According to the latest report by IMARC Group, titled “Antimony Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on antimony market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global antimony market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.63% during 2023-2028.
Antimony is a chemical element with the symbol Sb and atomic number 51. This metalloid is found in nature primarily as the sulfide mineral stibnite. It is known for its various applications. Antimony is used in flame retardants and alloys and as a catalyst in polyester production. Its compounds have been employed in traditional medicines for centuries. Antimony is characterized by its brittle, silvery-white appearance and poor conductor of heat and electricity. Due to its toxic properties, antimony requires careful handling, but its unique combination of physical and chemical attributes makes it valuable in diverse industrial and scientific processes.
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Market Trends:
The global market is majorly driven by the increasing product use as a flame retardant in various industries, including plastics, textiles, and electronics. In line with this, the growing awareness of fire safety regulations and the need for flame-resistant materials in construction and consumer goods further drive the adoption of antimony-based flame retardants. Furthermore, the product’s role as a hardening agent in alloys, particularly lead-acid batteries, adds to market expansion. With the rising demand for batteries in automotive and renewable energy applications, the need for antimony in alloy formulations increases, supporting market growth.
Besides, the metalloid’s applications in the production of semiconductors and catalysts contribute to market dynamics. Antimony compounds serve as catalysts in manufacturing polyethylene terephthalate (PET) and contribute to the growth of the plastics industry. Moreover, the use of antimony in the glass industry, which improves the stability and refractive index of glass, further propels market growth. The expanding construction and automotive sectors contribute to the increased demand for antimony in glass formulations. Additionally, ongoing research and development exploring new applications for antimony, such as in energy storage technologies and niche industries, contribute to market expansion. As technological advancements continue, the versatility of antimony in various industrial processes positions it as a valuable element in manufacturing.
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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 (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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