Global Antimony Market Forecast and Trends

The global Antimony market has reached USD 2.14 Billion in 2019 and estimated to reach USD 3.251 Billion in 2026 and anticipated to grow by CAGR of 6.27% during the forecast period 2020-2026. The major driving factors on the antimony market are rising rates of flame retardant products and increasing demand from PET producers. Increasing demand for electric vehicles and flame retardants has been driving the overall demand for Antimony in numerous end-user industries such as plastics. Besides, macroeconomic factors such as GDP growth and the difference in purchasing power are essential drivers of the antimony market. Increasing population buying power in some of the emerging economies is also driving antimony market growth through the applications in which they are being used. The growth of the antimony market can also be due to the use of Antimony in the chemical industry for applications such as flame synergists, catalysts, and stabilizers.

Global Antimony Market: Overview

Antimony is a chemical element that occurs in metallic as well as for non-metallic forms. The metallic type is material that is light silver and brittle. The non-metallic antimony type is gray powder. Antimony in dry air is a stable element, expands on cooling, and functions as a lousy electricity and heat conductor. Antimony is freely available in nature, and can also be extracted from ores like valentinite and stibnite. Elemental Antimony is found in relatively small amounts due to the high arsenic, lead, silver, and copper reactivity of the Antimony. Stibnite is the widely used antimony extraction ore, the antimony ores are crushed, and then the Antimony is extracted by hand from the crushed ore. Among other accessible sources for Antimony is recycled Antimony. Not only that, as a natural source of Antimony, it gains broad popularity. Metallic Antimony is weak and must be combined with other metals or alloys for high resistance applications.

Growth drivers

Increasing implementation of stringent regulations regarding fire safety

Fire safety regulations are becoming strict around the globe, leading to innovative flame retardants being developed. Stringent legal frameworks and industry standards strongly influence the production of flame retardants. Fire safety regulations vary across regions, depending on the corresponding national health and environmental safety regulations. Such regulations are particularly stringent in Europe and North America and will drive lucrative growth in the antimony market in the upcoming years.

Rising demand for EV

Rising demand for electric vehicles during the forecast period expected to drive demand for Antimony. During the ongoing past, interest in electric vehicles has flooded enormously, attributable to expanding natural concerns and the spotlight on lowering fuel use. Lead-acid batteries structure an essential piece of electric vehicles and generally use Antimony in these batteries. Additionally, increasing demand for Antimony driven by its use in fire-resistant items and the generation of PET. Over the past few years, the focus raised on the production and evaluation of new Antimony across developed economies.

Increasing Usage in Fiberglass Composites Application

Antimony used as an additive to composites made from fiberglass. Antimony compounds are added directly to the resin and spread through standard mixing machines. Resin combined with Antimony often stirred to keep the products well balanced. It is commonly used because of its properties, which are better heat-resistant and chemical-resistant. The antimony market due to the high strength of fiberglass composites.

Restraint

Health effects associated with exposure to Antimony

The health effects related to antimony toxicity are one big obstacle for the global antimony market. Known health risks include lung cancer, skin irritation, and difficulty breathing, among others. Strict government regulations are the product of the factor mentioned above, and this also affects the overall market for Antimony.

Global Antimony Market: Product Type

The global antimony market segmented into trioxides, alloys & others based on the product type. The segment dominates the global market with a significant growth rate among the group trioxides. The evolving dynamics that fuel this growth makes keeping up with the growing pulse of the market crucial for businesses in this area. The extensive use of Antimony in the manufacture of lead-acid batteries.

Global Antimony Market: Application

Globally fragmented into flame retardants, lead-acid batteries, plastic additives, glass & ceramics & others, based on application antimony market. Following the lead-acid group, the flame retardant segment is expected to be the largest antimony market application category in the forecast period, both in terms of value and volume, due to the high demand for antimony trioxide as a flame synergist in plastics, furniture, mattresses, fabrics, and others. Lead-acid batteries are used in various industries, including aerospace, marine, and other industries.

Global Antimony Market: End-Use Industry

The main segments are Chemical, Automotive, Electrical & Electronics & others based on end-use industry application. As a key segment leading the global antimony market in the coming years, the automotive industry anticipated that macroeconomic factors such as GDP growth and purchasing power parity would also be among the major growth drivers for the antimony market.  Antimony used in automotive-sector lead-acid batteries. Followed by the chemical industry in the automotive sector, lucrative development is observed as a burning synergist, catalyst, and stabilizer. In the late-stage polymerization of PET processing, the process of antimony trioxide/triacetate is used as a polycondensation catalyst. The rapid progress made by the battery industry in the different parts of the world behind the growing automotive sector is an important factor in boosting the global market for Antimony.

Global Antimony Market: Regional Insights

Geographically antimony market segmented into the field of North America, Europe, Asia-Pacific, Latin America & MEA. Amidst the national segmentation APAC, the leading antimony producers are China, Australia, Tajikistan, and Myanmar. China comes out as an effective antimony exporter. Shipments of Antimony from China sometimes delayed due to strict export control across the border with Vietnam. The geopolitical situation along China and Vietnam's borders also contributes to the shutdown of exports of Antimony at the Vietnam-China border. The region's market is driven by the high demand in applications for flame retardants, plastic additives, and lead-acid car batteries. China has the largest antimony reserves.

Antimony: Competitive Landscape

The major market players in the antimony market are focusing on explaining their portfolio of services in the global market. Such as AMG Advanced Metallurgical Group, Mandalay Resources Ltd, United States Antimony Corporation, Korea Zinc, Recyclex, Nihon Seiko Co., Ltd., Umicore, Hunan Chenzhou Mining Group Co., Ltd, Huachang Antimony Industry, Geopromining, Ltd., Consolidated Murchison Mine, Belmont Metals, American Elements, Tri-Star Resources PLC, Amspec Chemical Corporation and Other Prominent Players.

The objective of the Study:

To analyze and forecast the global Antimony market size of the market in terms of value.

To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

The Global Antimony market segmented into five regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

To outline, categorized, and forecast the global Antimony market based on the product type, application, and end-use industry with the region.

To examine competitive developments like technological advancement, services, and regulative framework within the global Antimony market.

To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Scope of the Report

By Product Type

·         Trioxides

·         Alloys

·         Others

By Application

·         Flame Retardants

·         Lead-Acid Batteries

·         Plastic Additives

o    Stabilizers

o    Catalysts

·         Glass & Ceramics

·         Others

By End-Use Industry

·         Chemical

·         Automotive

·         Electrical & Electronics

·         Others

By Region: 

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Business Questions Answer by the Report

How will the market drivers, restraints, and opportunities affect the market dynamics?

What will be the market size in terms of value and volume and market statistics with a detailed classification?

Which segment dominates the market or region, and one will be the fastest-growing, and why?

A comprehensive survey of the competitive landscape and the market participant players

Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority, and that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

With five additional company detail analysis

Additional country analysis

Detailed segment analysis