongqing Yuanhe Fine Chemicals, and Minle Fuyuan Chemical

5. What is the study period of this Market?
Ans: The Global Strontium Carbonate Market is studied from 2021 to 2029.