Antimony Market- Global Overview and Forecast (2023-2029)

An Antimony Market size was valued at US$ 282.6 Mn. in 2022 and the total Antimony revenue is expected to grow by 5.9% from 2023 to 2029, reaching nearly US$ 422.14 Mn.
Antimony Market Overview:
Global Antimony is a valuable mineral that is regularly utilized in modern industrialized countries. The element improves the strength, durability, and chemical resistance of alloys used in a variety of industries, including lead-acid storage batteries. The primary application of antimony is as a flame retardant in protective gear and home items e.g. mattresses. The report explores the Antimony market's segments (Type, Application, End-Use Industry, and Region).

Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Antimony market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Antimony market's contemporary competitive scenario.



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Antimony Market Dynamics:
The growing use of Antimony in metallurgy and semiconductor applications is expected to be a major driver of the market growth.

The electronics industry uses very high purity antimony metal (99 percent pure) in silicon chips to make infrared sensors, transistors, and other gadgets, as well as for other purposes. Antimony is also found in anti-friction joints, for mechanical typesetting, solder (as much as 10% antimony, but normally considerably less), and ornamental molds of Britannia metal (5 % antimony) and pewter (7.5 % antimony in current goods). To improve heat tolerance, graphite bearings are treated with antimony. Antimony, along with beryllium, is utilized as a starter neutron source in nuclear reactors. The term "antimony black" refers to finely powdered metallic antimony that is utilized in the bronzing of metals and plaster castings.

The chronic health effects associated with Antimony are expected to be a major restraint in the market growth.

The principal consequences of chronic antimony exposure in humans include respiratory symptoms e.g. antimony pneumoconiosis (lung inflammation induced by dust intake), abnormalities in pulmonary function, bronchial asthma, chronic emphysema, dormant TB, pleural adhesions, and discomfort.

Cardiovascular consequences (increased blood pressure, changed EKG readings, and cardiac muscle damage) and gastrointestinal issues have also been observed in persons who have been persistently exposed to antimony by breathing.

Chronic inhalation exposure has been proven in animal tests to have impacts on the pulmonary, cardiovascular, and renal systems. Animal studies on antimony exposure include bloodstream, liver, central nervous system, and gastrointestinal abnormalities.

The scope for future explorations of antimony deposits is expected to be the key opportunity in the global market.

Most unknown primary antimony deposits are most likely to be found in geologic environments comparable to those known to host antimony deposits (i.e. continental sedimentary basins). These sorts of sedimentary rocks would be ideal locations in the United States, particularly in the Cordillera of Alaska, as well as in California, Montana, Idaho, and Nevada. Large-scale shear regions and strike-slip fault regions, e.g.those found in Nevada, may be conducive to antimony fissure-vein occurrences. Historically, hardly any exploration has been focused entirely on antimony. The majority of antimony exploration has occurred as a by-product of exploring for other mineral commodities, e.g. copper, gold, lead, and silver. But this scenario is expected to change in the future considering the demand for antimony in the semiconductor industry.
Antimony Market Segment Analysis:
By Application, the flame retardant segment is expected to grow at a CAGR of 5.1% in the forecast period. Subsequent antimony demand growth would be heavily influenced by the amount of demand from the flame-retardant sector, which accounts for 54.5 percent of primary antimony consumption globally and around 90.5 percent of global antimony trioxide consumption. Antimony trioxide is typically utilized as catalyst support with bromine and chlorine in the flame-retardant industry. Antimony-based catalysts are currently used in the manufacturing of polyethylene terephthalate around the globe.

A unique chip created from germanium-antimony telluride has been introduced in the semiconductor industry for 'Phase-change' Random Access Memory chips that can process information quicker than flash drives and are non-flammable, unlike silicon. The chips are now available for purchase and are likely to find use in cell devices and wireless cameras.

Recent research and development projects started by lead-acid battery manufacturers have resulted in considerable modifications in lead-acid battery design, yielding significantly better performance that is destined to make lead-acid batteries a better and more feasible alternative than their rivals. This would ultimately lead to an increase in the usage of antimony in lead-acid batteries, increasing the use of antimony in battery markets. The world supply of antimony is predicted to increase to a level sufficient to fulfill future demand. However, according to the United States Geological Survey, global antimony consumption is likely to rise due to an increase in the use of antimony in fire retardants, lead-acid batteries, and polymers, especially in Asia.
Regional Insights:
Antimony was the world's 1107th highest traded product in 2022, with a total trade value of USD 252 million. An Antimony shipments fell by 11.4 percent between 2020 and 2021, from USD 284 million to $252 million. commerce accounts for 0.0015 percent of total global trade. Global Antimony has been designated as a critical mineral by the United States government, owing to its usage in military applications. The vast majority of the world's antimony is produced in China, and much of the rest is exported there for processing. The world's antimony resources are typically dispersed. The majority of the world’s recognized antimony resources are in China; other nations with recognized antimony reserves include Bolivia, Mexico, Russia, Canada, South Africa, Tajikistan, and Turkey.

The objective of the report is to present a comprehensive analysis of the Antimony market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Antimony market dynamics, and structure by analyzing the market segments and projecting the Antimony market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Antimony market make the report investor’s guide.
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Antimony Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 282.6 Mn.


Forecast Period 2023 to 2029 CAGR:
5.9 %
Market Size in 2029:
US $ 422.14 Mn.


 Segments Covered:
by Type
Metal Ingot
Antimony Trioxide
Antimony Pentoxide
Alloys
Other


by Application
Flame Retardants
Lead-acid Batteries
Alloy Strengthening Agents
Fiberglass Composites
Catalysts
Other


by End-Use Industry
Chemical
Automotive
Electrical & Electronics
Others



Antimony Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Antimony Market Key Players
1.BASF SE
2.Campine
3.Yiyang Huachang Antimony Industry Co. Ltd
4.Hunan ChenZhou Mining Group Co. Ltd
5.Korea Zinc Co. Ltd
6.Lambert Metals International
7.Mandalay Resources Corp.
8.Nihon Seiko
9.Nyacol Nano Technologies Inc.
10.Suzuhiro Chemical
11.Tri-Star Resources PLC
12.US Antimony
13.Yunnan Muli Antimony Industry Co. Ltd
14.AMG Advanced Metallurgical Group
15.Recyclex

FAQs:

1. Which is the potential market for Antimony in terms of the region?
Ans. China is the potential market for Antimony in terms of the region.

2. What are the opportunities for new market entrants?
Ans. The scope for future explorations of antimony deposits is expected to be the key opportunity in the global market.

3. What is expected to drive the growth of the Antimony market in the forecast period?
Ans. The growing use of Antimony in metallurgy and semiconductor applications is expected to be a major driver of the market growth.

4. What is the projected market size & growth rate of the Antimony Market?
Ans. Antimony Market size was valued at US$ 282.6 Mn. in 2022 and the total Antimony revenue is expected to grow by 5.9% from 2023 to 2029, reaching nearly US$ 422.14 Mn.

5. What segments are covered in the Antimony Market report?
Ans. The segments covered are Type, Application, End-Use Industry, and Region.