Antimony Market Forecasts to 2028 – Global Analysis By Product Type (Metal Ingot, Antimony Trioxide, Alloys), Application (Transportation, Medicines, Cosmetics), and By Geography

Antimony Market Forecasts to 2028 – Global Analysis By Product Type (Metal Ingot, Antimony Trioxide, Alloys), Application (Transportation, Medicines, Cosmetics), and By Geography

According to Stratistics MRC, the Global Antimony Market is accounted for $2.10 billion in 2021 and is expected to reach $3.59 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Antimony is a chemical element that generally exists in both metallic and non-metallic forms. Antimony can be extracted from ores like stibnite and valentinite and is considered to be a stable element in dry air and static to alkalis and acids. Antimony is present independently as well, and hence, can be used on a wider scale.

Market Dynamics:

Driver:

Increasing demand for flame retardants

Fire safety regulations are getting stringent across the globe, leading to the growth of innovative flame retardants. The development of flame retardants is influenced by strict legal frameworks and industry standards. Fire safety regulations are varied across different regions, depending on the corresponding national regulations for health and environmental security. Further, strict government regulations by the Occupational Safety and Health Administration OSHA for adopting flame retardant clothing are likely to boost the market development.

Restraint:

Availability of substitutes

Antimony can be easily substituted in some applications. For instance, a composite of chromium, tin, titanium, zinc, and zirconium can be utilized as replacements in pigments and glass. Sb can be partially replaced in flame-retardant materials by compounds such as alumina trihydrate, magnesium hydroxide, and zinc borate. It can be replaced in plastics manufacturing with various combinations of cadmium, barium, calcium, lead, tin, zinc, and germanium, which is restraining the market growth.

Opportunity:

Recovery and recycling of antimony

Antimony has become an important element in recent years because of the increased industrial demand and dominance in primary production. Its products can be manufactured by utilizing recycled antimony. Recycling and valorizing industrial waste may be a feasible option for ensuring a more secure long-term supply. Secondary Sb can be found in two places: waste from the processing of Sb-bearing commodities and end-of-life products from urban mines and manufacturing leftovers. Lead-acid batteries are the most common source of secondary antimony. As a result, its supply is virtually entirely determined by the level of lead recycling and market conditions for lead and lead-acid battery trash.

Threat:

Impact of covid-19 on the market

As the lockdown has taken over the normal trends and way of living of the common man, the market players have been struggling to keep up with the changes and launch new and changed tastes and choices. One of the main issues which the markets have faced since the coronavirus outbreak is that there is the unavailability of skilled labor because of the imposed lockdown of the temporary and permanent kind alongside the reduced availability of raw materials that are ultimately leading to a major disruption in the supply chain mechanism. Moreover, with the decline in employment opportunities, people are experiencing struggles to meet their daily needs as well that have been posing a major challenge to the growth of the Antimony Market.

The lead acid batteries segment is expected to be the largest during the forecast period

The lead acid batteries segment is estimated to have a lucrative growth as antimony is utilized as an alloying agent with lead in parts of a battery where strength, corrosion resistance, and creep resistance are needed. Antimony provides strength to lead and simplifies and speeds up the casting of grids. They are utilized in some countries in automotive batteries.

The chemical segment is expected to have the highest CAGR during the forecast period

The chemical segment is anticipated to witness the fastest CAGR growth during the forecast period as antimony is used in chemicals as a flame retardant. It prevents the material from bursting into flames by interrupting the chemical reaction that leads to burning. It can also be added during the production of plastics, rubbers, and fabrics for fire resistance.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the presence of a substantial production base and end-user industries. China produces more than half of the world's production. Furthermore, antimony has a huge application as a flame retardant, thus leading to massive growth in the construction sector.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period owing to the increased need for flame retardants, rigorous rules implemented by authorities to protect employees from risks, increasing demand for electric vehicles and flame retardants in numerous end-user industries, and rising demand from electronics and manufacturing sector.

Key players in the market

Some of the key players profiled in the Antimony Market include United States Antimony Corporation, AMG Advanced Metallurgical Group, Tri-Star Resources PLC, Suzuhiro Chemical Co., Ltd., Recyclex, Nihon Seiko Co., Ltd., Mandalay Resources Ltd, Lanxess, Korea Zinc, Hunan Chenzhou Mining Group Co., Ltd, Amspec Chemical Corporation, Geopromining, Ltd., Consolidated Murchison Mine, Belmont Metals, Huachang Antimony Industry, American Elements Umicore and Campine.

Key Developments:

In Jan 2021, Campine expands its recycling efforts with innovative technology for recycling chemicals directly from post-consumer and industrial metal trash. It includes the production of antimony from waste streams. Based in Beerse near Antwerp, Campine is involved in two main activities: lead recycling and the production of antimony trioxide, a chemical additive.


In June 2019, United States Antimony Corporation reported continued expansion of its Madero, Coahuila, Mexican smelter capacity. This will include the installation of long rotary furnace (LRF) number 3. The Company has an additional 3 LRFs in inventory. Furnace recovery is in the 96%-98% range and the additional capacity is expected to handle production increases from the Company's Wadley and Sierra Guadalupe Mines.

Types Covered:
• Sb99.50
• Sb99.65
• Sb99.85
• Sb99.90

Product Types Covered:
• Metal Ingot
• Antimony Trioxide
• Antimony Pentoxide
• Alloys

Applications Covered:
• Plastic Additives
• Lead Acid Batteries
• Glass & Ceramics
• Flame Retardant
• Alloy Strengthening Agents
• Fiberglass Composites
• Semiconductors
• Enamels
• Pigments
• Rubber
• Textiles
• Ammunitions

End Users Covered:
• Transportation
• Paints
• Medicines
• Food & Beverage
• Electrical & Electronics
• Cosmetics
• Automotive
• Building and Construction
• Aerospace & Defense
• Chemical

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances