Product Code: ETC13237962 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Strontium Sulfide Market was valued at USD 0.2 Billion in 2024 and is expected to reach USD 0.6 Billion by 2031, growing at a compound annual growth rate of 13.30% during the forecast period (2025-2031).
The global strontium sulfide market is witnessing steady growth due to its wide range of applications in industries such as electronics, optoelectronics, and ceramics. The increasing demand for strontium sulfide in the production of cathode ray tubes, photoluminescent materials, and glass manufacturing is driving market growth. Additionally, the growing adoption of strontium sulfide in the manufacturing of pigments, catalysts, and chemical intermediates is expected to further propel market expansion. The market is characterized by key players focusing on research and development activities to enhance product quality and expand their product portfolios. Geographically, Asia Pacific is anticipated to dominate the global strontium sulfide market owing to the presence of major electronics manufacturers and increasing industrialization in countries like China and India.
The global strontium sulfide market is experiencing growth due to its increasing applications in various industries such as electronics, ceramics, and optical coatings. The rising demand for energy-efficient lighting solutions, particularly in the LED industry, is driving the market growth. Additionally, the expanding use of strontium sulfide in the production of cathode ray tubes and phosphors for display screens is further propelling market expansion. Opportunities in the market lie in the development of innovative products with enhanced properties, such as improved brightness and color rendering. Moreover, the growing focus on sustainable practices and environmental regulations is creating a demand for eco-friendly strontium sulfide products. Overall, the global strontium sulfide market is poised for continued growth and innovation in the coming years.
Some challenges faced in the Global Strontium Sulfide Market include limited availability of raw materials, fluctuating prices of strontium and sulfur, stringent regulations related to environmental impact and disposal of strontium sulfide waste, and growing competition from alternative materials. The market is also susceptible to economic fluctuations and geopolitical tensions, which can impact demand and supply dynamics. Additionally, technological advancements leading to the development of more efficient and cost-effective substitutes pose a threat to the growth of the strontium sulfide market. Companies operating in this market need to constantly innovate, invest in research and development, and adapt to changing market conditions to stay competitive and sustain growth.
The global strontium sulfide market is primarily driven by the increasing demand for strontium-based products in various industries such as electronics, chemicals, and automotive sectors. Strontium sulfide is widely used in the manufacturing of cathode ray tubes (CRTs) for televisions and computer monitors, as well as in the production of pigments, glass, and ceramics. Additionally, the growing adoption of strontium sulfide in the production of fireworks and flares for military and entertainment purposes is further fueling market growth. Furthermore, the rising investments in research and development activities to explore new applications of strontium sulfide, along with the expanding construction industry globally, are expected to drive the market in the coming years.
Government policies related to the Global Strontium Sulfide Market primarily focus on regulating the production, distribution, and usage of strontium sulfide to ensure environmental and human safety. These policies typically include guidelines on handling, storage, transportation, and disposal of strontium sulfide to prevent environmental contamination and health hazards. Additionally, many governments have implemented regulations regarding the import and export of strontium sulfide to maintain trade balance and protect domestic industries. Some countries also have restrictions on the usage of strontium sulfide in specific applications, such as in the manufacturing of consumer products or cosmetics, to safeguard public health. Overall, government policies aim to strike a balance between promoting the growth of the strontium sulfide market and safeguarding environmental and human welfare.
The Global Strontium Sulfide Market is expected to witness steady growth in the coming years, driven by increasing demand from various end-use industries such as electronics, ceramics, and pigments. The market is likely to benefit from advancements in technology and the growing applications of strontium sulfide in the manufacturing of cathode ray tubes, fluorescent lighting, and other electronic components. Additionally, the rising awareness about the benefits of strontium sulfide in agriculture, particularly as a soil conditioner and fertilizer, is anticipated to further propel market growth. However, challenges such as strict regulations regarding environmental impact and the availability of substitutes may hinder the market`s expansion to some extent. Overall, the Global Strontium Sulfide Market is expected to show promising opportunities for growth in the foreseeable future.
