Product Code: ETC209316 | 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 sulfide market import shipment demonstrated robust growth with a significant CAGR from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024, indicating a slowdown in the market expansion. Overall, the market exhibited strong momentum but showed signs of stabilizing towards the end of the period.
The India strontium sulfide market has shown promising growth in recent years. Strontium sulfide is a chemical compound used in various industrial applications, including the production of luminous paints, pigments, and phosphors. Its ability to emit bright light when exposed to certain stimuli makes it a valuable component in these industries. The increasing demand from sectors like lighting, electronics, and paints has contributed to the expansion of the strontium sulfide market in India.
Several factors have propelled the growth of the strontium sulfide market in India. The lighting industry`s continuous demand for luminous paints and phosphors, where strontium sulfide is used, has been a major driver. Additionally, advancements in the electronics industry have led to an increased usage of strontium sulfide in the manufacturing of cathode ray tubes (CRTs) and other display technologies, further boosting the market.
Despite its positive growth trajectory, the strontium sulfide market in India faces certain challenges. One of the significant challenges is the toxicity of strontium sulfide, which requires careful handling and disposal to avoid environmental and health hazards. Strict regulations pertaining to chemical waste management can impact the market by increasing compliance costs for manufacturers. Additionally, the availability of alternatives to strontium sulfide in some applications can pose competition.
The Covid-19 pandemic had both positive and negative impacts on the strontium sulfide market in India. The increased demand for electronic devices and displays during the pandemic, as more people worked and studied from home, drove the demand for strontium sulfide in the electronics sector. However, disruptions in supply chains and manufacturing activities during lockdowns presented challenges to the market.
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 Sulfide Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Strontium Sulfide Market Revenues & Volume, 2021 & 2031F |
3.3 India Strontium Sulfide Market - Industry Life Cycle |
3.4 India Strontium Sulfide Market - Porter's Five Forces |
3.5 India Strontium Sulfide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Strontium Sulfide Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Strontium Sulfide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for strontium sulfide in the manufacturing of electronic devices and batteries |
4.2.2 Growth in the pharmaceutical industry leading to higher usage of strontium sulfide in medications |
4.2.3 Rising investments in research and development activities for innovative applications of strontium sulfide |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in strontium sulfide production |
4.3.2 Stringent regulations related to environmental concerns and waste disposal in the manufacturing process |
5 India Strontium Sulfide Market Trends |
6 India Strontium Sulfide Market, By Types |
6.1 India Strontium Sulfide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Strontium Sulfide Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Strontium Sulfide Market Revenues & Volume, By Purity 99%, 2021-2031F |
6.1.4 India Strontium Sulfide Market Revenues & Volume, By Purity 99.5%, 2021-2031F |
6.1.5 India Strontium Sulfide Market Revenues & Volume, By Purity 99.9%, 2021-2031F |
6.1.6 India Strontium Sulfide Market Revenues & Volume, By Purity 99.95%, 2021-2031F |
6.1.7 India Strontium Sulfide Market Revenues & Volume, By Purity 99.99%, 2021-2031F |
6.1.8 India Strontium Sulfide Market Revenues & Volume, By Purity 99.999%, 2021-2031F |
6.2 India Strontium Sulfide Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Strontium Sulfide Market Revenues & Volume, By Chemical Industry, 2021-2031F |
6.2.3 India Strontium Sulfide Market Revenues & Volume, By Laboratory, 2021-2031F |
6.2.4 India Strontium Sulfide Market Revenues & Volume, By Industrial Application, 2021-2031F |
6.2.5 India Strontium Sulfide Market Revenues & Volume, By Others, 2021-2031F |
7 India Strontium Sulfide Market Import-Export Trade Statistics |
7.1 India Strontium Sulfide Market Export to Major Countries |
7.2 India Strontium Sulfide Market Imports from Major Countries |
8 India Strontium Sulfide Market Key Performance Indicators |
8.1 Research and development expenditure on strontium sulfide-related projects |
8.2 Number of patents filed for new applications of strontium sulfide |
8.3 Adoption rate of strontium sulfide in emerging industries such as renewable energy or healthcare |
9 India Strontium Sulfide Market - Opportunity Assessment |
9.1 India Strontium Sulfide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Strontium Sulfide Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Strontium Sulfide Market - Competitive Landscape |
10.1 India Strontium Sulfide Market Revenue Share, By Companies, 2024 |
10.2 India Strontium Sulfide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |