Global Strontium Market

Strontium Market Size, Volume, Trends & Analysis - Forecasts To 2026

Category Chemicals & Advanced Material
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Strontium Market Insights

The global strontium market is estimated to witness a significant CAGR both in terms of volume and value during the forecast period. Strontium is a soft silver-white yellowish metallic alkaline earth metal that is highly chemically reactive. Strontium finds applications in various applications such as electrical & electronics, pyrotechnic, medical & dental, personal care, paints & coatings and others such as automotive, aerospace, etc. Economic rebound in developed economies and growth in emerging nations have made industries across the globe more willing to invest in strontium carbonate. In addition to this, the continuously rising use of strontium in traditional areas will bode well for the global strontium market.

Strontium Market: By Product

The market is segmented into strontium carbonate, strontium sulphate, strontium nitrate, others (strontium nitrate, strontium hydroxide, etc.) on the basis of product. The strontium carbonate segment is expected to dominate the market owing to growing demands from electrical & electronics, pyrotechnic and paints & coatings segment. The strontium sulphate, strontium nitrate segment is also expected to witness significant growth during the forecast period. This can be attributed to demands from medical & dental, personal care segment. The use of strontium oxide and strontium carbonate as frits in ceramic glazes is growing as it is nontoxic alternative to barium and lead.

Strontium Market: By Application

On the basis of application, the market is classified into electrical & electronics, pyrotechnic, medical & dental, personal care, paints & coatings, others (automotive, aerospace, etc.). The global strontium market is driven by the high demand from the paints & coatings industry. This demand can be attributed to its superior properties such as gloss, contrast ratio, opacity, resistance to salt, fog, weather, and UV, improved film coverage, easy dispersion, high pellet flow, and smooth surface among others. Increasing use of paints & coatings in complementary end-use industries such as aerospace, automotive, construction, and electronics is driving the global market. It can also be used as a substrate material for semiconductors and piezoelectric applications. Other factors propelling the market growth include its use as a coloring agent in pyrotechnic applications such as civilian and military flares, fireworks, and tracer ammunition to produce a bright red and in combination with copper compound to produce purple color.

Strontium Market

Strontium Market: By Region

The market in Asia-Pacific dominated the global market owing to the high demand from packaging industry for paints & coatings, electronics, personal care, and others. The high growth of the market in this region can also be attributed to the fast-paced industrialization and urbanization in the emerging countries such as India, Thailand, Malaysia, and Singapore. North America accounted for the second-largest market share owing to the high demand for strontium from the aerospace, automotive, and electronics industries in the region. Highly developed militarily and army strength in the US is the major driver of the high product demand for military applications in this region.

The high production and sales of automotive parts in the Western European countries such as UK, Germany, France, and Italy are expected to fuel the demand for paints & coatings, which will further drive the demand for strontium in the region. Developing economies including Middle East & Africa are expected to witness significant growth during the forecast period owing to the account of the rise in disposable income and increasing urbanization.

Strontium Market: End Use Landscape

The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the market are Hyundai, Asian Paints, P&G and Jorge Fireworks among others.

Strontium Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Strontium Market: Share & Competitor Analysis

Some of the key players operating in the market are Solvay, Sakai Chemical Industry Co., Ltd, BassTech International, Canteras Industriales Sl, Química del Estroncio, S.A, .Joyieng Chemical Limited, Shenzhou Jiaxin Chemical Co., Ltd, Prochem Inc, Chemalloy Co. Inc, and NOAH Technologies Corporation

Please note: This is not an exhaustive list of companies profiled in the report.

In 2019 Solvay developed waterborne Halar ECTFE coating system broadens metal corrosion prevention applications for the chemical processing industry. The coating system comprised of a high adhesion primer and topcoat and it can be easily applied using standard liquid spray equipment

In 2019 Solvay has invested in Noble.AI, a leading developer of software that helps R&D organizations speed up their innovation efforts

In 2018 Solvay’s Special Chem business unit had opened a new electronic grade hydrogen peroxide plant in Zhenjiang, China with an annual capacity up to 24,000 tons. The new plant will supply the semiconductor industry with an indispensable chemical agent for the production of integrated electronic circuits

In 2018 Solvay inaugurated its state-of-the-art manufacturing center for aerospace structural adhesives and surfacing films in Wrexham, United Kingdom. The center is purpose-built and automated, supported by robotic and digital systems

