Antimony Market Momentum: Exploring Growth Trends and Drivers

• Posted by Stephen Lobo Jan 11 - Filed in Business - #antimony market  #antimony industry size  #antimony industry share  #antimony market forecast  #antimony market value  #antimony market trends  #antimony industry analysis  #antimony industry overview  #demand for antimony market  #antimony market size  #sales of antimony  - 274 views

  Introduction: The global market for antimony, a vital element in various industries, has been experiencing intriguing shifts and trends in recent times. This versatile metalloid has found extensive use in flame retardants, batteries, alloys, and other applications, contributing significantly to technological advancements and industrial progress. Understanding the evolving landscape of the antimony market is crucial for stakeholders, investors, and industry players alike. 

  The report “Antimony Market by Product Type (Trioxides, Alloys), Application (Flame Retardants, Plastic Additives. Lead-Acid Batteries, Glass & Ceramics), End-Use Industry (Chemical, Automotive, Electrical & Electronics), and Region – Global Forecast to 2023″, The antimony market is projected to grow from the estimated USD 1.77 billion in 2018 to USD 2.37 billion by Upcoming years, at a CAGR of 6.0%. The demand for antimony, particularly in flame retardant application, has increased gradually. The use of antimony in catalyst used in polyethylene terephthalate (PET) production has also witnessed growth.

  Antimony Market Key Players

  Major players operating in the antimony market include AMG Advanced Metallurgical Group (Netherland), Mandalay Resources (Canada), United States Antimony Corporation (USAC) (US), Korea Zinc (South Korea), Recyclex (France), Nihon Seiko (Japan), Umicore (France), Hunan ZhongNan Antimony & Tungsten Trading Co., Ltd. (China), Huachang Antimony Industry (China), Consolidated Murchison Mine (South Africa), and Hsikwangshan Twinkling Star Co. Ltd. (China). These companies have strong presence in the antimony market and are continuously undertaking efforts to improve their business strategies and product portfolios.

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  The antimony trioxide (ATO) segment is projected to witness highest CAGR during the forecast period.

  ATO dominated the overall antimony market in 2017. ATO is widely used in flame retardant in many industries. In addition, ATO is also used as catalyst and stabilizer in plastic production. Other minor uses of ATO include glass & ceramics, pigments, solders, bearing metals, and semiconductors, among others.

  The flame retardant application is projected to lead the overall antimony market during the forecast period.

  The flame retardant application dominated the overall antimony market, in terms of value and volume, in 2017. Antimony is used as a flame synergist with halogens. Antimony, in the form of ATO, is used in flame retardant in plastics, furniture, mattresses, fabrics, and others.

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  APAC accounted for the largest share of the global antimony market in 2017. Rapid industrialization and increasing FDI in different end-use industries, mainly in the industrial manufacturing, polymer, and automotive industries, are driving the demand for antimony in flame retardant and plastic additive applications. Emerging economies such as China and South Korea are some of the major antimony markets in the APAC region.

  AMG Advanced Metallurgical Group is the largest player in the global antimony market. The company produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals sectors. The company has a strong presence in North American and is mainly focused towards emerging applications such as microelectronics.

  Mandalay Resources Ltd. is a leading manufacturer of antimony based products. It has expertise in manufacturing, developing, and supplying antimony across various industries, worldwide. The company restarted capital development and mining in 2010 for a planned production rate of 5,000 tons per month. The improvements in mining and processing methods enabled production to grow to 10,000-12,000 tons/month range by early 2013.

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  Table of Contents

  1 Introduction (Page No. - 13)
      1.1 Objectives of the Study
      1.2 Market Definition
      1.3 Market Scope
             1.3.1 Years Considered for the Study
      1.4 Currency
      1.5 Stakeholders

  2 Research Methodology (Page No. - 16)
      2.1 Research Data
             2.1.1 Secondary Data
                      2.1.1.1 Key Data From Secondary Sources
             2.1.2 Primary Data
                      2.1.2.1 Key Data From Primary Sources
                      2.1.2.2 Key Industry Insights
                      2.1.2.3 Breakdown of Primary Interviews
      2.2 Market Size Estimation
             2.2.1 Bottom-Up Approach
             2.2.2 Top-Down Approach
      2.3 Data Triangulation
      2.4 Research Assumptions
      2.5 Limitations

  3 Executive Summary (Page No. - 24)

  4 Premium Insights (Page No. - 28)
      4.1 Attractive Opportunities in the Antimony Market
      4.2 Antimony Market, By Application
      4.3 Antimony, By End-Use Industry and Region
      4.4 Antimony Market, By Product Type
      4.5 Antimony Market, By Country

  Continued...