Global Strontium Market Analysis Report, Regional Outlook, 2016 – 2024.

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Strontium Market, Application Trends and Forecast
2016-2024
Strontium Market Size, Industry Analysis Report,
Regional Outlook (U.S., Canada, Mexico, UK,
Germany, France, Italy, China, Australia, India,
Japan, Indonesia, Argentina, Brazil, Saudi
Arabia, UAE, Kuwait, ), Application Development
Potential, Price Trends, Competitive Market Share
Forecast, 2016 2024
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Global Market Scenario of Strontium Market

• Global Strontium Market size is booming and is
  projected to attain a healthy CAGR of over 4 by
  2024.
• The increasing product use in pyrotechnics is
  another factor contributing towards the product
  demand in the recent years.
• The strontium market size is estimated to grow
  based on its various applications including
  electronic, pyrotechnic, health medical field,
  dental, paints coating, automobile, RD field
  and space technology field.
• Escalating paints coatings business on account
  of hike in automotive production along with
  increasing construction spending will boost the
  global strontium market share by 2024.

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• Product Analysis-
• The product being highly reactive in air and
  water is used to produce heat, sound, smoke.
•  It is also used in concerts for fireworks
  display and acts as red colorant provider,
•   The major source of obtaining the product is
  celestine and is found in sedimentary rocks in
  crystal and fibrous forms.
• Regional Trends-
• Asia Pacific accounted for a major chunk of
  strontium market share in 2015. 
• The region host major product consumer base in
  countries including China, Japan, Taiwan and
  India.
• Due to increasing use of firecrackers in these
  countries on festive occasions is a prominent
  factor towards high regional product demand. In
  addition, China and India are major producer of
  fire crackers, which substantially contributes in
  the regional industry growth.

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• Competitor Analysis-
• The key global strontium market share
  contributors are
• Sakai Chemical Industry Co., Ltd.,
• Solvay CPC Barium Strontium GmbH Co.KG,
• Bass Tech International, Evonik Degussa GmbH,
• Canteras Industriales S.L, Quimica Del Estroncio,
• S.A. and Timminco Ltd. Company Solvay CPC
  Barium Strontium GmbH Co.KG is a joint venture
  of companies of Solvay group to effectively
  manage strontium carbonate product grades,
  strontium nitrate business and other businesses
  across the globe.

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