Strontium Bromide Market
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:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Detailed Segmentation:
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