March 2020
BWC19431

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antimony market bwc19431
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
Attribute |
Details |
Years Considered |
Historical data –
2016-2019 |
Base Year – 2019 |
|
Forecast – 2020 – 2026 |
|
Facts Covered |
Revenue in USD
Million/Billion |
Market Coverage |
U.S, Canada, Germany, UK,
France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China,
India, UAE, South Africa, Saudi Arabia |
Product/Service Segmentation |
By Product Type,
Application, and End-Use Industry |
Key Players |
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 |
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
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