Antimony Market: Information by Type (Antimony Ingot, Antimony Trioxide), Application (Flame Retardants, Catalysts, Alloy Strengthening Agents), End-Use Industry (Transportation, Chemicals, Electronics, Ceramics & Glass) & Region - Forecast till 2030

Antimony Market Overview 

The Antimony Market Growth is expecting to grow at a substantial growth rate of 7.46% during the forecast 2021-2030. During this period, the market is expecting to reach a final market valuation worth USD 3,432 million by the end of the forecast 2021-2030. Antimony can be recognized as a chemical element that is found in both metallic forms and non-metallic ones. Comparatively, the metallic form belongs to a brittle nature and is usually, available in a bright silver color. But, the non-metallic one is the one that is usually present in grey color and powders form. 

Antimony can be extracted from ores like stibnite and valentinite. They are generally available as a part of nature. Antimony is present independently as well, and hence, can be used at a wider scale. Companies are using them on an elaborated scale and this is one of the major reasons due to which their uses are being recognized globally.

COVID 19 Analysis 

Since the pandemic has taken over the normal trends and way of living of the common man, the market players have been struggling to keep up with the changes and introduce new and changed tastes and preferences. One of the major issues which the markets have faced since the coronavirus outbreak is that there is the unavailability of skilled labor due to the imposed lockdown of the temporary and permanent kind alongside the reduced availability of raw materials that are ultimately leading to a major disruption in the supply chain mechanism. Also, the decline in the employment opportunities people are experiencing struggles to meet their daily needs as well that have been posing major issues for growth for the Antimony Market operations during the forecast period. 

The rising government support and the supportive public sector initiatives are likely to help the market cover the losses and hence, improvise on the working and offerings during the forecast period. Also, the prominent market players that are functional in major global regions are increasing their investment in the research and development initiatives that will help in developing vibrant products that will enhance the Antimony Market Size in the period. Also, a satisfied customer means a better return on investments in the long run.

Market Dynamics 

Drivers 

One of the most important factors that are driving the Antimony Market Growth during the forecast period is that there is a huge rise in the growing fire safety regulations in both the private and commercial spaces that are pushing for a greater need for antimony. Owing to its role in maintaining fire safety, antimony is used in other places like schools, and offices, as well. Also, the alternate uses of antimony that is its role as an additive in fiber-glass composites for adhesion purposes are helping in the global growth of the market during the period. The adhesive property of antimony is quite high and hence, this will drive the market towards growth during the period. 

Opportunities 

Owing to short circuit and wiring concerns at various places, fire safety and availability of appropriate equipment are a must. This is one of the main reasons for the rising demand for the Antimony Market. Also, antimony acts as a stable element when it is suspended in dry air. This is an interesting fact that gives rise to the exploration degree that gives rise to the discovery of antimony reserves. All these factors are likely to present great opportunities to the market operations for expansions and global dominance. 

Technology Analysis 

Recognizing the risk of maintaining the environmental health that rises after using antimony, there is a rise in the investment quantum to decrease the ill effects of using antimony on the environment, and also, major steps are being taken so that public health is not at risk. Technological advancements are helping antimony to be used in lead-acid batteries as well, that help in reusing and hence, present the Antimony Market with great opportunities for global expansion and domination during the forecast period.

Study Objectives 

• To project the futuristic scope of the market based on the effects of the pandemic on the market operations and the dynamics in the form of drivers, opportunities, and restraints available to the Antimony Market during the forecast period.


• To understand the Antimony Market segmentation that is functional in mushrooming global locations that will affect the global market valuation by the end of the period and also, affect the decision of the potential investors on a global scale.


• To study the recent developments of the prominent players of the Antimony Market during the period and draw a competitive degree that prevails based on the global market functioning by the end of the global forecast period.

Antimony Market, by End-Use Industry, 2017 (%)

 Source: MRFR Analysis

Segment Overview 

The report aims to help the market buyers and investors make better decisions of investment. Hence, the report discusses the performance and the revenue potential of the Antimony Market Segments that are catering to the demands put forward by the target audience in various global locations. The market has been segmented based on the following: 

Based on the Market Applications 

The Antimony Market Application segment includes flame-proof materials, plastics, ammunition, batteries, glass, pigments, textiles, and rubber, amongst others. 

Based on the End-Use Industries 

The End-Use Industries that witness the Antimony Market operations and demand the same are the paints and coatings industry, aerospace and defense sector, military units, construction companies, automotive and automobiles, and textile, amongst others. 

Based on the Market Products 

The product segment of the Antimony Market includes alloys and trioxides, amongst others. 

Based on the Global Regions 

The Antimony Market is witnessing a propelling demand in 5 major mushrooming regions of the world. These are North America and South America, the APAC region, Europe, alongside the Middle East and Africa (MEA).

Regional Analysis 

The Antimony Market value is expected to grow to the maximum in the APAC region especially in India and China during the forecast period. China is emerging as an undisputed leader in the global market. The main reason behind this undoubted dominance is that there are large reserves present in the region that are collaborating with the fact that this region is home to a large number of people who are ready to work as cheap labor. In comparison, the North American and European nations are expected to undergo a low rate of growth owing to the stringent government regulations that are developing more restraints rather than opportunities for the global market operations to propel and develop upon during the forecast period.

Competitive Landscape 

The Antimony Market Analysis shows that there is a rising degree of competition amongst the market players. The report highlights the same and discusses the role of the market players. The key players of the market are as follows: 

• AMG Advanced Metallurgical Group


• American Elements


• Mandalay Resources Ltd.


• Belmont Metals


• United States Antimony Corporation


• Hunan Chenzhou Mining Group Co. Ltd.


• Korea Zinc


• Nihon Seiko Co. Ltd.


• Geopromining Ltd.


• Consolidated Murchison Mine


• Umicore


• Huachang Antimony Industry 

Recent Developments

• Jan 2022 The results of Blue Lagoon Resources Inc.'s 2021 soil sample study on its Dome Mountain Gold Project, a year-round accessible site located a short 50-minute drive from Smithers, BC, have been released. In several new zones, the Company's 2021 soil sampling program identified strong anomalous gold, zinc, and copper-in-soils zones that justify further investigation during the Company's 2022 exploration season. In the initial stage of the 2021 Phase 2 program, anomalous pathfinder elements associated with gold-in-soil anomalies at Freegold, including antimony, zinc, lead, molybdenum, mercury, uranium, copper, bismuth, and silver, were drilled, and high-grade gold was encountered as expected.


• Aug 2021 Perpetua said that it has engaged into a strategic supply deal with Ambri, Inc., a fellow American business, to supply antimony for its nascent liquid metal battery research (LMBs). The potential of wind and solar electricity to play increasing roles in electric grids will almost certainly rely on the full development of LMBs. Only two minerals are used in Ambri's LMB technology: antimony and salt. Rather of needing to solve for massive new quantities of a variety of important minerals such as lithium, cobalt, and nickel, LMB tech must solve for large volumes of one mineral, antimony, because salt is abundant all over the world.


• AMG Advanced Metallurgical Group acquired some of the assets belonging to International Specialty Alloys in November 2019. The company is one of the leading producers of titanium master alloys in the US market and also deals in other binary alloys that are a part of the aerospace market. AMG Advanced Metallurgical Group aims at massive business expansion with the acquisition.

• The rising demand for safe and fire-resistant products is rising in the European market and the industries are opting for similar product patterns. Hence, the demand and profits have a scope to be revived in this market. The revenue expectations are growing and might take a positive turn by the end of the current forecast period.

• 
  The North American players are also, opting for an increase in investment in the research and development sector that is pushing for the production of safer products and materials that fit the budget of the users and solve the purposes of the industry, as well.

• Oman's first antimony & gold exporter and processing facility - Strategic and Precious Metals Processing (SPMP), announced that it would reach full production capacity by the end of 2020. Operating at full capacity, the facility would produce 20,000 tonnes of antimony products as well as 50,000 ounces of gold per year, representing 15 % of the average amount of the world's production of Antimony. The JV is expected to Position Oman on the global map of minor & precious metal producers firmly & strategically. The JV would also open a new chapter in the industrial journey of this nation.

Intended Audience 

• Antimony Producers, Traders, and Manufacturers


• Potential Market Buyers and Investors


• Market Research Firms


• Government and Public Sector


• Development Organizations


• General Public


• Restaurant and Other Public Place Owners

Report Overview 

The Antimony Market Report helps in providing a deep analysis of the recent developments of the players and highlight the global trade regulations. Also, the market helps in having an idea about the production analysis and the market share of the segments that will impact the final market value during the forecast period. The market puts light on the technological advancements and market dynamics that will lead the operations during the forecast period.