Strontium Market to reach $650mn by 2025 Strontium Market | Page 2

Stern government standards have been implemented to curb pollution in several
countries. Some of these guidelines also constrain the use of fireworks. Since
strontium is widely used in fireworks, therefore, regulations imposed to limit their use
will have a negative impact on the overall strontium market size.
Strontium sulfate registers a CAGR over 6.5% by 2025. It is popularly used to
produce ceramic ferrite magnets that are commonly used in loudspeakers, small
motors, toys and other electronic equipment owing to their favorable magnetic
properties and low cost.
Application in medical and dental sector will account for close to a tenth of the
strontium market size in 2025. It helps in increasing bone formation and prevents
bone loss when used in postmenopausal women with osteoporosis. The synthetic
form of strontium is radioactive in nature and is used for killing certain cancer cells.
The mineral is also used in treating osteoarthritis as it boosts collagen and cartilage
formation in joints. It is also used in making toothpastes for sensitive teeth in order to
prevent decay.
U.S. Strontium Market Size, By Application, 2014 - 2025 (USD Million)
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