Market Overview:
The global strontium nitrate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for pyrotechnics, glass, signal detonators and other applications across the globe. Strontium nitrate is used as an oxidizer and fuel in various applications such as pyrotechnics, glassmaking, signal detonators and others. It also finds application in fireworks displays, tracer bullets and flares among others. In addition, strontium nitrate is also used as a dopant material in optical glasses owing to its high refractive index.
Product Definition:
Strontium Nitrate is a salt of Strontium and Nitric Acid. It can be used as an oxidizing agent, or in the production of other strontium salts.
99.0% Purity:
99.0% purity is a term used for Strontium Nitrate (SrNO3) which has been purified to remove all other metals and chemicals. It is also known as strontium mononitrate or Sr(NO3)2, it's molecular formula is (SR(NO3)2).
99.5% Purity:
99.5% purity is a term used for Strontium Nitrate (SrNO2) which has been purified to remove all other metals and chemicals. It is also referred to as pure SrNO2 or stannous chloride, the anhydrous form of strontium nitrate, or strychnine base.
Application Insights:
Strontium nitrate is used in the manufacturing of fireworks, glass, signal detonators and other applications such as fertilizers and matchsticks. The demand for fireworks manufactured using strontium nitrate was high across all regions with significant growth observed in Asia Pacific, Europe and North America. In terms of revenue, the pyrotechnics segment dominated the global market with a share of over 40% in 2017 owing to increased usage by hobbyists across the world.
The signal detonator application segment is expected to witness significant growth over the forecast period due to its increasing use by police departments worldwide as an alternative to conventional explosives such as dynamite. In addition, stringent regulations on quarrying have resulted in increased mining activities which are likely to propel demand for signal detonators over coming years.
Regional Analysis:
Asia Pacific was the largest market for global strontium nitrate with a revenue share of over 40% in 2016. China is one of the major producers and exporters of this product. The demand for signal detonators is high in this country owing to stringent regulations by regulatory bodies such as IEC, CSA, and ANSI regarding explosives safety. This has led to increased production capacity and enhanced exports from China which has resulted in a significant increase in its production capacity since 2010s resulting into higher consumption globally.
North America emerged as the second-largest consumer after Asia Pacific due to increasing imports from Europe especially UK where 99% purity products are largely consumed due to their applications in fireworks manufacturing industry along with other end-use industries such as glass coating, mining sector etc., which results into an increased import quantity from EU countries over last few years resulting into low prices for consumers compared to Asia Pacific region (99% Purity).
Growth Factors:
- Increasing demand from the glass and ceramics industry for Strontium Nitrate as a fluxing agent is expected to be a key growth driver for the market over the forecast period.
- Growing demand for Strontium Nitrate in fireworks and flares is also anticipated to fuel market growth over the next few years.
- Rising application of Strontium Nitrate in medical imaging is another key factor that is expected to drive market growth during the forecast period.
- Stringent environmental regulations pertaining to lead emissions are projected to create opportunities for strontium nitrate manufacturers in the near future. 5) The increasing use of strontium nitrate as an additive in various end-use industries such as plastics, rubber, paints & coatings, and adhesives is also likely to propel market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Strontium Nitrate Market Research Report
By Type
99.0% Purity, 99.5% Purity, Other
By Application
Pyrotechnics, Glass, Signal Detonator, Other
By Companies
Solvay, Hebei Xinji Chemical, Yuanhe Fine Chemicals, Newcent New Material, FuRun Chemicals, Huaqi Fine Chemical, Jinyan Strontium Industry
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Strontium Nitrate Market Report Segments:
The global Strontium Nitrate market is segmented on the basis of:
Types
99.0% Purity, 99.5% Purity, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pyrotechnics, Glass, Signal Detonator, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Solvay
- Hebei Xinji Chemical
- Yuanhe Fine Chemicals
- Newcent New Material
- FuRun Chemicals
- Huaqi Fine Chemical
- Jinyan Strontium Industry
Highlights of The Strontium Nitrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 99.0% Purity
- 99.5% Purity
- Other
- By Application:
- Pyrotechnics
- Glass
- Signal Detonator
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Strontium Nitrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Strontium nitrate is a white, crystalline solid that is used in the production of fireworks and explosives. It is also used as a component in medical imaging equipment, such as CT scans. Strontium nitrate can be dangerous if it comes into contact with skin or eyes.
