Product Code: ETC13156851 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
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 global strontium market is experiencing steady growth, driven primarily by the increasing demand for strontium compounds in various industries such as electronics, pyrotechnics, and ceramics. Strontium is widely used in the production of cathode ray tubes (CRTs) for televisions and computer monitors, as well as in the manufacture of flares and fireworks due to its vibrant red color when burned. Additionally, strontium carbonate is utilized in the production of ferrite magnets, which are essential components in electronic devices. The market is also influenced by the growing adoption of strontium as an additive in toothpaste and dietary supplements for its bone-strengthening properties. However, factors such as stringent environmental regulations and fluctuations in raw material prices may impact market growth in the coming years.
The Global Strontium Market is experiencing steady growth driven by the increasing demand for strontium compounds in various industries such as electronics, ceramics, and pyrotechnics. The market is witnessing a rising interest in strontium-based products due to their unique properties such as high heat resistance and luminescence. Additionally, the growing adoption of strontium carbonate in the production of glass for television screens and smartphones is further fueling market growth. Furthermore, the expansion of the energy storage sector, particularly in electric vehicles and renewable energy applications, is creating new opportunities for strontium compounds in battery technologies. Overall, the Global Strontium Market is poised for continued expansion, with opportunities for innovation and diversification in product offerings to meet the evolving needs of various end-use industries.
The Global Strontium Market faces several challenges, including fluctuating prices of raw materials, regulatory constraints related to environmental concerns, and competition from alternative materials. The volatility in raw material prices, such as celestite and strontium carbonate, can impact the overall production costs and profit margins for strontium manufacturers. Additionally, stringent regulations regarding environmental impacts of strontium mining and processing can pose challenges for companies operating in the market. Moreover, the availability of substitutes like calcium and barium compounds in various applications can hinder the growth of the strontium market. To navigate these challenges, companies in the Global Strontium Market need to focus on innovation, sustainable practices, and strategic partnerships to maintain a competitive edge and drive growth.
The Global Strontium Market is primarily driven by the increasing demand for strontium compounds in a wide range of applications such as electronics, ceramics, pyrotechnics, and paints. The growing use of strontium in the manufacturing of glass for flat-panel displays and LED lighting systems is also contributing to market growth. Additionally, the rising adoption of strontium carbonate in the production of ferrite magnets for automotive and electronics industries is fueling market expansion. Furthermore, the increasing focus on strontium as a key component in radioactive isotope production for medical applications is expected to drive market demand further. Overall, the market is propelled by the versatility and diverse applications of strontium compounds across various industries.
Government policies related to the Global Strontium Market vary across countries but generally focus on environmental regulations, trade agreements, and mining rights. Many countries have strict regulations in place to control the extraction and processing of strontium due to its potential environmental impact. Additionally, trade agreements and tariffs can affect the import and export of strontium products, influencing market dynamics. Governments also play a role in granting mining rights and licenses to companies for strontium extraction, which can impact supply levels and prices in the market. Overall, government policies play a significant role in shaping the Global Strontium Market by ensuring environmental sustainability, regulating trade, and managing resource extraction.
The Global Strontium Market is projected to experience steady growth in the coming years due to increasing demand from various end-use industries such as electronics, pyrotechnics, and ceramics. The growing adoption of strontium compounds in the production of fireworks, glass manufacturing, and medical imaging applications is expected to drive market expansion. Factors such as technological advancements, rising investments in research and development activities, and the emergence of new applications for strontium-based products are likely to further boost market growth. However, challenges such as stringent environmental regulations regarding the disposal of strontium waste and fluctuating raw material prices could potentially hinder market progression. Overall, the Global Strontium Market is anticipated to witness a positive outlook with opportunities for market players to capitalize on the increasing demand for strontium-based products.
In the global strontium market, Asia is expected to lead in terms of demand and production due to the rapid industrialization and infrastructure development in countries like China and India. North America and Europe are projected to witness steady growth driven by the increasing use of strontium in electronics and automotive industries. The Middle East and Africa region is likely to experience moderate growth supported by the expanding construction sector. Latin America is expected to show promising growth due to the rising demand for strontium in the pharmaceutical and energy sectors. Overall, the global strontium market is forecasted to grow steadily across all regions, with Asia remaining a key player in the market landscape.
Global Strontium 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 Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Strontium Market Revenues & Volume, 2021 & 2031F |
3.3 Global Strontium Market - Industry Life Cycle |
3.4 Global Strontium Market - Porter's Five Forces |
3.5 Global Strontium Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Strontium Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Strontium Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Strontium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Strontium Market Trends |
6 Global Strontium Market, 2021 - 2031 |
6.1 Global Strontium Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Strontium Market, Revenues & Volume, By Strontium Carbonate, 2021 - 2031 |
6.1.3 Global Strontium Market, Revenues & Volume, By Strontium Sulfate, 2021 - 2031 |
6.1.4 Global Strontium Market, Revenues & Volume, By Strontium Nitrate, 2021 - 2031 |
6.1.5 Global Strontium Market, Revenues & Volume, By Other Products, 2021 - 2031 |
6.2 Global Strontium Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Strontium Market, Revenues & Volume, By Electrical and electronics, 2021 - 2031 |
6.2.3 Global Strontium Market, Revenues & Volume, By Medical and Dental, 2021 - 2031 |
6.2.4 Global Strontium Market, Revenues & Volume, By Paints and Coatings, 2021 - 2031 |
6.2.5 Global Strontium Market, Revenues & Volume, By Personal care, 2021 - 2031 |
6.2.6 Global Strontium Market, Revenues & Volume, By Pyrotechnic, 2021 - 2031 |
6.2.7 Global Strontium Market, Revenues & Volume, By Other Applications, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Strontium Market, Overview & Analysis |
7.1 North America Strontium Market Revenues & Volume, 2021 - 2031 |
7.2 North America Strontium Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Strontium Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Strontium Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Strontium Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Strontium Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Strontium Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Strontium Market, Overview & Analysis |
8.1 Latin America (LATAM) Strontium Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Strontium Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Strontium Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Strontium Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Strontium Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Strontium Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Strontium Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Strontium Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Strontium Market, Overview & Analysis |
9.1 Asia Strontium Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Strontium Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Strontium Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Strontium Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Strontium Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Strontium Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Strontium Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Strontium Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Strontium Market, Overview & Analysis |
10.1 Africa Strontium Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Strontium Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Strontium Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Strontium Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Strontium Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Strontium Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Strontium Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Strontium Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Strontium Market, Overview & Analysis |
11.1 Europe Strontium Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Strontium Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Strontium Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Strontium Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Strontium Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Strontium Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Strontium Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Strontium Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Strontium Market, Overview & Analysis |
12.1 Middle East Strontium Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Strontium Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Strontium Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Strontium Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Strontium Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Strontium Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Strontium Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Strontium Market Key Performance Indicators |
14 Global Strontium Market - Export/Import By Countries Assessment |
15 Global Strontium Market - Opportunity Assessment |
15.1 Global Strontium Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Strontium Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Strontium Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Strontium Market - Competitive Landscape |
16.1 Global Strontium Market Revenue Share, By Companies, 2024 |
16.2 Global Strontium Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |