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Market Overview:
The Antimony Market size is estimated to reach $5.3 billion by 2030, growing at a CAGR of 7.4% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Antimony Market – By Type (Metal Ingot, Antimony Trioxide, Antimony Pentoxide, Alloys and Others), By Application (Flame retardant, Plastic additives, Lead-acid batteries, Glass & ceramics, Alloy Strengthening Agents, Fiberglass Composites, Catalysts, Stabilizers and Others), By End-Use Industry (Automotive, Electronics & Semiconductor, Chemical, Building and Construction, Aerospace and Defense, Medical and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Technological advancements in antimony extraction and processing methods and Growing focus on improving safety standards in industrial applications are fueling the growth of the Antimony industry during the forecast period.
Asia Pacific Dominated the Market in 2023:
Asia Pacific accounted for the largest share of 43.0% of the Antimony Market in 2023. The Antimony Market is driven by robust demand from sectors like electronics, automotive, and flame retardants. In 2023, China's industrial sector's total value added reached 39,910.3 billion yuan ($5638.8 billion), marking a 4.2 percent increase from the previous year. This growth, particularly in China and India, fuels the need for antimony in batteries, alloys, and semiconductor devices. Additionally, rising urbanization and infrastructure projects enhance the demand for antimony in construction materials. Technological advancements and improved recycling processes are further expanding market opportunities in the region.
Antimony Market: Key Takeaways
Increasing Use of Antimony in Flame Retardants for Construction and Textiles:
The increasing use of antimony in flame retardants for construction and textiles is driven by growing safety regulations and the demand for fire-resistant materials. Antimony trioxide, a key compound in flame retardants, enhances the fire resistance of products, making it essential in construction materials and textile applications. As industries prioritize safety standards, particularly in commercial buildings and residential spaces, the need for effective fire prevention solutions is rising. Additionally, the expanding use of flame-retardant textiles in furniture, carpets, and clothing further fuels the demand for antimony, as it provides an efficient and reliable means of reducing fire risks.
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Growth in the Automotive Sector, Driving the Need for Antimony in Batteries and Alloys:
The growth in the automotive sector is a key driver for the increasing demand for antimony, particularly in the production of batteries and alloys. As electric vehicles (EVs) gain momentum and internal combustion engines require enhanced efficiency, manufacturers are turning to antimony-based materials to improve battery performance and metal strength. Antimony’s role in lead-acid batteries, widely used in vehicles, is crucial for ensuring durability and reliable energy storage. Additionally, its application in alloys enhances the strength and wear resistance of automotive components, supporting the industry's shift toward lightweight and high-performance materials. This surge in demand aligns with automotive innovation and sustainability goals.
Scope of the Report:
Recent Development:
- In July 2023, India's Borosil Renewables Ltd (BRL) has launched the world’s first antimony-free low-iron textured solar glass in Europe, produced by its German subsidiary, Interfloat. BRL aims to expand its customer base globally, offering environmentally friendly and high-efficiency solar glass.
Antimony Market: Competitive Landscape
Key companies profiled in the Antimony Market are Alfa Chemistry, Ereztech LLC, Goodfellow, Youngsun Essen Corp, Lambert Metals International, Hunan Chenzhou Mining Group Co. Ltd., Otto Chemie Pvt Ltd, Korea Zinc Co. Ltd., Nihon Seiko, Suzuhiro Chemical and Others.