According to the latest report by IMARC Group, titled “Antimony Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on antimony industry share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global antimony market reached a value of US$ 1.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2027, exhibiting a CAGR of 7% during 2022-2027.
Antimony refers to the chemical element that is either derived from the naturally occurring sulfide mineral stibnite or can be extracted from ores, such as stibnite and valentinite. This lustrous grey element exists in metallic and non-metallic forms. The metallic form is brittle, hard, and bright silvery-bluish in color, whereas the non-metallic form is obtainable in the form of greyish powder. Antimony is a stable element in dry air and is static to alkalis and acids. In addition, this element is also a poor conductor of heat and electricity. As a result, antimony finds widespread applications in the manufacturing of semiconductor devices, including batteries, low-friction metals, infrared detectors and diodes, flame-proofing materials, ceramic enamels, and paints.
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Market Trends:
The escalating product demand for the production of lead-acid batteries, solders, pipes, castings, and bearings for transistors that form a crucial part of various consumer electronics, such as computers, calculators, portable stereos, and gaming devices, is among the primary factors driving the antimony market. Besides this, the extensive utilization of flame retardants across several industry verticals, including electrical, construction, automotive, and aerospace, is further augmenting the market growth. Moreover, antimony is increasingly utilized as a polycondensation catalyst in the manufacturing process of polyethylene terephthalate (PET) for food packaging and beverage bottling, which is also catalyzing the global market. Apart from this, the growing popularity of antimony-based fiberglass composites with chemical and heat-resistant properties is acting as another significant growth-inducing factor. Furthermore, the elevating product requirement for producing plastic additives and halogenated compounds to create a synergistic effect and the emerging trend of industrialization are anticipated to propel the antimony market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- AMG Advanced Metallurgical Group
- BASF SE
- Campine
- Huachang Antimony Industry
- Hunan Chenzhou Mining Group Co. Ltd
- Korea Zinc Co. Ltd
- Lambert Metals International
- Mandalay Resources Ltd
- Nihon Seiko Co., Ltd
- NYACOL Nano Technologies, Inc
- Recylex
- Suzuhiro Chemical
- Tri-Star Resources
- United States Antimony
- Village Main Reef Ltd.
- Yunnan Muli Antimony Industry Co. Ltd
Antimony Market Segmentation:
Our report has categorized the market based on region, product type, application and end-use industry.
Breakup by Product Type:
- Antimony Trioxide
- Antimony Pentoxide
- Alloys
- Metal Ingots
- Others
Breakup by Application:
- Flame Retardants
- Lead-Acid Batteries
- Plastic Additives
- Stabilizers
- Catalysts
- Glass and Ceramics
- Others
Breakup by End-Use Industry:
- Chemical
- Automotive
- Electrical and Electronics
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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