Strontium Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers the Global Strontium Market’s Share. It is Segmented by Product (strontium Carbonate, Strontium Sulfate, Strontium Nitrate, and Other Products), Application (electrical and Electronics, Medical and Dental, Paints and Coatings, Personal Care, Pyrotechnics, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The Report Offers the Market Size in Value Terms (USD) for all the Abovementioned Segments.

Strontium Market Size

Strontium Market Summary

Compare market size and growth of Strontium Market with other markets in Chemicals & Materials Industry

Strontium Market Analysis

The Strontium Market size is estimated at USD 103 million in 2025, and is expected to reach USD 119.41 million by 2030, at a CAGR of greater than 3% during the forecast period (2025-2030).

The COVID-19 pandemic negatively impacted the strontium market. The pandemic disrupted strontium mining, processing, and transportation activities, affecting the availability of strontium raw materials and intermediate products. However, as lockdowns were lifted, economic activities gradually resumed across industries, including automotive and electronics, which are significant consumers of strontium-based products. The market recovery was driven by increased demand for goods, which led to a rise in strontium-content products.

  • The factors that are expected to drive the strontium market are the rising demand for strontium from paints and coatings and the increasing demand for strontium from construction activities in developing countries.
  • On the flip side, the risk of explosion and fire hazards that are associated with strontium is expected to hinder the growth of the market.
  • It is expected that strontium nitrate will be used majorly in the chemical, marine, and defense industries. The increasing usage in the medical field is expected to provide lucrative opportunities for the market players.
  • Due to increasing consumption in countries such as China, India, and Japan, the Asia-Pacific is expected to maintain its dominance of the market during the forecast period.

Asia-Pacific Region to Dominate the Market

  • Due to the production and consumption of a wide range of end products made from strontium, including paints and coatings, cosmetics, electrical and electronic equipment, and others, the Asia Pacific region is the most critical market for strontium.
  • According to the report published by the Department of Commerce (India), Department for Promotion of Industry and Internal Trade (India), in fiscal year 2022, the trade value of India's paint sector was over INR 60 billion. The value of exported paint and associated products in the country stood at around INR 22.96 billion, compared to more than INR 37.7 billion for imports.
  • In addition, Asia-Pacific is likely to grow fastest in Chinese construction, followed by India. In order to meet the increasing demand for housing, the Chinese government has provided more funds so that affordable houses can be built. The infrastructure sector has become one of the main focus areas of the government in India.
  • The Chinese building and construction industry is expanding at a rapid pace. Construction output in China was estimated to be worth about CNY 31.2 trillion (USD 4.31 trillion) at the end of 2022, reaching CNY 31.59 trillion by 2023 (USD 4.37 trillion), according to an estimate released by the Chinese National Statistics Office.
  • The number of building projects in this country is expected to increase due to all these construction activities and government measures, which are expected to lead to a higher demand for paints and varnishes.
  • The demand for strontium is also expected to increase over the next five years, as many industries in Asia-Pacific are looking for growth.
Strontium Market - Growth Rate by Region

Strontium Industry Overview

The strontium market is highly fragmented in nature. The major players in the market include (not in any particular order) Solvay, Abassco, Hebei Xinji Chemical Group Co. Ltd, Noah Chemicals, and ProChem Inc.

Strontium Market Leaders

  1. Solvay

  2. abassco

  3. Hebei Xinji Chemical Group Co., Ltd.

  4. Noah Chemicals

  5. ProChem, Inc

  6. *Disclaimer: Major Players sorted in no particular order
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Strontium Market News

  • October 2023: ProChem joined the Society of Chemical Manufacturers & Affiliates (SOCMA). SOCMA is the only US-based trade association that is completely dedicated to the specialty and fine chemicals industry. SOCMA provides a legislative and regulatory advocate, promotes the highest level of safety, and strengthens business intelligence and production operations to support and stimulate growth in the specialty chemicals sector.

Strontium Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increased Demand from the Paints and Coatings Segment
    • 4.1.2 Increasing Construction Activities in Emerging Economies of Asia-Pacific
  • 4.2 Restraints
    • 4.2.1 Risk of Explosion and Fire Hazards Associated with Strontium
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition
  • 4.5 Price trends

