Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By Grade (Electronic Grade, Industrial Grade), By Application (Bone Health, Frit Manufacturing, Novel Nanoparticle, Fireworks Manufacturing, Pyrotechnics, Ceramics, Electromagnets, Others) And Competitive Landscape
Product Code: ETC13190262 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Strontium carbonate Market was valued at USD 0.5 Billion in 2024 and is expected to reach USD 0.7 Billion by 2031, growing at a compound annual growth rate of 5.00% during the forecast period (2025-2031).
Report Name | Global Strontium Carbonate Market |
Forecast Period | 2025-2031 |
Market Size | USD 0.7 Billion by 2031 |
CAGR | 5% |
Growing Sector | Ceramics and Glass Industry |
The Global Strontium Carbonate Market report thoroughly covers the market by Grade, Application and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The global strontium carbonate market growth has been rising due to its widespread usage in multiple industries, such as glass manufacturing, electronics, ceramics, and fireworks. Strontium carbonate plays a crucial role in producing glass, high-quality pigments, and certain battery components. The market is increasing due to rising demand in developing technologies and sectors such as renewable energy and electric vehicles. Strontium carbonate is gaining popularity owing to its unique properties of improving materials like durability and brightness. China is the prominent player in this market in the developing Asia Pacific region.
Global Strontium Carbonate Market is expected to grow at a significant CAGR of 5% during the forecast period 2025-2031. The increasing demand for global strontium in glass, ceramics, and electronics is fueling the rapid growth of the global strontium carbonate market due to it improves material properties like durability and brightness. The market development is also expanding as the use of strontium carbonate in producing high-quality pigments and in the fireworks industry is increasing. Furthermore, the extensive use of strontium compounds in the electric vehicle production and renewable energy applications is boosting the demand in the market. The major key driver driving the growth of the market is industrial expansion, mainly in the emerging Asia-Pacific region.
The global strontium carbonate market faces several challenges, even with the steady growth. Issues like shifting raw material prices, mainly for strontium ores, are impacting the production costs, hampering the growth of the market. Furthermore, the extraction of strontium and mining create challenges regarding sustainability and regulations due to environmental concerns. The market is significantly influenced by the performance of key sectors like electronics and ceramics. As it becomes increasingly prone to economic slowdowns. Furthermore, in certain regions, the market stability and growth are hampered owing to partial availability of superior strontium capital.
The trends in the global strontium carbonate market are shifting towards eco-friendly applications and sustainable production, which is being driven by environmental guidelines. The advanced technologies like renewable energy systems and electric vehicle batteries, are gaining popularity, boosting the demand. Furthermore, the shifting of ceramics and glass sectors towards durable materials, higher-quality increasing the widespread usage of strontium. Trends are also evolving due to the active expansion of the fireworks market and innovations in strontium-based pigments. The Asia-Pacific region is still the key hub for consumption and production.
The Global Strontium Carbonate Industry market offers promising Investment opportunities in various sectors due to the steady growth. Developing sectors like renewable energy, electric vehicles, and high-quality ceramics are offering opportunities. Investors can explore companies emphasising eco-friendly production and sustainable extraction approaches that leverage regulatory variations. Moreover, the growth potential is offered by investing in the development of new strontium-based technologies, like specialised electronics or advanced pigments. In emerging markets, increasing demand in Asia-Pacific, mainly in China, creates opportunities for regional investments in distribution networks and production facilities to address local market requirements.
Leading players leading through their global presence, large-scale production, and innovation in strontium applications in the global strontium carbonate market include Kaneka Corporation, American Elements, Solvay, Yunnan Tin Company, and Fujian Yinhua Strontium Co., Ltd.
Governments have been launching various guidelines in the global strontium carbonate market to ensure safety and environmental sustainability. In emerging regions with high strontium manufacturing mandate strict guidelines oversee mining practices to decrease environmental impact. Guidelines are being introduced to protect ecosystems and workers by imposing restrictions on the disposal of strontium-based chemicals and ensuring safe handling. Furthermore, to guarantee consumer safety for the usage of strontium in products such as ceramics and pigments, many emerging countries are implementing rules. Factors such as adopting cleaner, more sustainable production methods regarding global environmental concerns are driving the pressure in the market.
