Strontium Market
Strontium Market Analysis by Strontium Carbonate, Strontium Sulphate, Strontium Nitrate, and Others from 2023 to 2033
Analysis of Strontium Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Strontium Market Outlook (2023 to 2033)
Global demand for strontium is estimated at US$ 229.2 million for 2023. The global strontium market is forecasted to advance at a CAGR of 6% to reach a market valuation of US$ 410.5 million by the end of 2033.
Strontium, a soft and silvery-white metal, is extracted from the prominent ores strontianite and celestine. It can be obtained in various forms such as powder, discs, pellets, ingots, and granules. There are four isotopes of strontium found in nature, namely, strontium-84, strontium-86, strontium-87, and strontium-88.
The paints & coatings industry utilizes strontium due to its exceptional qualities such as easy dispersion, high pellet flow, and smooth surface, which provide superior film coverage. Additionally, strontium has several other beneficial properties including high opacity, gloss, and resistance to weather, UV, fog, and salt, which are driving its demand in this industry. Although strontium has 16 radioactive isotopes, which are synthetically developed through nuclear procedures, the focus here is on the non-radioactive properties of strontium that make it a preferred choice in the paints and coatings industry.
- As per data provided by the World Paint and Coatings Industry Association, sales of paints and coatings reached around US$ 167.6 billion in 2020.
Strontium suppliers are expected to benefit from the rising demand for paints and coatings globally. The increasing utilization of paints and coatings in various end-use industries such as automotive, aerospace, electronics, and construction is creating new opportunities in the market. Therefore, the demand for strontium is expected to increase as it is an important ingredient used in the manufacturing of paints and coatings.
Strontium carbonate and strontium oxide serve as gentle substitutes for lead and barium in ceramic glazes and are used as frits. Furthermore, strontium is employed as a glass modifier to enhance the optical properties, light refraction intensity, hardness, and strength of glass. Strontium-based glass is also a suitable option for cathode-ray tube faceplates, as it can absorb ultraviolet and X-ray radiation.
The high dielectric constant of strontium makes it a desirable component for use in memory chips and wireless devices. It is also utilized as a substrate material for piezoelectric devices and semiconductors. The economic rebound in developed nations, coupled with rapid growth in emerging economies, is driving end-use industries to invest in strontium carbonate. As a result, the demand for strontium is expected to grow in these industries.
Fact.MR, a provider of market research and competitive intelligence, has published a research report that covers growth opportunities, market value, segmentation, major players, and geographical coverage. In addition to this, the report also includes expert analysis, distributor and partner network layouts, and other relevant information. The report is curated to provide comprehensive insights into the strontium market.
| Report Attributes | Details |
|---|---|
| Market Size (2023) | US$ 229.2 Million |
| Forecasted Market Value (2033) | US$ 410.5 Million |
| Global Market Growth Rate (2023 to 2033) | 6% CAGR |
| Canada Market Growth Rate (2023 to 2033) | 6% CAGR |
| Germany Market Growth Rate (2023 to 2033) | 5.3% CAGR |
| 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. |
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Why is Worldwide Demand for Strontium Growing Rapidly?
“High Demand for Strontium Nitrate in Pyrotechnics Industry”
Fireworks and pyrotechnics have become increasingly popular in recreational shows and entertainment. Events such as sports events, media events, festivals, and award shows utilize various fireworks to add grandeur and extravagance to their shows.
Growing demand for pyrotechnic chemicals is expected to in turn drive sales of strontium nitrate, which is commonly used as an oxidizer and colorant in pyrotechnic products. The increasing utilization of strontium nitrate is expected to further boost its demand globally during the forecast period.
“Rising Utilization of Strontium Nitrate in Chemical, Marine, and Defense Sectors”
Strontium nitrate is used as an oxidizer and a coloring agent in distress flares, which are a crucial safety tool in the fields of defense and marine. Moreover, strontium nitrate is less likely to cause skin irritation. As a result, the demand for strontium nitrate is expected to rise significantly through 2033.
