Global Strontium Market Size By Product, By Application, By Geographic Scope And Forecast
Strontium Market Size And Forecast
Strontium Market was valued at USD 424.9 Million in 2019 and is projected to reach USD 671.9 Million by 2027, growing at a CAGR of 5.9 % from 2020 to 2027.
Global Strontium Market Outlook
One of the key drivers correlated with the growth of the strontium market is its use in the dental industry to prepare tooth sensitive paste. It is also utilized in preventing tooth decay, which generates abundant opportunities for the strontium market size in the predicted period. Additionally, strontium ranelate is registered as a prescription drug in many countries to lessen the risk of vertebral and hip fractures. It can enhance bone formation and prevent bone loss when used in postmenopausal women with osteoporosis. This form of strontium is often used in killing cancer cells and is expected to bring new opportunities for the product market share in the medical and dental industry over the estimated period. The high cost associated with strontium and side effects of strontium on health might hamper the strontium market growth globally.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Strontium Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Strontium Market Competitive Landscape
The Global Strontium Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Basstech International, Canteras Industriales, S.L., Chemalloy, Joyieng Chemical Limited, Noah Technologies Corporation, Pro Chem, Inc., QUMICA DEL ESTRONCIO, S. A., Sakai Chemical Industry Co., Ltd., Shenzhou Jiaxin Chemical Co., Ltd., Solvay S.A., and Others.
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