Strontium Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, Japan, UK - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 162 SKU: IRTNTR46415

Strontium Market Forecast 2024-2028

The strontium market size is projected to increase by USD 101 million, at a Compound Annual Growth Rate (CAGR) of 4.22% between 2023 and 2028.  The growth of the market is propelled by the growing demand for ferrite magnets, although its progress is hindered by the availability of substitutes for strontium. Furthermore, there is a notable upward trend in the growing demand from the glass and ceramic industries

What will be the Size of the Market During the Forecast Period?

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Market Segment Insights

End-user Insights

The ferrite ceramic magnets segment is estimated to witness significant growth during the forecast period. Ferrite ceramic magnets are made using a large proportion of ferric oxide blended with small proportions of additional metallic elements such as barium, manganese, strontium, and others. Different ferrites have different compositions, structures, and properties. For instance, barium and strontium ferrites have a hexagonal crystal structure.

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The ferrite ceramic magnets were the largest and were valued at USD 135.82 million in 2018. Based on the magnetic properties of ferrites, they are classified as soft, semi-hard, and hard. Iron oxide and barium or strontium carbonate are used to produce hard ferrite magnets. The cost-effectiveness and versatile properties of ferrite magnets drive their extensive use in diverse applications, including AC commutator motors, permanent magnet DC motors, loudspeakers, hard drives, sensors, anti-lock braking systems (ABS), magnetic shock absorbers, microphones, lifting magnets, and more. Specifically, strontium ferrite finds applications in electronic motors, recording media, magneto-optic media, and the telecommunications and electronics industries. With their widespread utilization across various sectors, the demand for ferrite magnets is poised to witness a significant surge, thereby contributing to the overall market growth during the forecast period.

Type insight 

Based on the type, the market has been segmented into strontium carbonate, strontium nitrate, strontium sulphate and others. The strontium carbonate segment will account for the largest share of this segment.? Increased demand for fireworks during festivals, celebrations or cultural events can contribute to higher demand for strontium carbonate. Strontium carbonate is also used in the electronics industry, particularly in the production of color television cathode ray tubes (CRTs). The growth in construction or infrastructure projects could result in an increased demand for ceramics and paints, subsequently driving demand for strontium carbonate, which is expected to boost the growth of the strontium carbonate segment as well as the global market during the forecast period.

Market Regional Insights

APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.

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APAC witnessed the highest growth rate. China is the major producer of strontium in the world, as it is the major producer and exporter of fireworks. India is a major producer and consumer of fireworks as well. During the festival of Diwali (the festival of lights), the demand for fireworks is high in India. The firecrackers industry in India is the second largest in the world, with an annual turnover of more than USD 924 million. Sivakasi, a city in Tamil Nadu, consists of around 800 fireworks factories. Other than China and India, other APAC countries also lead in fireworks production; hence, the demand for strontium is high in the region.

In addition, the other end-user segments of strontium such as telecommunication and electronics, are also growing at an accelerated rate in the region, owing to new trends and developments such as the introduction of strontium titanate nanoparticles for use in flat panel displays, tunable microwave capacitors, thermistors, varistors, high precision scanning microscopes and other applications leading to increased demand for strontium. Such factors are expected to drive the regional market growth during the forecast period. 

Key Market Growth, Trends, and Challenges

Growing demand for ferrite magnets is notably driving the market growth. Ferrite ceramic magnets are widely used in automotive applications, including electric motors, sensors, and various components. The growing trend towards electric vehicles (EVs) and the increasing use of magnets in modern automotive technologies contribute to the demand for ferrite magnets. Moreover, ferrite magnets are used in loudspeakers, refrigerator magnets, electric motors in automotive, security magnets, ABS, various types of sensors, and other applications. The increased need for ferrite magnets in these industries drives the demand for strontium. The versatility, cost-effectiveness, and reliability of ferrite ceramic magnets make them a preferred choice across industries, contributing to their increasing demand, which, in turn, will boost the growth of the market during the forecast period.

Growing demand from glass and ceramic industries is an emerging trend shaping the market growth. The demand for strontium in the glass and ceramics industries is influenced by the unique properties that strontium compounds, particularly strontium carbonate, bring to these materials. Strontium compounds such as strontium carbonate, are known for their ability to modify optical properties in glass. They can improve the refractive index and contribute to the optical clarity of glass products. Strontium compounds can impart unique colors to glass. Strontium carbonate, for example, is used to produce a range of colors, from light yellow to deep red, depending on the concentration and other factors. This makes strontium compounds valuable in the production of colored glass. Thus, the growing demand from glass and ceramic industries is expected to increase the consumption of strontium, which will fuel the market growth analysis of the market during the forecast period.

