The latest research report, “Strontium Chloride Market “, covers various aspects of the industry, including market size, status, trends, and future insights for the next 10 years. It provides a detailed analysis of competitors and key market drivers, highlighting growth opportunities. The report includes analysis of top players, revenue streams, CAGR status, as well as SWOT and PESTLE analysis for each geographic region. This comprehensive research combines qualitative and quantitative data from primary and secondary sources. It aims to provide an in-depth understanding of the current market scenario and the impact of COVID-19 on the industry. The report thoroughly examines each segment of the market.
The global strontium chloride market size was valued at $26.92 million in 2019 and is projected to reach $34.73 million by 2026, registering a CAGR of 5.22% from 2020 to 2026. Strontium chloride is commonly used in the manufacturing of glass for LCD-TFT screens. It is also used in the manufacturing of strontium ferrites for permanent magnets. Strontium chloride is used for the formulation of high purity strontium salts, pigments. Another use is as an inexpensive colorant in fireworks. Strontium and its salts emit a brilliant red color in flame. Strontium chloride is also used in the production of toothpaste for tooth sensitivity.
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Strontium chloride is an inorganic compound with the formula SrCl2. It is used as a raw material to obtain other strontium compounds. Strontium chloride is also used as a coloring agent (red) in glass making and metallurgy. As one of the safest metals found in fireworks, strontium chloride is used as a source of redness. Strontium chloride is also found in some toothpastes intended to reduce tooth sensitivity. It forms a barrier over the nerve endings in tooth dentin that is exposed by receding gums.
The strontium chloride market is segmented on the basis of product, application, and region. The report offers a breakdown of market shares by product, including Strontium Chloride Hexahydrate, Strontium Chloride Anhydrous. By application, the strontium chloride market is classified into Optical Glass, Magnetic Materials, Pigments, Fine Chemicals, Fireworks, Personal Care, Pharmaceuticals. On the basis of region, the strontium chloride industry is analyzed across North America, Europe, Asia-Pacific, South America and MEA (the Middle East, and Africa).
Some of the leading players profiled in the report include:
Shenzhou Jiaxin Chemical Co., Ltd.
Chongqing Yuanhe Fine Chemicals Inc.
Chongqing Newcent New Material Co., Ltd.
Tianjin Nanping Chemical Co., Ltd.
Chongqing Hua’nan Inorganic Salt Chemical Co.,Ltd.
Qingdao Yifengyuan Chemical Co.,Ltd.
Solvay S.A.
Sakai Chemical Industry Co., Ltd.
Bernardy S.A.S.
Shanghai Xinbao Fine Chemical Factory
By Product:
Strontium Chloride Hexahydrate
Strontium Chloride Anhydrous
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By Application:
Optical Glass
Magnetic Materials
Pigments
Fine Chemicals
Fireworks
Personal Care
Pharmaceuticals
By region,
North America (U.S., Canada, Mexico, etc.)
Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)
Research Objective
To analyze and forecast the market size of global strontium chloride market.
To classify and forecast global strontium chloride market based on product, application, and region.
To identify drivers and challenges for global strontium chloride market.
To examine competitive developments such as expansions, mergers & acquisitions, etc., in global strontium chloride market.
To conduct pricing analysis for global strontium chloride market.
To identify and analyze the profile of leading players operating in global strontium chloride market.
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The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Key target audience are:
Manufacturers of strontium chloride
Raw material suppliers
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to strontium chloride
What are the goals of the report?
- The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
- The paper also analyses market sizes in the past and present.
- The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
- The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
- The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
- The study examines the future period’s growth rate, market size, and market worth.
PEST Factors:
Political factor
- What government policies or political groups could benefit or harm our success?
- Is the political environment stable, or is it likely to change?
- When are the following local, state, or national elections in the country? How might this change government or regional policy?
- Who are the most likely contenders for power? What are your views on trade policy and other policies that affect the organization?
- How well developed are property rights and the rule of law, and how widespread are corruption and organized crime? How are these situations likely to change, and how is this likely to affect you?
- Could any pending legislation or tax changes affect your business positively or negatively?
- How will business regulation, along with any planned changes, affect your business? And is there a trend towards regulation or deregulation?
- How does the government address corporate policy, corporate social responsibility, environmental issues, and customer protection legislation? What impact does this have, and is it likely to change?
- What is the likely timeline for the proposed legislative changes?
- Are there other political factors that could change?
Economic factor
- What economic factors will affect us in the future?
- How does the performance of the economy affect us right now?
- How are our prices, income, and costs affected by each economic factor?
- How stable is the current economy? Is it growing, stagnant, or declining?
- Are the key exchange rates stable, or do they vary significantly?
- Are customers’ disposable income levels rising or falling? How is this likely to change in the coming years?
- What is the unemployment rate? Will it be easy to build a skilled workforce? Or will it be expensive to hire skilled labor?
- Do consumers and businesses have easy access to credit? If not, how will this affect your organization?
- How is globalization affecting the economic environment?
- Are there other economic factors I should consider?
Social factor
- How do the beliefs and values of our customers influence their buying habits?
- How do cultural trends and human behavior play a role in our business?
- What are the population growth rate and age profile? How likely is this to change?
- Are generational changes in attitude likely to affect what you’re doing?
- What are the levels of health, education, and social mobility in your society? How are they changing and what impact does this have?
- What employment patterns, labor market trends, and attitudes toward work can you observe? Are they different for each age group?
- What social attitudes and taboos could affect the business? Have there been recent socio-cultural changes that could affect this?
- How do religious beliefs and lifestyle choices affect the population?
- Are other sociocultural factors likely to drive change for your business?
Technological factor
- What technological advances and innovations are available or in the works?
- How will this technology impact our operations?
- Is there any new technology you may be using?
- Are new technologies on the horizon that could radically affect your work or industry?
- Do any competitors have access to new technologies that could redefine their products?
- In what areas do governments and educational institutions focus their research? Is there anything I can do to take advantage of this?
- How have infrastructure changes affected work patterns (for example, levels of remote work)?
- Are there existing tech hubs you could work with or learn from?
- Are there other technology factors I should consider?
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