Antimony Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Antimony Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global antimony market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.63% during 2023-2028.

Antimony refers to a lustrous grey chemical element that exists in both metallic and non-metallic forms. The metallic form is hard, brittle and bright silvery-bluish in color, whereas the non-metallic form is available in the form of greyish powder. It is extracted from ores, such as stibnite and valentinite, and is considered to be a stable element in dry air and static to alkalis and acids. Antimony is also a poor conductor of heat and electricity, owing to which it is commonly used in the manufacturing of semiconductor devices, including infrared detectors and diodes, batteries, low friction metals, flame-proofing materials, ceramic enamels and paints.

The global market for antimony is being primarily driven by the increasing demand for antimony trioxide (ATO) for manufacturing flame retardants and plastic additives. ATO is an inorganic element that is widely used with halogenated compounds to create a synergistic effect with flame retardant properties. 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 demand for antimony-based fiberglass composites with chemical and heat-resistant properties is also creating a positive impact on the market growth. 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.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global antimony market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and end-use industry.

Breakup by Product Type:

Antimony Trioxide
Antimony Pentoxide
Alloys
Metal Ingots
Others

Breakup by Application:

Flame Retardants
Lead-Acid Batteries
Plastic Additives
Stabilizers
Catalysts
Glass and Ceramics
Others

Breakup by End-Use Industry:

Chemical
Automotive
Electrical and Electronics
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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., etc.

Key Questions Answered in This Report

1. What was the size of the global antimony market in 2022?
2. What is the expected growth rate of the global antimony market during 2023-2028?
3. What are the key factors driving the global antimony market?
4. What has been the impact of COVID-19 on the global antimony market?
5. What is the breakup of the global antimony market based on the product type?
6. What is the breakup of the global antimony market based on the application?
7. What are the key regions in the global antimony market?
8. Who are the key players/companies in the global antimony market?