LONDON--(BUSINESS WIRE)--The strontium market is expected to grow by 34.10 thousand MT during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the strontium market in optimistic, probable, and pessimistic forecast scenarios.
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The strontium market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to decrease as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the next normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Strontium Market Participants:
American Elements
American Elements operates the business through various segments such as Additive Manufacturing and 3D printing materials, Alloys and alloy forms, Battery and supercapacitor materials, Catalysts, Ceramics, and Others Products. The company offers Strontium. This product is offered as compounds in metallic forms, alloys, oxide forms, organometallics, nanomaterials, isotopes, and sputtering targets.
Chemalloy Co. Inc.
Chemalloy Co. Inc. operates the business through the Unified segment. The company offers Strontium Carbonate and Strontium Fluoride.
Grupo Fertiberia
Grupo Fertiberia operates the business through various segments such as Agriculture, Gardening, Industry, and Engineering. The company offers product includes strontium nitrate, strontium carbonate, and strontium chloride.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/strontium-market-industry-analysis
Strontium Market 2020-2024: Segmentation
Strontium market is segmented as below:
-
End-user
- Ferrite Ceramic Magnets
- Pyrotechnics
- Others
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Geography
- APAC
- North America
- Europe
- South America
- MEA
The strontium market is driven by the growing demand for ferrite magnets. In addition, other factors such as environment-friendly oxidizers are expected to trigger the strontium market toward witnessing a CAGR of over 3% during the forecast period.
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Market Drivers
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Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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