STRONTIUM BROMIDE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

Strontium bromide is produced from raw strontium hydroxide. Strontium bromide is used in various applications within the production of analytical reagents, water treatment, and manufacturing of flares, and in pharmaceutical industries. The strontium bromide hexahydrate is used in production of pharmaceutical intermediate, for the production of drugs and drugs intermediates. The strontium bromide has been gaining increasing demand in various applications such as in the production of analytical reagents. The high purity and ultra-high purity compositions are known to improve its scientific standards of the analytical reagents for the better use in research and development field.

Market Dynamics:

The strontium bromide is been used as a water treatment chemical. The sustainable management of the water is one of the greatest challenges. The earth’s growing population is increasing the demand for the water for personal, industrial and agricultural use. For instance, according to the report published by semantic scholar in august 2019, the global water demand is projected to increase by 55% between 2000 and 2050. The bromide compound present in the strontium bromide improves the rate of recycling industrial water, the quality of industrial water discharge and the safety of recreational water facilities. Water impurities such as algae, fungi, bacteria and microbes can cause serious threats to both human health and the environment as well as to the safety and effectiveness of the industrial process, water purification, conservation and waste water treatment are process currently implemented in order to ensure an adequate and optimized use of water. Brominated compounds such as strontium bromide has the ability to kill harmful contaminants by combining with bacteria and other living organisms in water. The dissociation of the bromide compound forms hydrobromous acid (HBrO) which is helpful disinfectant properties.

The strontium bromide anhydrous, which is a type of strontium bromide is used as a sedative drug. Sedative drugs are substances that moderate activity and excitement while inducing a calming effect. Antianxiety and sedative drugs are used with a variety of different psychiatric disorders, usually in combination with other medications. In clinical therapeutics, sedative-hypnotics are used for the treatment of variety of diseases that affect the central nervous system, such as chronic and acute anxiety, anaesthesia, seizure control, and insomnia. According to a report by the American Academy of Sleep Medicine in June 2018, approximately one in four people in the U.S. develops insomnia every year. About 30% of the adults in the U.S. have symptoms of insomnia and up to 10% of adults are likely to develop chronic insomnia. Rise in prevalence of sleep disorders among individuals would subsequently lead to uptake of antianxiety drugs, thereby increasing the demand for sedative drugs in the near future. The growing use of sedatives is expected to drive the market growth for the strontium bromide globally.

Key features of the study:

• This report provides an in-depth analysis of the global strontium bromide market, and provides market size (US$ Million and Tons) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global strontium Bromide market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Shanghai Xinbao Fine Chemical, Chongqing Huaqi Fine Chemical, S.K. Chemical, Axiom Chemicals, Barium Chemicals, ProChem, Inc., Celtic Chemicals Ltd., City Chemical, Thermo Fisher Scientific Inc., Otto Chemie Pvt., Ltd., Vizag Chemicals, ACS Chemicals and Morre-Tec Industries, Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global strontium bromide market report caters to various stakeholders in this industry including investors, suppliers, extruded aluminum profiles manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global strontium bromide market

Detailed Segmentation:

• Global Strontium Bromide Market, By Type:
  • Strontium Bromide Hexahydrate
  • Strontium Bromide Anhydrous
• Global Strontium Bromide Market, By Application:
  • Analytical Reagents
  • Pharmaceuticals
  • Water Treatment
  • Others (Flares, etc.)
• Global Strontium Bromide Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • Shanghai Xinbao Fine Chemical*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Chongqing Huaqi Fine Chemical
  • S.K. Chemical
  • Axiom Chemicals
  • Barium Chemicals
  • ProChem, Inc.
  • Celtic Chemicals Ltd.
  • City Chemical
  • Thermo Fisher Scientific Inc.
  • Otto Chemie Pvt., Ltd.
  • Vizag Chemicals
  • ACS Chemicals
  • Morre-Tec Industries, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.