Strontium Market Size 2019 – Huge Growth Opportunities & Expansion till 2023

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Strontium Market Research Report Global
Forecast till 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Strontium Market - 2023
Strontium Market Information by
Product (Strontium Carbonate, Strontium Sulfate,
Strontium Nitrate, Strontium Chlorates),
Application (Electrical Electronics, Paints
Coatings, Personal Care, Pyrotechnic, Refining),
and Region Global Forecast till 2023 Market
Overview Strontium is a soft metal with silvery
luster. It is mined from two principal ores-
celestine and strontianite. It is available in
different forms such as disc, granules, ingot,
pellets, and powder. It occurs naturally in four
isotopes strontium-88, strontium-86,
strontium-87, and strontium-84. Synthetically,
there are around 16 radioactive isotopes of
strontium formed through nuclear reactions. The
global strontium market is primarily driven by
the high demand from paints coatings industry
owing to its superior properties such as gloss,
contrast ratio, opacity, resistance to salt, fog,
weather, and UV, improved film coverage, easy
dispersion, high pellet flow, and smooth surface.
The increasing use of paints coatings in
complementary end-use industries such as
aerospace, automotive, construction, and
electronics is driving the global strontium
market. Furthermore, the use of strontium oxide
and strontium carbonate as frits in ceramic
glazes is another factor propelling the market
growth as it is nontoxic alternative to barium
and lead. It is also used as a glass modifier to
enhance the optical properties of glass, increase
its hardness and strength, and to intensify light
refraction. Moreover, it is added to aluminium
alloys to improve the strength and ductility of
castings used in aerospace and automotive
applications. It is also used in electrolytic
production of zinc to remove lead
impurities. However, the stringent regulations
regarding controlling mining activities coupled
with the reactive nature of strontium is likely
to hamper market growth during the forecast
period.
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Strontium Market - 2023
Regional Analysis The global strontium market
has been segmented into five regions, namely,
Asia-Pacific, North America, Europe, Latin
America, and the Middle East Africa.The market
in Asia-Pacific dominated the global strontium
market in 2017 due to the high demand from
packaging industry for paints coatings,
electronics, personal care, and others. The high
growth of the market in this region can also be
attributed to the fast-paced industrialization
and urbanization in the emerging countries such
as India, Thailand, Malaysia, and Singapore.
North America accounted for the second-largest
market share in 2017 on account of the high
demand for strontium from the aerospace,
automotive, and electronics industries in the
region. The developed militarily and army
strength in the US is the major driver of the
high product demand for military applications in
this region. The high production and sales of
automotive parts in the Western European
countries such as UK, Germany, France, and Italy
are expected to fuel the demand for paints
coatings, which will further drive the demand for
strontium. Segmentation The global strontium
market has been segmented on the basis of
product, application, and region. On the basis
of product, the market has been segmented into
strontium carbonate, strontium sulfate, strontium
nitrate, strontium chlorates, and others. By
application, the market has been divided into
electrical electronics, paints coatings,
personal care, pyrotechnic, refining, dental
care, and others.
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Strontium Market - 2023
Key Players Some of the manufacturers
operating in the global strontium market are
Solvay (Belgium), SAKAI CHEMICAL INDUSTRY CO.,
LTD. (Japan), Basstech International (US),
Canteras Industriales, S.L. (Spain), QUIMICA DEL
ESTRONCIO, S.A. (Spain), JOYIENG CHEMICAL LIMITED
(China), SHENZHOU JIAXIN CHEMICAL CO., LTD.
(China), ProChem, Inc. (US), CHEMALLOY (US), and
Noah Technologies Corporation (US). Intended
Audience Strontium manufacturers Traders and
distributors of strontium Research and
development institutes Potential investors Raw
material suppliers Nationalized laboratories
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