Antimony Market Research Report – Forecast to 2030

Antimony Market Research Report Information By End-User (Transportation, Chemicals, Electronics, Ceramic & Glass, Food & Beverages, Cosmetics, and Others), By Type (Antimony Ingot, Alloys, Antimony Trioxide, and Others), By Applications (Flame Retardants, Stabilizers, Catalysts, Alloy Strengthening Agents, Semiconductors, Enamels, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.

ID: MRFR/CnM/4876-HCR | 140 Pages | Author: Chitranshi Jaiswal | September 2023         

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Global Antimony Market Overview

The antimony market size was valued at USD 1.9 billion in 2022. The antimony industry is projected to grow from USD 2.04 Billion in 2023 to USD 3.64 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2023 - 2032)Rising demand for antimony trioxide used to make flame retardants and plastic additives and rising demand for polyethylene terephthalate (PET) packaging made with antimony are the key market drivers enhancing the market growth
Antimony Market Overview
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Antimony Market Trends

  • Increasing demand for flame retardants is driving the market growth

Market CAGR for antimony is being driven by the rising demand for flame retardants. Most of the world's reserve is utilized in flame-retardant raw materials such as trioxide. Powdered trioxide is chemically inserted or physically blended into various products, including textiles. Although it is not a flame retardant in and of itself, the flame retardant apparel is manufactured using Sb as it suppresses and decreases the spread of flames when mixed with halogens such as bromine in polymers. Sb203 is commonly utilized in plastics, rubbers, paints, textiles, and various industrial safety garments and clothing for children to make them resistant to the spread of fire.

Additionally, the stringent regulations mandated by the Occupational Safety and Health Administration OSHA to practice flame retardant clothing drive the demand for flame retardants, further boosting the antimony market. For instance, OHSA regulation 1910.269 is referred to as the 269 Standard. This factor relates to people working in the electric power generation, transformation, control, and transmission industries. Electrical arcs are a common hazard for these workers. Employers must train employees about potential hazards, according to the 269 Standard. Electrical arcs and how they can cause flames should be taught to them. The 269 Standard also forbids personnel from wearing garments that could catch fire and injure them. Clothing that catches fire and continues to burn is prohibited.

Furthermore, antimony is fused with lead, and the resulting alloy (solid solution) is utilized in lead-acid batteries. However, environmental regulations on lead emissions have hampered the utilization of antimony in lead batteries ly. Other alloys incorporating the element make bullets, solder, cable sheaths, and organ pipes. The collection of natural antimony materials and downstream presentation of antimony products were constrained in 2021 due to raw material shortages combined with worldwide shipping delays. The antimony cost reached a high of USD 6.65 per pound in October 2021, related to the annual average price of USD 2.67 per pound in 2020, which drives the antimony market revenue.

Moreover, increasing demand for electric vehicles and flame retardants in numerous end-user industries like plastic drives the overall demand for the market. Moreover, macroeconomic factors like GDP growth and purchase power difference are the prominent drivers of the antimony market. As antimony is used in lead-acid batteries, it can also be extracted from lead-acid batteries and can be reused. This is the most prominent factor for market growth, as spare lead-acid batteries can extract antimony from that. Other factors, including rapid industrialization and growing demand for polyethylene terephthalate (PET) packaging manufactured utilizing antimony industry as a major ingredient, are anticipated to drive the market over the forecast period.

Antimony Market Segment Insights

Antimony Type Insights

The antimony market segmentation, based on type, includes antimony ingot, antimony trioxide, alloys, and others. The antimony trioxide segment dominated the market, accounting for the major market revenue over the forecast period. Antimony trioxide, also known as antimony oxide, is the most widely produced and used compound of elemental antimony. Antimony trioxide is a flame retardant in plastics, adhesives, rubber, fiberglass, and paper. It is used with a combination of halogenated compounds to function as a flame retardant.

Figure 1: Antimony Market, by Type, 2022 & 2032 (USD billion)
Antimony Market, by Type, 2022 & 2032
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Antimony Application Insights

The antimony market segmentation, based on application, includes flame retardants, stabilizers, catalysts, alloy strengthening agents, semiconductors, enamels, and others. The flame retardants category generated the most income over the forecast period. Flame retardants are those chemicals or ingredients used in materials to prevent the start of or to slow down a fire. Flame retardants have been used in consumer and industrial products since the 1970s to reduce the ability of materials to catch fire or ignite. Antimony oxide acts as a condensed form of flame retardant in materials.

Antimony End-User Insights

The antimony market segmentation, based on end-user, includes transportation, chemicals, electronics, ceramic & glass, food & beverages, cosmetics, and others. The ceramic & glass category generated the most income over the forecast period. Antimony is used as an additive in fiberglass composites. Antimony compounds are added directly to the resin and dispersed using standard mixing equipment.

