Strontium is a naturally occurring silvery metal that is non-radioactive. The bones contain the majority of the strontium that is present in the human body. The most common kind of strontium found in dietary supplements is strontium chloride, which is used as medicine in a variety of ways.
By the end of 2030, the global strontium bromide market is anticipated to generate more than US$ 4.91 million in revenue, with a CAGR of 5.3% over the forecast period (2022 to 2030)
.jpg "The Global Strontium Bromide Market 2020-2030 (USD Million)")
Covid 19 Impact & Market Status
Both the direct and indirect effects of COVID-19 on this market as well as other industries have been observed. This study looks at the influence of the pandemic on the Strontium Bromide market on a worldwide and regional scale. To assess market size, market characteristics, and market growth, the report categorises the Strontium Bromide industry by type, application, and consumer sector. It also looks at the factors that drove market growth before and after the Covid-19 outbreak.
Market Overview
COVID- In the early half of 2020, 19 illness began to spread around the world, sickening millions of people and causing major nations to enact work stoppage and foot restrictions. With the exception of medical supplies, life support items, and the strontium bromide industry, the majority of industries have suffered substantial effects. The worldwide market size of Strontium Bromide increased by 0.008 in the last several years, reaching 225.0 million $ in 2020, up from 216.0 million $ in 2021
The two types of strontium bromide that are available on the market are strontium bromide hexahydrate and strontium bromide anhydrous. The Strontium Bromide Hexahydrate category, which has the largest market share, is expected to grow rapidly and dominate the global market throughout the projection period.
The chemical compound strontium bromide (SrBr2) has the formula SrBr2. It's a white, odourless, crystalline powder at room temperature.
SrBr2 is presently only manufactured at a laboratory scale, rendering it unsuitable for large-scale use. By adapting and simplifying current procedures, a route for cost-effective industrial scale manufacture of SrBr2, of potentially reduced purity but still fit-for-purpose, is pursued in this work. One such modified procedure is presented and empirically explored based on literature. The strontium carbonate, SrCO3, is produced using this method using celestine ores (SrSO4) found in Spain. Ammonium sulphate, a useful by-product of the process, is produced. It was discovered that HBr may create SrBr2 with a purity of up to 97.6%. SrBr2 has a climate change contribution of 0.052 kg CO2 eq./kWh stored, according to a simplified LCA based on its manufacture. These encouraging findings suggest that hygroscopic salts might be a viable long-term option for recovering solar and/or extra industrial heat.
The global Strontium Bromide market was worth USD million in 2022, and it is predicted to reach USD million by the end of 2029, with a CAGR of 6.6 percent between 2022 and 2029.
Celtic, Shanghai Xinbao Fine Chemical, Chongqing Huaqi Fine Chemical, S.K. Chemical, Axiom Chemicals, Barium Chemicals and ProChem City Chemical are the top key player operating in the market.
Latest Innovation in the Global Strontium Bromide Market: A Snapshot
The Strontium Bromide market has made a significant contribution to the global economy and has strengthened the parent company. The current state of the combined business is determined by advanced reports and examinations that have been completed. It is anticipated to aid clients in the development of transactions and, as a result, the strengthening of their portfolio.
Strontium Bromide Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 4.91 million |
| Growth Rate | CAGR of 5.3 % during 2020-2030 |
| Segment Covered | Type, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Celtic, Shanghai Xinbao Fine Chemical, Chongqing Huaqi Fine Chemical, S.K. Chemical, Axiom Chemicals, Barium Chemicals and ProChem City Chemical |
Key Segments of the Strontium Bromide Market
Type Overview (USD Million)
- Strontium Bromide Anhydrous
- Strontium Bromide Hexahydrate
Application Overview (USD Million)
- Analytical Reagents
- Pharmaceutical
Regional Overview (USD Million)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The application of the Strontium Bromide market are Analytical Reagents and Pharmaceutical.
Celtic, Shanghai Xinbao Fine Chemical, Chongqing Huaqi Fine Chemical, S.K. Chemical, Axiom Chemicals, Barium Chemicals and ProChem City Chemical.
The Strontium Bromide market is growing at a CAGR of 5.3% over the forecast period.