Global Strontium Market 2021 Report provides an Proficient analysis of the Strontium Market including deep description of market sizing and growth, value, the key opportunities in the Strontium Market and outlines the factors that are and will be driving the growth of the industry taking into consideration the previous growth patterns with Forecast Period 2021-2026.
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The Strontium Market report provides insight into main drivers, challenges, opportunities and risk of the market and strategies of suppliers. Key players are profiled as well with their market shares in the global Strontium Market discussed. Overall, this report covers the historical situation, present status and the future prospects.Additionally, the worldwide market is segmented based on type, application, deals, and area. It contains numbers, regions, revenue, and offers just as the thorough computation of the business chain structure, opportunities, industry news analysis. The application portion shows the employments of the product.
The Strontium Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume.
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About Strontium Market:
Strontium is a silvery-white alkaline earth metal that turns yellow when exposed to air. Found right below calcium in the periodic table, this metallic element is softer than calcium and is extremely volatile. Prior to World War I, over 100,000 tons of strontium hydroxide were used each year in the sugar crystallization process of the beet sugar industry, making it the first large-scale application of strontium. Now, strontium compounds have applications in many end-user industries, including the firework industry, toothpaste industry, and magnet industry.
According to Researcher, the global strontium market is expected to witness growth at a considerable rate during the forecast period. The major factors responsible for the global strontium market’s growth would be increasing demand from various end-user industries like paints and coatings and the ceramic industry. While 5% of the total produced strontium is used in fireworks, most of the strontium produced is being consumed by the above-mentioned industries post-downfall ofCRT based color televisions that accounted for as much as 75% of the world strontium consumption previously. Strontium also has applications in the medical sector, especially in dental and personal care products, thereby making another significant contributionto this market’s growth. One of the popular toothpaste brands contains about 10% of strontium chloride hexahydrate by total weight. However, the COVID-19 pandemic, strontiumâ€™s effect on health, and technological advancements, consequently replacing strontium-based products, are likely to challenge the strontium market. For instance, strontium was primarily used in glass for color television cathode ray tubes, preventing X-ray emission. This particular strontium application has been declining because other display methods are replacing CRTs.
Asia-Pacific region is expected to be the largestmarket for global strontium,expanding at a faster rate than other regions, owing toits population-drivendemand from the medical & dental sector and infrastructure & construction sector. Investmentsin research projects and scope for innovative applications shall aid in this region’s dominance.
The global strontium market is highly fragmented. Major players in the market were found to be Solvay, ABASSCO, Hebei Xinji Chemical Group, Noah Technologies Corporation, Nanjing Jinyan Strontium Industry, and Xiamen Yuxiang Magnetic Materials Technology, among others.
Solvay SA, one of the leading producers of barium and strontium compounds, is exploring a sale of two units as Chief Executive Officer Ilham Kadri is looking forward to streamlining the Belgian chemical maker, one of which is a unit that works with the compound strontium carbonate, which could fetch around EUR 150 million.
A South Korean research team from the Korea Atomic Energy Research Institute has developed a new technology that enables the rapid tracking of radioactive contaminants in the seawater by measuring the quantity of Strontium-90. The new technology was developed amid growing concerns over the Japanese governmentâ€™s pending decision to release Strontium-90 rich contaminated water being stored at the Fukushima nuclear power plant into the sea. This technology is over 10 times faster compared to the current precipitation method-based detection, taking only two days to produce the analysis results.
Global Strontium Market report provides deep insights into the current and future state of the strontium market across various regions. The study comprehensively analyzes the strontium market by segmenting based on type (Strontium Metal, Strontium Carbonate, Strontium Nitrate, Strontium Sulfate, Strontium Chloride, Strontium Oxide, Strontium Aluminate, and Others), application (Electrical and Electronics, Medical and Dental, Paints and Coatings, Personal Care, Pyrotechnic, Zinc Refining, and Others), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the marketâ€™s growth, in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
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This report provides detail analysis of the market and have a comprehensive understanding of the Strontium market and its commercial landscape. Learn about the various market strategies that are being adopted by leading companies.It provides a five-year forecast assessed based on how the Strontium market is predicted to grow.It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.To understand the future scope and outlooks for the Strontium market.Strontium Market Forecast by regions, type and application, with sales and revenue, from 2021.Strontium Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Detailed TOC of Global Syngas Market Outlook to 2026
1 Executive Summary
2 Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3 Market Analysis
3.2 Market Dynamics
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Raw Material Analysis
3.6 Regulatory Policies
4 Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter’s Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5 Market Segmentation & Forecast
5.1 By Type
5.4 By Application
6 Regional Market Analysis
6.1 North America
6.1.1 United States
6.2.1 United Kingdom
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
7 Key Company Profiles
8 Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9 Conclusions and Recommendations
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