Global Strontium Nitrate Market – Industry Trends and Forecast to 2030

Análise e dimensão do mercado de nitrato de estrôncio

Espera-se que o mercado global de nitrato de estrôncio testemunhe um crescimento significativo durante o período de previsão devido à crescente utilização de sinalizadores ferroviários, luzes de sinalização e pirotecnia como pigmento. O nitrato de estrôncio é amplamente utilizado em pirotecnia para a formação de corantes vermelhos e chamas vermelhas ricas em fogos de artifício e sinalizadores de estradas devido às suas propriedades oxidantes benéficas. Para além de ser utilizado em pirotecnia, este composto pode também ser utilizado como redutor de irritações cutâneas quando combinado com ácido glicólico.

A Data Bridge Market Research analisa que o mercado do nitrato de estrôncio deverá sofrer um CAGR de 5,20% durante o período de previsão. Isto indica que o valor de mercado, 216,18 milhões de dólares em 2022, dispararia para 324,30 milhões de dólares até 2030. Para além dos insights sobre cenários de mercado, como o valor de mercado, a taxa de crescimento, a segmentação, a cobertura geográfica e grandes players, os relatórios de mercado com curadoria da Data Bridge Market Research também inclui análise especializada aprofundada, produção e capacidade da empresa representada geograficamente, layouts de rede de distribuidores e parceiros, análise detalhada e atualizada de tendências de preços e análise de défice da cadeia de fornecimentos e procura.

Âmbito e segmentação do mercado de nitrato de estrôncio

Definição de mercado

O nitrato de estrôncio é um sal sólido incolor do elemento estrôncio. O nitrato de estrôncio é um composto inorgânico composto por estrôncio, oxigénio e azoto com a fórmula química Sr (NO3)2. Este composto é utilizado como oxidante e corante vermelho em pirotecnia. O nitrato de estrôncio é um composto incombustível, mas aumenta a queima de compostos explosivos. É amplamente utilizado em pirotecnia para fazer medicamentos e produtos químicos.

Dinâmica global do mercado de nitrato de estrôncio

Motoristas

• Crescente consumo de nitrato de estrôncio em pirotecnia

Hoje em dia, as chamas de fumo, os flashes e outros tipos de pirotecnia e os fogos de artifício tornaram-se uma parte significativa dos espetáculos de entretenimento e recreação relacionados com eventos mediáticos, eventos desportivos, entregas de prémios e festivais, entre outros, para acrescentar extravagância ao espetáculo. Isto resultou num grande aumento da procura global de produtos químicos pirotécnicos e de fogos de artifício. Prevê-se que a crescente procura de produtos químicos pirotécnicos irá gerar uma procura de nitrato de estrôncio, que é utilizado como corante e oxidante em produtos pirotécnicos. Assim, prevê-se que a crescente utilização de nitrato de estrôncio na pirotecnia impulsione o crescimento do mercado global.

• Aumento da procura de nitrato de estrôncio devido às suas propriedades oxidantes

As propriedades oxidantes deste composto são vantajosas em diversas aplicações. Por exemplo, o nitrato de estrôncio diminui consideravelmente melhor a sensação de irritação da pele do que a utilização apenas de ácido glicólico. Quando o nitrato de estrôncio é misturado com o ácido glicólico, ajuda a diminuir e a eliminar as irritações da pele.

Oportunidades

• Aumento da procura de nitrato de estrôncio no setor marinho e de defesa

As crescentes aplicações do socorro alargam-se como uma importante peça de kit de segurança na defesa e na marinha, entre outros usos finais, porque reduz a sensação de irritação da pele. Como resultado disto, as vendas de nitrato de estrôncio aumentam a um ritmo rentável e prevê-se que criem imensas oportunidades para o crescimento do mercado global de nitrato de estrôncio.

• Uso extensivo de nitrato de estrôncio na indústria química

Strontium nitrate is used for the production of catalysts, nanoscale material, high purity, and ultra-high purity compounds. For instance, strontium nitrate can be used to produce calcium-substituted strontium hexaferrite nanoparticles and strontium ferrite by a chemical co-precipitation method. Thus, the surging demand for strontium nitrate in the chemical industry to prepare several new products will create ample opportunities for market growth.

Restraints/ Challenges

• Risks associated with strontium nitrate

Rising possibilities of fire hazards and explosion from mishandling of strontium nitrate are one of the major factors which are acting as a market restraint and will further challenge the growth of the strontium nitrate market during the forecast of 2023-2029.

 This strontium nitrate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the strontium nitrate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Strontium Nitrate Market Scope

The strontium nitrate market is segmented on the basis of product, application, end-uses and grade. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Strontium Carbonate
• Strontium Sulfate
• Strontium Nitrate
• Other Products

Application

• Electrical and Electronics
• Medical and Dental
• Paints and Coatings
• Personal Care
• Pyrotechnic
• Other Applications

 End-Uses

• Fireworks
• Pyrotechnics
• Chemical Industry
• Nanotechnology
• Pharmaceutical

Grade

• High purity (<99%)
• Ultra-High purity (≥99%)

Strontium Nitrate Market Regional Analysis/Insights

The strontium nitrate market is analyzed and market size insights and trends are provided by country, product, application, end-uses and grade as referenced above.

The countries covered in the strontium nitrate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the strontium nitrate market in terms of market share revenue, increasing the presence of Celestine mineral deposits in this region. Moreover, a rise in the consumption of strontium and its compounds in pyrotechnic, electrical, and electronics industries in countries including China and china will likely boost the market's growth.

North America and Europe expect to be the fastest-growing region during the forecast period of 2023-2030, owing to the increasing prominence of the pyrotechnics and explosives industry in these regions.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Strontium Nitrate Market Share Analysis

The strontium nitrate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to strontium nitrate market.

Some of the major players operating in the strontium nitrate market are:

• DuPont (U.S.)
• Solvay (Belgium)
• Honeywell International Inc. (U.S.)
• LuminoChem (Hungary)
• Nemoto & Co. Ltd., (Japan)
• Allureglow International (Australia)
• GloTech International (Philippines)
• Lightleader Co. Ltd. (China)
• Tavco Chemicals Inc. (U.S.)
• RTP Company (U.S.)
• RC Tritec Ltd. (Switzerland)
• Glow Inc. (Indonesia)
• Bio-x (India)
• Shenzhen Yumingjie Pigments CO., L.T.D. (China)
• Triveni Interchem Private Limited (Group of Triveni Chemicals) (India)
• Foset Co. Ltd (China)
• Anyang Jinfang Metallurgy Co.,Ltd. (China)
• Dezhou Grand Luminous Technology Co., Ltd. (China)

SKU-58622