Antimony Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2027)

 

The global antimony market has been segmented by type, application, end-use industry, and region.

By type, the global antimony market has been divided into antimony ingot, antimony trioxide, alloys, and others. The antimony trioxide segment dominated the market in 2017 as this type of antimony is extensively used in flame retardant applications. Additionally, it is used as a catalyst in PET production and as a stabilizing agent in PVC production.

On the basis of application, the Antimony Market has been segmented into flame retardants, stabilizers, catalysts, alloy strengthening agents, semiconductors, enamels, and others. The flame retardants segment led the market in 2017 due to the high demand in major end-use industries such as building and construction, automotive, electrical and electronics, and aerospace. The increasing demand for flame retardants in these industries is driving market growth.

The market has been segregated, by end-use industry, into transportation, chemicals, electronics, ceramics and glass, food & beverage, cosmetics, and others. The transportation sector is leading the market on account of the high use of antimony in lead storage batteries for electric vehicles. The demand for these vehicles is increasing to meet stringent environmental regulations to reduce CO2 emissions.

 

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Regional Analysis

The antimony market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The market in Asia-Pacific dominated the global antimony market in 2017 on account of the high demand from major end-use industries such as transportation, food & beverage, chemicals, cosmetics, and electronics in the region.

The North American market is expected to witness significant growth due to the demand from the food & beverage, construction, and aerospace industries.

High demand in the automotive industry in Europe is expected to drive product demand in the region during the forecast period.

Competitive Analysis

Some of the manufacturers operating in the global antimony market are Amspec Chemical Corporation (US), Artemis Resources (Australia), BASF SE (Germany), Campine (Belgium), Huachang Antimony Industry (China), Korea Zinc Co., Ltd (South Korea), Recylex (France), United States Antimony Corporation (US), Nihon Seiko Co., Ltd (Japan), Umicore (Belgium), Mandalay Resources Ltd. (Canada), American Elements (US), and Belmont Metals (US).

 

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