Some of the key players operating in the strontium nitrate market are Solvay, Hebei Xinji Chemical, Yuanhe Fine Chemicals, Newcent New Material, FuRun Chemicals, Huaqi Fine Chemical, Jinyan Strontium Industry.
The strontium nitrate market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Strontium Nitrate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Strontium Nitrate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Strontium Nitrate Market - Supply Chain
4.5. Global Strontium Nitrate Market Forecast
4.5.1. Strontium Nitrate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Strontium Nitrate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Strontium Nitrate Market Absolute $ Opportunity
5. Global Strontium Nitrate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Strontium Nitrate Market Size and Volume Forecast by Type
5.3.1. 99.0% Purity
5.3.2. 99.5% Purity
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Strontium Nitrate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Strontium Nitrate Market Size and Volume Forecast by Application
6.3.1. Pyrotechnics
6.3.2. Glass
6.3.3. Signal Detonator
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Strontium Nitrate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Strontium Nitrate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Strontium Nitrate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Strontium Nitrate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Strontium Nitrate Demand Share Forecast, 2019-2026
9. North America Strontium Nitrate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Strontium Nitrate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Strontium Nitrate Market Size and Volume Forecast by Application
9.4.1. Pyrotechnics
9.4.2. Glass
9.4.3. Signal Detonator
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Strontium Nitrate Market Size and Volume Forecast by Type
9.7.1. 99.0% Purity
9.7.2. 99.5% Purity
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Strontium Nitrate Demand Share Forecast, 2019-2026
10. Latin America Strontium Nitrate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Strontium Nitrate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Strontium Nitrate Market Size and Volume Forecast by Application
10.4.1. Pyrotechnics
10.4.2. Glass
10.4.3. Signal Detonator
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Strontium Nitrate Market Size and Volume Forecast by Type
10.7.1. 99.0% Purity
10.7.2. 99.5% Purity
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Strontium Nitrate Demand Share Forecast, 2019-2026
11. Europe Strontium Nitrate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Strontium Nitrate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Strontium Nitrate Market Size and Volume Forecast by Application
11.4.1. Pyrotechnics
11.4.2. Glass
11.4.3. Signal Detonator
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Strontium Nitrate Market Size and Volume Forecast by Type
11.7.1. 99.0% Purity
11.7.2. 99.5% Purity
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Strontium Nitrate Demand Share, 2019-2026
12. Asia Pacific Strontium Nitrate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Strontium Nitrate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Strontium Nitrate Market Size and Volume Forecast by Application
12.4.1. Pyrotechnics
12.4.2. Glass
12.4.3. Signal Detonator
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Strontium Nitrate Market Size and Volume Forecast by Type
12.7.1. 99.0% Purity
12.7.2. 99.5% Purity
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Strontium Nitrate Demand Share, 2019-2026
13. Middle East & Africa Strontium Nitrate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Strontium Nitrate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Strontium Nitrate Market Size and Volume Forecast by Application
13.4.1. Pyrotechnics
13.4.2. Glass
13.4.3. Signal Detonator
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Strontium Nitrate Market Size and Volume Forecast by Type
13.7.1. 99.0% Purity
13.7.2. 99.5% Purity
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Strontium Nitrate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Strontium Nitrate Market: Market Share Analysis
14.2. Strontium Nitrate Distributors and Customers
14.3. Strontium Nitrate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Solvay
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hebei Xinji Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Yuanhe Fine Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Newcent New Material
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FuRun Chemicals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Huaqi Fine Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jinyan Strontium Industry
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
