Excellent growth of Strontium Market 2025- Comprehensive study by key players: Solvay, Sakai, Quimica Del Estroncio, Barium & Chemicals, BassTech International, Noah Technologies, Yuxiang Magnetic Materials & More…

Strontium — A glimpse into the future of electronics market

Strontium is an alkaline earth metal denoted with chemical symbol – Sr. It is a highly reactive shiny metal which is natural and mined from strontianite and celestine minerals. Natural strontium is not considered hazardous to health whereas synthetic strontium depicts radioactive nature. The mineral finds primary application in electronics and electrical industry such as for manufacturing cathode ray tubes (CRT), used in television sets. It also has varied applications such as red colorant in fireworks, paints and coatings preparation as it acts as a factor of anti-corrosive and luminescence.

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The following manufacturers are covered in this report:  

Solvay, Sakai, Quimica Del Estroncio, Barium & Chemicals, BassTech International, Noah Technologies, Yuxiang Magnetic Materials, Shijiazhuang Zhengding JINSHI Chemical, ABASSCO, KBM Affilips & More…

Strontium Breakdown Data by Type: Strontium Carbonate, Strontium Nitrate, Strontium Sulphate, Other.

Strontium Breakdown Data by Application: Chemical, Medical, Alloy, Lighting, Other.

Strontium Production Breakdown Data by Region:
United States
Europe
China
Japan
Other Regions.

Increasing demand for electronics: 

The electronics sector is segmented into consumer electronics, general electronics, and electric utilities. The demand for each type of electronics is growing widely due to rapid development in industries worldwide.

With rapid urbanization and technological developments in developed as well as developing regions such as North America, Europe, and Asia-Pacific among others have propelled the demand for consumer electronics. According to Consumer Electronics Association (CEA), a leading electronics forecasting sector, predicted that in January 2018, retail revenue for consumer electronics will be 351 billion dollars that is approximately 3.9% increase from the estimation of 2017.

Smart phones being a diverse and wide market in consumer electronics, has a significant shift from conventional landline phones to smartphones not only among all age-groups, globally. Moreover, urbanization has led to a considerable rise in migration from rural areas to urban cities which, in turn, has resulted into a shift in lifestyle and preferences.

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Developing economies such as India and China are major countries witnessing extensive demand for smart phones in consumer electronics market. According to India Brand Equity Foundation (IBEF), India is termed as stand second largest smartphone market following China with sales is growing approximately 19.8% per year. Furthermore, Electronics Development Fund set up by Indian government with a corpus fund of 320 billion dollars to promote start-ups, develop electronic technology and nano electronics.

Environment-friendly oxidizers — Current trend witnessing the market

One of the trends in market currently is environment-friendly oxidizers. Strontium nitrate being an acid salt of strontium which is primarily used as colorant and oxidizer in fireworks. Oxidizers are one of the major component as raw material for fireworks and are also contributing to increasing pollution. Strontium nitrate and barium nitrate are conventional examples of oxidizers. Stringent environment associated regulations and reforms are demanding research and development activities for developing environment- friendly oxidizers

However, strontium nitrate is hygroscopic by nature which means they have the tendency to absorb moisture form the air. Fireworks equipped with such material components, if stocked for a long period they are more likely to grow damp and fail to ignite.

Asia Pacific to show a positive growth throughout the forecast period:

In the Asian region, the economies such as India and China have several industrial verticals including automotive, transportation, electronics, and others is one major reason driving the demand for strontium market. According to India Brand Equity Foundation (IBEF), the Indian electronics goods industry is the fastest growing electronics industry backed by several policies focusing on export for electronic and other associated reforms.

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For instance, it has set up Special Economic Zones (SEZ), Electronic Hardware Technology Parks (EHTPs) have driven foreign direct investment (FDI). Additionally, in the year 2017, Ministry of Electronics and Information Technology has set up new electronic policies for manufacturers and is promoting setting up of industry specific groups.

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