Global Antimony Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global antimony market in its upcoming report titled, “Global Antimony Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global antimony market is estimated to register a CAGR of X.X% in terms of value during the forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global antimony market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global antimony market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global antimony market report has been segmented on the basis of application, and region.
Antimony is a chemical element that is available in both metallic and non-metallic forms. The bright silver form of antimony is metallic and is generally made up of a brittle material, while the non-metallic form of antimony is present in the form of grey powder. Antimony is generally a stable element in dry air and does not react with acids and alkalis. Antimony is available freely in nature and can be extracted from ores like valentinite and stibnite. Owing to the high reactivity of antimony with chemicals such as sulfur, lead, silver and copper, the presence of elemental antimony is relatively low. Moreover, Stibnite ore is the frequently used for extracting antimony. Antimony is primarily used to increase the strength level of lead in ammunition. Antimony is also widely used in lead acid batteries, flame proofing materials and glass.
Increasing demand for electric vehicles across the globe, coupled with increasing use of flame retardant products in various end-use industries are key factors driving the growth of the global antimony market. In addition, increasing use of antimony in PET production, and as a strengthening agent in ammunition with lead are major factors expected to drive the growth of the global antimony market over the forecast period.
However, extensive exposure to antimony is a primary cause of health hazards that include skin irritation, lung cancer, and various breathing disorders which is a key factor hampering the growth of the global antimony market. Moreover, a number of environmental hazards have also been associated with the use of antimony which is also expected to restrain the growth of the global antimony market over the forecast period.
Currently, the market in Asia Pacific dominates the global antimony market in revenue terms owing to the presence of large antimony ores in China, coupled with China being the highest producer of antimony across the globe. In addition, use of antimony as a catalyst for production of polyethylene terephthalate, and high adoption of electric vehicles in the country are major factors contributing to the growth of the global antimony market. North America is currently the second-highest market due to increasing use of antimony in end-use industries, and rise in the number of electric vehicles in the region, followed by Europe, and the Middle East and Africa.
Global Antimony Market Segmentation:
Global antimony market segmentation by application:
- Fire Retarding Agent
- Lead Batteries
- Alloy-strengthening Agent
Global antimony market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- United States Antimony Corp.
- Atomized Products Group Inc.
- Nihon Seiko Co. Ltd.
- Tri-Star Resources plc
- American Elements
- Mandalay Resources Corp.
- AMG Advanced Metallurgical Group NV
- Hsikwangshan Twinkling Star Antimony Industry Co. Ltd.
- Belmont Metals Inc.
- Shenyang Huachang Antimony Chemical Co. Ltd.
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