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 By Product
    • 5.1.1 Strontium Carbonate
    • 5.1.2 Strontium Sulfate
    • 5.1.3 Strontium Nitrate
    • 5.1.4 Other Products (Strontium Hydroxide)
  • 5.2 By Application
    • 5.2.1 Electrical and electronics
    • 5.2.2 Medical and Dental
    • 5.2.3 Paints and Coatings
    • 5.2.4 Personal Care
    • 5.2.5 Pyrotechnic
    • 5.2.6 Other Applications (Glass and Ceramics)
  • 5.3 By Geography
    • 5.3.1 Production Analysis
    • 5.3.1.1 China
    • 5.3.1.2 Spain
    • 5.3.1.3 Turkey
    • 5.3.1.4 Mexico
    • 5.3.1.5 Iran
    • 5.3.1.6 Argentina
    • 5.3.1.7 Rest of the World
    • 5.3.2 By Consumption Analysis
    • 5.3.2.1 Asia-Pacific
    • 5.3.2.1.1 China
    • 5.3.2.1.2 India
    • 5.3.2.1.3 Japan
    • 5.3.2.1.4 South Korea
    • 5.3.2.1.5 Thailand
    • 5.3.2.1.6 Malaysia
    • 5.3.2.1.7 Indonesia
    • 5.3.2.1.8 Vietnam
    • 5.3.2.1.9 Rest of Asia-Pacific
    • 5.3.2.2 North America
    • 5.3.2.2.1 United States
    • 5.3.2.2.2 Canada
    • 5.3.2.2.3 Mexico
    • 5.3.2.3 Europe
    • 5.3.2.3.1 Germany
    • 5.3.2.3.2 United Kingdom
    • 5.3.2.3.3 Italy
    • 5.3.2.3.4 France
    • 5.3.2.3.5 Spain
    • 5.3.2.3.6 Turkey
    • 5.3.2.3.7 Russia
    • 5.3.2.3.8 NORDIC
    • 5.3.2.3.9 Rest of Europe
    • 5.3.2.4 South America
    • 5.3.2.4.1 Brazil
    • 5.3.2.4.2 Argentina
    • 5.3.2.4.3 Colombia
    • 5.3.2.4.4 Rest of South America
    • 5.3.2.5 Middle East and Africa
    • 5.3.2.5.1 Saudi Arabia
    • 5.3.2.5.2 South Africa
    • 5.3.2.5.3 Nigeria
    • 5.3.2.5.4 Egypt
    • 5.3.2.5.5 Qatar
    • 5.3.2.5.6 United Arab Emirates
    • 5.3.2.5.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/ Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Abassco
    • 6.4.2 Barium & Chemicals Inc.
    • 6.4.3 Chongqing Yuanhe Fine Chemicals Inc.
    • 6.4.4 Fertiberia
    • 6.4.5 Hebei Xinji Chemical Group Co. Ltd
    • 6.4.6 Joyieng Chemical Limited
    • 6.4.7 KBM Affilips
    • 6.4.8 Nanjing Jinyan Strontium Industry Co. Ltd
    • 6.4.9 Noah Chemicals
    • 6.4.10 ProChem Inc.
    • 6.4.11 SAKAI CHEMICAL INDUSTRY CO. LTD
    • 6.4.12 Shenzhou Jiaxin Chemical Co. Ltd
    • 6.4.13 Shijiazhuang Zhengding JINSHI Chemical Co. Ltd
    • 6.4.14 Solvay
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Use of Strontium Nitrate in the Chemical, Marine, and Defense Sectors
  • 7.2 Increasing Usage in Medical Field
**Subject to Availability
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Strontium Industry Segmentation

Strontium is a soft, silvery-white alkaline earth metal that is found naturally in minerals such as celestine and strontianite. Strontium is chemically similar to calcium and shares many of its biological roles. It has various industrial applications, including its use in the production of cathode ray tubes that is used for TVs and computer monitors, pyrotechnics for creating red flemes in fireworks, medical treatment for osteoporosis, and corrosion inhibitors.

The strontium market is segmented by product, application, and geography. By product, the market is segmented into strontium carbonate, strontium sulfate, strontium nitrate, and other products (strontium hydroxide). In terms of application, the market is segmented into electrical and electronics, medical and dental, paints and coatings, personal care, pyrotechnic, and other applications (glass and ceramics). The report covers production analysis for the strontium market in six countries. The report also covers the market size and forecasts for the strontium market in 27 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD).

By Product Strontium Carbonate
Strontium Sulfate
Strontium Nitrate
Other Products (Strontium Hydroxide)
By Application Electrical and electronics
Medical and Dental
Paints and Coatings
Personal Care
Pyrotechnic
Other Applications (Glass and Ceramics)
By Geography Production Analysis China
Spain
Turkey
Mexico
Iran
Argentina
Rest of the World
By Consumption Analysis Asia-Pacific China
India
Japan
South Korea
Thailand
Malaysia
Indonesia
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Spain
Turkey
Russia
NORDIC
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Nigeria
Egypt
Qatar
United Arab Emirates
Rest of Middle East and Africa
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Strontium Market Research FAQs

How big is the Strontium Market?

The Strontium Market size is expected to reach USD 103 million in 2025 and grow at a CAGR of greater than 3% to reach USD 119.41 million by 2030.

What is the current Strontium Market size?

In 2025, the Strontium Market size is expected to reach USD 103 million.

Who are the key players in Strontium Market?

Solvay, abassco, Hebei Xinji Chemical Group Co., Ltd., Noah Chemicals and ProChem, Inc are the major companies operating in the Strontium Market.

Which is the fastest growing region in Strontium Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Strontium Market?

In 2025, the Asia-Pacific accounts for the largest market share in Strontium Market.

What years does this Strontium Market cover, and what was the market size in 2024?

In 2024, the Strontium Market size was estimated at USD 99.91 million. The report covers the Strontium Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Strontium Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Strontium Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)