Antimony is a chemical element that exists in both metallic and non-metallic forms. The metallic form of antimony is silvery-white in color and brittle whereas the non-metallic form is a grey powder. It occurs naturally in the earth’s crust and forms minerals such as stibnite, kermesite, and valentite. Traces of antimony are also found in ores such as ilmenite, olivine, galena, sphalerite, and pyrite.
The growth of the global antimony market is primarily driven by the increasing use of the element as a flame retardant in major industries such as building and construction, automotive, electrical and electronics, and aerospace. Antimony is used as a strengthening agent for lead alloys in the manufacturing of lead acid batteries, which are extensively used in electric vehicles as they are reliable, can deliver high currents, and have a low internal impedance and indefinite shelf life when stored without an electrolyte. Stringent regulations for environmental protection and reduction of CO2 emissions are expected to fuel market growth during the forecast period. For instance, the European Union has set an emission reduction target of 95 grams of CO2 per kilometer, the fleet average to be achieved by all new cars.
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).
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 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.
- Antimony Miners
- Traders and distributors of antimony
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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.
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