Rising hybrid vehicle trend and flame-retardants in multiple end-user industries is driving the global antimony market.
Covid-19 Impact & Market Status
In early 2020, key economies around the world issued mobility bans and suspension orders. Many industries were severely affected including the antimony industry. Owing to mobility restrictions in different parts of the world, the manufacturing industry faced supply side shortages, shortage of productive workers, and insufficient supply of metal products as well as raw materials. As price of antimony is directly proportional to the availability of antimony, declining supply of antimony and high market demand led to a rise in antimony prices severely impacting the growth of global antimony market. However, the post-pandemic scenario and regained momentum across all the industries including chemical, automotive, manufacturing, and others has led to steady increase in demand of antimony. This has led to surge in market performance of global antimony market.
The Antimony market is expected to grow at a CAGR of 6.7% to reach Antimony Market in 2029.
This report on global antimony market gives a sneak-peak into the latest trends and developments in the global antimony market. The report details the market size, growth rate of global antimony market along with individual market sizes and growth rates. Moreover, the report presents growth rate projections based on current facts, figures, and trends and previous years data from 2018-2020. The report highlights the opportunities existing and forthcoming in the global antimony market with risks and challenges the market players should address to realize full market potential. The report discusses the competitive environment of the antimony market at domestic and global level. The report studies the performance of the global antimony market in key countries and regions. Finally, the report provides some recommendations and solutions for the market players which help to take well-informed decisions.
Stable Antimony Segment Accounted for Highest Market Share
The global antimony market is divided into stable and metastable (explosive, black, yellow) on the basis of type. Antimony is used in various applications such as flame retardants, lead acid batteries, plastics additives catalyst, glass & ceramics and others. Among these, the stable antimony segment accounted for largest market share and is anticipated to witness greater growth rate and revenue in years ahead owing to factors like rising demand for antimony in industries like electronics, automotive, chemical, manufacturing, metallurgical, and other.
Batteries Segment is Poised for Rapid Growth
The global antimony market is classified into batteries, printing press, bullets, cable sheathing, paints, enamels, pottery, glass, and others on the basis of Application. Among these the batteries segment witnessed strong progress in the global antimony market owing to factors like growth in automotive industry and rising manufacturing of hybrid vehicles.
Chemical Industry To Bag Robust CAGR
The market is classified into electronics, automotive, chemical, manufacturing, metallurgical, other on the basis of end user industry. The chemical component revenue is anticipated to register a robust CAGR at the time of forecasting. Antimony could be a moderately active substance, doesn't degrade oxygen at temperature, and doesn't react with cold water or cold acids. it's widely utilized in the chemical and automotive industries.
APAC to Retain Dominant Market Position
Global Antimony Market is predicted to grow to the best within the APAC region especially in India and China during the forecast period. China emerges because the undisputed leader within the global market. the most reason for this undoubted governance is that there are large savings centers within the region that make sure that the district contains a sizable amount of individuals willing to figure as cheap workers. Also, North American and European countries are expected to grow at a slower pace thanks to stricter government regulations that make more barriers than potential markets for global markets to thrive and develop during forecasts.
The rising demand for semiconductor devices in the electronics industry has increased the need of metals that can improve the hardness and strength of the materials. This has improved the reliance on antimony resulting in impressive growth of global antimony market.
Owing to benefits such as durability, improvement to hardness and strength of lead or other metals, increased mechanical strength of metals, flame retardant, improved life of industrial products,
There is an enormous increase in fire safety regulations in both private and commercial areas that increase the need of antimony. Antimony is employed in schools, offices, and other place as it ensures fire safety. Also, antimony plays a crucial role as an additive to fibre-glass composite for adhesive purposes thereby contributing to global market growth at this point.
Due to contact concerns and cable concerns in various locations, fire safety and availability of suitable materials are required. This is a key factor in growing demand for the Antimony Market. Also, antimony acts as a clotting factor when exposed to dry air leading to invention of antimony storage areas. All of those factors are likely to present significant opportunities for global antimony market performance so as to expand and dominate global trade.
Recognizing the risks of maintaining natural health that increases after using antimony, there's a rise in investment to cut back the negative effects of using antimony on the environment, and, greater steps are being taken to scale back public health risks. Advances in technology are helping antimony to be used with lead-acid batteries, aiding and abetting which is why, with the introduction of the Antimony Market with great global growth and dominance over time.
Antimony, a semi-metallic element mainly found in stibnite and valentinite, also exists naturally, but in small quantities, so this element has metallic and non-metallic properties. within the development of cosmetic and medical properties, antimony plays a crucial role. Currently, modern advances in extraction and refining technology have produced enough pure nutrients. this is often a very important consider the expansion of the antimony market worldwide. Antimony has spread out new market opportunities within the production of the many semiconductor devices like diodes and infrared detectors.
Antimony trioxide, also referred to as antimony oxide, may be a highly synthetic and widely used compound of basic antimony. Antimony is employed as a cleaning agent / decolorant / antisolarant for prime quality clear glass. They're used on the electron beam tube (CRT) visual display unit of computers and TV receivers. Antimony is also used as an opacifier within the ceramic industry.
Antimony for specific battery components provides strength, corrosion resistance, and movement resistance. Antimony provides leadership skills and directs and accelerates grid distribution. They are used worldwide on car batteries. However, continued exposure leading to severe health effects, high maintenance costs, and emergence of new technologies such as lithium-ion batteries has decreased its use hampering the global antimony market. Furthermore, rising hybrid vehicle trend and flame-retardants in multiple end-user industries, rising demand for semiconductor devices in the electronics industry is anticipated to be growth opportunity to the global antimony market.
Some of the major players in global antimony market are AMG Advanced Metallurgical Group, Yunnan Muli Antimony Industry, Village Main Reef, United States Antimony, Tri-Star Resources, Suzuhiro Chemical, Recylex, NYACOL Nano Technologies, Nihon Seiko, Mandalay Resources, Lambert Metals International, Korea Zinc, Hunan Chenzhou Mining, Huachang Antimony Industry, Campine, and BASF SE among others.
Recent Innovations in Global Antimony Market: A Snapshot
- In May 2018, the Antimony Corporation proceeded with the development of Los Juarez gold-silver-antimony deposit leak factory in Queretaro, Mexico. it's one among the most important and most costly projects utilized by USAC. Plant testing and movement is anticipated in Q4 2018.
Antimony Market Scope
|Revenue forecast in 2029
|CAGR of 6.7 % during 2019-2029
|product type, Aplication, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|AMG, Mandalay Resources, US Antimony, GeoProMining, Ltd., United States Antimony Corporation, Korea Zinc, Nihon Seiko Co. Ltd., Umicore, Hunan Chenzhou Mining Group Co. Ltd., Huachang Antimony Industry, Belmont Metals, American Elements, Tri-Star Resources PLC, Amspec Chemical Corporation, Lanxess, Cambrian Mining Ltd., Yunan Muli Antimony Industry Co. Ltd., Suzuhiro Chemical Co. Ltd., Nyacol Nano Technologies Inc., Campine, Automized Products Group Inc., BASF SE, among others.
Key Segments of the Global Antimony Market
- Printing Press
- Cable Sheathing
End Use Industry Overview
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa