Product Code: ETC210156 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India strontium oxide market import shipments displayed a robust growth trajectory from 2020 to 2024, with a notable CAGR of 11.6%. Momentum accelerated further between 2023 and 2024, with a growth rate of 29.7%, indicating a significant expansion in market demand during this period.
The India strontium oxide market has shown steady growth due to its applications in various industries, including ceramics, electronics, and pyrotechnics. Strontium oxide, also known as strontia or SrO, is a chemical compound known for its high refractive index and electrical insulating properties, making it valuable in the production of ceramic glazes, electronic components, and specialty glasses. Additionally, strontium oxide`s ability to enhance the bright red color in pyrotechnic formulations has contributed to its demand in the fireworks industry. The increasing adoption of strontium oxide in these diverse applications has contributed to the expansion of the market in India.
Several factors drive the growth of the strontium oxide market in India. Firstly, the ceramics industry`s demand for high-quality glazes and specialty glasses has led to increased usage of strontium oxide as a fluxing agent. Its ability to lower the melting point of ceramics and impart unique optical properties to specialty glasses makes it highly desirable. Secondly, the electronics industry`s need for high-purity materials for electronic components and insulators has boosted the demand for strontium oxide. Moreover, the fireworks and pyrotechnics industry`s requirement for vibrant red colors in displays has led to its application in these formulations.
Despite its positive prospects, the strontium oxide market in India faces certain challenges. One of the significant challenges is the availability of high-purity and cost-effective raw materials for strontium oxide production. Ensuring the quality and consistency of strontium oxide is essential for its successful application in ceramics, electronics, and pyrotechnics. Moreover, competition from alternative materials in each application area may pose challenges to market growth.
The Covid-19 pandemic had varying effects on the strontium oxide market in India. While the initial disruptions in supply chains and manufacturing activities posed challenges, certain sectors, such as electronics and specialty glass production, experienced increased demand for electronic devices and medical equipment during the pandemic. The overall impact on the market was influenced by the specific industry requirements and changes in consumer behavior.
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 Oxide Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Strontium Oxide Market Revenues & Volume, 2021 & 2031F |
3.3 India Strontium Oxide Market - Industry Life Cycle |
3.4 India Strontium Oxide Market - Porter's Five Forces |
3.5 India Strontium Oxide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Strontium Oxide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Strontium Oxide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for strontium oxide in the manufacturing of ceramics and glass industries. |
4.2.2 Growing usage of strontium oxide in the production of electronic devices and LEDs. |
4.2.3 Rise in research and development activities for new applications of strontium oxide in various industries. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of strontium oxide. |
4.3.2 Stringent regulations related to environmental concerns and disposal of strontium oxide waste. |
4.3.3 Competition from alternative materials in certain applications. |
5 India Strontium Oxide Market Trends |
6 India Strontium Oxide Market, By Types |
6.1 India Strontium Oxide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Strontium Oxide Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Strontium Oxide Market Revenues & Volume, By Purity 99%, 2021-2031F |
6.1.4 India Strontium Oxide Market Revenues & Volume, By Purity 99.5%, 2021-2031F |
6.1.5 India Strontium Oxide Market Revenues & Volume, By Purity 99.9%, 2021-2031F |
6.1.6 India Strontium Oxide Market Revenues & Volume, By Purity 99.99%, 2021-2031F |
6.1.7 India Strontium Oxide Market Revenues & Volume, By Purity 99.999%, 2021-2031F |
6.2 India Strontium Oxide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Strontium Oxide Market Revenues & Volume, By Ceramics, 2021-2031F |
6.2.3 India Strontium Oxide Market Revenues & Volume, By Aviation, 2021-2031F |
6.2.4 India Strontium Oxide Market Revenues & Volume, By Laboratory, 2021-2031F |
6.2.5 India Strontium Oxide Market Revenues & Volume, By Industrial Application, 2021-2031F |
6.2.6 India Strontium Oxide Market Revenues & Volume, By Others, 2021-2031F |
7 India Strontium Oxide Market Import-Export Trade Statistics |
7.1 India Strontium Oxide Market Export to Major Countries |
7.2 India Strontium Oxide Market Imports from Major Countries |
8 India Strontium Oxide Market Key Performance Indicators |
8.1 Research and development investment in strontium oxide technology. |
8.2 Number of patents filed for innovative uses of strontium oxide. |
8.3 Percentage of strontium oxide used in high-growth industries such as electronics and renewable energy. |
9 India Strontium Oxide Market - Opportunity Assessment |
9.1 India Strontium Oxide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Strontium Oxide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Strontium Oxide Market - Competitive Landscape |
10.1 India Strontium Oxide Market Revenue Share, By Companies, 2024 |
10.2 India Strontium Oxide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |