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.
Download
sample by clicking on strontium nitrate
market.
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.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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