Strontium: A Global Strategic Business Report
San Jose, CA (PRWEB) October 29, 2008
Strontium compounds and metals are produced in facilities based in Canada, China, Germany, Japan, the Republic of Korea, Mexico, Poland, the United States and the former Soviet Union. China is fast emerging as a major producer of strontium, and production in the region has been growing at a rapid pace over the past few years. In China, over 20 companies carry out production of strontium carbonate with total annual capacity of 289,000 tons.
Though the Chinese total strontium carbonate production capacity is huge, a large number of individual manufacturers have small production capacities coupled with obsolete technologies. Optimizing the allocation of resources and scaling up production capacity are essential to boost competitiveness in the global strontium carbonate market in a situation of intensifying competition.
Asia-Pacific is the largest strontium market in the world and is projected to cross 455 thousand metric tons by the year 2012, as stated by Global Industry Analysts, Inc. In terms of end-use applications, CRT glass industry is the largest end-use segment for strontium and is projected to exceed 387 thousand metric tons by the year 2012. Electronics industry is the fastest growing end-use market for strontium and is projected to expand at a CAGR of more than 4% during the five-year analysis period, 2008-2012.
Owing to the rising pervasiveness of flat-panel TV monitors, the US strontium carbonate demand for CRT faceplate glass has literally vanished though the demand continues to be strong worldwide. The US color television CRT facilities have been moved overseas resulting in the shutting down of US television glass facilities to eliminate the once flourishing US market. The continuing development of flat-panel technology is causing a steady fall in strontium carbonate demand for use in television displays, particularly in Europe and North America. Due to the slide in demand from CRT glass, other end-use markets currently represent bigger shares in strontium use.
Key players dominating the global strontium market include Evonik Degussa GmbH, Sakai Chemical Industry Co. Ltd., and Solvay & CPC Barium Strontium GmbH & Co. KG.
The report titled "Strontium: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of key end-use markets, product launches, and recent industry activity. The study also analyzes market data and analytics in volume sales for major geographic regions including the US, Canada, Japan, France, Germany, UK, Italy, Spain, Russia, Asia-Pacific, Middle East, and Latin America by the following end-use segments - CRT Glass, Electronics, Pyrotechnics, Pigments and Fillers, Zinc, and Others.
For more details about this research report, please visit http://www.strategyr.com/Strontium_Market_Report.asp
About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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