Press release
Strontium Market to see 6% CAGR till 2024 | Solvay, BassTech, Prochem, Chemalloy, NOAH Technologies Corporation
Strontium Market
Based on product segment, the strontium carbonate segment was reported to hold over 55% of the total market share in 2017. The product is extensively used in the production of flares and fireworks. Strontium carbonate is a tasteless and odorless white powder which is mostly preferred due to its hygroscopic feature and minimum cost. It is also used for the production of refining sugar, iridescent glass, and luminous paints.
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On a different note, the strontium market is gaining traction across the electricals and electronics sector. The sector is expected to offer considerable growth proceeds, offering more than 5% CAGR to strontium market through 2025. The product’s exceptional mechanical as well as thermodynamic properties which make it a crucial component in the manufacturing of a wide array of electronic devices.
Strontium market outlook has undergone a major of transformation over the recent years as far as novel innovations and enhanced product commercialization are concerned. The soft, silver-yellow metal finds extensive use across myriad industries globally. The widespread application portfolio and an increase in the pyrotechnic activities or fireworks have enabled the strontium market graph to witness a positive growth trajectory over 2018-2025. These metal compounds help impart red colored flames in the production of fireworks.
The increased prominence of festive occasions in the Asian countries including China and India have initiated a strong demand for the pyrotechnic operations across these regions. Pyrotechnics is commonplace in several entertainment events such as the concerts, sports events, and more. The widespread prevalence of such occasions have led to Asia Pacific holding over 35 per cent of the strontium market share in 2017.
Major key players profiled in the Strontium market are Solvay, Sakai Chemical Industry Co., Ltd., BassTech International, Canteras Industriales Sl, Química del Estroncio, S.A., Joyieng Chemical Limited, Shenzhou Jiaxin Chemical Co., Ltd, Prochem Inc., Chemalloy Co. Inc. and NOAH Technologies Corporation.
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Chapter 3. Strontium Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Profit margin
3.3.3. Value addition
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.3.5.1. List of key manufacturers/suppliers
3.3.5.2. List of key/potential customers
3.4. Technology landscape
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.2. Industry pitfalls & challenges
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Competitive landscape
3.8.1. Company market share, 2017
3.8.2. Strategy dashboard
3.8.3. Patent analysis
3.9. Porter's analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.1.1. R&D cost
3.10.1.2. Manufacturing & equipment cost
3.10.1.3. Raw material cost
3.10.1.4. Distribution cost
3.10.1.5. Operating cost
3.10.1.6. Miscellaneous cost
3.10.2. Price by product
3.10.3. Price by application
3.11. PESTEL analysis
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