Check the Press Release on Global Strontium Market Report

  1. RESEARCH METHODOLOGY
    • DESK RESEARCH
      • PRELIMINARY ANALYSIS
      • PAID DATABASES AND GOVERNMENT BODIES
      • APPLICATION SEGMENT ANALYSIS
        • TOP DOWN APPROACH
        • BOTTOM UP APPROACH
      • PRIMARY RESEARCH
        • BREAKDOWN OF PRIMARY INTERVIEW
        • DISCUSSION GUIDE WITH PRIMARY PARTICIPANTS
      • ANALYSIS AND OUTPUT
        • COUNTRY/REGIONAL ANALYSIS
        • PREDICTIVE ANALYTICS TECHNIQUES
        • INHOUSE AI POWERED REAL TIME ANALYSIS TOOL
      • FINAL OUTPUT FROM DESK AND PRIMARY RESEARCH
      • ASSUMPTIONS AND LIMITATIONS
        • RESEARCH ASSUMPTIONS
        • RESEARCH LIMITATIONS
  1. ECOSYSTEM OVERVIEW
  2. TECHNOLOGICAL TRENDS IN STRONTIUM MARKET
  3. FOUR QUADRANT COMPETITOR POSITIONING MATRIX
    • LEADERS
    • CHALLENGERS
    • VISIONARIES
    • NICHE PLAYERS
  4. DEMAND AND SUPPLY MATRIX
    • INTRODUCTION
    • DEMAND SIDE ANALYSIS
      • STRONTIUM MARKET: MARKET DRIVERS
        • INCREASE IN DEMAND IN END USE INDUSTRY
      • STRONTIUM MARKET: MARKET RESTRAINTS
        • CONCERN RELATED TO HEALTH ISSUES
      • STRONTIUM MARKET: MARKET OPPORTUNITIES
        • POTENTIAL TO EXPAND IN EMERGING ECONOMIES
      • STRONTIUM MARKET: MARKET CHALLENGES
        • STRICT GOVERNMENT LAWS & REGULATIONS
      • SUPPLY SIDE ANALYSIS
        • FUTURE SCENARIO (CAGR% VS APPLICATION)
        • MAPPING KEYSTRONTIUM MARKET MANUFACTURERS
        • PORTER’S FIVE FORCES ANALYSIS
          • THREAT OF NEW ENTRANTS
          • THREAT OF SUBSTITUTES
          • BARGAINING POWER OF SUPPLIERS
          • BARGAINING POWER OF BUYERS
          • INTENSITY OF COMPETITIVE RIVALRY
        • STRONTIUM MARKET: TREND ANALYSIS
  1. STRONTIUM MARKET,BY PRODUCT
    • INTRODUCTION
      • GLOBAL STRONTIUM  MARKET,BY PRODUCT, 2016-2026 (USD MILLION)
    • STRONTIUM CARBONATE
      • STRONTIUM CARBONATE:GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
    • STRONTIUM SULPHATE
      • STRONTIUM SULPHATE:GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
    • STRONTIUM NITRATE
      • STRONTIUM NITRATE:GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
    • OTHERS (STRONTIUM NITRATE, STRONTIUM HYDROXIDE, ETC.)
      • OTHERS (STRONTIUM NITRATE, STRONTIUM HYDROXIDE, ETC):GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
  1. STRONTIUM MARKET, BY APPLICATION
    • INTRODUCTION
      • GLOBAL STRONTIUM  MARKET,BY APPLICATION, 2016-2026 (USD MILLION)
    • ELECTRICAL & ELECTRONICS
      • ELECTRICAL & ELECTRONICS: GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
    • PYROTECHNIC
      • PYROTECHNIC:GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
    • MEDICAL & DENTAL
      • MEDICAL & DENTAL:GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
    • PERSONAL CARE
      • PERSONAL CARE:GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
    • PAINTS & COATINS
      • PAINTS & COATINS:GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
    • OTHERS (AUTOMOTIVE, AEROSPACE, ETC.)
      • OTHERS (AUTOMOTIVE, AEROSPACE, ETC.):GLOBAL STRONTIUM  MARKET, 2016-2026 (USD MILLION)
  1. STRONTIUM MARKET, BY REGION
    • INTRODUCTION
      • GLOBAL STRONTIUM  MARKET, BY REGION, 2016-2026 (USD MILLION)
    • NORTH AMERICA
      • BY PRODUCT
        • NORTH AMERICA STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
      • BY APPLICATION
        • NORTH AMERICA STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
      • BY COUNTRY
        • U.S.
          • BY PRODUCT
            • U.S. STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
          • BY APPLICATION
            • U.S. STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
          • CANADA
            • BY PRODUCT
              • CANADA STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
            • BY APPLICATION
              • CANADA STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
            • MEXICO
              • BY PRODUCT
                • MEXICO STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
              • BY APPLICATION
                • MEXICO STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
              • EUROPE
                • BY PRODUCT
                  • EUROPE STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                • BY APPLICATION
                  • EUROPE STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                • BY COUNTRY
                  • GERMANY
                    • BY PRODUCT
                      • GERMANY STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                    • BY APPLICATION
                      • GERMANY STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                    • UK
                      • BY PRODUCT
                        • UK STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                      • BY APPLICATION
                        • UK STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                      • FRANCE
                        • BY PRODUCT
                          • FRANCE STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                        • BY APPLICATION
                          • FRANCE STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                        • SPAIN
                          • BY PRODUCT
                            • SPAIN STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                          • BY APPLICATION
                            • SPAIN STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                          • ITALY
                            • BY PRODUCT
                              • ITALY STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                            • BY APPLICATION
                              • ITALY STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                            • REST OF EUROPE
                              • BY PRODUCT
                                • REST OF EUROPE STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                              • BY APPLICATION
                                • REST OF EUROPE STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                              • ASIA PACIFIC
                                • BY PRODUCT
                                  • ASIA PACIFIC STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                  • BY APPLICATION