The availability of substitutes for strontium is a significant challenge hindering the market growth and trends. The substitution of strontium can occur in various industries and applications. Such as electronics chemicals, and glass industries, driven by factors such as cost, availability, technological advancements, and environmental considerations. Potassium compounds such as potassium nitrate can be used as substitutes for strontium compounds in fireworks to achieve red colors. However, phosphorus-based compounds and halogenated flame retardants are commonly used as alternatives to strontium compounds in certain applications. These alternatives are chosen based on their effectiveness and environmental considerations. Thus, the ease of substitutes of strontium compounds may hinder the growth of the market in focus during the forecast period.

Who are the Major Market Companies?

Companies are implementing various market trends and analysis strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market and result in market research and growth analysis.

American Elements - The company offers strontium such as strontium fluorides for chemical and physical vapor deposition and optical coatings, and strontium oxide for thin film.

The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including American Elements, Central Drug House Pvt. Ltd., Divjyot Chemicals Pvt. Ltd., Foshan Nanhai Shuangfu Chemical Co. Ltd., Global Calcium Pvt. Ltd., Hunan CHMM Metallurgy Engineering Co. Ltd, Joshi Agrochem Pharma Pvt. Ltd., LONGCHANG CHEMICAL, Marine Chemicals, Otto Chemie Pvt. Ltd., Prakash Brothers, Reade International Corp., Sakai Chemical Industry Co. Ltd., Shandong RIYUSHENG International Trade Co. Ltd, Solvay SA, Suvchem, SUVIDHINATH LABORATORIES, Vizag Chemical International, Yingfengyuan Industrial Group Ltd., and Yogesh Agrawal and Co.

The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting growth strategies.

Market Customer Landscape

Market Analyst Overview

The strontium market finds diverse applications across sectors like marine and defense, with strontium sulfate widely used in the painting industry for its UV resistance and mechanical properties. Developing countries drive demand in the construction and automobile industries, utilizing strontium-based paints and coatings. Its role in the pyrotechnics industry enhances recreational, entertainment, sports, and media events, with strontium chlorates serving as essential pyrotechnic chemicals for colorants and oxidizers. Market segmentation caters to various needs, including applications in televisions, highlighting the versatility and widespread usage of strontium compounds across industries.

Strontium Market Scope

Report Coverage

Details

Page number

162

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.22%

Market Growth 2024-2028

USD 101 million

Market structure

Fragmented

YoY growth 2023-2024(%)

3.86

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, China, India, Japan, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

