Strontium Carbonate Market
Strontium Carbonate Market
The market for Strontium Carbonate was estimated at $2.37 billion in 2024; it is anticipated to increase to $3.1 billion by 2030, with projections indicating growth to around $3.9 billion by 2035.
Global Strontium Carbonate Market Outlook
Revenue, 2024 (US$B)
$2.4B
Forecast, 2034 (US$B)
$3.8B
CAGR, 2024 - 2034
4.7%
Market Key Insights
- The Strontium Carbonate market is projected to grow from $2.4 billion in 2024 to $3.8 billion in 2034. This represents a CAGR of 4.7%, reflecting rising demand across Firework Manufacturing, Glass Industry and Medical Equipment Manufacturing.
- Solvay, Sakai Chemical Industry Co. Ltd, Maruti Chemicals are among the leading players in this market, shaping its competitive landscape.
- China and U.S. are the top markets within the Strontium Carbonate market and are expected to observe the growth CAGR of 3.3% to 4.3% between 2024 and 2030.
- Emerging markets including Indonesia, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 5.2% to 6.6%.
- Transition like Rise in Green Manufacturing is expected to add $200.0 million to the Strontium Carbonate market growth by 2030
- The Strontium Carbonate market is set to add $1.4 billion between 2024 and 2034, with manufacturer targeting Ceramics Manufacturing & Pyrotechnics Application projected to gain a larger market share.
- With Increased usage in pyrotechnics, and Medical innovations, Strontium Carbonate market to expand 58% between 2024 and 2034.
Opportunities in the Strontium Carbonate
STRONTIUM CARBONATE is recognized for its ability to create red hues in fireworks and flares which are essential elements in the pyrotechnic sector. With technological advancements shaping this field of industry there is a growing need for substances that yield more striking and intense visual effects. By tapping into the market niche of offering superior coloring options, for pyrotechnic shows the higher market position of STRONTIUM CARBONATE.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Increased Usage in Pyrotechnics, and Advancement in Ceramic Industries
Restraint: Regulatory Constraints
Opportunity: Expanding Use in Glass and Ceramic Industry
Challenge: Market Volatility
Supply Chain Landscape
Raw Material Extraction
BassTech International
Solvay Group
Primary Production
Sakai Chemical
Sigma-Aldrich
Manufacturing & Processing
Searles Valley Minerals
Chongqing Yuanhe Fine Chemicals
End-User
Glass industry
Fireworks industry
Ceramic industry
Raw Material Extraction
BassTech International
Solvay Group
Primary Production
Sakai Chemical
Sigma-Aldrich
Manufacturing & Processing
Searles Valley Minerals
Chongqing Yuanhe Fine Chemicals
End-User
Glass industry
Fireworks industry
Ceramic industry