Strontium Carbonate Market Driven by Growing
Construction and Pyrotechnics Industries

Strontium carbonate is a white
powder which finds application in glass production, pyrotechnics, ceramics and
ferrite industries primarily due to its high reactivity. It provides chemical
stability, durability and opacity to glass. In pyrotechnics, it produces bright
red colors when burnt. Strontium carbonate also improves electrical properties
of ferrites and mechanical strength of ceramics.

The
global strontium carbonate market is estimated to be valued at US$ 228.1 Mn in 2024
and is expected to exhibit a CAGR of 2.7% over the forecast period 2024 to
2031.



Key Takeaways



Key players: The key players operating in the strontium carbonate market
include Solvay, Muby Chemicals, American Elements, Celtic Chemicals Ltd.,
Zaozhuang Yongli Chemical Co. Ltd., Sakai Chemical Industry Co. Ltd,
Shijiazhuang Zhengding., Hebei Xinji Chemical Group Co. Ltd., Jinshi Chemical
Co. Ltd., Abassco, Vishnupriya Chemicals, Haihang Industry, CDH Fine Chemical,
Wego Chemical Group, Joshi Agrochem Pharma Pvt Ltd., and Ataman Kimya.

Solvay is the market leader with
more than 20% market share globally. Other major players include Muby Chemicals
and American Elements.



Growing demand: Rising construction activities are driving the demand for glass
and ceramics which in turn is augmenting the consumption of strontium
carbonate.



Global expansion: Key players are expanding their production facilities
globally especially in Asia Pacific and Middle East & Africa to leverage
growing demand from developing nations.



Market drivers



Growing construction industry: Expansion of construction sector worldwide
especially in emerging Strontium
Carbonate Market Trends  economies
is propelling the demand for glass and ceramics which utilize strontium
carbonate as a key raw material.



Increasing pyrotechnics usage: Strontium carbonate is increasingly used in
fireworks and flares due its brighter red color on combustion. Growing cultural
and festive events are fueling its demand from pyrotechnics industry.



The current geopolitical situation is impacting the Strontium
Carbonate Market Size And Trends Rising tensions between major
countries are disrupting global supply chains and trade relations. This
volatility increases uncertainty in key end-use industries that utilize
strontium carbonate such as glass manufacturing, paints & coatings, plastic
& polymer, which hinders their investments and expansion plans.

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Carbonate Market