A new market study, titled “Global Strontium Carbonate Market Analysis, Forecast to 2026”, has been featured on Allied Market Research
Strontium carbonate is also used in the production of strontium ferrite magnets which are employed in magneto-optic mediums, small electric motors, recording mediums, microwave devices, and in electronics & communication industry. Thus, strontium carbonate market growth is driven by increased demand in the electronic industry. In addition, the rise in usage of strontium carbonate in glass, ceramic, and metallurgical industry boosts the strontium carbonate market growth. However, strontium carbonate is hazardous to human as it causes eye, skin, and body irritation, which restrains the market growth. Meanwhile, the increase in technological advancements and investments on R&D activities further offer healthy growth opportunities for this market.
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The strontium carbonate market is segmented into grade type, application, and region. By grade type, it is divided into electronic grade and industrial grade. By application, it is classified into bone health, frit manufacturing, novel nanoparticle, fireworks manufacturing, pyrotechnics, ceramics, electromagnets, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle-East and, Africa).
Strontium carbonate is the carbonate salt of strontium with its chemical formula SrCO3. It is a white or grey hygroscopic powder compound. It occurs naturally as the mineral strontianite. Strontium carbonate is a tasteless and odorless white powder. Strontium carbonate is widely used in numerous industries such as electronics, metallurgy, chemicals, and glass. It is insoluble in water. Strontium carbonate is easily soluble in dilute acids.
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The Major Key Players Are:
Muby Chemicals, Solvay, American Elements, Celtic Chemicals Ltd., Sakai Chemical Industry Co., Ltd., Zaozhuang Yongli Chemical Co., Ltd., Shijiazhuang Zhengding JINSHI Chemical Co., Ltd., Hebei Xinji Chemical Group Co., Ltd., Prakash Brothers, and Abassco.
Key Benefits For Stakeholders:
- Porter’s five force analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for building strategies.
- The report outlines the current strontium carbonate market trends and future scenario of the strontium market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market and illustrate the market share.
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
- The strontium carbonate market analysis covers in-depth information of major industry participants and market forecast.
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