Strontium Chloride Market, By Form (Hexahydrate and Anhydrous), By Application (Pyrotechnics, Glass and Ceramics, Metal Production, Pharmaceuticals, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Strontium Chloride Market, By Form (Hexahydrate and Anhydrous), By Application (Pyrotechnics, Glass and Ceramics, Metal Production, Pharmaceuticals, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Strontium chloride is a compound formed between the alkali earth metal strontium and chlorine. It is commercially produced as strontium chloride hexahydrate or SrCl2

6H2O. Strontium chloride is widely utilized in the production of specialty glass for color cathode ray tubes and electronic components. It is also employed in the manufacturing of pyrotechnics and flares due to its brilliant red color upon combustion. Moreover, strontium chloride finds application in the chemical industry as a fluxing agent and precursor to other strontium compounds. The global strontium chloride market is projected to witness significant growth over the forecast period owing to increasing demand from the glass and pyrotechnics industries.

Market Dynamics:

The global strontium chloride market is primarily driven by rising consumption of strontium chloride in the production of specialty glass. Strontium chloride imparts a bright red color to glass and is extensively utilized for manufacturing color cathode ray tubes and filtering layers in optoelectronic devices. Rapid expansion of the electronics and semiconductor industries has augmented the demand for colored glass, thereby fueling the market growth. Additionally, increasing utilization of pyrotechnics and flares containing strontium chloride are propelling the market growth. Strontium chloride aids in the formulation of illuminating signals, colored smoke, and signal lights owing to the brilliant red color exhibited upon combustion. However, stringent regulations regarding the usage of strontium compounds are expected to hamper the market growth. On the other hand, the growing adoption of strontium chloride in biomolecular labeling represents an opportunity for market players.

Key Features of the Study:

• This report provides in-depth analysis of the global strontium chloride market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global strontium chloride market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Choice Organochem LLP, Riddhi Siddhi Industries, Anmol Chemicals, Gujarat Fluorochemicals Limited, S. R. Chemicals, Siddhi Vinayak Chemicals, S. M. Chemicals, Jayesh Group, Shreeji Chemicals, Vishnu Chemicals, K. S. S. Chemicals, Hindustan Chemical Company, B. S. S. Chemicals, S. B. Chemicals, A. B. Enterprises, K. R. Industries, V. S. Chemicals, and Shree Ram Chemicals
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global strontium chloride market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global strontium chloride market

Detailed Segmentation:

• Form Insights (Revenue, USD Bn, 2019 - 2031)
• Hexahydrate
• Anhydrous
• Application Insights (Revenue, USD Bn, 2019 - 2031)
• Pyrotechnics
• Glass and Ceramics
• Metal Production
• Pharmaceuticals
• Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• Choice Organochem LLP
• Riddhi Siddhi Industries
• Anmol Chemicals
• Gujarat Fluorochemicals Limited
• S.R. Chemicals
• Siddhi Vinayak Chemicals
• S.M. Chemicals
• Jayesh Group
• Shreeji Chemicals
• Vishnu Chemicals
• K.S. S. Chemicals
• Hindustan Chemical Company
• B.S. S. Chemicals
• S.B. Chemicals
• Enterprises
• K.R. Industries
• V.S. Chemicals
• Shree Ram Chemical