Strontium Carbonate Market size was valued at US$ 222.05 Mn. in 2023 and the total revenue is expected to grow at a CAGR of 2.8% from 2024 to 2030, reaching nearly US$ 269.40 Mn.Strontium Carbonate Market Overview:
Global Strontium Carbonate Market is expected to reach US$ 262.06 Mn. by 2030. 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 2030. 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 2024-2030. 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 2024-2030. 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 2024-2030. 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 2024-2030. The Asia Pacific region is expected to hold the largest market share of xx% by 2030. 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 2024-2030. 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.Strontium Carbonate Market Scope: Inquiry Before Buying
Strontium Carbonate Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 222.05 Mn. Forecast Period 2024 to 2030 CAGR: 2.8% Market Size in 2030: US $ 269.40 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 2023. 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 2024-2030 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 2023 to 2030
1. Strontium Carbonate Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Strontium Carbonate Market: Dynamics 2.1. Strontium Carbonate Market Trends by Region 2.1.1. North America Strontium Carbonate Market Trends 2.1.2. Europe Strontium Carbonate Market Trends 2.1.3. Asia Pacific Strontium Carbonate Market Trends 2.1.4. Middle East and Africa Strontium Carbonate Market Trends 2.1.5. South America Strontium Carbonate Market Trends 2.2. Strontium Carbonate Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Strontium Carbonate Market Drivers 2.2.1.2. North America Strontium Carbonate Market Restraints 2.2.1.3. North America Strontium Carbonate Market Opportunities 2.2.1.4. North America Strontium Carbonate Market Challenges 2.2.2. Europe 2.2.2.1. Europe Strontium Carbonate Market Drivers 2.2.2.2. Europe Strontium Carbonate Market Restraints 2.2.2.3. Europe Strontium Carbonate Market Opportunities 2.2.2.4. Europe Strontium Carbonate Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Strontium Carbonate Market Drivers 2.2.3.2. Asia Pacific Strontium Carbonate Market Restraints 2.2.3.3. Asia Pacific Strontium Carbonate Market Opportunities 2.2.3.4. Asia Pacific Strontium Carbonate Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Strontium Carbonate Market Drivers 2.2.4.2. Middle East and Africa Strontium Carbonate Market Restraints 2.2.4.3. Middle East and Africa Strontium Carbonate Market Opportunities 2.2.4.4. Middle East and Africa Strontium Carbonate Market Challenges 2.2.5. South America 2.2.5.1. South America Strontium Carbonate Market Drivers 2.2.5.2. South America Strontium Carbonate Market Restraints 2.2.5.3. South America Strontium Carbonate Market Opportunities 2.2.5.4. South America Strontium Carbonate Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Strontium Carbonate Industry 2.8. Analysis of Government Schemes and Initiatives For Strontium Carbonate Industry 2.9. Strontium Carbonate Market Trade Analysis 2.10. The Global Pandemic Impact on Strontium Carbonate Market 3. Strontium Carbonate Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 3.1.1. Electronic Grade 3.1.2. Industrial Grade 3.2. Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 3.2.1. Bone Health 3.2.2. Frit Manufacturing 3.2.3. Novel Nanoparticle 3.2.4. Fireworks Manufacturing 3.2.5. Pyrotechnics 3.2.6. Ceramics 3.2.7. Electromagnets 3.2.8. Others 3.3. Strontium Carbonate Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Strontium Carbonate Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 4.1.1. Electronic Grade 4.1.2. Industrial Grade 4.2. North America Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 4.2.1. Bone Health 4.2.2. Frit Manufacturing 4.2.3. Novel Nanoparticle 4.2.4. Fireworks Manufacturing 4.2.5. Pyrotechnics 4.2.6. Ceramics 4.2.7. Electromagnets 4.2.8. Others 4.3. North America Strontium Carbonate Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 4.3.1.1.1. Electronic Grade 4.3.1.1.2. Industrial Grade 4.3.1.2. United States Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 4.3.1.2.1. Bone Health 4.3.1.2.2. Frit Manufacturing 4.3.1.2.3. Novel Nanoparticle 4.3.1.2.4. Fireworks Manufacturing 4.3.1.2.5. Pyrotechnics 4.3.1.2.6. Ceramics 4.3.1.2.7. Electromagnets 4.3.1.2.8. Others 4.3.2. Canada 4.3.2.1. Canada Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 