                                    • ASIA PACIFIC STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                  • BY COUNTRY
                                    • CHINA
                                      • TYPE
                                        • CHINA STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                      • BY APPLICATION
                                        • CHINA STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                      • JAPAN
                                        • BY PRODUCT
                                          • JAPAN STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                        • BY APPLICATION
                                          • JAPAN STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                        • INDIA
                                          • BY PRODUCT
                                            • INDIA STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                          • BY APPLICATION
                                            • INDIA STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                          • AUSTRALIA
                                            • BY PRODUCT
                                              • AUSTRALIA STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                            • BY APPLICATION
                                              • AUSTRALIA STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                            • SINGAPORE
                                              • BY PRODUCT
                                                • SINGAPORE STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                              • BY APPLICATION
                                                • SINGAPORE STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                              • SOUTH KOREA
                                                • BY PRODUCT
                                                  • SOUTH KOREA STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                                • BY APPLICATION
                                                  • SOUTH KOREA STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                                • MIDDLE EAST & AFRICA
                                                  • BY PRODUCT
                                                    • MIDDLE EAST & AFRICA STRONTIUM MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                                  • BY APPLICATION
                                                    • MIDDLE EAST & AFRICA STRONTIUM MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                                  • BY COUNTRY
                                                    • SAUDI ARABIA
                                                      • BY PRODUCT
                                                        • SAUDI ARABIA STRONTIUM MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                                      • BY APPLICATION
                                                        • SAUDI ARABIA STRONTIUM MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                                      • UAE
                                                        • BY PRODUCT
                                                          • UAE STRONTIUM MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                                        • BY APPLICATION
                                                          • UAE STRONTIUM MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                                        • CENTRAL & SOUTH AMERICA
                                                          • BY PRODUCT
                                                            • CENTRAL & SOUTH AMERICA STRONTIUM   MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                                          • BY APPLICATION
                                                            • CENTRAL & SOUTH AMERICA STRONTIUM   MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
                                                          • BY COUNTRY
                                                            • BRAZIL
                                                              • BY PRODUCT
                                                                • BRAZIL STRONTIUM  MARKET, BY PRODUCT, 2016-2026 (USD MILLION)
                                                              • BY APPLICATION
                                                                • BRAZIL STRONTIUM  MARKET, BY APPLICATION, 2016-2026 (USD MILLION)
  1. END-USER LANDSCAPE (CONSUMER PROFILE)
    • NORTH AMERICA
      • U.S.
      • CANADA
      • MEXICO
    • EUROPE
      • GERMANY
      • UK
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • SINGAPORE
      • SOUTH KOREA
    • REST OF THE WORLD
  2. VENDOR LANDSCAPE (SUPPLIERS/MANUFACTURERS)
    • NORTH AMERICA
      • U.S.
      • CANADA
      • MEXICO
    • EUROPE
      • GERMANY
      • K
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • SINGAPORE
      • SOUTH KOREA
    • REST OF THE WORLD
  3. MARKET SHARE ANALYSIS
  4. COMPANY PROFILE
    • SOLVAYS
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • SAKAI CHEMICAL INDUSTRY CO LTD
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • BASS TECH INTERNATIONAL
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • CANTERAS INDUSTRIALES SL
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • QUIMICA DEL ESTRONCIO, SA
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • JOYIENG CHEMICAL LTD
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • SHENZHOU JIANXIN CHEMICAL CO LTD
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • PROCHEM, INC
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • CHEMALLOY CO, INC
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • NOAH TECHNOLOGIES CORP
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES
    • OTHER COMPANIES
      • BUSINESS DESCRIPTION
      • SWOT ANALYSIS
      • PRODUCTS & SERVICES OFFERED
      • STRATEGIC INITIATIVES

The global strontium market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Strontium

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the strontium market market.

Strontium

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Strontium Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Strontium Market

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