Antimony Market

Antimony Market Overview

The global antimony market is likely to be worth US$ 2 Billion in 2022 and is expected to reach USD 2.9 Billion by 2032, growing at a 4% CAGR from 2022 to 2032.

Antimony is a chemical element that can be metallic or nonmetallic. The metallic form is a bright silvery material that is brittle. Grey powder is the nonmetallic form of antimony. In dry air, antimony is a stable element that is inert to acids and alkalis. Antimony expands when cooled and is an inefficient conductor of electricity and heat. Antimony is one of the oldest known elements to mankind, having been used for a variety of purposes since 4000 BC.

Since the pandemic has taken over the common man's normal trends and way of life, market players have struggled to keep up with the changes and introduce new and changed tastes and preferences.

One of the major issues that the markets have faced since the coronavirus outbreak is the scarcity of skilled labour as a result of the imposed lockdown of both temporary and permanent labour, as well as the reduced availability of raw materials, which has resulted in a major disruption in the supply chain mechanism.

Which are Some Prominent Drivers Spearheading Antimony Market Growth?

The global demand for antimony is dominated by flame retardants, followed by lead acid batteries, and this trend is expected to continue during the forecast period. Increasing demand for flame retardants in a variety of end-user industries, such as plastic, has been one of the primary factors driving antimony demand. Lead acid batteries are used in a variety of industries, including automobiles and marine applications.

During the forecast period, rising demand for electric vehicles is expected to drive antimony demand. Consumer goods, such as automobiles and textiles, are major end user industries for antimony. As a result, macroeconomic factors such as GDP growth and purchasing power parity are important growth drivers for the antimony market.

What are the Challenges Faced by the Antimony Industry?

Antimony exposure can cause serious health problems such as breathing problems, skin irritation, and lung cancer, among other things. Antimony also causes several environmental hazards, which has resulted in an increase in the number of regulations to regulate antimony consumption, stifling market growth for antimony

Why is Asia-Pacific Emerging as an Opportunistic Antimony Market?

The Asia Pacific region dominates the global antimony market, owing primarily to high demand in China. China controls more than 80% of global antimony production; additionally, high GDP growth in the region is expected to drive the antimony market during the forecast period.

China remained the world's leading antimony producer in 2021, accounting for 55% of global mine production. According to the US Geological Survey (USGS), total antimony mine production in the country will be 60,000 metric tonnes in 2021.

Nikhil Kaitwade

Principal Consultant

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How is Europe Contributing to Growth of the Antimony Market?

In 2020, Europe accounted for a sizable portion of global antimony market revenue. Stringent government regulations, antimony's fire-resistance properties, and rising demand for safer products and materials for use in a variety of products and industries are expected to drive market growth.

In the European market, there is a growing demand for safe and fire-resistant products, and industries are adopting similar product patterns. As a result, demand and profits in this market have the potential to recover. Revenue expectations are rising and may begin to rise by the end of the current forecast period.

Market Competition

Some manufacturers in the antimony market include Shanghai Metal Corporation, Beijing North Xinyuan Electrical Carbon Products Co.Ltd and Qingdao Glory International Trading Co. among several others.

Campine expands its recycling activities in January 2021 with an innovative process for recycling chemicals directly from post-consumer and industrial metal waste. It includes antimony production from waste streams.

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Report Scope

Key Segments Profiled in the Antimony Industry Survey

Product Type:

• Antimony Trioxide
• Antimony Pentoxide
• Antimony Alloys
• Antimony Metal Ingots
• Other Antimony Product Types

Application:

• Antimony Flame Retardants
• Antimony Lead-Acid Batteries
• Antimony Plastic Additives
• Antimony Stabilizers
• Antimony Catalysts
• Antimony Glass and Ceramics
• Antimony Others

End-Use Industry:

• Antimony for the Chemical Industry
• Antimony for the Automotive Industry
• Antimony for the Electrical and Electronics Industry
• Antimony for Other End Use Industries