Antimony Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Antimony Market
The global antimony market size was valued at 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 of 2024-2032.
The spread of the COVID-19 pandemic has remarkably affected the antimony market; the supply chains and production processes are broken heavily. During the pandemic restrictions and shutdowns, the declining demand for antimony has a significant role since it is an essential element for flame retardants, plastics, and other materials, affecting antimony market growth.
The semiconductor and constructive materials are, maybe, the key market segments influenced by the demand for flame retardants in various fields, particularly in equinoctial and electronic branches. Burning new types of flame-retardant substances, such as those in the plastics industry and other goods, is the primary reason for the demand because they provide adequate fire and explosion prevention.
The most valuable position of antimony is its complexation with flame retardants. More challenging fire safety norms in building and electronic industries are spurring the requirement for antimony, mainly in building materials and devices, impeding a global rise in antimony market share. The trioxide form of antimony, a common antimony form, is a widely known and effective flame retardant with the vital role of preventing fires and explosions in different applications. Nevertheless, lately, enterprises have been considering the issue of replacing with environmentally less detrimental and less hazardous technologies in answer to problems connected with health and traditional stibnite-accumulated pyrimidine-based fire retardants.
Comprehensive Analysis of Antimony Market
Regarding market segmentation of antimony, its applications include flame retardants, chemicals and alloys, lead-acid batteries, emulsions, and others. While the flammability segment currently holds the largest share of the market, it is growing its share largely fueled by similar factors. According to the projection horizon, the chemicals & alloys and lead-acid batteries segments have to wait longer for the growth of their sectors, which will result in a widening market structure.
The Asia Pacific region led the medical devices market by benefitting a size of USD 650 million in 2023 due to the hold of the manufacturing base and end users on the flame retardants segment will undoubtedly continue, the antimony market is to lose its significance in favor of the latter.
The leading players in the antimony market significantly influence its growth trajectory and set industry standards. These key players, including 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.), and Suzuhiro Chemical & Materials (Ibaraki, Japan), contribute to a competitive landscape, driving innovation and market advancement in the antimony market.
In January 2021, Camper made a significant stride in the recycling process by building a modern technology that makes it possible to recycle chemicals from used and industrial metals directly. As a prominent company based in Beerse, near Antwerp, Campine is engaged in two primary areas of operation: leaded recycling and the production of antimony trioxide, a primary chemical additive.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.5% from 2024 to 2032
Unit Value (USD Billion) , Volume (Kilo Tons)
Segmentation
By Application
Flame Retardants
Chemicals & Alloys
Lead Acid Batteries
Ceramics & Glass
Others
By Region
North America (By Application)
- U.S. (By Application)
- Canada (By Application)
Europe (By Application)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Russia (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Application)
- China (By Application)
- Japan (By Application)
- India (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Application)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Application)
- GCC (By Application)
- South Africa (By Application)
- Rest of the Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Application Launches, and Mergers & Acquisitions
- 4.5. Impact of COVID-19 on Market
- 5. Global Antimony Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Application (Volume/Value)
- 5.2.1.1. Flame Retardants
- 5.2.1.2. Chemicals & Alloys
- 5.2.1.3. Lead Acid Batteries
- 5.2.1.4. Ceramics & Glass
- 5.2.1.5. Others
- 5.2.2. By Region (Volume/Value)
- 5.2.2.1. North America
- 5.2.2.2. Europe
- 5.2.2.3. Asia Pacific
- 5.2.2.4. Latin America
- 5.2.2.5. Middle East & Africa
- 6. North America Antimony Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Application (Volume/Value)
- 6.2.1.1. Flame Retardants
- 6.2.1.2. Chemicals & Alloys
- 6.2.1.3. Lead Acid Batteries
- 6.2.1.4. Ceramics & Glass
- 6.2.1.5. Others
- 6.2.2. By Country (Volume/Value)
- 6.2.2.1. U.S.
- 6.2.2.1.1. By Application(Volume/Value)
- 6.2.2.1.1.1. Flame Retardants
- 6.2.2.1.1.2. Chemicals & Alloys
- 6.2.2.1.1.3. Lead Acid Batteries
- 6.2.2.1.1.4. Ceramics & Glass
- 6.2.2.1.1.5. Others
- 6.2.2.2. Canada
- 6.2.2.2.1. By Application(Volume/Value)
- 6.2.2.2.1.1. Flame Retardants
- 6.2.2.2.1.2. Chemicals & Alloys
- 6.2.2.2.1.3. Lead Acid Batteries
- 6.2.2.2.1.4. Ceramics & Glass
- 6.2.2.2.1.5. Others
- 7. Europe Antimony Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Application (Volume/Value)
- 7.2.1.1. Flame Retardants
- 7.2.1.2. Chemicals & Alloys
- 7.2.1.3. Lead Acid Batteries
- 7.2.1.4. Ceramics & Glass
- 7.2.1.5. Others
- 7.2.2. By Country (Volume/Value)
- 7.2.2.1. Germany
- 7.2.2.1.1. By Application(Volume/Value)
- 7.2.2.1.1.1. Flame Retardants
- 7.2.2.1.1.2. Chemicals & Alloys
- 7.2.2.1.1.3. Lead Acid Batteries
- 7.2.2.1.1.4. Ceramics & Glass
- 7.2.2.1.1.5. Others
- 7.2.2.2. UK
- 7.2.2.2.1. By Application(Volume/Value)
- 7.2.2.2.1.1. Flame Retardants
- 7.2.2.2.1.2. Chemicals & Alloys
- 7.2.2.2.1.3. Lead Acid Batteries
- 7.2.2.2.1.4. Ceramics & Glass
- 7.2.2.2.1.5. Others
- 7.2.2.3. France
- 7.2.2.3.1. By Application(Volume/Value)
- 7.2.2.3.1.1. Flame Retardants
- 7.2.2.3.1.2. Chemicals & Alloys
- 7.2.2.3.1.3. Lead Acid Batteries
- 7.2.2.3.1.4. Ceramics & Glass
- 7.2.2.3.1.5. Others
- 7.2.2.4. Russia
- 7.2.2.4.1. By Application(Volume/Value)
- 7.2.2.4.1.1. Flame Retardants
- 7.2.2.4.1.2. Chemicals & Alloys
- 7.2.2.4.1.3. Lead Acid Batteries
- 7.2.2.4.1.4. Ceramics & Glass
- 7.2.2.4.1.5. Others
- 7.2.2.5. Rest of Europe
- 7.2.2.5.1. By Application(Volume/Value)
- 7.2.2.5.1.1. Flame Retardants
- 7.2.2.5.1.2. Chemicals & Alloys
- 7.2.2.5.1.3. Lead Acid Batteries
- 7.2.2.5.1.4. Ceramics & Glass
- 7.2.2.5.1.5. Others
- 8. Asia-Pacific Antimony Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Application (Volume/Value)
- 8.2.1.1. Flame Retardants
- 8.2.1.2. Chemicals & Alloys
- 8.2.1.3. Lead Acid Batteries
- 8.2.1.4. Ceramics & Glass
- 8.2.1.5. Others
- 8.2.2. By Country (Volume/Value)
- 8.2.2.1. China
- 8.2.2.1.1. By Application(Volume/Value)
- 8.2.2.1.1.1. Flame Retardants
- 8.2.2.1.1.2. Chemicals & Alloys
- 8.2.2.1.1.3. Lead Acid Batteries
- 8.2.2.1.1.4. Ceramics & Glass
- 8.2.2.1.1.5. Others
- 8.2.2.2. Japan
- 8.2.2.2.1. By Application(Volume/Value)
- 8.2.2.2.1.1. Flame Retardants
- 8.2.2.2.1.2. Chemicals & Alloys
- 8.2.2.2.1.3. Lead Acid Batteries
- 8.2.2.2.1.4. Ceramics & Glass
- 8.2.2.2.1.5. Others
- 8.2.2.3. India
- 8.2.2.3.1. By Application(Volume/Value)
- 8.2.2.3.1.1. Flame Retardants
- 8.2.2.3.1.2. Chemicals & Alloys
- 8.2.2.3.1.3. Lead Acid Batteries
- 8.2.2.3.1.4. Ceramics & Glass
- 8.2.2.3.1.5. Others
- 8.2.2.4. ASEAN
- 8.2.2.4.1. By Application(Volume/Value)
- 8.2.2.4.1.1. Flame Retardants
- 8.2.2.4.1.2. Chemicals & Alloys
- 8.2.2.4.1.3. Lead Acid Batteries
- 8.2.2.4.1.4. Ceramics & Glass
- 8.2.2.4.1.5. Others
- 8.2.2.5. Rest of Asia Pacific
- 8.2.2.5.1. By Application(Volume/Value)
- 8.2.2.5.1.1. Flame Retardants
- 8.2.2.5.1.2. Chemicals & Alloys
- 8.2.2.5.1.3. Lead Acid Batteries
- 8.2.2.5.1.4. Ceramics & Glass
- 8.2.2.5.1.5. Others
- 9. Latin America Antimony Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Application (Volume/Value)
- 9.2.1.1. Flame Retardants
- 9.2.1.2. Chemicals & Alloys
- 9.2.1.3. Lead Acid Batteries
- 9.2.1.4. Ceramics & Glass
- 9.2.1.5. Others
- 9.2.2. By Country (Volume/Value)
- 9.2.2.1. Brazil
- 9.2.2.1.1. By Application(Volume/Value)
