Lucintel Forecasts the Global Strontium Nitrate Market to Reach $1 Billion by 2030
Lucintel Forecasts the Global Strontium Nitrate Market to Reach $1 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global strontium nitrate market looks promising with opportunities in the fireworks, glass, electronics & semiconductor, automotive, construction, and water treatment markets. The global strontium nitrate market is expected to reach an estimated $1 billion by 2030 at a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing demand from the pyrotechnics industry, growing use in wastewater treatment, and increasing applications of distress flare as an essential piece of safety kit in marine, and defense.
A more than 150-page report to understand trends, opportunity and forecast in global strontium nitrate market to 2030 by grade (technical grade, analytical grade, guaranteed reagent grade, acs grade, and others), application (pyrotechnics, glassware, electronics, coatings, water treatment, and others), end use (fireworks, glass, electronics & semiconductors, automotive, construction, water treatment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that pyrotechnics will remain the largest segment over the forecast period because the strontium nitrate is used to generate vibrant red hues in fireworks and emergency flares.
North America will remain the largest region over the forecast period due to rising prominence of the pyrotechnics and explosives industry in the region.
Solvay, Sakai Chemical Industry, Quimicos Aragonesas, Jinyan Strontium Industry, Joyieng Chemical, Hongkong XinRunDe Chemicals, Huaqi Fine Chemical are the major suppliers in the strontium nitrate market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056