Report Code: A08223 | Pages: NA | Mar 2023 | 784 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Strontium Chloride Market
Request Now !Strontium chloride (SrCl2) is a salt of strontium and chloride, which can be prepared by treating strontium hydroxide or strontium carbonate with hydrochloric acid. Strontium chloride is an antibacterial drug. It works by strengthening the teeth and decreasing the effects of acid and bacteria on the teeth. In addition, it facilitates natural repair process of tooth and prevents the growth of dental cavities. Similar to all compounds of Sr, this salt emits a bright red color in a flame, and therefore is used as a source of redness in fireworks.
The emergence of COVID-19 has primarily created a substantial supply–demand gap in the global strontium chloride market. This is attributed to refrained strontium chloride extraction events and resulting supply crunch in the market. China is the largest producer of strontium chloride. However, China is known as the epicenter of the coronavirus; therefore, lockdown in China has created supply barriers, thus resulting in increase in overall prices across the globe.  Â
Strontium chloride is used in medial and related applications, and is commonly found as a dietary supplement. In addition, strontium chloride is used as an organic synthetic catalyst, corrosion inhibitor for aluminum, and electrolytic metal sodium flux. Thus, diversity in the existing applications is a major factor driving the growth of the global market. In addition, increase in popularity of strontium chloride in medical as well as metallurgical applications is the primary factor propelling the growth of this market. On the other hand, the growth of this market is restrained by the availability of alternative to strontium chloride.
Strontium chloride is used as and antibacterial drug. It strengthens the teeth and reduces the effects of acid and bacteria on teeth. It is known for inhibiting the growth of the dental cavities, therefore, increase in dental issues acts a key driving force of the global strontium chloride market.
Asia-Pacific is expected to be the largest regional market for strontium chloride. This is attributed to the large availability of strontium chloride in this region. Furthermore, increase in extraction projects in China is expected to strongly boost the demand for strontium chloride due to its easy availability. Â Â Â
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Strontium Chloride Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Sakai Chemical Industry Co. Ltd., BassTech International, Canteras Industriales Sl, Solvay, ProchemInc., QuÃmica del Estroncio S.A, Hebei Xinji Chemical, Jinyan Strontium Industry, Yuanhe Fine Chemical, Furun Chemical |
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