Newstrail.com

Search

Strontium Market is Forecasted to Advance at a CAGR of 6% by 2032: Fact.MR

strontium-market-forecast-2023-2033

For 2023, the expected global strontium demand is US$ 229.2 million. By the end of 2033, the strontium market is expected to be worth US$ 410.5 million, growing at a CAGR of 6%.

Strontianite and celestine, two well-known ores, are used to extract strontium, a soft and silvery-white metal. It is available in a variety of shapes, including granules, discs, pellets, ingots, and powder. Strontium exists in nature as four different isotopes: strontium-84, strontium-86, strontium-87, and strontium-88.

Download Sample Copy of this Report –
https://www.factmr.com/connectus/sample?flag=S&rep_id=8411?AS

Key Companies Profiled

  • Asia Barium & Strontium Salts Co. (ABASSCO)
  • Barium & Chemicals, Inc.
  • KBM Affilips BV
  • Noah Technologies Corporation
  • Quimica Del Estroncio SA
  • Solvay SA
  • Sakai Chemical Industry Co., Ltd.
  • Yuxiang Magnetic Materials Ind. Co., Ltd.

Key Takeaways from Market Study

  • The global strontium market is estimated to reach US$ 229.2 by the end of 2023.
  • Demand for strontium is anticipated to increase at a CAGR of 6% from 2023 to 2033.
  • The global market is predicted to reach a valuation of US$ 410.5 million by the end of 2033.
  • Demand for strontium in Canada is forecasted to progress at a CAGR of 6% from 2023 to 2033.
  • Sales of strontium carbonate are predicted to rise at a substantial CAGR of 8.4% through 2033.

Competitive Landscape

Manufacturers of strontium are making investments in enhancing their supply chain management systems and using cutting-edge delivery services like e-commerce platforms. In order to offer better products, they are obtaining premium raw materials while simultaneously taking precautions to reduce any potential environmental implications.

Important strontium suppliers are actively involved in creating new goods, working together, and establishing partnerships while upholding quality control standards.

For instance :

  • Solvay entered into an agreement with Latour Capital on November 23, 2020, through which it sold all its technical-grade strontium and barium operations in Mexico, Spain, and Germany. In addition, Solvay’s sodium percarbonate business in Germany was also sold to Latour Capital.

 Industry Research

  • By Type :
    • Carbonate
    • Sulfate
    • Nitrate
    • Others
  • By Application :
    • Electrical & Electronics
    • Medical & Dental
    • Pyrotechnics
    • Personal Care
    • Paints & Coatings
    • Others

Regional Analysis

The strontium market is geographically diverse, with key regions including Asia Pacific, Europe, North America, and Latin America. Asia Pacific is the largest market for strontium, driven by the high demand for pyrotechnics and other applications. China is the leading producer and consumer of strontium in the region, accounting for a significant share of the global market. Other key countries in the region include India, Japan, and South Korea, which also have a significant presence in the strontium market.

Europe is also a significant market for strontium, driven by the demand for ferrite magnets and other applications. Germany is a major producer and consumer of strontium in the region, followed by France, Spain, and Italy. North America is another important market for strontium, with the United States being the largest producer and consumer of the element in the region. Latin America has a relatively small market for strontium, with Mexico being the key producer and consumer of the element in the region. Overall, the strontium market is characterized by a diverse geographic distribution, with different regions having their own unique drivers and challenges

Key Questions Covered

  1. What are the key applications and uses of strontium, and what is driving demand in the market?
  2. Who are the major players in the strontium market, and what are their strategies for growth and differentiation?
  3. What are the major factors influencing the price and supply of strontium, and how do these factors vary across different regions?
  4. What are the regulatory and environmental considerations related to the production and use of strontium, and how are these affecting the market?

Get Customization on this Report for Specific Research Solutions – 
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8411?AS 

Contact:
US sales Office :
marketoutlook0 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Facebook
Twitter
LinkedIn
Pinterest