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    Strontium Market Report

    Strontium Market Report
    Report code - SR1198 Delivery - 2 Weeks
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    Strontium Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026.
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    Impact of COVID-19 on Strontium Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Strontium Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Strontium Market is likely to witness a CAGR of 6.2% during the forecast period. Major growth factors include the increased use of fireworks and other pyrotechnics during festivals and in other entertainment sectors such as in concerts, movies, sports events; initiatives towards innovation of environment-friendly flares, along with the mineral’s deployment in the electrical and electronic industries to manufacture cathode ray tubes (CRT) for television sets, is expected to fuel the growth of the market during the forecast period.

    Strontium Market – Snapshot

    Growth

    6.2% for the next five years

    Major Product Type

    Strontium Carbonate

    Dominant Application Type

    Pyrotechnic

    Region with the highest demand

    Asia-Pacific

    Key Players

    Solvay S.A., Sakai Chemical Industry Co., Ltd., BassTech International, Canteras Industriales S.L., Química del Estroncio SA, Joyieng Chemical Limited, Shenzhou Jiaxin Chemical Co., Ltd, Pro Chem Inc., Chemalloy Co., Inc. and NOAH Technologies Corporation

    Segments' Analysis

    Strontium-Market-Dominant-Segments

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    Strontium Market Share: By Product Type

    Based on the product type, the market is segmented as strontium carbonate, strontium sulfate, and strontium nitrate. Strontium carbonate is expected to witness significant growth rate in the market during the forecast period owing to its widespread usage in fireworks as an oxidizer and colorant. In addition, strontium carbonate is also used in medical applications for treating osteoporosis, as well as in the paints and coatings industry for its ability to give solutions a glossy sheen and essence, which is further expected to drive the strontium market growth during the forecast period. 

    Strontium Market Share: By Application Type

    Based on the application type, the market is segmented as electrical & electronics, pyrotechnic, medical & dental, personal care, and paints & coatings. The pyrotechnic segment is anticipated to register high growth rate in the market as strontium is often used as an affordable colorant in fireworks. Increasing demand for firecrackers and pyrotechnic activities at concerts, festivals, and other types of celebrations is expected to boost the product demand in the market during the forecast period.

    Strontium Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to the gradual increase in the usage of strontium and its compounds in the electrical and electronics and pyrotechnic industries in the APAC countries. The availability of massive celestine mineral reserves in China is also expected to fuel the regional market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

    Strontium-Market-By-Region

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    Market Scope & Segmentation

    Strontium is a highly reactive metallic element that occurs naturally and is mostly mined from the minerals celestine and strontianite. Natural strontium is not harmful to health, whereas synthetic strontium is radioactive in nature. The mineral is also widely used in the electrical and electronics industries, where it is primarily used to manufacture cathode ray tubes (CRT) used in television sets.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Strontium Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The strontium market is segmented into the following categories.

    Strontium Market Size, Share, & Forecast, by Product Type:

    • Strontium Carbonate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Strontium Sulfate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Strontium Nitrate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Strontium Market Size, Share, & Forecast, by Application Type:

    • Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pyrotechnic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical & Dental (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Personal Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Paints & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Strontium Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Strontium-Market-Segmentation

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    Key Players

    Some of the key players in the strontium market are-

    • Solvay S.A.
    • Sakai Chemical Industry Co., Ltd.
    • BassTech International
    • Canteras Industriales S.L.
    • Química del Estroncio SA
    • Joyieng Chemical Limited
    • Shenzhou Jiaxin Chemical Co., Ltd
    • Pro Chem Inc.
    • Chemalloy Co., Inc.
    • NOAH Technologies Corporation.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The strontium market is expected to witness an impressive growth of 6.2% CAGR in the foreseeable future.

    Solvay S.A., Sakai Chemical Industry Co., Ltd., BassTech International, Canteras Industriales S.L., Qumica del Estroncio SA, Joyieng Chemical Limited, Shenzhou Jiaxin Chemical Co., Ltd, Pro Chem Inc., Chemalloy Co., Inc. and NOAH Technologies Corporation are among the key players in the strontium market.

    Strontium carbonate is expected to witness significant growth rate in the strontium market in the coming years.

    The pyrotechnic segment is expected to register high growth rate in the strontium market during the next five years.

    Asia-Pacific is expected to be the leading strontium market during the forecast period.

    Increased use of fireworks and other pyrotechnics during festivals and in other entertainment sectors, minerals deployment in the electrical and electronic industries to manufacture cathode ray tubes (CRT) for television sets are the factors driving the growth of strontium market.

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