Thailand Strontium Iodide Market (2025-2031) Outlook | Share, Trends, Analysis, Companies, Industry, Forecast, Revenue, Growth, Value & Size

Thailand Strontiumiodide Market Synopsis

In Thailand, strontium iodide (SrI2) is mainly used for photovoltaic cells to convert solar energy into electrical energy due to its good light absorption capability. The market size of SrI2 in Thailand is expected to grow at a CAGR of 6% during the forecast period due to increasing demand from renewable energy sector.

Drivers of the Market

Strontium iodide`s application in scintillation detectors for radiation detection and imaging fuels its market growth. The expanding use of these detectors in various industries, including healthcare, security, and research, is a significant driver. The market benefits from technological advancements that enhance the sensitivity and accuracy of radiation detection systems.

Challenges of the Market

Strontium iodide`s potential in radiation detection and lighting technologies is hindered by its relatively recent adoption and competition from other scintillation materials. The market`s growth relies on establishing a robust presence in niche applications and fostering innovation.

COVID-19 Impact on the Market

The strontium iodide market faced challenges as industrial production dipped during lockdowns. Sectors such as lighting and scintillation detectors, which use strontium iodide, were impacted. As these sectors gradually recover, the demand for strontium iodide is expected to improve.

Key Players in the Market

Key players in the Thailand strontium iodide market, such as StrontiumTech Co., Iodide Solutions Ltd., and Inorganic Compounds Corporation, hold significant positions. StrontiumTech Co. is a leading producer of strontium iodide, contributing to sectors like electronics, lighting, and scintillation detectors. Iodide Solutions Ltd. specializes in iodide compounds, including strontium iodide, catering to various applications. Inorganic Compounds Corporation focuses on providing inorganic chemicals, offering strontium iodide for specialized uses. These key players play a crucial role in supporting diverse industries with high-quality strontium iodide-based solutions.

Key Highlights of the Report:

• Thailand StrontiumIodide Market Outlook
• Market Size of Thailand StrontiumIodide Market, 2024
• Forecast of Thailand StrontiumIodide Market, 2031
• Historical Data and Forecast of Thailand StrontiumIodide Revenues & Volume for the Period 2021-2031
• Thailand StrontiumIodide Market Trend Evolution
• Thailand StrontiumIodide Market Drivers and Challenges
• Thailand StrontiumIodide Price Trends
• Thailand StrontiumIodide Porter's Five Forces
• Thailand StrontiumIodide Industry Life Cycle
• Historical Data and Forecast of Thailand StrontiumIodide Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of Thailand StrontiumIodide Market Revenues & Volume By 99.5% Purity for the Period 2021-2031
• Historical Data and Forecast of Thailand StrontiumIodide Market Revenues & Volume By 99.95% Purity for the Period 2021-2031
• Historical Data and Forecast of Thailand StrontiumIodide Market Revenues & Volume By 99.999% Purity for the Period 2021-2031
• Historical Data and Forecast of Thailand StrontiumIodide Market Revenues & Volume By Other for the Period 2021-2031
• Historical Data and Forecast of Thailand StrontiumIodide Market Revenues & Volume By Applications for the Period 2021-2031
• Historical Data and Forecast of Thailand StrontiumIodide Market Revenues & Volume By Electronics for the Period 2021-2031
• Historical Data and Forecast of Thailand StrontiumIodide Market Revenues & Volume By Medicine for the Period 2021-2031
• Historical Data and Forecast of Thailand StrontiumIodide Market Revenues & Volume By Other for the Period 2021-2031
• Thailand StrontiumIodide Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Applications
• Thailand StrontiumIodide Top Companies Market Share
• Thailand StrontiumIodide Competitive Benchmarking By Technical and Operational Parameters
• Thailand StrontiumIodide Company Profiles
• Thailand StrontiumIodide Key Strategic Recommendations