The growing demand for strontium compounds in the manufacturing of electronics, particularly in the production of color cathode ray tubes (CRTs) for televisions and monitors are driving the market. Strontium compounds enhance the brilliance and luminosity of displays, driving their widespread adoption in the consumer electronics industry. Additionally, the expanding use of strontium carbonate in the production of ferrite magnets, employed in various applications such as automotive components and electronics are contributing to the market's growth. Ongoing research and development in medical applications of strontium are further shaping its role in therapeutic radiopharmaceuticals. The automotive sector, in particular, relies on strontium ferrites for manufacturing permanent magnets used in sensors and electric vehicle technologies, further bolstering market demand. Furthermore, the healthcare industry is playing a crucial role in driving the strontium market, with the use of strontium-89 in radiography to alleviate pain in bone metastasis.
The continued expansion of the electronics sector, particularly in the production of televisions and monitors are driving the market.
Strontium compounds, notably strontium carbonate is playing a pivotal role in enhancing the luminosity and color quality of cathode ray tubes (CRTs), which remain integral components in display technologies.
The ongoing evolution of electronic devices, coupled with the rising popularity of smart devices and the continual quest for enhanced visual experiences are propelling the demand for strontium in the manufacturing processes of electronic displays.
Strontium-89, a prominent isotope are gaining prominence for its application in therapeutic radiopharmaceuticals aimed at mitigating pain associated with bone metastasis.
The demand is further propelled by the increasing prevalence of conditions leading to bone metastasis, as healthcare providers seek effective and tailored solutions for pain management.
Additionally, ongoing research and development initiatives exploring new healthcare applications for strontium, such as its potential use in other radiopharmaceuticals or therapeutic agents are contributing to the market's growth trajectory.
The growing adoption of electric vehicles (EVs) is a significant driver, propelling demand for strontium ferrites used in the production of permanent magnets.
The role of strontium in ferrite magnets, known for their durability and magnetic properties, positioning it as a key element in the production of components for these burgeoning sectors.
Additionally, the magnet manufacturing sector, driven by innovations in electronics and the growing focus on renewable energy sources is relying on strontium for its contributions to the development of durable and efficient magnets.
The Strontium Market is analyzed across Strontium Carbonate, Strontium Sulfate, Strontium Nitrate, and Others. Strontium Carbonate is poised to register the fastest growth. One of the key drivers of its demand is its significant role in the electronics sector, particularly in the production of cathode ray tubes (CRTs) for televisions and monitors. Strontium carbonate enhances the brightness and color quality of these displays, contributing to its widespread adoption in the consumer electronics industry. Additionally, the compound finds application in the manufacturing of ferrite magnets, crucial components in electronic devices, sensors, and electric motors. As the demand for electronic devices continues to grow, strontium carbonate remains integral to the production processes supporting technological advancements. Beyond electronics, strontium carbonate is employed in the ceramics industry, contributing to the production of durable ceramics and glazes. Its flame-retardant properties also make it a valuable additive in the construction industry, where it is used in coatings and materials requiring fire resistance. Furthermore, strontium carbonate plays a role in the production of various specialty chemicals and has applications in the pharmaceutical sector.
The Strontium Market is analyzed across various applications including Electrical and Electronics, Medical and Dental, Paints and Coatings, Personal Care, Pyrotechnics and Others. Of these, Electrical and Electronics held a significant market share in 2024. One of the primary applications is in the production of cathode ray tubes (CRTs) for televisions and monitors. Strontium compounds, particularly strontium carbonate, are integral in enhancing the brightness and color quality of CRT displays, contributing to the overall visual performance of electronic devices. The evolution of display technologies, including advancements in high-definition screens, underscores the continued importance of strontium in meeting the stringent requirements of the electronics industry. Moreover, strontium compounds are utilized in the manufacturing of permanent magnets, such as strontium ferrites, which find extensive use in electronic devices like sensors and electric motors. With the growing adoption of electric vehicles and the broader trend toward electromobility, the demand for strontium compounds in magnet manufacturing for electronic applications is poised for further expansion. As the electronics industry continues to drive innovation and produce increasingly sophisticated devices, the demand for strontium compounds remains robust.
