Global Strontium Sulfate Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Strontium Sulfate industry revenue is expected to be around $281.4 million in 2025 and expected to showcase growth with 5.8% CAGR between 2025 and 2034. The significant growth in the market for STRONTIUM SULPHATE can largely be credited towards the rising importance of the material across industries that use it as an essential component in their products or processes. Factors driving this expansion include its range of applications and continuous technological innovations and research efforts that contribute towards enhancing its properties and uses. Additionally increased awareness about sustainability issues and strict environmental regulations are playing a role in supporting this sustained development by encouraging the adoption of environmentally friendly materials like STRONTIUM SULPHATE. Moreover the steady global economic progress in emerging markets is further boosting the relevance and demand, for this substance.
Strontium sulfate is a of compound represented by the chemical formula SrSO4. Its characteristic white crystalline form is well known for being unable to dissolve in water and standing up well against most acids except for sulfuric acid. Its notable attributes such as its density level, chemical stability and lack of toxicity have led to its ranging applications in various fields such, as paint production, glassmaking, pottery and medical diagnostics.
Market Key Insights
- The Strontium Sulfate market is projected to grow from $265.9 million in 2024 to $467 million in 2034. This represents a CAGR of 5.8%, reflecting rising demand across Powder Metallurgy, Medical and Glass Manufacturing.
- Iran Celestite Co., ChemicalBull Pvt. Ltd., Hebei Saisier Technology Co. Ltd. are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Strontium Sulfate market and are expected to observe the growth CAGR of 3.8% to 5.6% between 2024 and 2030.
- Emerging markets including Mexico, South Korea and Saudi Arabia are expected to observe highest growth with CAGR ranging between 6.7% to 8.0%.
- Expand in Paint and Coating Industry transition is widening cross-selling opportunities across the Strontium Sulfate industry ecosystem, helping companies drive stronger adoption of their full product portfolio. This ecosystem pull-through is projected to add $4 million to Strontium Sulfate industry product sales in 2025.
- The Strontium Sulfate market is set to add $201 million between 2024 and 2034, with manufacturer targeting Paints & Coatings & Glass Manufacturing Industry Application projected to gain a larger market share.
- With Expanding applications in the paints and coatings sector, and Increasing use in medical field, Strontium Sulfate market to expand 76% between 2024 and 2034.