Press release
Global Strontium Carbonate Market to Witness a Pronounce Growth During 2023
As a main product in salt industry, strontium carbonate has strong X-ray shielding function and unique physical-chemical properties. It is widely used in electronics, military industry, metallurgy, light industry, medicine and optics fields. It develops fast in world’s inorganic chemical materials.
Currently, Solvay is the only major manufacturer of strontium carbonate in Germany and Western Europe, strontium salt upstream products mainly rely on imports from China, which is reflected in China's cheap labor costs and environmental issues, with the development of technology in the next few years, more rational the emergence of technology, there will be more foreign manufacturers will enter into this field.
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Global Strontium Carbonate Market: Forecast by Type / Application / Region
At present, the downstream market in China is relatively saturated, therefore, subject to major downstream manufacturers greatly troubled by export problems, which forced the domestic manufacturers continue to increase the amount of production technology, higher quality for strontium carbonate.
Over all, although many factors that limit the development of the market, but because of the excellent quality of strontium carbonate, the coming years will greatly promote the development of the food additives industry. Therefore, we recommend that if you have a fixed downstream customer, still highly recommended to enter into this field.
Over the next five years, LPI(LP Information) projects that Strontium Carbonate will register a 2.5% CAGR in terms of revenue, reach US$ 240 million by 2023, from US$ 200 million in 2017.
Global Strontium Carbonate Market: Key Players
Solvay
Honjo Chemical Corp
Redstar
Qinghai Jinrui Group
Hebei Xinji Chemical Group
Shijiazhuang Zhengding Jinshi Chemical
Zaozhuang Yongli Chemcial Co.,Ltd
Gansu Minyue Fuyuan Chemical Co.,Ltd.
Nanjing Jinyan Strontium Industry
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Related Information:
United States Strontium Carbonate Market Research Report 2018
Europe Strontium Carbonate Market Research Report 2018
North America Strontium Carbonate Market Research Report 2018
Asia-Pacific Strontium Carbonate Market Research Report 2018
China Strontium Carbonate Market Research Report 2018
EMEA Strontium Carbonate Market Research Report 2018
Global Strontium Carbonate Market Research Report 2018
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