By Product
By Application
By Region
*List not exhaustive
Strontium Market Outlook 2024
1 Market Overview
1.1 Introduction to the Strontium Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2024 Strontium Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Strontium Market Companies with Area Served
4.2.2 Products Offerings Global Strontium Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 post-COVID-19 Scenario- Low Growth Case
5.1.3 post-COVID-19 Scenario- Reference Growth Case
5.1.4 post-COVID-19 Scenario- Low Growth Case
6 Global Strontium Market Trends
6.1 Global Strontium Revenue (USD Million) and CAGR (%) by Type (2018-2030)
6.2 Global Strontium Revenue (USD Million) and CAGR (%) by Applications (2018-2030)
6.3 Global Strontium Revenue (USD Million) and CAGR (%) by regions (2018-2030)
7 Global Strontium Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Strontium Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Strontium Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Strontium Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Strontium Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Strontium Development Regional Status and Outlook
8.1 Global Strontium Revenue (USD Million) By Regions (2018-2022)
8.2 North America Strontium Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Strontium Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Strontium Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Strontium Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Strontium Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Strontium Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Strontium Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Strontium Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Strontium Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Strontium Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Strontium Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Strontium Revenue (USD Million) by Applications (2018-2022)
8.5 South America Strontium Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Strontium Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Strontium Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Strontium Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Strontium Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Strontium Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Strontium Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Strontium Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Strontium Market Revenue (USD Million), by Type, and Applications (2024-2030)
10.1 Global Strontium Revenue (USD Million) and Market Share (%) by Type (2024-2030)
10.1.1 Global Strontium Revenue (USD Million), and Market Share (%) by Type (2024-2030)
10.2 Global Strontium Revenue (USD Million) and Market Share (%) by Applications (2024-2030)
10.2.1 Global Strontium Revenue (USD Million), and Market Share (%) by Applications (2024-2030)
11 Global Strontium Development Regional Status and Outlook Forecast
11.1 Global Strontium Revenue (USD Million) By Regions (2024-2030)
11.2 North America Strontium Revenue (USD Million) by Type, and Applications (2024-2030)
11.2.1 North America Strontium Revenue (USD) Million by Country (2024-2030)
11.2.2 North America Strontium Revenue (USD Million), by Type (2024-2030)
11.2.3 North America Strontium Revenue (USD Million), Market Share (%) by Applications (2024-2030)
11.3 Europe Strontium Revenue (USD Million), by Type, and Applications (2024-2030)
11.3.1 Europe Strontium Revenue (USD Million), by Country (2024-2030)
11.3.2 Europe Strontium Revenue (USD Million), by Type (2024-2030)
11.3.3 Europe Strontium Revenue (USD Million), by Applications (2024-2030)
11.4 Asia Pacific Strontium Revenue (USD Million) by Type, and Applications (2024-2030)
11.4.1 Asia Pacific Strontium Revenue (USD Million), by Country (2024-2030)
11.4.2 Asia Pacific Strontium Revenue (USD Million), by Type (2024-2030)
11.4.3 Asia Pacific Strontium Revenue (USD Million), by Applications (2024-2030)
11.5 South America Strontium Revenue (USD Million), by Type, and Applications (2024-2030)
11.5.1 South America Strontium Revenue (USD Million), by Country (2024-2030)
11.5.2 South America Strontium Revenue (USD Million), by Type (2024-2030)
11.5.3 South America Strontium Revenue (USD Million), by Applications (2024-2030)
11.6 Middle East and Africa Strontium Revenue (USD Million), by Type, and Applications (2024-2030)
11.6.1 Middle East and Africa Strontium Revenue (USD Million), by region (2024-2030)
11.6.2 Middle East and Africa Strontium Revenue (USD Million), by Type (2024-2030)
11.6.3 Middle East and Africa Strontium Revenue (USD Million), by Applications (2024-2030)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Strontium Market Companies with Areas Served
Table 3 Products Offerings Global Strontium Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Strontium Revenue (USD Million) And CAGR (%) By Type (2018-2030)
Table 8 Global Strontium Revenue (USD Million) And CAGR (%) By Applications (2018-2030)
Table 9 Global Strontium Revenue (USD Million) And CAGR (%) By Regions (2018-2030)
Table 10 Global Strontium Revenue (USD Million) By Type (2018-2022)
Table 11 Global Strontium Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Strontium Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Strontium Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Strontium Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Strontium Market Share (%) By Regions (2018-2022)
Table 16 North America Strontium Revenue (USD Million) By Country (2018-2022)
Table 17 North America Strontium Revenue (USD Million) By Type (2018-2022)
