Strontium Market: Demand for Strontium to Surge as Master Alloys Replace Pure Metals across Industries, TMR
Among the limited number of companies operating in the global strontium market , Solvay, Sakai Chemical Industry Co., Ltd., and BassTech International held the dominant share of over 60% in 2015. Among these enterprises, Solvay is backward integrated into the mining of strontium materials. This has intensified the prevailing competition among the leading players. As per Transparency Market Research (TMR), the degree of competition witnessed in the market is expected to remain from medium to high in the coming years. Meanwhile, companies such as Yuxiang Magnetic Materials Ind. Co. Ltd. and KBM Affilips are not directly engaged in the production of strontium. Instead, their activities are focused on the manufacturing of products considered in the downstream application sectors of strontium. “Strategies that these companies adopt to gain competitive edge have a profound impact on the market operations,” said a lead TMR analyst. According to TMR, the global strontium market s...