Overview

The Strontium Market is projected to reach USD 854.4 million by 2034, rising from USD 486.2 million in 2024, registering a CAGR of 5.8% between 2025 and 2034. Asia Pacific remains a key demand center, accounting for USD 187.1 million, supported by strong industrial production and ongoing infrastructure expansion.

Strontium is a naturally occurring alkaline-earth metal valued for its reactivity and stability in compound form. It is widely applied in ceramics, specialty glass, electronics, pigments, and energy systems due to its durability, thermal resistance, and reliable performance. The market encompasses the extraction, processing, and application of strontium minerals and derivatives across industrial and advanced technology sectors, particularly where long service life and consistent output are critical.

Market momentum is reinforced by investments in advanced science and energy innovation. A USD 50 million funding round secured by a U.S.-based nuclear battery startup highlights rising interest in long-life power technologies involving strontium isotopes. In parallel, the MAGIS-100 quantum experiment at Fermilab, supported by U.K. funding, reflects the expanding requirements for high-purity materials.

Defense-related manufacturing is another growth driver, with the Pentagon allocating USD 192.5 million to strengthen domestic chemical production for defense. Additionally, Ecoat’s €21 million funding to develop sustainable paint technologies underscores the growing adoption of strontium compounds in eco-friendly pigments and corrosion-resistant coatings.

Top Key Players in the Market

• ABASSCO
• Basstech International
• Joyieng Chemical LTD.
• ProChem
• Sakai Chemical Co., LTD.
• Solvay
• Others

Company Profile Information

1) ABASSCO (Asia Barium & Strontium Salts Co. Group Ltd.)

ABASSCO is a specialist chemical manufacturer focused on strontium and barium compounds in the Middle East. It produces strontium carbonate, strontium sulfide, sodium hydrosulfide and related salts used in ceramics, glass and industrial chemical applications. The company has built multiple production units with automated systems to meet global demand, exporting products from Europe to Asia. (https://abassco.com/)

ABASSCO emphasizes domestic technical knowledge and large capacity (30,000 tonnes) for strontium and barium compound manufacturing. It supplies to international customers and maintains logistics and warehousing for efficient delivery worldwide. (https://abassco.com/)

2) Basstech International

Basstech International supplies specialty chemicals and raw materials globally since 1994, with a strong focus on engineered polymers, inorganic chemicals, and additives. It serves diverse sectors including structural clay, PVC additives, metal treatment, refractories, coatings, and rubber compounding. (https://basstechintl.com/)

The company’s mission is to provide challenging-to-source chemical products with reliable delivery and service. Basstech operates from its Fort Lee, New Jersey headquarters and supports transloading operations throughout North America and Europe. (https://basstechintl.com/contact-us/)

3) Joyieng Chemical Ltd.

Joyieng Chemical Ltd is a Chinese fine chemicals manufacturer producing a range of inorganic salts, including barium and related compounds. Its portfolio includes barium salts, barium carbonate, sulphate, chloride, hydroxide and other specialty chemicals for ceramics, electronics, pharmaceuticals and industrial use. (https://www.joyiengchem.com/)

The company highlights sophisticated laboratory controls to ensure product stability and quality. Joyieng emphasizes research and development in inorganic chemical technology to support expanding industrial applications. (https://www.joyiengchem.com/col.jsp?id=116)

4) ProChem

ProChem (Prochem Turnkey Projects Pvt. Ltd.) designs and supplies bulk material handling and processing equipment used in chemical, powder and solids processing industries. Its solutions include unloading systems, conveying systems, blending systems, milling and filling systems, and accessories. (https://www.prochem.co.in/products.php)

The Pune-based company supports bespoke turnkey installations, integrating mechanical and pneumatic technologies for industrial clients. Its product range serves factories handling diverse powders and bulk solids. (https://www.prochem.co.in/products.php)

5) Sakai Chemical Co., Ltd.

Sakai Chemical is a research-driven Japanese chemical producer with a diverse portfolio including titanium dioxide, barium and strontium products, zinc oxide, plastic additives, catalysts, electronic materials, cosmetic raw ingredients, and pharmaceuticals. (https://www.sakai-chem.co.jp/en/)

The company emphasizes technological innovation and new material development, supporting social and industrial needs through chemical creativity. Its mission is to create materials that contribute to comfort and a sustainable future. (https://www.sakai-chem.co.jp/en/)

6) Solvay

Solvay is a global chemical leader with a legacy since 1863, focusing on essential chemistry and sustainable solutions across sectors such as automotive, healthcare, electronics, and construction. In 2024 it reported about €4.7 billion in net sales with ~9,000 employees in 41 countries. (https://www.solvay.com/en/)

Solvay’s products include soda ash, sodium bicarbonate, peroxygens, high-performance silica, fluorine chemicals, and rare earth oxides. The company emphasizes sustainability, aiming for carbon neutrality by 2050 and innovative chemistry for future technologies. (https://www.solvay.com/en/our-company)

Conclusion

Strontium plays a vital role across multiple industrial and advanced technology sectors due to its stable chemical behavior and adaptability in compound form. Its applications in ceramics, specialty glass, electronics, coatings, and energy systems highlight its importance in both traditional manufacturing and emerging technologies. Growing research activity, defense modernization, and innovation in sustainable materials continue to expand its relevance in high-performance environments.

As industries focus on durability, efficiency, and long service life, strontium-based compounds offer reliable solutions. With expanding industrial infrastructure and scientific advancements worldwide, the material is expected to maintain steady demand and strategic significance across global markets.

Discuss your needs with our analyst

Please share your requirements with more details so our analyst can check if they can solve your problem(s)

Request a Sample Download PDF