Table 18 North America Strontium Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Strontium Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Strontium Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Strontium Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Strontium Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Strontium Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Strontium Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Strontium Revenue (USD Million) By Country (2018-2022)
Table 26 South America Strontium Revenue (USD Million) By Type (2018-2022)
Table 27 South America Strontium Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Strontium Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Strontium Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Strontium Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Strontium Revenue (USD Million) By Type (2024-2030)
Table 33 Global Strontium Revenue Market Share (%) By Type (2024-2030)
Table 34 Global Strontium Revenue (USD Million) By Applications (2024-2030)
Table 35 Global Strontium Revenue Market Share (%) By Applications (2024-2030)
Table 36 Global Strontium Market Revenue (USD Million), And Revenue (USD Million) By Regions (2024-2030)
Table 37 North America Strontium Revenue (USD)By Country (2024-2030)
Table 38 North America Strontium Revenue (USD Million) By Type (2024-2030)
Table 39 North America Strontium Revenue (USD Million) By Applications (2024-2030)
Table 40 Europe Strontium Revenue (USD Million) By Country (2024-2030)
Table 41 Europe Strontium Revenue (USD Million) By Type (2024-2030)
Table 42 Europe Strontium Revenue (USD Million) By Applications (2024-2030)
Table 43 Asia Pacific Strontium Revenue (USD Million) By Country (2024-2030)
Table 44 Asia Pacific Strontium Revenue (USD Million) By Type (2024-2030)
Table 45 Asia Pacific Strontium Revenue (USD Million) By Applications (2024-2030)
Table 46 South America Strontium Revenue (USD Million) By Country (2024-2030)
Table 47 South America Strontium Revenue (USD Million) By Type (2024-2030)
Table 48 South America Strontium Revenue (USD Million) By Applications (2024-2030)
Table 49 Middle East and Africa Strontium Revenue (USD Million) By Region (2024-2030)
Table 50 Middle East and Africa Strontium Revenue (USD Million) By Region (2024-2030)
Table 51 Middle East and Africa Strontium Revenue (USD Million) By Type (2024-2030)
Table 52 Middle East and Africa Strontium Revenue (USD Million) By Applications (2024-2030)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Strontium Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Strontium Revenue Market Share (%) By Type (2022)
Figure 5 Global Strontium Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Strontium Revenue Market Share (%) By Applications (2022)
Figure 7 Global Strontium Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Strontium Market Share (%) By Regions (2022)
Figure 9 North America Strontium Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Strontium Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Strontium Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Strontium Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Strontium Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Strontium Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Strontium Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Strontium Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Strontium Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Strontium Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Strontium Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Strontium Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Strontium Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Strontium Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Strontium Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Strontium Revenue (USD Million) By Type (2024-2030)
Figure 25 Global Strontium Revenue Market Share (%) By Type (2030)
Figure 26 Global Strontium Revenue (USD Million) By Applications (2024-2030)
Figure 27 Global Strontium Revenue Market Share (%) By Applications (2030)
Figure 28 Global Strontium Market Revenue (USD Million) By Regions (2024-2030)
Figure 29 North America Strontium Revenue (USD Million) By Country (2024-2030)
Figure 30 North America Strontium Revenue (USD Million) By Type (2024-2030)
Figure 31 North America Strontium Revenue (USD Million) By Applications (2024-2030)
Figure 32 Europe Strontium Revenue (USD Million) By Country (2024-2030)
Figure 33 Europe Strontium Revenue (USD Million) By Type (2024-2030)
Figure 34 Europe Strontium Revenue (USD Million) By Applications (2024-2030)
Figure 35 Asia Pacific Strontium Revenue (USD Million) By Country (2024-2030)
Figure 36 Asia Pacific Strontium Revenue (USD Million) By Type (2024-2030)
Figure 37 Asia Pacific Strontium Revenue (USD Million) By Applications (2024-2030)
Figure 38 South America Strontium Revenue (USD Million) By Country (2024-2030)
Figure 39 South America Strontium Revenue (USD Million) By Type (2024-2030)
Figure 40 South America Strontium Revenue (USD Million) By Applications (2024-2030)
Figure 41 Middle East and Africa Strontium Revenue (USD Million) By Region (2024-2030)
Figure 42 Middle East and Africa Strontium Revenue (USD Million) By Region (2024-2030)
Figure 43 Middle East and Africa Strontium Revenue (USD Million) By Type (2024-2030)
Figure 44 Middle East and Africa Strontium Revenue (USD Million) By Applications (2024-2030)
Figure 45 Bottom-Up and Top-Down Approaches for This Report
Figure 46 Data Triangulation
By Product
By Application
By Region