In the Global Strontium Sulfide Market, Asia is expected to dominate in terms of both production and consumption due to the presence of major strontium sulfide manufacturers in countries like China and India. North America and Europe are also significant markets for strontium sulfide, driven by the growing demand for the compound in industries such as electronics, ceramics, and pigments. The Middle East and Africa region is witnessing steady growth in the strontium sulfide market, primarily due to increasing industrial activities and infrastructure development. Latin America, on the other hand, is expected to experience moderate growth in the market as industries in the region are gradually adopting strontium sulfide for various applications. Overall, the global strontium sulfide market is projected to see steady growth across all regions, with Asia leading the market expansion.
Global Strontium Sulfide 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 Sulfide Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Strontium Sulfide Market Revenues & Volume, 2021 & 2031F |
3.3 Global Strontium Sulfide Market - Industry Life Cycle |
3.4 Global Strontium Sulfide Market - Porter's Five Forces |
3.5 Global Strontium Sulfide Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Strontium Sulfide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Strontium Sulfide Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Global Strontium Sulfide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Strontium Sulfide Market Trends |
6 Global Strontium Sulfide Market, 2021 - 2031 |
6.1 Global Strontium Sulfide Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Strontium Sulfide Market, Revenues & Volume, By Purity 99%, 2021 - 2031 |
6.1.3 Global Strontium Sulfide Market, Revenues & Volume, By Purity 99.5%, 2021 - 2031 |
6.1.4 Global Strontium Sulfide Market, Revenues & Volume, By Purity 99.9%, 2021 - 2031 |
6.1.5 Global Strontium Sulfide Market, Revenues & Volume, By Purity 99.95%, 2021 - 2031 |
6.1.6 Global Strontium Sulfide Market, Revenues & Volume, By Purity 99.99%, 2021 - 2031 |
6.1.7 Global Strontium Sulfide Market, Revenues & Volume, By Purity 99.999%, 2021 - 2031 |
6.2 Global Strontium Sulfide Market, Revenues & Volume, By Applications, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Strontium Sulfide Market, Revenues & Volume, By Chemical Industry, 2021 - 2031 |
6.2.3 Global Strontium Sulfide Market, Revenues & Volume, By Laboratory, 2021 - 2031 |
6.2.4 Global Strontium Sulfide Market, Revenues & Volume, By Industrial Application, 2021 - 2031 |
6.2.5 Global Strontium Sulfide Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Strontium Sulfide Market, Overview & Analysis |
7.1 North America Strontium Sulfide Market Revenues & Volume, 2021 - 2031 |
7.2 North America Strontium Sulfide Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Strontium Sulfide Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Strontium Sulfide Market, Revenues & Volume, By Applications, 2021 - 2031 |
8 Latin America (LATAM) Strontium Sulfide Market, Overview & Analysis |
8.1 Latin America (LATAM) Strontium Sulfide Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Strontium Sulfide Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Strontium Sulfide Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Strontium Sulfide Market, Revenues & Volume, By Applications, 2021 - 2031 |
9 Asia Strontium Sulfide Market, Overview & Analysis |
9.1 Asia Strontium Sulfide Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Strontium Sulfide Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Strontium Sulfide Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Strontium Sulfide Market, Revenues & Volume, By Applications, 2021 - 2031 |
10 Africa Strontium Sulfide Market, Overview & Analysis |
10.1 Africa Strontium Sulfide Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Strontium Sulfide Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Strontium Sulfide Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Strontium Sulfide Market, Revenues & Volume, By Applications, 2021 - 2031 |
11 Europe Strontium Sulfide Market, Overview & Analysis |
11.1 Europe Strontium Sulfide Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Strontium Sulfide Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Strontium Sulfide Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Strontium Sulfide Market, Revenues & Volume, By Applications, 2021 - 2031 |
12 Middle East Strontium Sulfide Market, Overview & Analysis |
12.1 Middle East Strontium Sulfide Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Strontium Sulfide Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Strontium Sulfide Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Strontium Sulfide Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Strontium Sulfide Market, Revenues & Volume, By Applications, 2021 - 2031 |
13 Global Strontium Sulfide Market Key Performance Indicators |
14 Global Strontium Sulfide Market - Export/Import By Countries Assessment |
15 Global Strontium Sulfide Market - Opportunity Assessment |
15.1 Global Strontium Sulfide Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Strontium Sulfide Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Strontium Sulfide Market Opportunity Assessment, By Applications, 2021 & 2031F |
16 Global Strontium Sulfide Market - Competitive Landscape |
16.1 Global Strontium Sulfide Market Revenue Share, By Companies, 2024 |
16.2 Global Strontium Sulfide Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |