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Published Date: 2017-03-29Number of Pages: 170

Strontium Market (Product - Strontium Carbonate, Strontium Nitrate, and Strontium Sulphate; Application - Pyrotechnics, Ferrite Magnets, Master Alloys, Paints & Coatings, Medical, and Zinc Refining) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Strontium Market: Snapshot

Strontium, an alkaline earth metal, ranks 15th in terms of abundance among elements found in the earth’s crust, occurring as Strontianite and Celestine mineral ores. Strontium (Sr) is obtained from two primary minerals: Celestine (consisting of strontium sulphate) and Strontianite (consisting of strontium carbonate). There are a number of strontium (Sr) isotopes existing in nature; however, only four of them are stable, namely Sr-84, Sr-86, Sr-87, and Sr-88 whose overall occurrence in the earth’s crust approximately accounts for 0.6%, 9.8%, 7.00%, and 82.6% respectively. However, there are no definitive studies that can determine the occurrence of these isotopes on a regional or country level.

The global strontium market is forecast to exhibit a CAGR of 4.91% between 2016 and 2024. At this pace, the market which stood at 240.72 kilo ton in 2015 is expected to reach 372.09 kilo ton by the end of 2024.

strontium market

 

Strontium Carbonate to Remain Dominant Product Segment on Account of its Myriad Applications

The product segment includes compounds of strontium such as strontium carbonate, strontium nitrate, strontium sulphate, and others (oxides, peroxides, hydroxides, and chlorides of strontium). The most consumed strontium compound is strontium carbonate. Strontium carbonate has vast number of applications and is one of the primary compounds that is used as the precursor to produce other strontium compounds. On account of this, strontium carbonate is expected to remain at the market’s fore through the course of the forecast period. Major reason behind high consumption of strontium carbonate is that it is produced from the refining and processing of mineral Celestine.

Enterprises operating in the strontium market is gaining from large number of strontium applications, which include red colorant in fireworks, flares, and other pyrotechnics, manufacture of strontium ferrite for permanent magnets, and preparation of luminous paints and shimmering glass. Strontium is predominantly employed in pyrotechnics and the production of ceramic ferrite magnets, which constitute the leading market segment. Ferrite magnets occupied almost 32.29% of the overall market in 2015. The pyrotechnics segments emerged as the close second-lead in the same year.

Strontium acts as a luminescence and anti-corrosive factor in paints & coatings and is utilized in small amounts in the medical industry as well. In pyrotechnics, strontium compounds act as red colorants. Strontium ferrite magnets are employed in microwave devices, small electric motors, magneto-optic media, recording media, and in the electronics & telecommunication industry. Compounds such as strontium aluminate and strontium chromate are used in the paints & coatings industry for luminescence requirements and anti-corrosive coatings respectively. Addition of strontium carbonate to the electrolytic solution catalyzes the process of zinc refining. Majority are master alloys produced that contains strontium are aluminium based.

North America and Asia Pacific to Fight For the Leading Spot

In terms of production, China, Mexico, and Spain are major countries in the strontium market. The U.S., the U.K., France, Italy, China, India, and a few other nations in Asia are major consumers of strontium. Currently North America and Asia Pacific exhibit the most lucrative prospects for market players. These regions together hold the leading market share, however, in 2015 the North America strontium market marginally emerged dominant with a share of 29.65% in the coming years. Similarly, over the forecast period there is high possibility of the table turning in favor of the Asia Pacific market.

Major players in the strontium market include Solvay, Sakai Chemical Industry Co., Ltd., and BassTech International.

1. Preface
    1.1. Report Scope and Market Segmentation
    1.2. Research Highlights

2.Assumptions and Research Methodology
    2.1. Report Assumptions
    2.2. Secondary Sources and Acronyms Used
    2.3 .Research Methodology

3.Executive Summary
    3.1. Market Snapshot
    3.2. Market Shares
    3.3. Top Trends

4.Market Overview
    4.1. Product Overview
    4.2. Market Indicators

5.Market Dynamics
    5.1. Drivers and Restraints Snapshot Analysis
          5.1.1. Drivers
          5.1.2. Restraints
          5.1.3. Opportunities
    5.2. Global Strontium Market Analysis and Forecast
    5.3. Porter’s Analysis
          5.3.1. Threat of Substitutes
          5.3.2. Bargaining Power of Buyers
          5.3.3. Bargaining Power of Suppliers
          5.3.4. Threat of New Entrants
          5.3.5. Degree of Competition
    5.4. Value Chain Analysis
    5.5. Global Strontium Market Outlook, 2015

6.Strontium Market Analysis, by Product
    6.1. Introduction
    6.2. Key Findings
    6.3. Global Strontium Market Value Share Analysis, by Product
    6.4. Global Strontium Market Forecast and Analysis, By Product
          6.4.1. Strontium carbonate
          6.4.2. Strontium nitrate
          6.4.3. Strontium sulphate
          6.4.4. Others
    6.5. Global Strontium Market Analysis, by Product
    6.6. Global Strontium Market Attractiveness Analysis, by Product
    6.7. Key Trends

7. Strontium Market Analysis, by Application
    7.1. Introduction
    7.2. Key Findings
    7.3. Global Strontium Market Value Share Analysis, by Application
    7.4. Global Strontium Market Forecast and Analysis, by Application
          7.4.1. Pyrotechnics
          7.4.2. Ferrite magnets
          7.4.3. Master alloys
          7.4.4. Paints & Coatings
          7.4.5. Medical
          7.4.6. Zinc refining
          7.4.7. Others
    7.5. Global Strontium Market Analysis, by Application
    7.6. Global Strontium Market Attractiveness Analysis, by Application
    7.7. Key Trends

8. Global Strontium Market Analysis by Region
    8.1. Global Market Size Growth Scenario, by Region, 2015
    8.2. Key Findings
    8.3. Global Strontium Market Value Share Analysis, by Region
    8.4. Global Strontium Market Forecast, by Region
          8.4.1. North America
          8.4.2. Latin America
          8.4.3. Europe
          8.4.4. Asia Pacific
          8.4.5. Middle East and Africa
    8.5. Global Strontium Content, by Region
    8.6. Global Strontium Market Attractiveness Analysis, by Region
    8.7. Key Trends

9.North America Strontium Market Analysis
    9.1. Key Findings
    9.2. North America Strontium Market Overview
    9.3 .North America Strontium Market Value Share Analysis, by Product
    9.4. North America Strontium Market Forecast, by Product
    9.5. North America Strontium Market Value Share Analysis, by Application
    9.6. North America Strontium Market Forecast, by Application
    9.7. North America Strontium Market Value Share Analysis, by Country
    9.8. North America Strontium Market Forecast, by Country
          9.8.1. U.S.
          9.8.2. Canada
    9.9. North America Strontium Content in Product
    9.10. North America Strontium Market Attractiveness Analysis

10. Latin America Strontium Market Analysis
    10.1. Key Findings
    10.2. Latin America Strontium Market Overview
    10.3. Latin America Strontium Market Value Share Analysis, by Product
    10.4. Latin America Strontium Market Forecast, by Product
    10.5. Latin America Strontium Market Value Share Analysis, by Application
    10.6. Latin America Strontium Market Forecast, by Application
    10.7. Latin America Strontium Market Value Share Analysis, by Country
    10.8. Latin America Strontium Market Forecast, by Country
          10.8.1. Brazil
          10.8.2. Mexico
          10.8.3. Rest of Latin America
    10.9. Latin America Strontium Content in Product
    10.10. Latin America Strontium Market Attractiveness Analysis 

11.Europe Strontium Market Analysis
    11.1. Key Findings
    11.2. Europe Strontium Market Overview
    11.3. Europe Strontium Market Value Share Analysis, by Product
    11.4. Europe Strontium Market Forecast, by Product
    11.5. Europe Strontium Market Value Share Analysis, by Application
    11.6. Europe Strontium Market Forecast, by Application
    11.7. Europe Strontium Market Value Share Analysis, by Country
    11.8. Europe Strontium Market Forecast, by Country
          11.8.1. Germany
          11.8.2. France
          11.8.3. U.K.
          11.8.4. Spain
          11.8.5. Italy
          11.8.6. Rest of Europe
    11.9. Europe Strontium Content in Product
    11.10. Europe Strontium Market Attractiveness Analysis

12.Asia Pacific Strontium Market Analysis
    12.1. Key Findings
    12.2. Asia Pacific Strontium Market Overview
    12.3. Asia Pacific Strontium Market Value Share Analysis, by Product
    12.4. Asia Pacific Strontium Market Forecast, by Product
    12.5. Asia Pacific Strontium Market Value Share Analysis, by Application
    12.6. Asia Pacific Strontium Market Forecast, by Application
    12.7. Asia Pacific Strontium Market Value Share Analysis, by Country
    12.8. Asia Pacific Strontium Market Forecast, by Country
          12.8.1. China
          12.8.2. Japan
          12.8.3. India
          12.8.4.ASEAN
          12.8.5.Rest of Asia Pacific
    12.9. Asia Pacific Strontium Content in Product
    12.10. Asia Pacific Strontium Market Attractiveness Analysis

13.Middle East and Africa Strontium Market Analysis
    13.1. Key Findings
    13.2. Middle East and Africa Strontium Market Overview
    13.3. Middle East and Africa Strontium Market Value Share Analysis, by Product
    13.4. Middle East and Africa Strontium Market Forecast, by Product
    13.5. Middle East and Africa Strontium Market Value Share Analysis, by Application
    13.6. Middle East and Africa Strontium Market Forecast, by Application
    13.7. Middle East and Africa Strontium Market Value Share Analysis, by Country
    13.8. Middle East and Africa Strontium Market Forecast, by Country
          13.8.1. GCC
          13.8.2. South Africa
          13.8.3. Rest of MEA
    13.9. Middle East and Africa Strontium Content in Product
    13.10. Middle East and Africa Strontium Market Attractiveness Analysis

14.Competition Landscape
    14.1. Global Strontium Market Share Analysis, by Company (2015)
    14.2. Company Competition Matrix
    14.3. Company Profiles
          14.3.1. Solvay
                    14.3.1.1. Company Description
                    14.3.1.2. Business Overview
                    14.3.1.3. SWOT Analysis
                    14.3.1.4. Strategic Overview
          14.3.2. Sakai Chemical Industry Co., Ltd.
                    14.3.2.1. Company Description
                    14.3.2.2. Business Overview
                    14.3.2.3. SWOT Analysis
                    14.3.2.4. Strategic Overview
          14.3.3. Quimica Del Estroncio, S.A.
                    14.3.3.1. Company Description
                    14.3.3.2. Business Overview
          14.3.4. Barium & Chemicals, Inc.
                    14.3.4.1. Company Description
                    14.3.4.2. Business Overview
          14.3.5. BassTech International
                    14.3.5.1. Company Description
                    14.3.5.2. Business Overview
          14.3.6. Noah Technologies Corporation
                    14.3.6.1. Company Description
                    14.3.6.2. Business Overview
          14.3.7. Yuxiang Magnetic Materials Ind. Co. Ltd.
                    14.3.7.1. Company Description
                    14.3.7.2. Business Overview
          14.3.8. Shijiazhuang Zhengding JINSHI Chemical Co., Ltd.
                    14.3.8.1. Company Description
                    14.3.8.2. Business Overview
          14.3.9. ProChem, Inc® International
                    14.3.9.1. Company Description
                    14.3.9.2. Business Overview
          14.3.10. ABASSCO.
                    14.3.10.1. Company Description
                    14.3.10.2. Business Overview
          14.3.11. KBM Affilips
                    14.3.11.1. Company Description
                    14.3.11.2. Business Overview

15.Key Takeaways

 

List of Figures

Figure 01: Market Snapshot, Indicative Volume (Kilo Tons)
Figure 02: Market Shares
Figure 03: Global Strontium Market Forecast (Kilo Tons) (US$ Mn), 2015–2024
Figure 04: Global Strontium Market Size and Volume Y-o-Y Growth Projection, 2015–2024
Figure 05: Global Strontium Market Share, by Product, 2015
Figure 06: Global Strontium Market Value Share, by Application, 2015
Figure 07: Global Strontium Market Share, by Region, 2015
Figure 08: Global Strontium Market Value Share Analysis, by Product, 2015 and 2024
Figure 09: Global Strontium Carbonate Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 10: Global Strontium Nitrate Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 11: Global Strontium Sulphate Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 12: Global Others Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 13: Global Strontium Market Attractiveness Analysis, by Product
Figure 14: Global Strontium Market Value Share Analysis, by Application, 2016 and 2024
Figure 15: Global Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast for Pyrotechnics, 2015–2024
Figure 16: Global Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast for Ferrite Magnets, 2015–2024
Figure 17: Global Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast for Master Alloys, 2015–2024
Figure 18: Global Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast for Paints & Coatings, 2015–2024
Figure 19: Global Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast for Medical, 2015–2024
Figure 20: Global Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast for Zn Refining, 2015–2024
Figure 21: Global Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast for Others, 2015–2024
Figure 22: Global Strontium Market Attractiveness Analysis, by Application
Figure 23: Global Strontium Market Value Share Analysis, by Region, 2016 and 2024
Figure 24: Global Strontium Content (Kilo Tons), by Region, 2015–2024
Figure 25: Global Strontium Market Attractiveness Analysis, by  Region
Figure 26: North America Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 27: North America Strontium Market Attractiveness Analysis, by Country
Figure 28: North America Strontium Market Value Share Analysis, by Product, 2015 and 2024
Figure 29: North America Strontium Market Value Share Analysis, by Application, 2015 and 2024
Figure 30: North America Strontium Market Value Share Analysis, by Country, 2015 and 2024
Figure 31: North America Strontium Content (Kilo Tons) in Product, 2015–2024
Figure 32: North America Strontium Market Attractiveness Analysis, by Product
Figure 33: North America Strontium Market Attractiveness Analysis, by Application
Figure 34: Latin America Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 35: Latin America Strontium Market Attractiveness Analysis, by Country
Figure 36: Latin America Strontium Market Value Share Analysis, by Product, 2015 and 2024
Figure 37: Latin America Strontium Market Value Share Analysis, by Application, 2015 and 2024
Figure 38: Latin America Strontium Market Value Share Analysis, by Country, 2015 and 2024
Figure 39: Latin America Strontium Content (Kilo Tons) in Product, 2015–2024
Figure 40: Latin America Strontium Market Attractiveness Analysis, by Product
Figure 41: Latin America Strontium Market Attractiveness Analysis, by Application
Figure 42: Europe Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 43: Europe Strontium Market Attractiveness Analysis, by Country
Figure 44: Europe Strontium Market Value Share Analysis, by Product, 2015 and 2024
Figure 45: Europe Strontium Market Value Share Analysis, by Application, 2015 and 2024
Figure 46: Europe Strontium Market Value Share Analysis, by Country, 2015 and 2024
Figure 47: Europe Strontium Content (Kilo Tons) in Product, 2015–2024
Figure 48: Europe Strontium Market Attractiveness Analysis, by Product
Figure 49: Europe Strontium Market Attractiveness Analysis, by Application
Figure 50: Asia Pacific Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 51: Asia Pacific Strontium Market Attractiveness Analysis, by Country
Figure 52: Asia Pacific Strontium Market Value Share Analysis, by Product, 2015 and 2024
Figure 53: Asia Pacific Strontium Market Value Share Analysis, by Application, 2015 and 2024
Figure 54: Asia Pacific Strontium Market Value Share Analysis, by Country, 2015 and 2024
Figure 55: Asia Pacific Strontium Content (Kilo Tons) in Product, 2015–2024
Figure 56: Asia Pacific Strontium Market Attractiveness Analysis, by Product
Figure 57: Asia Pacific Strontium Market Attractiveness Analysis, by Application
Figure 58: Middle East & Africa Strontium Market Revenue (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 59: Middle East & Africa Strontium Market Attractiveness Analysis, by Country
Figure 60: Middle East & Africa Strontium Market Value Share Analysis, by Product, 2015 and 2024
Figure 61: Middle East & Africa Strontium Market Value Share Analysis, by Application, 2015 and 2024
Figure 62: Middle East & Africa Strontium Market Value Share Analysis, by Country, 2015 and 2024
Figure 63: Middle East & Africa Strontium Content (Kilo Tons) in Product, 2015–2024
Figure 64: Middle East & Africa Strontium Market Attractiveness Analysis, by Product
Figure 65: Middle East & Africa Strontium Market Attractiveness Analysis, by Application
Figure 66: Global Strontium Market Share Analysis, by Company (2015)

 

List of Tables

Table 01: Global Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 02a: Global Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 02b: Global Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 03: Global Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Region, 2015–2024
Table 04: Global Strontium Content (Kilo Tons), by Region, 2015–2024
Table 05: North America Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 06a: North America Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 06b: North America Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 07: North America Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 08: North America Strontium Content (Kilo Tons) in Product, 2015–2024
Table 09: Latin America Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 10a: Latin America Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 10b: Latin America Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 11: Latin America Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 12: Latin America Strontium Content (Kilo Tons) in Product, 2015–2024
Table 13: Europe Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 14a: Europe Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 14b: Europe Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 15a: Europe Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 15b: Europe Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 16: Europe Strontium Content (Kilo Tons) in Product, 2015–2024
Table 17: Asia Pacific Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 18a: Asia Pacific Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 18b: Asia Pacific Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 19: Asia Pacific Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 20: Asia Pacific Strontium Content (Kilo Tons) in Product, 2015–2024
Table 21: Middle East & Africa Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Product, 2015–2024
Table 22a: Middle East & Africa Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 22b: Middle East & Africa Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Application, 2015–2024
Table 23: Middle East & Africa Strontium Market Volume (Kilo Tons) and Revenue (US$ Mn) Forecast, by Country, 2015–2024
Table 24: Middle East & Africa Strontium Content (Kilo Tons) in Product, 2015–2024

 

Global Strontium Market: Overview

Strontium, an alkaline earth metal, ranks 15th in terms of abundance among elements found in the earth’s crust, occurring as Strontianite and Celestine mineral ores. Strontium (Sr) is obtained from two primary minerals: Celestine (consisting of strontium sulphate) and Strontianite (consisting of strontium carbonate).

The report estimates and forecasts the strontium market on the global and regional levels. The study provides forecast between 2016 and 2024 based on volume (kilo tons) and revenue (US$ Mn) with 2015 as the base year. It comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage.

The study includes drivers and restraints for the strontium market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the strontium market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of strontium and global average price trend analysis.

It provides a comprehensive view of the strontium market by dividing it into product, application and geography segments. The products have been segmented into strontium carbonate, strontium nitrate, strontium sulphate and others. The applications are segmented into pyrotechnics, ferrite metals, master alloys, paints & coatings, medical, zinc refining and others. These segments have been analyzed based on historic, present, and future trends.

Global Strontium Market: Key Segments

The product segment includes compounds of strontium such as strontium carbonate, strontium nitrate, strontium sulphate, and others (oxides, peroxides, hydroxides, and chlorides of strontium). The most consumed strontium compound is strontium carbonate because of its vast number of applications and strontium carbonate being one of the primary compounds that is used as the precursor to produce other strontium compounds.

The application segment includes pyrotechnics, ferrite magnets, master alloys, paints & coatings, medical, zinc refining, and others. Strontium is predominantly employed in pyrotechnics and the production of ceramic ferrite magnets. It acts as a luminescence and anti-corrosive factor in paints & coatings and is utilized in small amounts in the medical industry as well.

Strontium ranelate is a strontium salt of ranelic acid which was used in the medicine for osteoporosis. However, in the U.S., the drug for osteoporosis is not approved by the FDA. It exhibited hypersensitivity to some substances in the study carried out on it, and is not recommended to patients suffering from severe renal diseases. Stringent government regulations on the use of strontium compounds could act as a restraint for the overall strontium market.

Fireworks exhibitions usually includes bright colors, one of them being red. Also, red is a primary color from which other shades can be created. Exhibition fireworks and crackers are a major part of concerts and other live performance shows used for enhancement purposes. Pyrotechnics used for exhibition purposes includes fireworks, flares, crackers, and flashpapers. Strontium compounds being used as red colorant providers acts as a driver for the strontium market.

Global Strontium Market: Regional Segments

Regional segmentation includes the current and forecast consumption of strontium in North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). Market segmentation includes demand for consumption in all the regions individually. In terms of production, China, Mexico, and Spain are major countries in the strontium market. The U.S., the U.K., France, Italy, China, India, and a few other parts of Asia are major consumers.

Global Strontium Market: Scope of Report

The report estimates and forecasts the strontium market on the global and regional levels. The study provides forecast between 2016 and 2024 based on volume (kilo tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the strontium market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the strontium market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of strontium and global average price trend analysis.

Global Strontium Market: Research Methodology

The report includes Porter’s Five Forces Model to determine the degree of competition in the strontium market. The report comprises a qualitative write-up on market attractiveness analysis, wherein end-users and regions have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for strontium between 2016 and 2024.

Secondary research sources that were typically referred to include, but were not limited to, U.S. Geological Survey, International Trade Centre (ITC), British Geological Survey, American Pyrotechnics Association, United Nations Comtrade Database, company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

Companies Mentioned in Report

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Solvay, Sakai Chemical Industry Co., Ltd. and BassTech International. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

The global strontium market has been segmented as follows:

Strontium Market – Product Analysis

  • Strontium Carbonate
  • Strontium Nitrate
  • Strontium Sulphate
  • Others

Strontium Market – Application Analysis

  • Pyrotechnics
  • Ferrite Magnets
  • Master Alloys
  • Paints & Coatings
  • Medical
  • Zinc Refining
  • Others

Strontium Market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa


 
 
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