The global antimony market is likely to be worth USD 2 Billion in 2022 and is expected to reach USD 2.9 Billion by 2032, growing at a 4% CAGR from 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Expected Base Year Value (2021) | USD 1.7 Billion |
| Projected Market Value (2022) | USD 2 Billion |
| Anticipated Market Value (2032) | USD 2.9 Billion |
| Global Growth Rate (2022 to 2032) | 4% CAGR |
Antimony is a chemical element that can be metallic or nonmetallic. The metallic form is a bright silvery material that is brittle. The grey powder is a nonmetallic form of antimony. In dry air, antimony is a stable element that is inert to acids and alkalis. Antimony expands when cooled and is an inefficient conductor of electricity and heat. Antimony is one of the oldest known elements to mankind, having been used for a variety of purposes since 4000 BC.
Since the pandemic has taken over the common man's normal trends and way of life, market players have struggled to keep up with the changes and introduce new and changed tastes and preferences.
One of the major issues that the markets have faced since the coronavirus outbreak is the scarcity of skilled labor as a result of the imposed lockdown of both temporary and permanent labor, as well as the reduced availability of raw materials, which has resulted in a major disruption in the supply chain mechanism.
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The global demand for antimony is dominated by flame retardants, followed by lead acid batteries, and this trend is expected to continue during the forecast period. Increasing demand for flame retardants in a variety of end-user industries, such as plastic, has been one of the primary factors driving antimony demand. Lead acid batteries are used in a variety of industries, including automobiles and marine applications.
During the forecast period, rising demand for electric vehicles is expected to drive antimony demand. Consumer goods, such as automobiles and textiles, are major end-user industries for antimony. As a result, macroeconomic factors such as GDP growth and purchasing power parity are important growth drivers for the antimony market.
Antimony exposure can cause serious health problems such as breathing problems, skin irritation, and lung cancer, among other things. Antimony also causes several environmental hazards, which has resulted in an increase in the number of regulations to regulate antimony consumption, stifling market growth for antimony
The Asia Pacific region dominates the global antimony market, owing primarily to high demand in China. China controls more than 80% of global antimony production; additionally, high GDP growth in the region is expected to drive the antimony market during the forecast period.
China remained the world's leading antimony producer in 2021, accounting for 55% of global mine production. According to the USA Geological Survey (USGS), total antimony mine production in the country will be 60,000 metric tonnes in 2021.
In 2020, Europe accounted for a sizable portion of global antimony market revenue. Stringent government regulations, antimony's fire-resistance properties, and rising demand for safer products and materials for use in a variety of products and industries are expected to drive market growth.
In the European market, there is a growing demand for safe and fire-resistant products, and industries are adopting similar product patterns. As a result, demand and profits in this market have the potential to recover. Revenue expectations are rising and may begin to rise by the end of the current forecast period.
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Some manufacturers in the antimony market include Shanghai Metal Corporation, Beijing North Xinyuan Electrical Carbon Products Co.Ltd, and Qingdao Glory International Trading Co. among several others.
Campine expands its recycling activities in January 2021 with an innovative process for recycling chemicals directly from post-consumer and industrial metal waste. It includes antimony production from waste streams.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 4% until 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
FMI projects the global Antimony market to expand at a 4% value CAGR by 2032.
Asia Pacific is expected to be the most opportunistic Antimony market.
Campine NV, Yiyang Huachang Antimony Industry Co., Ltd, Korea Zinc Co. Ltd, BASF SE, and US Antimony, among others. are some prominent Antimony manufacturers.
| Estimated Size, 2024 | USD 886.6 million |
|---|---|
| Projected Size, 2034 | USD 1,433.6 million |
| Value-based CAGR (2024 to 2034) | 4.9% |
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