Strontium Nitrate is a chemical compound used in pyrotechnics, ceramics, and glass manufacturing. It offers advantages such as high burn rate, bright red color, and stability, making it suitable for use in various applications. The market for Strontium Nitrate is driven by the increasing demand for pyrotechnic products, growth in the ceramics industry, and expanding applications in the automotive and construction sectors.
The strontium nitrate market is estimated to be valued at US$ 386.3 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Strontium nitrate is an inorganic salt composed of strontium and nitrate. It is readily soluble in water and is stable at ambient temperature. Strontium nitrate is commonly ... Read more
Strontium nitrate is an inorganic salt used in pyrotechnics due to its coloring and igniting properties. It produces a bright red flame and sparks when burned. Strontium nitrate offers cost advantages over other coloring agents and finds extensive application in products like fireworks, flares, signal devices. The global strontium nitrate market is estimated to be valued at US$ 386.3 Mn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, ... Read more
