According to the new market research report [111 pages] "Antimony Market by Product Type (Trioxides, Alloys), Application (Flame Retardants, Plastic Additives. Lead-Acid Batteries, Glass & Ceramics), End-Use Industry (Chemical, Automotive, Electrical & Electronics), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Antimony Market is projected to grow from the estimated USD 1.77 billion in 2018 to USD 2.37 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. The demand for antimony, particularly in flame retardant application, has increased gradually. The use of antimony in catalyst used in polyethylene terephthalate (PET) production has also witnessed growth.
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Key Target Audience
- Manufacturers of antimony
- Suppliers of raw materials
- Distributors and suppliers of antimony
- End-use industries
- Industry associations
China is the major exporter of antimony. Antimony shipments from China are sometimes delayed owing to stringent scrutiny on exports through the border with Vietnam. The geopolitical situation along the borders of China and Vietnam often leads to the shutdown of antimony exports on the Vietnam-China border. This border area is also a popular smuggling route, which further attracts more scrutiny. The Vietnam-China border is, thus, under multiple layers of scrutiny and suppliers find it difficult to export. Thus, overcoming geopolitical tensions to enable smoother supply of antimony is a big challenge for stakeholders in the antimony market
APAC is the largest market for antimony. The market in the region is driven by the high demand in flame retardant, plastic additives, and automotive lead acid batteries applications. In APAC, China, Australia, Tajikistan, and Myanmar are the major producers of antimony. The largest reserves of antimony are found in China. Around 70% of antimony is produced by China. The Chinese government is continuously tightening environmental regulations and beefing up its monitoring capabilities regarding antimony production, import, and export.
The market for antimony has a diversified and established ecosystem comprising upstream players, such as raw material suppliers and downstream stakeholders, manufacturers, vendors, and end users of antimony, as well as various government organizations. Leading players operating in the antimony market include AMG Advanced Metallurgical Group (Netherland), Mandalay Resources (Canada), United States Antimony Corporation (USAC) (US), Korea Zinc (South Korea), and Recyclex (France).
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