Strontium Market - Industry Analysis, Size, Share, Trends and Forecast 2016 – 2024

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Strontium Market - Global Industry
Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Strontium
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
Strontium is an alkaline earth metal which is the fifteenth most abundant element on the earth. Strontium is soft yellowish or
silver white in colour and the physical and chemical properties of Strontium resemble Calcium and Barium with strong reactivity
towards water and hydroxides. Strontium is malleable and ductile in nature and is naturally found in minerals such as
Strontianite and Celestite of which the carbonate form of strontium, strontianite is more useful in terms of application. Strontium
compounds have better thermodynamic and mechanical properties. Metallic strontium can be obtained by reduction of
aluminum oxide since strontium is a good reducing agent. The significant application of strontium is in the manufacturing of
television face plate glass.
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Strontium is segmented on the basis of mineral forms as strontianite, celestite, acuminite and putnisite. Naturally occurring
strontium is segmented in terms of different forms as strontium -84, strontium -86, strontium -87 and strontium-88. On the basis
of application strontium market is segmented as electronic industry, pyro technique industry, dental industry, health and
medical field, automobile industry, paints and coating industry, research and development field and space science and
technology field.
The strontium market is expected to witness a decent growth in the current year and is expected to follow the same trend in the
forecast period (2016-2024). Strontium market is mainly driven by Cathode Ray Tube glass industry which is commonly used in
consumer electronic goods such as color television and computer monitors. Ferrite magnet synthesis and production is another
key market driver of Strontium market. Pyro technique industry which is used for military as well as nonmilitary applications act
as a major market driver of Strontium. Dental industry is also an important market driver as teeth sensitive paste which is
prepared using strontium are currently available in the market. Corrosion resistant paint industry is another domain that drives
Strontium market. Medical field is also a significant market driver of strontium as it uses the radioactive strontium for
chemotherapy. Automobile industry act as a key market driver by using strontium which is having good machinability and creep
resistance for making USB ports and visual displays. R & D is another driver for Strontium market since it is used to make
vacuum pumps to remove air. Space technology is also a key driver of Strontium as it uses Strontium to make parts of space
vehicles.
Global market of strontium has been segmented into regions i.e., Asia-Pacific, North America and Europe. The key consumers of
Strontium in Asia-Pacific region include China with a rapid growth of Strontium market, Japan and Taiwan followed by India.
Leading producers of Strontium are based on US and Europe; in countries such as Mexico, Canada, Germany and Spain.
However the increased demand of flat screen displays in North America and Europe is expected to make a change in the trend
since CRTs are not used in these technologies. Still, in terms of cost effectiveness, CRTs are preferred to components of new
technologies. In rest of the world Strontium market growth is steady. Mining of Strontium minerals are mainly done in UK,
Mexico, Turkey and Spain.
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Major players operating in the global Strontium market are Evonik Degussa GmbH, Sakai Chemical Industry Co.Ltd and
Solvay &CPC Barium Strontium GmbH &Co.KG, Timminco Ltd, Canteras Industriales S.L, Quimica Del Estroncio, S.A.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and
verifiable projections about market size. The projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every
facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
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Market segments and sub-segments
•
Market trends and dynamics
•
Supply and demand
•
Market size
•
Current trends/opportunities/challenges
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Competitive landscape
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Technological breakthroughs
•
Value chain and stakeholder analysis
The regional analysis covers:
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North America (U.S. and Canada)
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Latin America (Mexico, Brazil, Peru, Chile, and others)
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Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
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Eastern Europe (Poland and Russia)
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Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
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Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned
analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and
mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment
over the forecast period.
Highlights of the report:
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A complete backdrop analysis, which includes an assessment of the parent market
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Important changes in market dynamics
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Market segmentation up to the second or third level
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Historical, current, and projected size of the market from the standpoint of both value and volume
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Reporting and evaluation of recent industry developments
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Market shares and strategies of key players
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Emerging niche segments and regional markets
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An objective assessment of the trajectory of the market
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Recommendations to companies for strengthening their foothold in the market
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strontium market is segmented as electronic industry, pyro technique industry, dental industry, health and medical field, automobile industry, paints and coating industry, research and development field and space science and technology field.