Antimony

Antimony

Global Antimony Market to Reach US$3.2 Billion by 2030

The global market for Antimony estimated at US$2.0 Billion in the year 2023, is expected to reach US$3.2 Billion by 2030, growing at a CAGR of 7.0% over the analysis period 2023-2030. Antimony Trioxides, one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$2.1 Billion by the end of the analysis period. Growth in the Antimony Alloys segment is estimated at 6.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$517.1 Million While China is Forecast to Grow at 10.8% CAGR

The Antimony market in the U.S. is estimated at US$517.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$786.4 Million by the year 2030 trailing a CAGR of 10.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Antimony  - Key Trends and Drivers

Antimony is a brittle, lustrous gray metalloid that is found predominantly in the mineral stibnite. Known for its ability to increase hardness and strength when alloyed with other metals, antimony is widely used in lead-acid batteries, flame retardants, and in the manufacturing of various alloys. Its compounds are also used in the production of glass, ceramics, and semiconductors, and it plays a role in the treatment of certain tropical diseases such as leishmaniasis. The growth in the antimony market is primarily driven by its application in flame retardants. As global standards for fire safety continue to tighten, particularly in construction and automotive industries, the demand for effective flame-retardant materials is on the rise. Antimony trioxide, one of the most common compounds of antimony, is used extensively in combination with halogenated compounds to produce flame-retardant solutions for textiles, plastics, and building materials. This demand is expected to increase as urbanization leads to higher requirements for fire safety in densely populated areas.

Another significant driver for the antimony market is the expanding use in the automotive and battery industries. Antimony is crucial in the manufacture of lead-acid batteries, which are widely used in cars, trucks, and other vehicles. Despite the growth of lithium-ion batteries in the electric vehicle sector, lead-acid batteries continue to see substantial use in conventional vehicles and as backup power sources in renewable energy and telecommunication sectors. The reliability and cost-effectiveness of these batteries support ongoing demand for antimony.

Moreover, antimony is seeing increased interest in the technology sector, particularly in the creation of semiconductors. The metalloid`s properties allow for the development of diodes and infrared detectors, which are critical components in a wide range of electronic devices. Furthermore, as research into antimony`s potential for use in next-generation battery technologies and its role in microelectronics continues to advance, its market could see further expansion. This, combined with ongoing industrial growth and heightened fire safety standards, positions antimony for sustained relevance and demand in the global market.

Select Competitors (Total 62 Featured) -

• American Elements
• AMG Advanced Metallurgical Group N.V.
• Amspec Chemical Corporation
• Atomized Products Group, Inc.
• Belmont Metals, Inc.
• Campine NV
• Geopromining Investment (CYP) Ltd.
• Hsikwangshan Twinkling Star Co., Ltd.
• Korea Zinc Co., Ltd.
• Lambert Metals International Limited
• Lanxess AG
• Mandalay Resources Ltd.
• Nihon Seiko Co., Ltd.
• NYACOL Nano Technologies, Inc.
• Recylex S.A.
• Suzuhiro Chemical Co., Ltd.
• Tri-Star Resources Plc
• Umicore
• United States Antimony Corporation
• Yiyang City Huachang Antimony Industry Co., Ltd.
• Yunnan Muli Antimony Industry Co., Ltd.

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