Global Strontium Carbonate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Strontium Carbonate market:
The latest research study on the global Strontium Carbonate market finds that the global Strontium Carbonate market reached a value of USD 570.48 million in 2022. It’s expected that the market will achieve USD 883.23 million by 2028, exhibiting a CAGR of 7.56% during the forecast period.

Strontium carbonate (SrCO3) is the carbonate salt of strontium that has the appearance of a white or grey powder. It occurs in nature as the mineral strontianite. strontium carbonate has strong X-ray shielding function and unique physical-chemical properties.

Market Opportunities
Strontium carbonate has a wide range of uses in production, and strontium carbonate particles are used in the production of display glass and other glass. Strontium carbonate particles can also be used in metallurgy, such as the smelting of zinc. Strontium carbonate standard powder is used to produce ferrites for permanent magnets. Strontium carbonate is the source of strontium oxide in the glaze and can be used as a flux. Strontium carbonate is a common alternative to barium carbonate, especially when the desired effect is a color-sensitive matte. In addition, it is also used in the preparation of iridescent glass, luminescent coatings, strontium oxide and strontium salts, and refined sugars and certain drugs. A wide range of downstream application markets. With the development of the economy and the increase in people's purchasing power, the growth of demand in the downstream market will increase the demand for strontium carbonate.

Market Challenges
At present, the main raw material for the production of strontium carbonate is celestite. The industrial chemical production methods of strontium ore generally include the metathesis method and the carbon reduction method.
The metathesis method mainly reacts celestite with sodium carbonate directly, decomposes it into crude strontium carbonate, and further processes it into finished products. However, due to the variety of chemical raw materials used in the production process of this method, the amount of acid and alkali is also large. As a result, the production cost is high. At present, this method is mostly not used to produce strontium carbonate.
Carbon reduction methods are more commonly used, including carbonization methods and decomposition precipitation methods. The shortcomings of the prior art carbon reduction processes are: whether carbonization method or decomposition precipitation method, there is a problem of discharging sulfur compounds waste liquid, waste gas, Causes environmental pollution; the amount of waste is very large, and the content is low, and the concentration of low sulfur is only 1 to 2%. It is expensive to process for this, that is, there is no value for recycling, so it also causes the celestite mine Massive loss of sulphur in resources wasted.
Therefore, more advanced production processes are very urgent for manufacturers. In the production process, environmental protection will be a challenge for both enterprises and society.

Region Overview:
North America dominated the Strontium Carbonate market in 2022, with a market share of 34.32%.

Company Overview:
Solvay is one of the major players operating in the Strontium Carbonate market, holding a share of 43.51% in 2023.

Solvay
Solvay SA manufactures chemicals and plastics. The Company produces soda ash, hydrogen peroxide, functional polymers, silica, surfactants, food and fragrance flavors, and other specialty polymers. Solvay offers its products to numerous industries, including the aerospace, alternative energy, automotive, chemical, construction, consumer goods, food and beverage, and oil and gas markets.

Shijiazhuang Zhengding Jinshi Chemical
SHIJIAZHUANG ZHENGDING JINSHI CHEMICAL CO., LTD is located at Zhengding County—a graceful and attractive place that is famous for a great number of historical heritages. The traffic of Zhengding County is very convenient with Jingzhu Expressway in the East, Jingguang Railway and 107 State Road in the West, the capital of Hebei Province Shijiazhuang city in the South, and Shijiazhuang International Airport in the North.

Segmentation Overview:
Among different product types, Industrial Grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Magnetic Materials segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Strontium Carbonate market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Strontium Carbonate market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Strontium Carbonate and its sub-markets in an intuitive way.

Key Companies in the global Strontium Carbonate market covered in Chapter 3:
Chongqing Yuanhe Fine Chemicals
Guizhou Red Star
Chemical Products Corporation
Nanjing Jinyan Strontium
Shijiazhuang Zhengding Jinshi Chemical
Hebei Xinji Chemical
Chongqing Kinglong Fine Strontium Chemical
The Honjo Chemical Corporation
Sakai Chemical Industry
Solvay
Gansu Minle Fuyuan Chemical
Zaozhuang Yongli Chemcial
Qinghai Jinrui Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Strontium Carbonate market from 2018 to 2029 is primarily split into:
Industrial Grade
Electronic Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Strontium Carbonate market from 2018 to 2029 covers:
Glass
Magnetic Materials
Metal Smelting
Ceramics
Electronic

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Strontium Carbonate market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions