The global Strontium Carbonate market was valued at 2 Million USD in 2021 and will grow with a CAGR of 2.61% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

As a main product in salt industry, strontium carbonate has strong X-ray shielding function and unique physical-chemical properties. It is widely used in electronics, military industry, metallurgy, light industry, medicine and optics fields. It develops fast in world`s inorganic chemical materials. Currently, Solvay is the only major manufacturer of strontium carbonate in Germany and Western Europe, strontium salt upstream products mainly rely on imports from China, which is reflected in China`s cheap labor costs and environmental issues, with the development of technology in the next few years, more rational the emergence of technology, there will be more foreign manufacturers will enter into this field. At present, the downstream market in China is relatively saturated, therefore, subject to major downstream manufacturers greatly troubled by export problems, which forced the domestic manufacturers continue to increase the amount of production technology, higher quality for strontium carbonate. Over all, although many factors that limit the development of the market, but because of the excellent quality of strontium carbonate, the coming years will greatly promote the development of the food additives industry. Therefore, we recommend that if you have a fixed downstream customer, still highly recommended to enter into this field.

By Market Verdors:

Solvay

Honjo Chemical Corp

Redstar

Qinghai Jinrui Group

Hebei Xinji Chemical Group

Shijiazhuang Zhengding Jinshi Chemical

Zaozhuang Yongli Chemcial

Gansu Minyue Fuyuan Chemical.

Nanjing Jinyan Strontium Industry

By Types:

Industrial Grade

Electronic Grade

By Applications:

Glass

Magnetic Materials

Metal Smelting

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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