Global Strontium Carbonate market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026 at a CAGR of 2.5% during a forecast period.
The report covers the detailed analysis of the global strontium carbonate industry with the classifications of the market on the basis of type, application and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player’s contribution in it.
Strontium is an alkaline earth metal. It ranks 15th in terms of abundance among the elements found in the earth crust.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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The report has profiled fifteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. Manufacturing environment in each region is different and focus is given to regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Global Strontium Carbonate Market Dynamics
The growth in demand for strontium carbonate from strontium ferrite in permanent magnets and preparation of luminous paints and shimmering glass, is major growth driver for global strontium carbonate market. There is major demand from strontium ferrite permanent magnets as it is used in microwave devices, small electric motors, magneto-optic mediums, recording mediums and electronics and telecommunication industry. The low cost of production is also one more growth driver for global market. On the other hand, strontium carbonate is hazardous to human as it causes eye, skin and body irritation, which is expected to restraint growth of global market during forecast period.
Increase in the technological advancement and investment on R&D activities are expected to create more growth opportunities for the global strontium carbonate market during a forecast period.
Global Strontium Carbonate Market Segment Analysis
Based on type, Strontium carbonate is segmented as industrial grade and electronic grade. The electronic grade segment held XX% shares of the global market in 2019 and is expected to reach at US$ XX Bn by 2026 at a CAGR of XX% during a forecast period. The demand growth for electronic grade segment from application in magnetic materials makes segment as major shareholder in the global market.
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On the basis of application, the electromagnet segment is expected to dominate global strontium carbonate market during forecast period. The growth in demand from microwave devices, small electric motors, magneto-optic mediums, recording mediums and in the electronics and telecommunication helps in growth of electromagnet segment. The electromagnet segment is expected to grow at a CAGR of XX% during a forecast period to reach US$ XX Bn by 2026. Earlier it was valued at US$ XX Bn in 2019 with XX% of shareholding in the global market.
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Global Strontium Carbonate Market Regional Analysis
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Asia-Pacific is expected to dominate the global strontium carbonate market during forecast period. It held significant market shares in terms of consumption of strontium carbonate. China is one of top producer of strontium carbonate across the world. This growth in demand from various end-use applications such as ferrite magnet, master alloys, paints and coatings drives the growth of global strontium carbonate market in Asia-pacific. The Asia-Pacific was valued at US$ XX Bn in 2019 and expected to reach US$ XX Bn by 2026 at a CAGR of XX% during a forecast period.
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The report helps in understanding strontium carbonate market dynamics, structure, by analyzing the market segments and projects the global strontium carbonate market size. The clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global strontium carbonate market make the report investor’s guide.
The report provides a detailed study of the key players of the global strontium carbonate market with their growth by conserving past data. In addition to that report helps reader with the company profile, Company Overview, Financial Overview, Product Portfolio, Business Strategy, Recent Developments and Development Footprint analysis and growth strategies for each.
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Global Strontium Carbonate Market, by Region
• North America
• Middle East & Africa
• Latin America
Global Strontium Carbonate Market Key Players
• Sakai Chemical Industry Co. Ltd.
• Quimica Del Estroncio S.A.
• BassTech International
• Muby Chemicals
• Celtic Chemicals Ltd.
• Zaozhuang Yongli Chemical Co. Ltd.
• Shijiazhuang zhengding Jinshi Chemical Co. Ltd.
• Hebei Xinji Chemical Group Co. Ltd.
• Prakash Brothers
• Guizhou Red Star
• Qinghi Jinrui Group
• Chongqing Yuanhe Fine Chemicals
• Minle Fuyuan Chemical
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