Antimony Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific antimony market area will dominate this market due to the presence of a substantial production base and end-user industries. Because of its enormous reserves, China produces more than half of the world's production. Moreover, China antimony market held the largest market share, and the Indian antimony market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe antimony market accounts for the second-largest market share due to growing demand for safe and fire-resistant products, and industries are adopting similar product patterns in this region. Further, the German antimony market held the largest market share, and the UK antimony market was the fastest-growing market in the European region.

The North America antimony market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rising demand from the electronics sector for manufacturing consumer electronics assists the growth in this region. Moreover, the US antimony market held the largest market share, and the Canada antimony market was the fastest-growing market in the North America region.

Antimony Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the antimony market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The antimony industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the antimony industry to benefit clients and increase the market sector. Major players in the antimony market, including AMG, Mandalay Resources, Belmont Metals, American Elements, GeoProMining, Ltd., Korea Zinc, Nihon Seiko Co. Ltd., and others, are attempting to increase market demand by investing in research and development operations.

Campine S.A. is a diversified company that manufactures and sells flame retardant systems and recycles lead oxides and batteries distributed throughout Western Europe. Campine operates subsidiaries in France, the United States, Australia, and Belgium. In January 2021, Campine enhanced its recycling activities with a creative process to recycle chemicals directly from post-consumer and industrial metal trash. It contains the production of antimony from trash streams.

Clariant International Ltd, a subsidiary of Clariant AG, is a specialty chemicals company. It develops, manufactures, distributes, and sells specialty chemicals in customers' manufacturing and treatment processes. Its product portfolio includes additives, automotive fluids, agricultural residues, petrochemical catalysts, performance materials, surfactants, mining chemicals, intermediates, and emulsions. The company's products find application in industrial, home care, paints and coatings, crop protection, automotive, plastic, transportation, refining, and pharmaceutical markets. It operates through a network of manufacturing facilities, research and development, and technical centers worldwide. In November 2019, Clariant introduced a new antimony-trioxide-free method for molding and laser-marking thermoplastic urethane ear tags for determining cattle and other livestock. Working with Coherent, Inc., Clariant produced an additive masterbatch that, when counted to the TPU commonly utilized to mold ear tags, creates a polymer more sensory to the near-infrared laser light from coherent laser markers.

Key Companies in the Antimony market include

  • AMG Advanced Metallurgical Group American Elements

  • Mandalay Resources Ltd.

  • Belmont Metals

  • Hunan Chenzhou Mining Group Co. Ltd.

  • Korea Zinc

  • Nihon Seiko Co. Ltd.

  • Geopromining Ltd.

  • Consolidated Murchison Mine

  • Umicore

Antimony Industry Developments

June 2019: United States Antimony Corporation reported continuous capacity expansion at its smelter in Madero, Coahuila, Mexico. The third long rotary furnace (LRF) will be installed as part of this. Three more LRFs are in the company's inventory. The additional capacity is planned to meet production increases from the Company's Wadley and Sierra Guadalupe Mines, with furnace recovery in the 96 percent to 98 percent range.

Antimony Market Segmentation

Antimony Type Outlook

  • Antimony Ingot

  • Alloys

  • Antimony Trioxide

  • Others

Antimony Application Outlook

  • Flame Retardants

  • Stabilizers

  • Catalysts

  • Alloy Strengthening Agents

  • Semiconductors

  • Enamels

  • Others

Antimony End-User Outlook

  • Transportation

  • Chemicals

  • Electronics

  • Ceramic & Glass

  • Food & Beverages

  • Cosmetics

  • Others

Antimony Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 1.9 billion
Market Size 2023 USD 2.04 billion
Market Size 2032 USD 3.64 billion
Compound Annual Growth Rate (CAGR) 7.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2019- 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Growth Factors, Market Competitive Landscape, and Trends
Segments Covered Type, Application, End-User, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled AMG, Mandalay Resources, GeoProMining, Ltd., Korea Zinc, Nihon Seiko Co. Ltd., Umicore, Hunan Chenzhou Mining Group Co. Ltd., Belmont Metals, American Elements, Tri-Star Resources PLC, Amspec Chemical Corporation, Lanxess, and Cambrian Mining Ltd.
Key Market Opportunities Increased industrialization and rising demand for polyethylene terephthalate (PET) packaging made with it.
Key Market Dynamics Increasing adoption of antimony for manufacturing lead-acid batteries, castings, pipes, solders, and bearings for transistors.

Frequently Asked Questions (FAQ) :

The antimony market size was valued at USD 1.9 Billion in 2022

The market is projected to grow at a CAGR of 7.50% during the forecast period, 2023-2032

North America had the largest share of the market

The key players in the market are AMG, Mandalay Resources, US Antimony, GeoProMining, Ltd., Korea Zinc, Nihon Seiko Co. Ltd., Umicore, Hunan Chenzhou Mining Group Co. Ltd.

The antimony trioxide category dominated the market in 2022

Flame retardants had the largest share of the market

Ceramic & glass had the largest share in the market

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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