Strontium Carbonate Market Report 2025 (Global Edition)

Global Strontium Carbonate Market Report 2025 Market Size Split by By Grade (Electronic Grade, Industrial Grade), by By Application (Bone Health, Frit Manufacturing, Novel Nanoparticle, Fireworks Manu...

Strontium Carbonate Market Report Description

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Competitive Landscape of the Strontium Carbonate Market

Leading market players are extensively spending in R&D to extend their product lines, allowing the Strontium market to grow even further. Market participants are also engaged in a variety of strategic initiatives to expand their presence, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. To grow and compete in a more competitive and expanding market, the strontium sector must provide cost-effective products.

March, 2019, Solvay has introduced a new aqueous liquid coating solution called Halar® ECTFE. The Product is intended to provide improved corrosion protection for the chemical industry, increasing Solvay's penetration across many industries. (Source: https://www.solvay.com/en/press-release/solvay-develops-sustainable-halar-ectfe-anti-corrosion-coating-system) November, 2019, Broadway Gold Mining Ltd., a Canadian mining firm, identified large strontium and yttrium reserves. The asset spans 2.4 kilometers and has a high potential for producing strontium minerals. (Source: https://www.sec.gov/Archives/edgar/data/1813814/000110465921043936/tm2111014d1_ex4-1.htm)

Top Companies Market Share in Strontium Carbonate Industry: (In no particular order of Rank)

• Muby Chemicals
• American Elements
• Solvay
• Celtic Chemicals Ltd.
• Zaozhuang Yongli Chemical Co. Ltd.
• Sakai Chemical Industry Co. Ltd
• Shijlazhuang
• Zhengding.
• Hebei Xinji Chemical Group Co. Ltd.
• Jinshi Chemical Co. Ltd.
• Abassco
• Others
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Strontium Carbonate Market

Which Region Dominates the Strontium Carbonate Market in 2024?

According to Cognitive Market Research, North America has the highest share of the global strontium carbonate market due to the growing number of strontium carbonate applications in the area. However, the region's rapidly expanding manufacturing sector will accelerate market expansion.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is predicted to be the fastest-growing region in the global strontium carbonate market due to ongoing technological advances. Furthermore, the rising applications of strontium carbonate in end-user industries, such as paint and coatings, will generate significant demand in the coming years. However, businesses are increasing their R&D activities in the region in order to establish profitable growth prospects as well as invent procedures for extracting strontium carbonate.

The current report Scope analyzes Strontium Carbonate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Strontium Carbonate

According to Cognitive Market Research, the global Strontium Carbonate market size was estimated at USD 241.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 96.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Strontium Carbonate market with a market size of USD 76.22 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. The pharmaceutical industry's need for Strontium Carbonate in different applications further boosts its market share in the US.
• The Canada Strontium Carbonate market had a market share of USD 11.59 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. The ceramics industry in Canada, known for its quality products, utilizes Strontium Carbonate in various processes. The electronics sector, with its technological advancements, also contributes to the market for Strontium Carbonate.
• The Mexico Strontium Carbonate market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 8.79 million in 2024.

Europe Strontium Carbonate

According to Cognitive Market Research, the global Strontium Carbonate market size was estimated at USD 241.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 72.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The United Kingdom Strontium Carbonate market had a market share of USD 12.17 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In the UK, Strontium Carbonate sales witness an upswing due to growing demand from industries such as ceramics, electronics, and pharmaceuticals.
• The France Strontium Carbonate market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 6.67 million in 2024.
• According to Cognitive Market Research, the German strontium Carbonate market size was valued at USD 14.35 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. The electronics industry in Germany, known for its innovation and advanced technology, utilizes Strontium Carbonate in the production of electronic components.
• The Italy Strontium Carbonate market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 6.23 million in 2024.
• The Russia Strontium Carbonate market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 11.23 million in 2024.
• The Spain Strontium Carbonate market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 5.94 million in 2024
• The Luxembourg Strontium Carbonate market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 2.25 million in 2024.
• The Portugal Strontium Carbonate market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 1.52 million in 2024.
• The Greece Strontium Carbonate market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 0.87 million in 2024.
• Rest of Europe's Strontium Carbonate market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 11.23 million in 2024.

