Global Antimony Market was valued at US$ 1.7Bn in 2019 and is expected to reach US$ 3.2Bn by 2026 at a CAGR of 8.2% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
To know about the Research Methodology:-Request Free Sample Report
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global antimony market dynamics, structure by identifying and analysing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global antimony market.
The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and the same is reflected in our analysis.
Antimony is a chemical element that occurs in both metallic and non-metallic forms. In the form of metallic are bright silver and brittle material. In the form of Non-metallic antimony is in grey powder. Antimony is available freely in nature and also can be extracted from ores, for instance, valentinite and stibnite.
Elemental antimony is available in a relatively small amount owing to the high reactivity of antimony with sulphur, lead, silver and copper. Stibnite is the generally used ore for extracting antimony, ores of antimony are crushed and then antimony is hand sorted from the crushed ore. As a result of large reserves and cheap and abundant labour available in China, China dominates global antimony production.
The rise in demand for flame retardants regarding consumer electronics, household products, toys, clothing, increasing demand for gadgets like tablets, smart watches, smartphones, calculators, etc. is the major driving factors of the antimony market. Moreover, the growing demand for safety policies and growing use for plastic additive application is encouraging market growth. Therefore, fibreglass composites are also fuelling market growth since they possess high strength property. However, overexposure to antimony is anticipated to affect human health adversely and the environment, which will ultimately hamper market growth.
The Trioxides segment is dominating the global antimony market. Nearby 70% of the antimony produced is consumed in the form of antimony trioxide (ATO), worldwide. Antimony trioxide is used in flame retardant, plastic additives, glass & ceramics, and pigment applications. Owing to its wide-range applications, the antimony trioxide segment is expected to lead the antimony market during the forecast period.
The chemical industry is leading the global antimony market. The chemical industry is the major consumer of the antimony market. Antimony is used in the chemical industry as a flame synergist, catalyst, and stabilizer. Antimony trioxide/triacetate form is used as a polycondensation catalyst in the late-stage polymerization of PET production.
Region-wise, the Asia-Pacific accounted for the majority of the market share in 2017 because of the high demand for antimony in major industries such as transportation, electronics, food & beverage, chemicals, and cosmetics in the region. China is the main exporter of antimony. Antimony shipments from China are sometimes delayed due to stringent scrutiny on exports through the border with Vietnam. The geopolitical condition along the borders of China and Vietnam often leads to the shutdown of antimony exports on the Vietnam-China border.
For More Information Visit :
Scope of the Global Antimony Market: Inquire before buying
Global Antimony Market, by Product
Global Antimony Market, by Application
• Flame Retardants
• Plastic Additives
• Lead-Acid Batteries
• Glass & Ceramics
Global Antimony Market, by End-Use industry
• Electrical & Electronics
Global Antimony Market, by Region
• North America
• Middle East and Africa
• South America
Key Players Operating in the Global Antimony Market
• AMG Advanced Metallurgical Group
• Mandalay Resources Ltd
• United States Antimony Corporation
• Korea Zinc
• Nihon Seiko Co., Ltd.
• Hunan Chenzhou Mining Group Co., Ltd
• Huachang Antimony Industry
• Geopromining, Ltd.
• Consolidated Murchison Mine
• Belmont Metals
• American Elements
• Tri-Star Resources PLC
• Amspec Chemical Corporation
• Hsikwangshan Twinkling Star Co. Ltd.
• Hubei Yongcheng Antimony Industry Co. Ltd.
• Cambrian Mining PLC
• Yunnan Muli Antimony Industry Co., Ltd
• Suzuhiro Chemical Co., Ltd.
• Nyacol Nano Technologies, Inc.
• Lambert Metals International Limited
• Atomized Products Group, Inc.
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.