A chemical element, with the symbol Sb, antimony is a metalloid that is derived from the naturally occuring sulfide mineral stibnite. Antimony has been used for various applications for several decades. While the older applications included cosmetics, newer applications include batteries, textiles, flame retardants, to name a few. Another important source of antimony is recycled antimony derived from lead acid batteries. Owing to antimonys relatively high brittleness, it needs to be combined with other metals in order to be suitable for applications requiring higher strengths.
With significant growth of the applications and end user industries where antimony is used, the demand for antimony continues to be on the rise. Increasing purchasing power of the popualtion in some of the emerging economies is also fuelling the growth of the antimony market via the applications they are used in.
A major inhibitor for the global antimony market is the health effects associated with exposure to antimony. Some of the known health hazards include lung cancer, skin irriation, breathing difficulties, among others. Stringent government regulations stem from the aforementioned factor and this also is impacting the overall antimony market.
In terms of applications, flame proof materials or retardants are expected to dominate the overall antimony market with batteries coming a close second. This trend is expected to continue till the end of the forecast period considered in this report.
Antimony market can be segmented on the basis of applications as
- Flame Proof Materials
In terms of applications, the Antimony market has been segmented across the following:
- Aerospace & Defense
The most dominant region in the global antimony market is Asia Pacific and China in particular. China is the undisputed leader in the global antimony market owing to the presence of large reserves coupled with the large pool of cheap labor available in China. North America and Europe will have low growth rates during the forecast period owing to the government regulations mentioned above.
The market has been segmented based on the following geographies:
- North America
- South America
- Middle East
Following are just a few of the companies that are operating in the Antimony market:
- Qingdao Glory International Trading Co
- China Tin Group
- Consolidated Murchison
- Beijing North Xinyuan Electrical Carbon Products Co. Ltd
- Shanghai Metal Corporation