Global Strontium Market is predicted to reach USD 0.89 billion at a CAGR of 5.50% during the forecast period

Pune, India, September, 2023 /press release/- Market Research Future Published a Half Cooked Research Report on Global Strontium Market.

Market Research Future (MRFR) has published a cooked research report on the “Global Strontium Market” that contains information from 2023 to 2032. The Global Strontium Market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Strontium Market— SAKAI CHEMICAL INDUSTRY CO. LTD., Basstech International, CanterasIndustriales L., QUIMICA DEL ESTRONCIO S.A., JOYIENG CHEMICAL LIMITED, SHENZHOU JIAXIN CHEMICAL CO. LTD., ProChem Inc., CHEMALLOY, and Noah Technologies Corporation.

Strontium Market Highlights

The Global Strontium Market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 0.89 Billion by 2032.

The global strontium market refers to the worldwide economic ecosystem involving the production, distribution, trade, and consumption of strontium and its compounds. Strontium is a chemical element with the symbol Sr and atomic number 38. It is a soft, silvery-white alkali earth metal that is chemically reactive and can form various compounds.

The global strontium market is influenced by factors such as industrial demand, technological advancements, economic growth, environmental regulations, and geopolitical factors affecting the supply chain. Market players in the strontium industry include mining and extraction companies, chemical manufacturers, pharmaceutical companies, and research institutions.

Segment Analysis

The Global Strontium Market has been segmented based on product and application.

On the basis of product, the market is segmented into Strontium Carbonate, Strontium Sulfate, Strontium Nitrate and Strontium Chlorates.  The strontium chlorates category holds the largest market share due to the surging demand for fireworks across several countries. Strontium carbonate is commonly used as an oxidizer and colorant in the production of fireworks.

Based on application, the market has been segmented into Electrical & Electronics, Paints & coatings, Personal Care and Pyrotechnic. The pyrotechnic segment dominated the market. This is due to the rising demand for fireworks, flashes, streamers, theoretical glitter, and explosions confetti.

Regional Analysis

The Global Strontium Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Strontium Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Strontium Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Strontium Market comprises of Middle East, Africa, and Latin America.

North America is likely to have a significant demand for strontium compounds, driven by applications in electronics, ceramics, and pyrotechnics. The presence of advanced electronics industries and a strong focus on innovation could fuel demand for strontium compounds used in electronic devices and components.

European countries often have well-established regulations regarding chemical usage, which could influence the production and consumption of strontium compounds. Research and development in fields such as catalysis and material science might drive demand for strontium-based catalysts and compounds.

Asia-Pacific could witness substantial growth in the strontium market due to the region's rapid industrialization, population growth, and increasing consumer demand. Increasing investments in research and development could result in the development of new applications for strontium compounds.

Furthermore, the rest of the world's Global Strontium Market is divided into the Middle East, Africa, and Latin America.  Latin America's demand for strontium compounds might be driven by sectors like construction, ceramics, and metallurgy. The mining industry in some Latin American countries might contribute to the global strontium supply.

Key Findings of the Study

• The Global Strontium Market is expected to reach USD 0.89 Billion by 2032, at a CAGR of 5.50% during the forecast period.


• North America is likely to have a significant demand for strontium compounds, driven by applications in electronics, ceramics, and pyrotechnics. The presence of advanced electronics industries and a strong focus on innovation could fuel demand for strontium compounds used in electronic devices and components.


• Based on application, the market has been segmented into Personal Care and Pyrotechnic holding the largest market in 2022.

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