Strontium is an alkaline earth metal which is soft yellowish or silver-white that is highly reactive. Strontium has chemical and physical properties that are similar to that of calcium and barium. Strontium is naturally found in the various minerals such as strontianite, putnisite and Celestine. Strontium is widely used to manufacture the cathode ray tubes that are used in the television sets. Strontium finds its major application in the electrical and electronics market.
The growing CRT glass industry is expected to boost the overall growth of the strontium market. CRT glass industry is the largest end-use segment of the strontium market. The growing electronics market is expected to boost the demand for strontium carbonate which in turn is further expected to augment the overall strontium market. The electronics industry is expected to be the fastest growing end-use industry for the strontium market and in the next five years, it is expected to be the largest consumer of strontium.
Asia Pacific is expected to be the largest strontium market owing to the presence of huge production capacity of strontium especially in China. However, the continuing development for the flat screen television is hampering the overall strontium market especially in Europe and the North America. The rising slide in the demand for strontium mainly due to the growth in the flat screen television has boosted the consumption of strontium in various other end-use industries. Many companies are now optimizing their allocation of resources and also scaling their production capacities which are further expected to boost the competitiveness and thus, the overall growth of the strontium market. The overall production of strontium is expected to increase especially in China.
Key participants of the global strontium market include Sakai Chemical Industry, Evonik Degussa GmbH and Solvay & CPC Barium Strontium GmbH & Co. KG among others.
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