The growth of the antimony market can be attributed to the increasing use of antimony in the chemical industry. In the chemical industry, antimony is prominently used in flame synergist, catalyst, and stabilizer. The automotive industry is the second-largest end-use industry of antimony. Antimony is used in lead acid batteries in the automotive sector.
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. The antimony market size is projected to reach USD 2.37 billion by 2023, at a CAGR of 6.0% between 2018 and 2023.
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Antimony trioxide is estimated to dominate the overall antimony market between 2018 and 2023. Antimony trioxide is the most common and important form of the antimony compounds and is primarily used in flame retardant applications. It is also used as catalyst and stabilizer in PET and polyvinylchloride (PVC) production, respectively.
Key Drivers:
· Increasing Fire Safety Regulations
· Growing Use in Plastic Additive Application
Opportunities:
· Exploration of Newly Discovered Antimony Reserves
· Recycling of Antimony
Target Audience:
· Manufacturers of antimony
· Suppliers of raw materials
· Distributors and suppliers of antimony
· End-use industries
· Industry associations
Antimony Market, by Application:
· Flame retardant
· Plastic additives
· Lead acid batteries
· Glass & ceramics
· Others
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Based on end-use industry, the antimony market has been segmented into chemical, automotive, electrical & electronics, and others. The chemical industry dominates the overall antimony market. In the chemical industry, antimony is prominently used as flame synergist, catalyst, and stabilizer.
Based on application, the antimony market has been classified into flame retardants, lead acid batteries, plastic additives, refining agent, and others. Flame retardant and plastic additives applications together account for 81%, in terms of volume, share of the overall market in 2017.
AMG Advanced Metallurgical Group (Netherland), Mandalay Resources (Canada), United States Antimony Corporation (USAC) (US), Korea Zinc (South Korea), Recyclex (France), Nihon Seiko (Japan), Umicore (France), and Hunan ZhongNan Antimony & Tungsten Trading Co., Ltd. (China) are the key players operating in the antimony market.
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