How Big is the Strontium Market | Industry Trends & Forecast 2025

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Code: MTA9025

Publication Date: Sep 2025

How Big is the Strontium Market?

According to 6Wresearch internal database and industry insights, the Global Strontium Market was valued at USD 0.3 Billion in 2024 and is expected to reach USD 0.4 Billion by 2031, growing at a compound annual growth rate of 3.70% during the forecast period (2025-2031).

The market is driven by rising demand in electronics, ferrite magnets, pyrotechnics, glass, and ceramics applications and along with increasing adoption of high-purity strontium products across various industries.

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Key Growth Drivers of the Strontium Market

Rising usage in ferrite magnets for electronics and renewable energy applications
Technological advancements in production and purification methods
Rising demand in automotive, energy storage, and high-performance materials
Growth in glass, ceramics, and specialty chemical industries is increasing adoption.
Rising applications in pyrotechnics and refining processes.

Strontium Market Trends

Strontium Market is witnessing notable growth with key trends such as increasing adoption in ferrite magnets and electronics components. Use in specialty glasses, ceramics, and advanced materials is rising. The market is seeing innovations in high-purity and fine particle-grade strontium products. Integration in pyrotechnics and fireworks for enhanced performance is growing. Lightweight and high-strength material demands in automotive and aerospace are increasing. Focus on eco-friendly and efficient production methods that are becoming more common. Applications for energy storage and battery materials are growing rapidly. Partnerships between chemical suppliers and end-use industries are driving product integration.

Emerging Developments in the Strontium Market

Strontium Market is accelerating with advancements in high-purity and nano-grade strontium products. New applications in energy storage, magnets, and electronics are constantly being developed. Cost-effective extraction techniques and sustainable production are receiving more and more funding. Specialty glass, ceramics, and coatings application research is accelerating. Collaborations between chemical manufacturers and technology companies are expanding. Focus on environmental compliance and low-impact production methods is rising. Expansion of regional supply facilities is strengthening market access. Growth is being aided by innovations in new formulations, purity improvement, and particle size control.