Product Code: ETC102223 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
[/The India Strontium Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 0.06% in 2025, growth builds up to 0.10% by 2029./]
The India strontium market is expected to grow at a CAGR of 5.5% driven mainly by the growing demand in the manufacturing sector and new technological advancements. The main application of strontium is in glass production for televisions, cathode ray tubes (CRT) and liquid crystal displays (LCD). Other applications include ceramics, glazes, pyrotechnics and fluorescent lamps.
Growing demand for LCDs and other flat screen devices will drive growth in the strontium market in India due to its use as an additive for colour stability during glass processing. Furthermore, increased spending on infrastructure development will also have a positive impact on the industry as it requires large amounts of ceramic tiles containing strontium carbonate for flooring purposes. Moreover, rising environmental awareness regarding nuclear power plants has led to heightened need for safe disposal systems which require radioactive isotopes such as Sr-90 used as radiation shielding material contained within concrete walls or containers made with steel alloys that contain up to 50% Strontium by weight.
The major challenge faced by this industry is obtaining raw materials due to inadequate supply chain management practices which can significantly improve cost savings while ensuring timely delivery of finished products into global markets. Additionally, lack of awareness about industrial safety protocols related to handling radioactive materials could hamper growth prospects if not addressed adequately through stringent government regulations.
Some key players operating in this field are Sify Technologies Pvt Ltd., Reliance Industries Ltd., Hindustan Zinc Limited (HZL), Gujarat NRE Coke Ltd., Vedanta Resources PLC,, Balco ??? Bharat Aluminium Company Limited , Orissa Minerals Development Company(OMDC), Tata Steel etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Strontium Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Strontium Market Revenues & Volume, 2021 & 2031F |
3.3 India Strontium Market - Industry Life Cycle |
3.4 India Strontium Market - Porter's Five Forces |
3.5 India Strontium Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Strontium Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Strontium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Strontium Market Trends |
6 India Strontium Market, By Types |
6.1 India Strontium Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Strontium Market Revenues & Volume, By Product, 2018 - 2031F |
6.1.3 India Strontium Market Revenues & Volume, By Strontium Carbonate, 2018 - 2031F |
6.1.4 India Strontium Market Revenues & Volume, By Strontium Sulphate, 2018 - 2031F |
6.1.5 India Strontium Market Revenues & Volume, By Strontium Nitrate, 2018 - 2031F |
6.1.6 India Strontium Market Revenues & Volume, By Other Products, 2018 - 2031F |
6.2 India Strontium Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Strontium Market Revenues & Volume, By Electrical and electronics, 2018 - 2031F |
6.2.3 India Strontium Market Revenues & Volume, By Medical and Dental, 2018 - 2031F |
6.2.4 India Strontium Market Revenues & Volume, By Paints and Coatings, 2018 - 2031F |
6.2.5 India Strontium Market Revenues & Volume, By Personal care, 2018 - 2031F |
6.2.6 India Strontium Market Revenues & Volume, By Pyrotechnic, 2018 - 2031F |
6.2.7 India Strontium Market Revenues & Volume, By Other Applications, 2018 - 2031F |
7 India Strontium Market Import-Export Trade Statistics |
7.1 India Strontium Market Export to Major Countries |
7.2 India Strontium Market Imports from Major Countries |
8 India Strontium Market Key Performance Indicators |
9 India Strontium Market - Opportunity Assessment |
9.1 India Strontium Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Strontium Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Strontium Market - Competitive Landscape |
10.1 India Strontium Market Revenue Share, By Companies, 2024 |
10.2 India Strontium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |