The global demand for Antimony Market is presumed to reach the market size of nearly USD 3.82 MN by 2028 from USD 2.06 MN in 2021 with a CAGR of 7.1% under the study period 2022 - 2028.
Antimony is a chemical element having atomic number 51 and the symbol Sb. It is mainly found in nature as the sulphide mineral stibnite(Sb2S3), a glossy grey metalloid. Antimony comes in a metallic form that is dazzling silver in colour and is usually constructed of a fragile material. Antimony is a grey powder in its non-metallic state. In dry air, antimony is a stable element that is unaffected by acids and alkalis. Antimony expands when it cools, and it is thought to be a poor conductor of electricity and heat. Antimony is derived from stibnite and valentinite ores.
Market Dynamics
Because antimony is employed in fire safety, the most crucial driving reason for the growth of the antimony market is the increasing fire safety laws in commercial and private areas. Antimony is also utilized as an adhesion enhancer in fibreglass composites. Antimony has a strong adhesion property, and as a result, this will be another essential component in the market's growth. Antimony is believed to be the most stable element when placed in dry air, leading to the investigation of newly discovered antimony reserves, which is another significant driver of market growth. Antimony can be recovered and reused from lead-acid batteries because it is utilized in them. Because spare lead-acid batteries may be used to recover antimony, this is an essential element driving market expansion. Other factors, like increased industrialization and rising demand for polyethylene terephthalate (PET) packaging made with antimony as a significant element, are expected to propel the market forward over the years. However, antimony is a chemical element and harms the environment and raises health problems in humans. This demerit might restrict the market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of antimony. The growth and trends of antimony industry provide a holistic approach to this study.
Market Segmentation
This section of the antimony market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
By Application
- Flame Retardant
- Plastic Additives
- Lead Acid Batteries
- Glass & Ceramics
- Others
By End-Use Industry
- Chemical
- Automotive
- Electrical & Electronics
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Antimony market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Antimony Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the antimony market include AMG Advanced Metallurgical Group (Netherland), Mandalay Resources (Canada), United States Antimony Corporation (USAC) (US), Korea Zinc (South Korea), and Recyclex (France). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
