Strontium Chloride Market, By Form (Hexahydrate and Anhydrous), By Application (Pyrotechnics, Glass and Ceramics, Metal Production, Pharmaceuticals, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024

Code : CMI7286

Pages :135

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market Concentration and Competitive Landscape

Strontium Chloride Market Concentration By Players

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Rising demand from paints & coatings industry

The paints and coatings industry has been showing healthy growth trends mainly attributed to broadening construction activities around the world. Strontium chloride finds wide application as a drying agent in industrial paints and coatings owing to its unique dehydration properties. When used in paint formulations, it effectively removes water from the wet film and accelerates the drying process.

Strontium chloride exhibits excellent drying behavior without compromising on other paint qualities. It promotes faster drying even at low concentrations and in thin films. The drying rate it provides is sufficient for versatile applications yet not too rapid to create application issues. Additionally, its non-toxic nature makes it a safer substitute to traditionally used toxic drying agents like lead compounds. With growing environmental awareness, manufacturers are increasingly shifting towards greener product lines, generating ample opportunities for alternative drying agents like strontium chloride.

Rising disposable incomes in developing economies have also fueled the consumer demand for decorative paints and improved infrastructure. This has prompted architects as well as homeowners to refurbish and upgrade more frequently using enhanced aesthetics and protective coatings. The expanding commercial construction space including warehouses, malls, and office buildings further expands the market scope. Protective industrial coatings also observe widespread requirement across various process industries for equipment, machinery as well as large-scale civil applications.

As the need to extend asset life rises alongside more stringent regulation, high-performance coatings are gaining ground. Sophisticated formulations relying on strontium chloride allow developing maintenance-free coatings exhibiting anti-corrosive, anti-microbial, and self-cleaning properties. Its integration enables formulating environment-friendly coatings for applications such as anti-fouling, preservative, and wood finishes.

Key Players Insights