- 9.2.2.1.1.1. Flame Retardants
- 9.2.2.1.1.2. Chemicals & Alloys
- 9.2.2.1.1.3. Lead Acid Batteries
- 9.2.2.1.1.4. Ceramics & Glass
- 9.2.2.1.1.5. Others
- 9.2.2.2. Mexico
- 9.2.2.2.1. By Application(Volume/Value)
- 9.2.2.2.1.1. Flame Retardants
- 9.2.2.2.1.2. Chemicals & Alloys
- 9.2.2.2.1.3. Lead Acid Batteries
- 9.2.2.2.1.4. Ceramics & Glass
- 9.2.2.2.1.5. Others
- 9.2.2.3. Rest of Latin America
- 9.2.2.3.1. By Application(Volume/Value)
- 9.2.2.3.1.1. Flame Retardants
- 9.2.2.3.1.2. Chemicals & Alloys
- 9.2.2.3.1.3. Lead Acid Batteries
- 9.2.2.3.1.4. Ceramics & Glass
- 9.2.2.3.1.5. Others
- 10. Middle East & Africa Antimony Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Application (Volume/Value)
- 10.2.1.1. Flame Retardants
- 10.2.1.2. Chemicals & Alloys
- 10.2.1.3. Lead Acid Batteries
- 10.2.1.4. Ceramics & Glass
- 10.2.1.5. Others
- 10.2.2. By Country (Volume/Value)
- 10.2.2.1. GCC
- 10.2.2.1.1. By Application(Volume/Value)
- 10.2.2.1.1.1. Flame Retardants
- 10.2.2.1.1.2. Chemicals & Alloys
- 10.2.2.1.1.3. Lead Acid Batteries
- 10.2.2.1.1.4. Ceramics & Glass
- 10.2.2.1.1.5. Others
- 10.2.2.2. South Africa
- 10.2.2.2.1. By Application(Volume/Value)
- 10.2.2.2.1.1. Flame Retardants
- 10.2.2.2.1.2. Chemicals & Alloys
- 10.2.2.2.1.3. Lead Acid Batteries
- 10.2.2.2.1.4. Ceramics & Glass
- 10.2.2.2.1.5. Others
- 10.2.2.3. Rest of Middle East & Africa
- 10.2.2.3.1. By Application(Volume/Value)
- 10.2.2.3.1.1. Flame Retardants
- 10.2.2.3.1.2. Chemicals & Alloys
- 10.2.2.3.1.3. Lead Acid Batteries
- 10.2.2.3.1.4. Ceramics & Glass
- 10.2.2.3.1.5. Others
- 11. Competitive Landscape
- 11.1. Global Antimony Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 11.2. Company Profiles
- 11.2.1. Campine NV (Antwerp, Belgium)
- 11.2.1.1. Overview
- 11.2.1.2. Description
- 11.2.1.3. Application Portfolio
- 11.2.1.4. Financials (As per Availaibity)
- 11.2.1.5. Recent Developments
- 11.2.2. Huachang Antimony Industry (Yiyang, China)
- 11.2.2.1. Overview
- 11.2.2.2. Description
- 11.2.2.3. Application Portfolio
- 11.2.2.4. Financials (As per Availaibity)
- 11.2.2.5. Recent Developments
- 11.2.3. United States Antimony Corp (Montana, U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Description
- 11.2.3.3. Application Portfolio
- 11.2.3.4. Financials (As per Availaibity)
- 11.2.3.5. Recent Developments
- 11.2.4. Korea Zinc Co. Ltd, (Seoul, South Korea)
- 11.2.4.1. Overview
- 11.2.4.2. Description
- 11.2.4.3. Application Portfolio
- 11.2.4.4. Financials (As per Availaibity)
- 11.2.4.5. Recent Developments
- 11.2.5. Lambert Metals International (Bushey, U.K.)
- 11.2.5.1. Overview
- 11.2.5.2. Description
- 11.2.5.3. Application Portfolio
- 11.2.5.4. Financials (As per Availaibity)
- 11.2.5.5. Recent Developments
- 11.2.6. Mandalay Resources Ltd (Toronto, Canada)
- 11.2.6.1. Overview
- 11.2.6.2. Description
- 11.2.6.3. Application Portfolio
- 11.2.6.4. Financials (As per Availaibity)
- 11.2.6.5. Recent Developments
- 11.2.7. NYACOL Nano Technologies (Massachusetts. U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Description
- 11.2.7.3. Application Portfolio
- 11.2.7.4. Financials (As per Availaibity)
- 11.2.7.5. Recent Developments
- 11.2.8. Suzuhiro Chemical & Materials (Ibaraki, Japan)
- 11.2.8.1. Overview
- 11.2.8.2. Description
- 11.2.8.3. Application Portfolio
- 11.2.8.4. Financials (As per Availaibity)
- 11.2.8.5. Recent Developments
- 12. Strategic Recommendations
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