Asia Pacific Strontium Carbonate

According to Cognitive Market Research, the global Strontium Carbonate market size was estimated at USD 241.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 55.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Strontium Carbonate market size was valued at USD 25.00 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. The pharmaceutical sector's growth and the use of Strontium Carbonate in pharmaceutical applications have also contributed to the surge in sales in China.
• The Japan Strontium Carbonate market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 7.67 million in 2024.
• The India Strontium Carbonate market had a market share of USD 6.67 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. In India, Strontium Carbonate sales surged due to the increasing demand from various industries like ceramics, electronics, and pharmaceuticals.
• The South Korea Strontium Carbonate market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 5.55 million in 2024.
• The Australia Strontium Carbonate market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 2.89 million in 2024.
• The South East Asia Strontium Carbonate market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 3.83 million in 2024.
• The Rest of Asia Pacific Strontium Carbonate market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 3.94 million in 2024.

South America Strontium Carbonate

According to Cognitive Market Research, the global Strontium Carbonate market size was estimated at USD 241.5 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 12.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Strontium Carbonate market size was valued at USD 5.17 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. The ceramics industry in Brazil relies heavily on Strontium Carbonate for its applications in producing high-quality ceramic products.
• Argentina Strontium Carbonate market had a market share of USD 2.03 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The demand for Strontium Carbonate in Argentina is influenced by the country's manufacturing capabilities, technological advancements, and the specific applications of Strontium Carbonate in these industries.
• Colombia Strontium Carbonate market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 1.07 million in 2024.
• Peru Strontium Carbonate market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 0.99 million in 2024.
• Chile Strontium Carbonate market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 0.87 million in 2024.
• The Rest of Latin America Strontium Carbonate market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1.94 million in 2024.

Middle East Strontium Carbonate

According to Cognitive Market Research, the global Strontium Carbonate market size was estimated at USD 241.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 4.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• The GCC Countries Strontium Carbonate market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 2.07 million in 2024. Strontium Carbonate sales flourish due to the technological advancements and the need for high-quality products.
• The Egypt Strontium Carbonate market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 0.51 million in 2024.
• The South Africa Strontium Carbonate market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 0.76 million in 2024. Strontium Carbonate sales flourish in South Africa due to the robust ceramics industry, the expanding electronics sector, and the increasing demand from the pharmaceutical field.
• The Turkey Strontium Carbonate market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 0.42 million in 2024.
• The Nigeria Strontium Carbonate market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 0.51 million in 2024.
• The Rest of MEA Strontium Carbonate market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 0.57 million in 2024.

Strontium Carbonate Market Analysis

Strontium Carbonate Market Grade Segment Analysis

According to Cognitive Market Research, the Electronic Grade sector is predicted to have the biggest market share by 2032. The electronic grade segment's demand is increasing due to its use in magnetic materials, making it a significant shareholder in the global market. Strontium carbonate is used in electronic applications. It absorbs electrons generated by the cathode in color television receivers (CTVs).

The strontium carbonate market in the industrial grade segment is very fast because of its versatile application across various industries. Huge demand for the product comes from the manufacture of fireworks, ceramic products, glass, etc. Growth is gaining pace because of the increasing use of such segments with enhancing properties that strontium carbonate adds to the quality of end products.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Strontium Carbonate Industry. Request a Free Sample PDF!

Strontium Carbonate Market Application Segment Analysis

According to Cognitive Market Research, the Bone Health application category is the dominating segment between 2024 and 2032. When taken by postmenopausal women with osteoporosis, strontium ranelate, a form of strontium, can stimulate bone growth and prevent bone loss. Strontium ranelate promotes bone formation and inhibits bone resorption. Strontium is integrated into bone by substituting a percentage of calcium ions in hydroxyapatite, resulting in increased bone mineral density.

The ceramics application segment is predicted to increase significantly at a CAGR from 2024 to 2032. Strontium carbonate is used in the glazing and enameling of ceramic tableware to increase its resistance to abrasion and rifling while also avoiding bubble formation during the frying process. It also has a brighter gloss and, in some cases, outperforms lead while posing no toxicity risk.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Strontium Carbonate End use Segment Analysis

End use Segment Analysis

According to Cognitive Market Research, the electronics industry is the dominant segment. Strontium carbonate is widely used in the electronics sector for the production of television and monitors cathode ray tubes, as well as electronic ceramics. Strontium carbonate is an important substance since its usage in electronics necessitates a high level of purity and quality. Furthermore, it dominates the strontium carbonate market due to consistent demand from the electronics industry, which is driven by technological advancement and consumer electronics.

The pharmaceutical industry is the Strontium Carbonate Market's fastest-growing category. Strontium carbonate is increasingly employed in pharmaceuticals, particularly in the manufacturing of strontium ranelate, an osteoporosis treatment. The pharmaceutical sector's focus on finding innovative medicines, along with increased awareness of strontium's therapeutic characteristics for bone health, are fueling the expansion of this category.

• Electronics Industry
• Metallurgy Industry
• Pharmaceutical Industry
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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