The global strontium carbonate market growth seems promising in the future. In the coming years, the increasing demand in advanced sectors like renewable energy, electric vehicles, and high-performance ceramics will drive future growth. As industries are shifting towards more eco-friendly production and sustainable methods, innovation in extraction and processing technologies will be crucial. In specialised applications such as strontium-based batteries and pigments, the demand for strontium is expected to increase. In developing markets and Asia-Pacific, the market will witness steady growth in the coming years due to active industrial growth.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The ceramics and glass industry dominates the global strontium carbonate market, which accounts for a large share of demand. Strontium carbonate plays a crucial role in producing high-quality glass, ceramics, and pigments, as it improves durability, brightness, and colour of the material.
According to Mansi Kaushik, Senior Research Analyst, 6Wresearch, Asia-Pacific continue to dominate the global strontium carbonate market, led by China, which is a major consumer and producer. Driven by a strong industrial base, mainly in glass, ceramics, electronics, and fireworks.
The market report provides a detailed analysis of the following market segments:
Global Strontium carbonate Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Strontium carbonate Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Strontium carbonate Market Revenues & Volume, 2021 & 2031F |
3.3 Global Strontium carbonate Market - Industry Life Cycle |
3.4 Global Strontium carbonate Market - Porter's Five Forces |
3.5 Global Strontium carbonate Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Strontium carbonate Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Global Strontium carbonate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Strontium carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Strontium carbonate Market Trends |
6 Global Strontium carbonate Market, 2021 - 2031 |
6.1 Global Strontium carbonate Market, Revenues & Volume, By Grade, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Strontium carbonate Market, Revenues & Volume, By Electronic Grade, 2021 - 2031 |
6.1.3 Global Strontium carbonate Market, Revenues & Volume, By Industrial Grade, 2021 - 2031 |
6.2 Global Strontium carbonate Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Strontium carbonate Market, Revenues & Volume, By Bone Health, 2021 - 2031 |
6.2.3 Global Strontium carbonate Market, Revenues & Volume, By Frit Manufacturing, 2021 - 2031 |
6.2.4 Global Strontium carbonate Market, Revenues & Volume, By Novel Nanoparticle, 2021 - 2031 |
6.2.5 Global Strontium carbonate Market, Revenues & Volume, By Fireworks Manufacturing, 2021 - 2031 |
6.2.6 Global Strontium carbonate Market, Revenues & Volume, By Pyrotechnics, 2021 - 2031 |
6.2.7 Global Strontium carbonate Market, Revenues & Volume, By Ceramics, 2021 - 2031 |
6.2.8 Global Strontium carbonate Market, Revenues & Volume, By Electromagnets, 2021 - 2031 |
6.2.9 Global Strontium carbonate Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Strontium carbonate Market, Overview & Analysis |
7.1 North America Strontium carbonate Market Revenues & Volume, 2021 - 2031 |
7.2 North America Strontium carbonate Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Strontium carbonate Market, Revenues & Volume, By Grade, 2021 - 2031 |
7.4 North America Strontium carbonate Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Strontium carbonate Market, Overview & Analysis |
8.1 Latin America (LATAM) Strontium carbonate Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Strontium carbonate Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Strontium carbonate Market, Revenues & Volume, By Grade, 2021 - 2031 |
8.4 Latin America (LATAM) Strontium carbonate Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Strontium carbonate Market, Overview & Analysis |
9.1 Asia Strontium carbonate Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Strontium carbonate Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Strontium carbonate Market, Revenues & Volume, By Grade, 2021 - 2031 |
9.4 Asia Strontium carbonate Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Strontium carbonate Market, Overview & Analysis |
10.1 Africa Strontium carbonate Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Strontium carbonate Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Strontium carbonate Market, Revenues & Volume, By Grade, 2021 - 2031 |
10.4 Africa Strontium carbonate Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Strontium carbonate Market, Overview & Analysis |
11.1 Europe Strontium carbonate Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Strontium carbonate Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Strontium carbonate Market, Revenues & Volume, By Grade, 2021 - 2031 |
11.4 Europe Strontium carbonate Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Strontium carbonate Market, Overview & Analysis |
12.1 Middle East Strontium carbonate Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Strontium carbonate Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Strontium carbonate Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Strontium carbonate Market, Revenues & Volume, By Grade, 2021 - 2031 |
12.4 Middle East Strontium carbonate Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Strontium carbonate Market Key Performance Indicators |
14 Global Strontium carbonate Market - Export/Import By Countries Assessment |
15 Global Strontium carbonate Market - Opportunity Assessment |
15.1 Global Strontium carbonate Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Strontium carbonate Market Opportunity Assessment, By Grade, 2021 & 2031F |
15.3 Global Strontium carbonate Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Strontium carbonate Market - Competitive Landscape |
16.1 Global Strontium carbonate Market Revenue Share, By Companies, 2024 |
16.2 Global Strontium carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |