Global Strontium Industry

Global Strontium Industry

  • April 2021 •
  • 271 pages •
  • Report ID: 5817841 •
  • Format: PDF
Abstract:
- Global Strontium Market to Reach 340.9 Thousand Tons by 2027
- Amid the COVID-19 crisis, the global market for Strontium estimated at 274.8 Thousand Tons in the year 2020, is projected to reach a revised size of 340.9 Thousand Tons by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027. Strontium Carbonate, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach 160 Thousand Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Strontium Nitrate segment is readjusted to a revised 3% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 74.2 Thousand Tons, While China is Forecast to Grow at 6.1% CAGR
- The Strontium market in the U.S. is estimated at 74.2 Thousand Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 72.1 Thousand Tons by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
- Strontium Sulphate Segment to Record 2% CAGR
- In the global Strontium Sulphate segment, USA, Canada, Japan, China and Europe will drive the 1.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 33 Thousand Tons in the year 2020 will reach a projected size of 37.4 Thousand Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 47.7 Thousand Tons by the year 2027, while Latin America will expand at a 3% CAGR through the analysis period.

- Select Competitors (Total 19 Featured) -
  • Asia Barium & Strontium Salts Co. (ABASSCO)
  • Barium & Chemicals, Inc.
  • Basstech International LLC
  • KBM Affilips BV
  • Noah Technologies Corporation
  • Prochem, Inc.
  • Quimica Del Estroncio SA
  • Sakai Chemical Industry Co., Ltd.
  • Shijiazhuang Zhengding JINSHI Chemical Co., Ltd.
  • Solvay SA
  • Yuxiang Magnetic Materials Ind. Co., Ltd.