Valued at US$ 1.7 Bn in 2021, the target market will likely reach an estimated US$ 2 Bn by the end of 2022. The global antimony market is predicted to reach a value of US$ 2.9 Bn by 2032, with sales growing at an average CAGR of 4% from 2022 to 2032.
Application in flame retardants and lead acid batteries will fuel the growth of the antimony market during the forecast period. As a chemical element, antimony, can be both metallic and nonmetallic. While the metallic form is a bright silvery material that is brittle, the nonmetallic form of antimony is a grey powder.
Antimony acts as a stable element that is inert to acids and alkalis in a dry environment and expands on cooling. It is an ineffective conductor of electricity and heat. Antimony, as an element, has thus gain widespread application since time immemorial and will likely continue to do so over the next few years which bodes well for the overall market growth.
Extensive application in production of flame retardants, fire-resistant products, lead acid batteries, and other such products are primary growth drivers of the antimony market. The for antimony is likely to continue to increase in similar industries during the forecast period.
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Competitive Landscape
Shanghai Metal Corporation, Beijing North Xinyuan Electrical Carbon Products Co.Ltd and Qingdao Glory International Trading Co., among others are some of the major players in the antimony market profiled in the full version of the report.
Leading market players are focusing on adopting innovative production processes such as antimony production from waste streams. These businesses are keen on expanding their operations to strengthen their revenue prospects.
Key Segments Profiled in the Antimony Industry Survey
Product Type:
- Antimony Trioxide
- Antimony Pentoxide
- Antimony Alloys
- Antimony Metal Ingots
- Other Antimony Product Types
Application:
- Antimony Flame Retardants
- Antimony Lead-Acid Batteries
- Antimony Plastic Additives
- Antimony Stabilizers
- Antimony Catalysts
- Antimony Glass and Ceramics
- Antimony Others
End-Use Industry:
- Antimony for the Chemical Industry
- Antimony for the Automotive Industry
- Antimony for the Electrical and Electronics Industry
- Antimony for Other End Use Industries
“Extensive application of the material across diverse industries such as automotive and chemical and materials will likely supplement the global growth of the antimony market over the forecast period,” says an FMI analyst.
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