Product Code: ETC196357 | Publication Date: May 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The Thailand Strontium Carbonate Market is likely to experience consistent growth rate gains over the period 2025 to 2029. From 2.71% in 2025, the growth rate steadily ascends to 9.37% in 2029.
By 2027, Thailand's Strontium Carbonate market is forecasted to achieve a stable growth rate of 3.75%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
Strontium carbonate is widely used in many industries due to its unique properties such as low thermal expansion coefficient, chemical stability, mineral hardness and radioactivity resistance. In Thai markets, strontium carbonate finds application mainly for production of batteries such as alkaline cells or dry cell batteries along with other applications including ceramics industry being another important consumer segment for this material type. The strontium carbonate market size for Thailand was valued at USD 13 million with a projected CAGR of 6% on account of expanding demand from various end user sectors across country?s domestic landscape.
Strontium carbonate finds application in pyrotechnics, ceramic ferrites, and glass manufacturing. The market is influenced by the demand for these applications, with the pyrotechnics industry being a significant driver. The growing entertainment industry and festivities contribute to the demand for pyrotechnic products.
The strontium carbonate market in Thailand faces challenges tied to its dependence on the ceramics and pyrotechnics industries. Market fluctuations in these sectors can impact the demand for strontium carbonate. Diversifying applications and markets could be key to navigating these challenges.
Fluctuations in ceramics, glass, and pyrotechnics industries could have influenced the demand for strontium carbonate.
Companies such as Bangkok Soda Co., Ltd. and Strontium Chemicals (Thailand) Co., Ltd. are key players in the strontium carbonate market. Their role in supplying strontium carbonate for fireworks, ceramics, and glass industries underscores their significance in specialty chemicals.
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 Thailand Strontium Carbonate Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Strontium Carbonate Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Strontium Carbonate Market - Industry Life Cycle |
3.4 Thailand Strontium Carbonate Market - Porter's Five Forces |
3.5 Thailand Strontium Carbonate Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Thailand Strontium Carbonate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Strontium Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for strontium carbonate in the manufacturing of electronics and ceramics |
4.2.2 Growing adoption of strontium carbonate in the production of pyrotechnics and fireworks |
4.2.3 Rising investments in research and development for new applications of strontium carbonate in Thailand |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in strontium carbonate production |
4.3.2 Stringent regulations related to environmental and occupational safety |
4.3.3 Competition from alternative compounds or substitutes in the market |
5 Thailand Strontium Carbonate Market Trends |
6 Thailand Strontium Carbonate Market, By Types |
6.1 Thailand Strontium Carbonate Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Thailand Strontium Carbonate Market Revenues & Volume, By Grade, 2021-2031F |
6.1.3 Thailand Strontium Carbonate Market Revenues & Volume, By Electronic Grade, 2021-2031F |
6.1.4 Thailand Strontium Carbonate Market Revenues & Volume, By Industrial Grade, 2021-2031F |
6.2 Thailand Strontium Carbonate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Strontium Carbonate Market Revenues & Volume, By Bone Health, 2021-2031F |
6.2.3 Thailand Strontium Carbonate Market Revenues & Volume, By Frit Manufacturing, 2021-2031F |
6.2.4 Thailand Strontium Carbonate Market Revenues & Volume, By Novel Nanoparticle, 2021-2031F |
6.2.5 Thailand Strontium Carbonate Market Revenues & Volume, By Fireworks Manufacturing, 2021-2031F |
6.2.6 Thailand Strontium Carbonate Market Revenues & Volume, By Pyrotechnics, 2021-2031F |
6.2.7 Thailand Strontium Carbonate Market Revenues & Volume, By Ceramics, 2021-2031F |
6.2.8 Thailand Strontium Carbonate Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Thailand Strontium Carbonate Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Strontium Carbonate Market Import-Export Trade Statistics |
7.1 Thailand Strontium Carbonate Market Export to Major Countries |
7.2 Thailand Strontium Carbonate Market Imports from Major Countries |
8 Thailand Strontium Carbonate Market Key Performance Indicators |
8.1 Percentage of market growth in strontium carbonate applications in electronics and ceramics sector |
8.2 Research and development expenditure dedicated to exploring new applications of strontium carbonate |
8.3 Number of patents filed for innovations in strontium carbonate usage in Thailand |
9 Thailand Strontium Carbonate Market - Opportunity Assessment |
9.1 Thailand Strontium Carbonate Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Thailand Strontium Carbonate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Strontium Carbonate Market - Competitive Landscape |
10.1 Thailand Strontium Carbonate Market Revenue Share, By Companies, 2024 |
10.2 Thailand Strontium Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |