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Strontium Aluminate Powder: Introduction

  • Strontium aluminate (SRA, SrAl) is an aluminate compound with the chemical formula SrAl2O4. It is a pale yellow, monoclinic crystalline powder that is odorless and non-flammable. When activated with a suitable dopant (e.g., europium, written as Eu: SrAl2O4), it acts as a photoluminescent phosphor with long persistence of phosphorescence.
  • Strontium aluminate powder is activated by europium and dysprosium, a newer material with the highest brightness and significantly longer glow. It is around 10 times better than combining zinc and calcium sulfides. The lighter aluminates, such as SrAl, produce stunning blue colors, while europium doped with basic strontium aluminate produces a green glow.
  • It is used in a wide range of industrial applications such as traffic and emergency signs, white-light emitting diodes, textile printing, biological markers, and luminous paints in airports, highways, and buildings

Key Drivers and Restraints of Strontium Aluminate Powder Market

  • Strontium aluminate powder is primarily used in paints and coatings. Rise in demand for photoluminescent paints is likely to drive the global strontium aluminate powder market during the forecast period, owing to their wide usage in the production of glow in dark paints used on aircraft escape routes and in residential and commercial interior decor.
  • Increase in demand for strontium aluminate as an additive to plastics is expected to create significant opportunities for the strontium aluminate powder market in the near future
  • Strontium aluminate powder has excellent luminescence properties such as green phosphorescence with a long lifetime and high quantum efficiency, good chemical and thermal stability, environmental friendliness, and non-toxicity. It is widely used as luminous paint in buildings. Growth in usage of photoluminescence paints in the production of dark paints used in interior decoration in residential and commercial buildings is expected to drive the market during the forecast period.

Strontium Aluminate Powder: Type Segment

  • In terms of type, the global strontium aluminate powder market can be divided into water-based, solvent-based, and synthetic-based
  • The water-based segment is projected to hold major share of the market during the forecast period due to the rise in demand for water-based strontium aluminate powder, which is used to produce luminous products in a variety of transparent or translucent media, including plastic, paint, glaze, ink, glass, and printing slurry.
  • The solvent-based segment is projected to follow the water-based segment during the forecast period. Strontium aluminate powder is used widely in the paints & coatings industry in the production of paints for a variety of applications including automobiles, buildings, and hardware. High demand for photoluminescent paints and coatings in printing and coating industries is driving the global strontium aluminate powder market.

Strontium Aluminate Powder: Application Segment

  • Based on application, the global strontium aluminate powder market can be segmented into paints & coatings, printing inks, textiles, plastics, construction materials, and others
  • The paints & coatings segment is projected to gain higher share of the global market during the forecast period. Large amount of strontium aluminate powder is employed in various end-use industries such as automobiles and construction. Rise in construction activities is expected to drive the market in the near future.
  • The plastics segment is projected to hold key share of the global strontium aluminate powder market in the near future, as these are employed in the formulation of plastic sheets and films. Strontium aluminate powder enhances the glowing properties of plastics in the absence of light. It is also used in automotive interiors, wheel coatings, emergency signboards, packaging, and other applications. This is expected to drive the global strontium aluminate powder market during the forecast period.

COVID-19 Impact on Strontium Aluminate Powder Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the strontium aluminate powder market.

Asia Pacific to Hold Leading Share of Global Strontium Aluminate Powder Market

  • In terms of region, the strontium aluminate powder market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to hold major share of the global strontium aluminate powder market, followed by North America and Europe, during the forecast period. This can be ascribed to the easy availability of raw materials at competitive prices in the region as well as rapid growth of the building & construction and automotive industries in China, India, Japan, and South Korea.
  • The strontium aluminate powder market in Europe and North America is projected to expand at a rapid pace in the near future

Key Manufacturers Operating in Strontium Aluminate Powder Market

The strontium aluminate powder market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the strontium aluminate powder market include:

  • Honeywell International Inc.
  • LuminoChem
  • Nemoto & Co. Ltd
  • Allureglow International
  • GloTech International Ltd.
  • Lightleader Co. Ltd.
  • Tavco Chemicals Inc.
  • RTP Company
  • RC Tritec Ltd.
  • Glow Inc.
  • Minhui Luminous
  • Grand Luminous

Strontium Aluminate Powder: Research Scope

Strontium Aluminate Powder Market, by Type

  • Water-based
  • Solvent-based
  • Synthetic-based

Strontium Aluminate Powder Market, by Application

  • Paints & Coatings
  • Printing Inks
  • Textiles
  • Plastics
  • Construction Materials
  • Others

Global Strontium Aluminate Powder Market, by Region

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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Strontium Aluminate Powder Market