Increasing demand for electric vehicles and flame retardants in numerous end-user industries, rapid industrialization and increasing demand for polyethylene terephthalate (PET) packaging, are some of the factors driving the Antimony Market.
JERSEY CITY, N.J., Nov. 15, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Antimony Market" By Product Type (Frequency Antimony Trioxide, Antimony Pentoxide, Alloys), By Application (Flame Retardants, Lead-Acid Batteries, Plastic Additives, Stabilizers), and By Geography. According to Verified Market Research, the Global Antimony Market size was valued at USD 1.59 Billion in 2020 and is projected to reach USD 2.50 Billion by 2028, growing at a CAGR of 5.87% from 2021 to 2028.
Increasing demand for electric vehicles and flame retardants in numerous end-user industries like plastic been is driving the overall demand for antimony. Moreover, macroeconomic factors like GDP growth and purchase power difference are the major prominent drivers for the Antimony Market. As antimony is used in lead-acid batteries, it can also be extracted from the lead-acid batteries and can be reused. This is the most prominent factor for the market growth as the spare lead-acid batteries can be used to extract antimony from that. Other factors, including rapid industrialization and increasing demand for polyethylene terephthalate (PET) packaging that is manufactured using antimony as a key ingredient, are projected to drive the market in the upcoming years.
Looking forward, the publisher expects the global Antimony Market to exhibit moderate growth during the next five years. The restraining factor for the growth of the market is as antimony is the chemical element and hence it affects the environment and also health concerns of humans also arises. Exposure to antimony leads to serious health hazards that include breathing disorders, skin irritation, and lung cancer. Antimony also leads to several environmental hazards which have resulted in an increase in the number of regulations to regulate antimony consumption.
These aspects are impeding the overall market growth for antimony. Rising product adoption for the production of lead-acid batteries, solders, pipes, castings, and bearings for transistors, which form a crucial part of various consumer electronics, such as computers, calculators, portable stereos, and gaming devices, is also providing a boost to the market growth. Additionally, the rising demands for antimony-based fiberglass composites with chemical and heat-resistant properties are also creating a positive impact on the market growth.
In May 2018, United States Antimony Corporation progressed on the construction of the leach plant for the Los Juarez gold-silver-antimony deposit in Queretaro, Mexico. It is one of the largest and most expensive projects operated by USAC. Testing and shake-down of the plant is anticipated in Q4 2018.
In June 2017, Tri-Star Resources Plc along with Strategic & Precious Metals Processing LLC (SPMP) has signed a multi-year agreement with Traxys Europe SA to supply antimony and antimony gold concentrates to its Oman Antimony Roaster. The agreement provides SPMP access to the global expertise provided by Traxys on minor metal concentrate sourcing and supply chain logistics management.
In April 2017, specialty chemicals company LANXESS acquired the US-based company Chemtura, one of the world's leading suppliers of flame retardant and lubricant additives. The acquisition would help the company increase its production of flame retardant materials and make them easily available to its customers.
The major players in the market are 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.
Verified Market Research has segmented the Global Antimony Market On the basis of Product Type, Application, and Geography.
Antimony Market, By Product Type
Frequency Antimony Trioxide
Antimony Market, By Application
Glass and Ceramics
Antimony Market by Geography
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Browse Related Reports:
Rubber Processing Chemicals Market By Type (Anti-Degradants, Accelerators, Flame Retardants, Processing Aids/Promoters), By Competitive Landscape, By Geography, Forecast, 2021-2028
Organophosphorus Flame Retardant Market By End-Use Industry (buildings & construction, electricity & electronics, transport), By Application (polyurethane, polyvinyl chloride, engineering thermoplastics), By Geography, Forecast, 2021-2028
Tube Packaging Market By Raw Material (Aluminum, Plastic), By Product (Laminated Tube, Extruded Plastic Tube, and Aluminum Tube), By Application (Personal Care & Oral Care, Healthcare, Food), By Geography, Forecast, 2021-2028
Plastic Caps And Closures Market By Product Type (Screw-on caps, Dispensing caps), By Container Type (Plastic and Glass), By Raw Material (PP, HDPE, LDPE), By Technology(Post-mold TE band, Compression molding, and Injection molding), By End-Use Sector (Beverage, Pharmaceutical, Food, Personal & homecare), By Geography, Forecast, 2021-2028
Visualize Antimony Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.