Strontium nitrate finds its application in producing catalysts, high-purity compounds, ultra-high-purity compounds, and nanoscale materials.
One such instance is the production of calcium-substituted strontium ferrite and strontium hexaferrite nanoparticles, where strontium nitrate is used in chemical co-precipitation processes. Consequently, the increasing demand for strontium nitrate in the chemical industry to develop new products will open up substantial opportunities for industry players.
Which Factors are Restricting Adoption Growth of Strontium?
“Risk of Explosion and Fire Hazards Associated with Strontium”
The mishandling of strontium is on the rise globally, and there is a significant risk of explosion and fire hazards associated with its usage. These factors are expected to hinder the adoption of strontium over the decade.
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Why is Strontium Usage High in Asia Pacific?
“Rapid Urbanization and Industrialization Benefiting Target Market”
Over the next decade, the Asia Pacific region is expected to hold a leading share of the global strontium market. The growing demand for strontium from diverse industries such as personal care, electronics, paints & coatings, and others is driving market revenue.
Moreover, rapid urbanization and industrialization in emerging economies such as Malaysia, Thailand, and India are fostering new developments in these countries, which is further propelling the demand for strontium throughout Asia Pacific.
Country-wise Insights
What’s Contributing to Increased Sales of Strontium in Japan?
“Market Benefitting from Increasing Investments in Research Projects to Explore Applications of Strontium”
Japan market is forecasted to progress at a CAGR of 4.3% through 2033. Investments in research projects aimed at exploring innovative applications of strontium are expected to create lucrative opportunities in Japan. The high demand for strontium from the infrastructure & construction and medical & dental sectors is also contributing to its sales in the country.
What is Driving Demand for Strontium in North America?
“Wide Applicability of Strontium in Several Industries”
Rising demand for strontium in the United States can be attributed to several industries, including electronics, automotive, and aerospace. Additionally, the country's well-developed army and military capabilities are also contributing to this demand.
Sales of strontium in Canada are expected to advance at a noteworthy CAGR of 6% from 2023 to 2033.
What are the Market Trends for Strontium in Germany?
“Increasing Production of Automotive Parts Driving Need for Strontium”
Sales of strontium in Germany are anticipated to advance at a CAGR of 5.3% through 2033. Anticipated growth in the production and sales of automotive parts in Germany is expected to drive demand for paints and coatings, subsequently leading to an increase in demand for strontium.
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Category-wise Insights
How are Manufacturers Benefitting from Sales of Strontium Carbonate?
“Rising Utilization of Strontium Carbonate in Personal Care and Medical & Dental Care Segments”
Sales of strontium carbonate are anticipated to advance at a CAGR of 8.4% through 2033 while holding a significant share of the global market. Personal care, medical & dental care segments are exhibiting high demand for strontium carbonate.
Strontium carbonate is increasingly being used in ceramic glazes as frits due to its non-toxic nature, which provides a viable alternative to lead and barium. This, in turn, is boosting the demand for strontium carbonate. Moreover, the pyrotechnic, electrical & electronics, and paints & coatings segments are also contributing to the demand for strontium carbonate.
Which Industry Constitutes a Significant Portion of Strontium Consumption?
“Superior Properties of Strontium Contributing to Rising Demand in Paints & Coatings Industry”
The paints & coatings industry accounts for a significant share of the strontium market. The demand for strontium from the paints & coatings industry is increasing due to its excellent properties, such as resistance to salt, UV, weather, and fog, as well as its high gloss and contrast ratio.
Strontium possesses distinct characteristics such as a smooth surface, high pellet flow, easy dispersion, opacity, and enhanced film coverage, which are driving its demand. Additionally, the increasing use of paints & coatings in various end-use industries such as construction, aerospace, electronics, and automotive is generating profitable opportunities.
Strontium is a prominent substrate material for piezoelectric and semiconductor applications. Additionally, the adoption of strontium as a colorant in various pyrotechnic applications such as tracer ammunition, fireworks, and civilian and military flares for producing vivid red hues is increasing significantly.
Competitive Landscape
Strontium manufacturers are investing in improving their supply chain management systems and adopting advanced delivery services such as e-commerce platforms. They are sourcing high-quality raw materials to ensure the delivery of superior products, while also taking measures to minimize any potential environmental impacts.
Key suppliers of strontium are actively engaged in developing new products and forming collaborations and partnerships while adhering to quality control regulations.
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.
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., and Yuxiang Magnetic Materials Ind. Co., Ltd. are key suppliers of strontium.
Segmentation of Strontium Industry Research
-
By Type :
- Carbonate
- Sulfate
- Nitrate
- Others
-
By Application :
- Electrical & Electronics
- Medical & Dental
- Pyrotechnics
- Personal Care
- Paints & Coatings
- Others
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Global Market Pricing Analysis
- 6. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033)
- 7. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Material
- 7.1 Wire
- 7.2 Jacket
- 8. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Type
- 8.1 Push-pull Control Cables
- 8.2 Pull-pull Control Cables
- 9. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Platform
- 9.1 Aerial
- 9.2 Land
- 9.3 Marine
- 10. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by End Use
- 10.1 Commercial
- 10.2 Defense
- 10.3 Non-aero Military
- 11. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Region
- 11.1 North America
- 11.2 Europe
- 11.3 East Asia
- 11.4 South Asia
- 11.5 Latin America
- 11.6 Middle East & Africa (MEA)
- 11.7 Oceania
- 12. North America Market Analysis and Forecast
- 13. Europe Market Analysis and Forecast
- 14. East Asia Market Analysis and Forecast
- 15. South Asia Market Analysis and Forecast
- 16. Latin America Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Oceania Market Analysis and Forecast
- 19. Global Market Analysis Key Countries
- 20. Competition Landscape
- 21. Competition Analysis
- 21.1 Crane Aerospace & Electronics
- 21.2 Elliott Manufacturing Company Inc
- 21.3 Kuster Holding GmbH
- 21.4 AeroControlex Group
- 21.5 Avdel (India) Pvt. Ltd.
- 21.6 Excel Controlinkage Pvt Ltd.
- 21.7 Control Cable, Inc.
- 21.8 Dayton Clutch & Joint, Inc.
- 21.9 Cablecraft Motion Controls
- 21.10 Cable-Tec Cables & Controls LTD
- 21.11 Aero Assemblies
- 21.12 Bergen Cable Technology
- 21.13 Grand Rapids Controls, LLC.
- 21.14 Carl Stahl Sava Industries, Inc.
- 22. Appendix
- 23. Definitions of Analytical Frameworks
- 24. Sources and References
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Type, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Type, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Type, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Type, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Type, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Type, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Type, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Type, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Type, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Type, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Type, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Type, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Type, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Type, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Type, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Type, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Type, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Type, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Type, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Type, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Type, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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Competitive landscape highlights only certain players
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- FAQs -
What is the estimated valuation of the strontium market for 2023?
The global strontium market stands at US$ 229.2 million in 2023.
What is the demand outlook for strontium for 2033?
Worldwide demand for strontium is predicted to reach a market valuation of US$ 410.5 million by 2033.
What is the expected CAGR for the strontium market through 2033?
The market for strontium is set to expand at a CAGR of 6% through 2033.
Which type of strontium is estimated to account for high sales?
Sales of strontium carbonate predicted to increase at a high CAGR of 8.4% from 2023 to 2033.
At what rate will the demand for strontium increase in Germany?
Demand for strontium in Germany is forecasted to advance at a CAGR of 5.3% through 2033.
What is the demand outlook for strontium in Canada?
Consumption of strontium is expected to progress at a CAGR of 6% in Canada.
Who are the key global suppliers of strontium?
Barium & Chemicals, Noah Technologies, and Quimica Del Estroncio are leading strontium manufacturers.
Strontium Market