Comprehensive analysis on Strontium Market | Key Players are Solvay, ProChem, Inc., Química del Estroncio S.A.U.

Owing to a widespread application portfolio along with the increase in pyrotechnic activities, the global strontium market has been observing a remarkable growth over the last few years. Numerous research studies have revealed that strontium plays a crucial role in keeping bones healthy. It slows the rate of bone loss, assists in calcium absorption, prevents bone pain, helps in restoring alkaline state, enhances resistance to fracture, regulates bone breakdown, and boosts bone formation. Natural strontium has proved to be helpful in relieving the bone pain in patients with metastatic bone cancer, as per reliable sources.

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It has also been found that supplementation with strontium deposits the mineral in the bone lesions, essentially suggesting a possibility of utilizing the element to mineralize areas in which cancer-associated bone loss has occurred. Owing to all the superior properties and benefits mentioned above, strontium is being widely used in medical and dental applications in the recent times. In fact, as per the research report by Global Market Insights, Inc., the medical and dental application segment is slated to account for nearly a tenth of the overall revenue share of the global strontium market by the end of 2025.

Speaking along similar lines, several biotech and pharmaceutical majors have focused on developing products fortified with strontium chloride to mitigate cancer bone pain in patients suffering from painful skeletal metastases. The biotechnology acceleration development firm Q BioMed Inc., for instance, recently filed a supplemental regulatory application with the U.S. FDA to receive the approval to construct its new production unit, which would develop non-opioid injectable named Strontium Chloride Sr89 Injection USP.

For the record, FDA has already approved the drug which reduces bone pain in patients suffering from bone metastases. The survival rates of patients with prostate and breast cancers, which are at high risk of developing bone metastases, would witness an uptick owing to the development of superior drugs and injectables such as Strontium Chloride Sr89 Injection USP. This would, in turn, fortify the medical and dental applications segment of the strontium industry in the upcoming years.

Application in medical and dental sector will account for close to a tenth of the strontium market size in 2025. It helps in increasing bone formation and prevents bone loss when used in postmenopausal women with osteoporosis. The synthetic form of strontium is radioactive in nature and is used for killing certain cancer cells. The mineral is also used in treating osteoarthritis as it boosts collagen and cartilage formation in joints. It is also used in making toothpastes for sensitive teeth in order to prevent decay.

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Asia Pacific strontium market size is likely to grow at a CAGR of around 6.5% by 2025. Asia Pacific is expected to be the largest regional market owing to the presence of huge deposits and exploration activities, especially in China. Increasing use of firecrackers in Asia Pacific on various occasions is a glaring factor towards the regional product demand which substantially contribute to the global strontium market growth by the projected timespan.

Strontium market share is exceedingly competitive, with several key players accounting for the total industry size. The major players include Sakai Chemical Industry Co., Solvay, BassTech International, Química del Estroncio, Canteras Industriales, Joyieng Chemical Limited, Prochem Inc., Shenzhou Jiaxin Chemical Co., NOAH Technologies Corporation and Chemalloy Co.

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