Antimony Market projecting a CAGR of 6.27% during the forecast period, 2020-2026

According to BlueWeave Consulting, 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 … Read More ...

According to BlueWeave Consulting, 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 rising demand for electric vehicles during the forecast period expected to drive the demand for Antimony in the global market with the lucrative growth rate.

The increasing trend & interest in electric vehicles is due to expanding natural concerns and the spotlight on lowering fuel use—besides, increasing demand for environment-friendly vehicles. Diseases caused by air and water pollution are epidemic among minorities creating demand & witness growth of EV in upcoming years. Lead-acid batteries structure an essential piece of electric vehicles and generally use Antimony in these batteries.

Stringent legal frameworks and industry standards strongly influence the production of flame retardants. Fire safety regulations are becoming strict around the globe, leading to innovative flame retardants being developed. 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 during the forecast period. Besides, macroeconomic factors such as GDP growth and the difference in purchasing power are important drivers of the antimony market.

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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.

Increasing Usage in Fiberglass Composites Application contributing to a significant growth rate in global antimony market during the forecast period

In current trend antimony used as an additive to fiberglass composites, these 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. Antimony is commonly used because of its properties, which are better heat-resistant and chemical-resistant. The market for fiberglass composites is expected to grow at a fast pace and indirectly drive the growth trend of the antimony market across the globe. Composites are rapidly replacing all conventional materials in many applications, such as aerospace, automobiles, construction, electrical, and electronics, due to their high strength, low cost, easy processability, and availability in various forms and shapes with excellent aesthetics.

China is expected to witness lucrative demand in the Asia-Pacific region

Geographically antimony market segmented into the field of North America, Europe, Asia-Pacific, Latin America & Middle East & Africa. The Asia Pacific, 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. Electronic products have the highest growth in the consumer electronics market, such as smartphones, OLED TVs, laptops, etc. As the middle-class population’s disposable income rises, demand for electronic products is projected to grow in the near future, boosting the country’s antimony sector. 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

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Health effects associated with exposure to Antimony expected to hamper the market growth with a considerable rate in upcoming years

The adverse health impact associated with antimony toxicity, such as health risks includes lung cancer, skin irriation, and difficulty breathing, among others, are one big obstacle for the global antimony market. Strict government regulations are the product of the factor mentioned above, and this also affects the overall demand for Antimony.

Scope of the Reports

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 Top of Form

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About BlueWeave Consulting & Research Pvt Ltd. (BWC)

BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.

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About the author

Sharan Stone

Sharan Stone

Sharan comes to Market Research Tab with more than 7 years of experience as an editor. Sharan has his fingers firmly placed on the pulse of the business world and he covers retail, construction, and other industries as an editor for Market Research Tab. Email: [email protected]

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