American Elements, Central Drug House Pvt. Ltd., Divjyot Chemicals Pvt. Ltd., Foshan Nanhai Shuangfu Chemical Co. Ltd., Global Calcium Pvt. Ltd., Hunan CHMM Metallurgy Engineering Co. Ltd, Joshi Agrochem Pharma Pvt. Ltd., LONGCHANG CHEMICAL, Marine Chemicals, Otto Chemie Pvt. Ltd., Prakash Brothers, Reade International Corp., Sakai Chemical Industry Co. Ltd., Shandong RIYUSHENG International Trade Co. Ltd, Solvay SA, Suvchem, SUVIDHINATH LABORATORIES, Vizag Chemical International, Yingfengyuan Industrial Group Ltd., and Yogesh Agrawal and Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global strontium market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global strontium market 2018 - 2022 ($ million)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Ferrite ceramic magnets - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Ferrite ceramic magnets - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Ferrite ceramic magnets - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Ferrite ceramic magnets - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Ferrite ceramic magnets - Year-over-year growth 2023-2028 (%)
    • 6.4 Pyrotechnics - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Pyrotechnics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Pyrotechnics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Pyrotechnics - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Pyrotechnics - Year-over-year growth 2023-2028 (%)
    • 6.5 Medicines and others - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Medicines and others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Medicines and others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Medicines and others - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Medicines and others - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ million)
      • Exhibit 47: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Strontium carbonate - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Strontium carbonate - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Strontium carbonate - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Strontium carbonate - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Strontium carbonate - Year-over-year growth 2023-2028 (%)
    • 7.4 Strontium nitrate - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Strontium nitrate - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Strontium nitrate - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Strontium nitrate - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Strontium nitrate - Year-over-year growth 2023-2028 (%)
    • 7.5 Strontium sulphate - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Strontium sulphate - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Strontium sulphate - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Strontium sulphate - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Strontium sulphate - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ million)
      • Exhibit 69: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 American Elements
              • Exhibit 123: American Elements - Overview
              • Exhibit 124: American Elements - Product / Service
              • Exhibit 125: American Elements - Key offerings
            • 12.4 Central Drug House Pvt. Ltd.
              • Exhibit 126: Central Drug House Pvt. Ltd. - Overview
              • Exhibit 127: Central Drug House Pvt. Ltd. - Product / Service
              • Exhibit 128: Central Drug House Pvt. Ltd. - Key offerings
            • 12.5 Divjyot Chemicals Pvt. Ltd.
              • Exhibit 129: Divjyot Chemicals Pvt. Ltd. - Overview
              • Exhibit 130: Divjyot Chemicals Pvt. Ltd. - Product / Service
              • Exhibit 131: Divjyot Chemicals Pvt. Ltd. - Key offerings
            • 12.6 Global Calcium Pvt. Ltd.
              • Exhibit 132: Global Calcium Pvt. Ltd. - Overview
              • Exhibit 133: Global Calcium Pvt. Ltd. - Key offerings
            • 12.7 Hunan CHMM Metallurgy Engineering Co. Ltd
              • Exhibit 134: Hunan CHMM Metallurgy Engineering Co. Ltd - Overview
              • Exhibit 135: Hunan CHMM Metallurgy Engineering Co. Ltd - Product / Service
              • Exhibit 136: Hunan CHMM Metallurgy Engineering Co. Ltd - Key offerings
            • 12.8 Joshi Agrochem Pharma Pvt. Ltd.
              • Exhibit 137: Joshi Agrochem Pharma Pvt. Ltd. - Overview
              • Exhibit 138: Joshi Agrochem Pharma Pvt. Ltd. - Product / Service
              • Exhibit 139: Joshi Agrochem Pharma Pvt. Ltd. - Key offerings
            • 12.9 LONGCHANG CHEMICAL
              • Exhibit 140: LONGCHANG CHEMICAL - Overview
              • Exhibit 141: LONGCHANG CHEMICAL - Product / Service
              • Exhibit 142: LONGCHANG CHEMICAL - Key offerings
            • 12.10 Marine Chemicals
              • Exhibit 143: Marine Chemicals - Overview
              • Exhibit 144: Marine Chemicals - Product / Service
              • Exhibit 145: Marine Chemicals - Key offerings
            • 12.11 Otto Chemie Pvt. Ltd.
              • Exhibit 146: Otto Chemie Pvt. Ltd. - Overview
              • Exhibit 147: Otto Chemie Pvt. Ltd. - Product / Service
              • Exhibit 148: Otto Chemie Pvt. Ltd. - Key offerings
            • 12.12 Reade International Corp.
              • Exhibit 149: Reade International Corp. - Overview
              • Exhibit 150: Reade International Corp. - Product / Service
              • Exhibit 151: Reade International Corp. - Key offerings
            • 12.13 Sakai Chemical Industry Co. Ltd.
              • Exhibit 152: Sakai Chemical Industry Co. Ltd. - Overview
              • Exhibit 153: Sakai Chemical Industry Co. Ltd. - Product / Service
              • Exhibit 154: Sakai Chemical Industry Co. Ltd. - Key offerings
            • 12.14 Shandong RIYUSHENG International Trade Co. Ltd
              • Exhibit 155: Shandong RIYUSHENG International Trade Co. Ltd - Overview
              • Exhibit 156: Shandong RIYUSHENG International Trade Co. Ltd - Product / Service
              • Exhibit 157: Shandong RIYUSHENG International Trade Co. Ltd - Key offerings
            • 12.15 Solvay SA
              • Exhibit 158: Solvay SA - Overview
              • Exhibit 159: Solvay SA - Business segments
              • Exhibit 160: Solvay SA - Key news
              • Exhibit 161: Solvay SA - Key offerings
              • Exhibit 162: Solvay SA - Segment focus
            • 12.16 Yingfengyuan Industrial Group Ltd.
              • Exhibit 163: Yingfengyuan Industrial Group Ltd. - Overview
              • Exhibit 164: Yingfengyuan Industrial Group Ltd. - Product / Service
              • Exhibit 165: Yingfengyuan Industrial Group Ltd. - Key offerings
            • 12.17 Yogesh Agrawal and Co.
              • Exhibit 166: Yogesh Agrawal and Co. - Overview
              • Exhibit 167: Yogesh Agrawal and Co. - Product / Service
              • Exhibit 168: Yogesh Agrawal and Co. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 169: Inclusions checklist
                • Exhibit 170: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 171: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 172: Research methodology
                • Exhibit 173: Validation techniques employed for market sizing
                • Exhibit 174: Information sources
              • 13.5 List of abbreviations
                • Exhibit 175: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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