Strontium Chloride Market - Forecast(2020-2025)

Report Code: CMR 0826 Report Format: PDF + Excel (Delivery in 48 Hrs)

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. Strontium chloride or strontium citrate are the most common forms found in dietary supplements in the United States. Strontium chloride can be prepared by treating strontium hydroxide or strontium carbonate with hydrochloric acid

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.