Email
Print
Overview
Strontium Chloride Market size is
forecast to reach $687.27 million
by 2025, after growing at a CAGR of 7% during 2020-2025. The Strontium Chloride is expected to grow at a significant rate due to
its utilization in various application. The rising demand for the Strontium
Chloride in the dental care, biological research, and in ammonium storage will
augment its growth during forecast period.
Report Coverage
The report: “Strontium Chloride Market – Forecast (2020-2025)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Strontium Chloride
Industry.
Key Takeaways
- APAC dominates the Strontium Chloride market owing to presence of huge exploration and huge deposit of strontium and chloride.
- Growing utilization of strontium chloride in various application and presence of established players are expected to drive the market.
Purity - Segment Analysis
99.5% Purity held the largest share in the Strontium Chloride market in 2019. The high purity strontium chloride has several grades with different chemical purities, shapes and granulometry, all characterized by high reactivity and tightly controlled narrow particle size distribution. It is also used in the preparation of other strontium compounds precursors, such as strontium chromate. The other usage of strontium chloride is as an aluminum corrosion inhibitor, the electrolytic metal sodium flux, and organic synthesis catalyst.
Application - Segment Analysis
Pyrotechnic accounts for the highest market
share in the global market. Pyrotechnic effects offers theoretical explosions,
flashes, fireworks, confetti, streamers, and glitter. Pyrotechnical time delays
are reactive devices that burn at a given rate for a predetermined period of
time and are widely used in military applications like explosives and handheld
signals. The developments in pyrotechnic will be beneficial for the strontium
chloride, as the growth in pyrotechnic will parallelly augment the market
growth of strontium chloride. In 2019, Dassault Aviation has opened
pyrotechnics facility in France for the production of long products such as cutting
cords, expansible tubes and transmission lines. Furthermore, The U.S. Army’s
Combat Capabilities Development Command’s Chemical Biological Center is
developing new technological advanced smoke popping pyrotechnics. In most of countries, pyrotechnics and flares
are forbidden since they are widely seen as a risk as that they cause large
amounts of smoke.
Geography - Segment Analysis
APAC dominated the Strontium chloride market with a share
of more than 37%, followed by North America and Europe. Strontium chloride is a
salt of strontium and chloride. In APAC strontium is expected to upsurge owing
to the presence of huge deposits and exploration activities, especially in
China. The other growth factor is increasing usage of firecrackers in APAC on
various occasions is a glaring factor towards the regional product demand which
substantially contribute to the global strontium market growth. The chloride
growth in APAC is anticipated to grow due to its application in medicine,
pigment and others.
Drivers – Strontium Chloride Market
·
The usage of Strontium Chloride in various application will fuel the
market.
Strontium chloride is a drug for
antibacterial. It works by strengthening the teeth and reducing the effects of
acid and bacteria on the teeth. It also facilitates remineralization of the
tooth and prevents the growth of dental cavities. Strontium chloride in
biological research is used to induce activation of mouse oocytes in nuclear
transfer and other experiments, which is important in understanding the
mechanisms of fertilization and early embryonic development.
Challenges – Strontium Chloride Market
·
The alternative material can restrict
the market growth
The strontium chloride market growth can be restricted due to presence of alternative material. Many practitioners believe that strontium supplements can prevent osteoporosis because a similar medication, called strontium ranelate, was approved for such use in Europe.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Strontium Chloride market.
In 2019, the market of Strontium Chloride has been consolidated by the top five players accounting for xx%
of the share. Major players in the Strontium Chloride Market are Solvay, Sakai
Chemical Industry Co. Ltd., BassTech International, Canteras Industriales Sl,
Química del Estroncio S.A, and Prochem Inc., among others.