Strontium Market to reach $650mn by 2025 Strontium Market

Global Strontium Market to reach $650mn by 2025:
Global Market Insights Inc.
Strontium Market to exceed USD 650 million by 2025.Strong demand for pyrotechnic
operations in Asia Pacific is projected to propel the strontium market with a CAGR
over 6.5% in the projected time period. The increasing use of firecrackers, on festive
occasions in countries such as India and China is a prominent factor towards high
regional product demand. Other than that, these pyrotechnic activities are
extensively utilized in various entertainment activities such as in cinemas,
ceremonies, concerts, and sports events, directly augmenting the strontium market
size.
The mineral is also required in the making of cathode ray tubes (CRT) that are used
in television sets and computer monitors. It is broadly used in electronics industry
due to its exceptional mechanical and thermodynamic properties. The increasing
product application in the electronics industry to manufacture CRT will significantly
contribute towards high strontium market demand in coming years.
Strontium Market
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