Covid-19 Impact on Strontium Market is Expected to Grow at an Impressive CAGR by 2026

The Strontium Market report by Company, Regions, Type and Application; added by Stratview Research is an in-depth analysis of the present and upcoming trends, market size, status, present scenario and upcoming technologies, market drivers, challenges, regulatory policies, with key company profiles and growth strategies of major players. The present report provides market introduction, Strontium Market definition, mergers & acquisitions, key financial data, regional market scope, sales and revenue by region, Industrial supply Chain, market size forecast, related tables, pie charts, graphs, and figures, etc.

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Market Highlights:

Strontium is a highly reactive metallic element that occurs naturally and is mostly mined from the minerals celestine and strontianite. Natural strontium is not harmful to health, whereas synthetic strontium is radioactive in nature. The mineral is also widely used in the electrical and electronics industries, where it is primarily used to manufacture cathode ray tubes (CRT) used in television sets.

Strontium Market is likely to witness a CAGR of 6.2% during the forecast period. Major growth factors include the increased use of fireworks and other pyrotechnics during festivals and in other entertainment sectors such as in concerts, movies, sports events; initiatives towards innovation of environment-friendly flares, along with the mineral’s deployment in the electrical and electronic industries to manufacture cathode ray tubes (CRT) for television sets, is expected to fuel the growth of the market during the forecast period.

Top players in the market:

The report has listed few key players active in the market. Below given is the list-

  • Solvay S.A.
  • Sakai Chemical Industry Co., Ltd.
  • BassTech International
  • Canteras Industriales S.L.
  • Química del Estroncio SA
  • Joyieng Chemical Limited
  • Shenzhou Jiaxin Chemical Co., Ltd
  • Pro Chem Inc.
  • Chemalloy Co., Inc.
  • NOAH Technologies Corporation.

Segment-wise Analysis:

To broaden the understanding, researchers have studied the Strontium Market minutely. The report consists of segment-wise details such as application type, platform type, etc. It also covers the regional analysis, considering the potential regions and countries. Such segment-wise analysis will further assist the users in making suitable decisions for better growth opportunities.

Critical Questions Answered in the Report:

  • What are the key trends in the Strontium Market?
  • How has the market (and its various sub-segments) grown in the last five years?
  • What would be the growth rate in the next five years?
  • What is the impact of COVID-19 on the market?
  • What are the key strategies adopted by the major vendors to lead in the Strontium Market?
  • What is the market share of the top vendors?

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