Market Overview

Global Strontium Market 2018-2022| Environment-friendly Oxidizers to Enhance Growth| Technavio


The global strontium market is expected to post a CAGR of nearly 5%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global strontium market from 2018-2022.  ...

Technavio has published a new market research report on the global strontium market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growing demand for
ferrite magnets. Permanent magnets retain their magnetic properties even
in the absence of inducing field or current. The global permanent
magnets market is being driven by the modernization of infrastructure,
technological development, increasing demand for efficient and
miniaturization, and low cost. The permanent magnets can be classified
into neodymium iron boron, samarium cobalt, alnico, and ferrite magnets.

This market research report on the global
strontium market 2018-2022
also provides an analysis of the most
important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

In this report, Technavio highlights the advent of environment-friendly
oxidizers as one of the key emerging trends in the global strontium

Global strontium market: Environment-friendly

Strontium nitrate is an acid salt of strontium, which is used as an
oxidizer and colorant in fireworks. Oxidizers are one of the raw
materials used in fireworks, which are the major contributors toward
increasing pollution. The oxidizers feature high levels of oxygen and
thus are used to set fire to different mixtures of fireworks. It is
vital to use greener alternatives in place of current raw materials of
the fireworks for a greener environment.

"Barium nitrate and strontium nitrate are common examples of
oxidizers. However, strontium nitrate is hygroscopic, and hence it
immediately absorbs water vapor from the air. If fireworks equipment
containing such a compound are stocked for a long time, they are likely
to become damp and will fail to ignite,"
says a senior analyst at
Technavio for research on metals and minerals.

Global strontium market: Segmentation analysis

This market research report segments the global strontium market by
end-user (ferrite ceramic magnets and pyrotechnics/fireworks) and
geographical regions (APAC, EMEA, and the Americas).

The ferrite ceramic magnets segment held the largest market share in
2017, accounting for nearly 34% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of nearly 36% of
the market share. The market share occupied by this region is
anticipated to decrease during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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