Stratview Research has recently published a report on the Strontium Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

The market is segmented by Product Type (Strontium Carbonate, Strontium Sulfate, and Strontium Nitrate), by Application Type (Electrical & Electronics, Pyrotechnic, Medical & Dental, Personal Care, and Paints & Coatings), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Strontium Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Strontium Market is estimated to grow from USD 377.78 million in 2021 to reach USD 582.36 million by 2028 at a CAGR of 6.27% during the forecast period.

Some of the companies drive the market growth:

• 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.

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Regional Analysis

Asia-Pacific is estimated to be the leading region in the market owing to the gradual increase in the usage of strontium and its compounds in the electrical and electronics and pyrotechnic industries in the APAC countries. The availability of massive celestine mineral reserves in China is also expected to fuel the regional market progress over the assessment period. Europe and North America are also expected to offer substantial progress opportunities during the forecast period.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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