Strontium Market to reach $650mn by 2025

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Strontium Market to reach 650mn by 2025 Global
Market Insights Inc.
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Industry Overview

• Strontium Market to exceed USD 650 million by
  2025.Strong demand for pyrotechnic operations in
  Asia Pacific is projected to propel the strontium
  market with a CAGR over 6.5 in the projected
  time period. The increasing use of firecrackers,
  on festive occasions in countries such as India
  and China is a prominent factor towards high
  regional product demand. Other than that, these
  pyrotechnic activities are extensively utilized
  in various entertainment activities such as in
  cinemas, ceremonies, concerts, and sports events,
  directly augmenting the strontium market size.
• The mineral is also required in the making of
  cathode ray tubes (CRT) that are used in
  television sets and computer monitors. It is
  broadly used in electronics industry due to its
  exceptional mechanical and thermodynamic
  properties. The increasing product application in
  the electronics industry to manufacture CRT will
  significantly contribute towards high strontium
  market demand in coming years.
• Stern government standards have been implemented
  to curb pollution in several countries. Some of
  these guidelines also constrain the use of
  fireworks. Since strontium is widely used in
  fireworks, therefore, regulations imposed to
  limit their use will have a negative impact on
  the overall strontium market size.

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• Strontium sulfate registers a CAGR over 6.5 by
  2025. It is popularly used to produce ceramic
  ferrite magnets that are commonly used in
  loudspeakers, small motors, toys and other
  electronic equipment owing to their favorable
  magnetic properties and low cost.
• Application in medical and dental sector will
  account for close to a tenth of the strontium
  market size in 2025. It helps in increasing bone
  formation and prevents bone loss when used in
  postmenopausal women with osteoporosis. The
  synthetic form of strontium is radioactive in
  nature and is used for killing certain cancer
  cells. The mineral is also used in treating
  osteoarthritis as it boosts collagen and
  cartilage formation in joints. It is also used in
  making toothpastes for sensitive teeth in order
  to prevent decay.

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U.S. Strontium Market Size, By Application, 2014
- 2025 (USD Million)

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Industry Coverage

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• Asia Pacific strontium market size is likely to
  grow at a CAGR of around 6.5 by 2025. Asia
  Pacific is expected to be the largest regional
  market owing to the presence of huge deposits and
  exploration activities, especially in China.
  Increasing use of firecrackers in Asia Pacific on
  various occasions is a glaring factor towards the
  regional product demand which substantially
  contribute to the global strontium market growth
  by the projected timespan.
• Strontium market share is exceedingly
  competitive, with several key players accounting
  for the total industry size. The major players
  include Sakai Chemical Industry Co., Solvay,
  BassTech International, Química del Estroncio,
  Canteras Industriales, Joyieng Chemical Limited,
  Prochem Inc., Shenzhou Jiaxin Chemical Co., NOAH
  Technologies Corporation and Chemalloy Co.

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