Antimony Market Overview:
According to the latest report by IMARC Group, titled “Antimony Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on antimony market share. The global antimony market reached a value of US$ 1.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2027, exhibiting a CAGR of 7% during 2022-2027.
Antimony refers to the chemical element that is either derived from the naturally occurring sulfide mineral stibnite or can be extracted from ores, such as valentinite and stibnite. Widely available in metallic and non-metallic forms, the metallic variant of the element is characterized by a brittle nature and bright silver color, whereas the non-metallic form is a grey powder.
The element is required to be combined with other metals to improve its durability for applications requiring improved strength.
Get a Free Sample Copy of this Report: https://www.imarcgroup.com/antimony-market/requestsample
Global Antimony Market Trends:
The market is primarily driven by the escalating utilization of flame retardants across numerous industry verticals, including electrical, construction, automotive and aerospace. The market is further driven by the increasing utilization of the chemical element in the manufacturing of lead-acid batteries. It is widely used as a strengthening agent for lead alloys of these batteries, which are further employed as a crucial component of electric vehicles (EVs). Their utilization assists in improving the reliability of the vehicle while delivering high currents and offering a low internal impedance and indefinitely extended shelf life when stored without an electrolyte.
The rising sales of EVs can be accredited to the inflating per capita income levels of the masses, the growing need for minimizing carbon dioxide emissions and the stringent government regulations imposed to reduce air pollution. The growing preference for PET in food packaging and beverage bottling, along with its exceptional recyclable properties, is creating a positive outlook for the market. Some of the other factors contributing to the market growth include the growing demand for antimony-based fiberglass composites with chemical and heat-resistant properties, and the rising utilization of antimony in the production of numerous consumer electronics.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- AMG Advanced Metallurgical Group
- BASF SE
- 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
- Suzuhiro Chemical
- Tri-Star Resources
- United States Antimony
- Village Main Reef Ltd.
- Yunnan Muli Antimony Industry Co. Ltd
Antimony Market Segmentation:
Our report has categorized the market based on region, product type, application and end-use industry.
- Metal Ingots
- Flame Retardants
- Lead-Acid Batteries
- Plastic Additives
- Glass and Ceramics
- Electrical and Electronics
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800