Global Antimony Market Trends, Opportunities & Forecast 2032
The global antimony market size was USD 1.01 billion in 2023 and is projected to grow from USD 1.08 billion in 2024 to USD 1.78 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period. The global antimony market size is expected to gain momentum backed by the increasing demand for manufacturing of advanced flame retardant products during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Antimony Market, 2025-2032.”Antimony (Sb) is a silver-grey chemical element with a glossy and silky surface. It is an extremely rare element in the earth’s crust. It is used to harden lead alloys in pyrotechnics, semiconductor technology, sheet and pipe, collapsible tubes and foil, solder, bearing metal, type metal, storage cables and batteries, and solder. The rising demand for the chemical from the chemical manufacturing sector may foster the industry's growth. Furthermore, the rising industrial demand for high-quality chemicals may foster its sales. These factors may propel industry growth during the upcoming years.
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Antimony Market Segmentation:
By type, the market is segmented into metal ingot, trioxide, pentoxide, alloys, and others. On the basis of application, the market is segregated into lead acid batteries, flame retardant, alloy strengthening agent, fiberglass composites, catalyst, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers and Restraints:
Strong Adoption of Flame Retardants May Foster Industry Growth
The chemical is physically blended and inserted into several products and textiles. It is used in paints, rubbers, textiles, children’s clothing, and industrial safety is expected to boost the industry progress. Further, strict government regulations by the Occupational Safety and Health Administration OSHA for adopting flame retardant clothing are expected to boost the market development. Moreover, increasing investments in the development of effective chemicals may foster industry progress. These factors may incite antimony market growth.
List of Key Players Profiled in the Antimony Market Report
- Campine NV (Antwerp, Belgium)
- Huachang Antimony Industry (Yiyang, China)
- United States Antimony Corp (Montana, U.S.)
- Korea Zinc Co. Ltd, (Seoul, South Korea)
- Lambert Metals International (Bushey, U.K.)
- Mandalay Resources Ltd (Toronto, Canada)
- NYACOL Nano Technologies (Massachusetts. U.S.)
- Suzuhiro Chemical & Materials (Ibaraki, Japan)
Regional Insights:
Presence of a Huge Production Base to Foster Market Growth in Asia Pacific
Asia Pacific is expected to dominate the antimony market share because of the presence of a huge production base. The market in Asia Pacific stood at USD 0.6 billion in 2021 and is expected to gain a huge market share in the upcoming years. Furthermore, the presence of a huge reserve in China may facilitate the adoption of the element. These factors may propel industry development.
In Europe, substantial production of antimony oxide may boost the adoption of the chemical. Furthermore, robust demand for lead-acid batteries may fuel the adoption of the chemical. These factors may propel industry progress.
In North America, the rising demand for flame retardants is expected to boost the adoption of flame retardants. Further, strong demand from the electronics sector may foster the market’s progress.
Competitive Landscape:
Manufacturers Devise Expansion Strategies to Boost Market Presence Globally
Prominent companies operating in the market devise expansion strategies to boost market presence and increase sales. For example, Campine utilized advanced technology to expand its recycling efforts in January 2021. This development was undertaken to recycle chemicals from industrial and post-consumer metal trash. This strategy may boost its market reach, attract consumers, and enhance its market reach. Furthermore, companies adopt research and development, mergers, acquisitions, partnerships, and automated production techniques to recover costs and boost their market position.
Industry Development
- December 2021: NAFRA, alongside two universities, began a project to develop recycling and recovery for antimony and bromine from flame retardant plastics.
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