4.3.2.1.1. Electronic Grade 4.3.2.1.2. Industrial Grade 4.3.2.2. Canada Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 4.3.2.2.1. Bone Health 4.3.2.2.2. Frit Manufacturing 4.3.2.2.3. Novel Nanoparticle 4.3.2.2.4. Fireworks Manufacturing 4.3.2.2.5. Pyrotechnics 4.3.2.2.6. Ceramics 4.3.2.2.7. Electromagnets 4.3.2.2.8. Others 4.3.3. Mexico 4.3.3.1. Mexico Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 4.3.3.1.1. Electronic Grade 4.3.3.1.2. Industrial Grade 4.3.3.2. Mexico Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 4.3.3.2.1. Bone Health 4.3.3.2.2. Frit Manufacturing 4.3.3.2.3. Novel Nanoparticle 4.3.3.2.4. Fireworks Manufacturing 4.3.3.2.5. Pyrotechnics 4.3.3.2.6. Ceramics 4.3.3.2.7. Electromagnets 4.3.3.2.8. Others 5. Europe Strontium Carbonate Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 5.2. Europe Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 5.3. Europe Strontium Carbonate Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 5.3.1.2. United Kingdom Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 5.3.2. France 5.3.2.1. France Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 5.3.2.2. France Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 5.3.3.2. Germany Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 5.3.4.2. Italy Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 5.3.5.2. Spain Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 5.3.6.2. Sweden Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 5.3.7.2. Austria Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 5.3.8.2. Rest of Europe Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6. Asia Pacific Strontium Carbonate Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.2. Asia Pacific Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Strontium Carbonate Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.1.2. China Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.2.2. S Korea Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.3.2. Japan Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3.4. India 6.3.4.1. India Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.4.2. India Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.5.2. Australia Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.6.2. Indonesia Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.7.2. Malaysia Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.8.2. Vietnam Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.9.2. Taiwan Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 6.3.10.2. Rest of Asia Pacific Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 7. Middle East and Africa Strontium Carbonate Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 7.2. Middle East and Africa Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Strontium Carbonate Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 7.3.1.2. South Africa Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 7.3.2.2. GCC Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 7.3.3.2. Nigeria Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 7.3.4.2. Rest of ME&A Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 8. South America Strontium Carbonate Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 8.2. South America Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 8.3. South America Strontium Carbonate Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 8.3.1.2. Brazil Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 8.3.2.2. Argentina Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Strontium Carbonate Market Size and Forecast, by Grade (2023-2030) 8.3.3.2. Rest Of South America Strontium Carbonate Market Size and Forecast, by Application (2023-2030) 9. Global Strontium Carbonate Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2021) 9.3.5. Company Locations 9.4. Leading Strontium Carbonate Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Solvay 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Sakai Chemical Industry Co. Ltd. 10.3. Quimica Del Estroncio S.A. 10.4. BassTech International 10.5. Muby Chemicals 10.6. Celtic Chemicals Ltd. 10.7. Zaozhuang Yongli Chemical Co. Ltd. 10.8. Shijiazhuang zhengding Jinshi Chemical Co. Ltd. 10.9. Hebei Xinji Chemical Group Co. Ltd. 10.10. Prakash Brothers 10.11. Abassco 10.12. Guizhou Red Star 10.13. Qinghi Jinrui Group 10.14. Chongqing Yuanhe Fine Chemicals 10.15. Minle Fuyuan Chemical 11. Key Findings 12. Industry Recommendations 13. Strontium Carbonate Market: Research Methodology 14. Terms and Glossary