Los Angeles, CA -- (SBWIRE) -- 02/05/2019 -- 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.
The global Strontium Carbonate market is valued at 200 million US$ in 2018 is expected to reach 250 million US$ by the end of 2025, growing at a CAGR of 2.5% during 2019-2025.
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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.
This report focuses on Strontium Carbonate volume and value at global level, regional level and company level. From a global perspective, this report represents overall Strontium Carbonate market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Honjo Chemical Corp
Qinghai Jinrui Group
Hebei Xinji Chemical Group
Shijiazhuang Zhengding Jinshi Chemical
Zaozhuang Yongli Chemcial
Gansu Minyue Fuyuan Chemical.
Nanjing Jinyan Strontium Industry
Segment by Regions
Segment by Type
Segment by Application
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