Antimony Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 152.73 metric kilotons |
| Market Volume (2029) | 189.06 metric kilotons |
| CAGR (2024 - 2029) | 4.33 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Antimony Market Analysis
The Antimony Market size is estimated at 152.73 metric kilotons in 2024, and is expected to reach 189.06 metric kilotons by 2029, growing at a CAGR of 4.33% during the forecast period (2024-2029).
- Due to the COVID-19 outbreak, nationwide lockdowns around the world, disruption in mining activities and supply chains, production halts, and labor unavailability negatively impacted the antimony market. However, the increasing demand from various end users will likely drive the market during the forecast period.
- The major factors driving the market study include the rising demand for flame retardant products, increasing demand from PET manufacturers, and growing demand from the plastic industry.
- Substitutes for antimony in major applications and environmental and health concerns related to antimony are expected to significantly hinder the growth of the market studied.
- Recovery of antimony from recycled products is likely to act as an opportunity in the future.
- Asia-Pacific is expected to dominate the global market during the forecast period. It is also expected to register the highest CAGR during the forecast period due to rising demand for antimony in flame retardants, batteries, ceramics and glass, and catalyst applications.
Antimony Market Trends
Flame Retardants Segment to Dominate the Market
- Antimony is a brittle, silvery-white semimetal that conducts heat poorly. It is found in nature mainly as the sulfide mineral stibnite. Some antimony compounds that are used as flame retardants are antimony trioxide, antimony pentoxide, and antimony-metal compounds.
- Antimony trioxide is widely used in flame retardants. It reacts with halogenated compounds and creates the chemical compounds which generate the flame-retardant function.
- Antimony compounds, particularly antimony trioxide, are commonly used as flame retardants in various materials. Although antimony trioxide itself has no flame-retardant function, when used with halogenated compounds, the synergistic effect of the mixture creates flame-retardant properties.
- It is an important industrial metal used to impart flame-retardant properties to coatings, textiles, and polymer resins.
- According to the annual trade data, the United States is the seventh largest exporter of synthetic textiles. In 2022, the United States exported chemical filament fibers worth USD 1.63 billion, the majority of which require antimony as a catalyst and flame retardant synergist during the production stage.
- In addition, the output value of China's textile and garment industry reached a new export peak in 2022, with a trade surplus of over USD 300 billion. According to data from the General Administration of Customs of China, the total value of China's textile and apparel exports in 2022 increased by 2.5% year-on-year. With exports exceeding USD 300 billion for the third consecutive year in 2022, China remains the world's largest exporter of textiles and apparel.
- Further, according to the data published by the Japan Chemical Fibers Association, The production volume of polyester filament fibers in the chemical fibers industry in Japan decreased to 96.32 thousand tons in 2022 compared to 99.68 thousand tons in 2021.
- Hence, owing to the factors mentioned above, the flame retardants application segment is anticipated to drive the market for antimony during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for antimony with the increasing demand for applications in flame retardants, batteries, ceramics and glass, and catalysts.
- As a flame retardant, antimony finds applications in plastics designed for electronic equipment, textiles for tents and protective clothing, paints and pigments, and synthetic fibers, among others.
- According to the National Bureau of Statistics of China, China’s textile production volume accounted for 38.2 billion meters in 2022, compared to 23.5 billion meters during the same period in the previous year.
- According to European Coatings, there are nearly 10,000 coatings manufacturers located in China. Most of the leading global coating manufacturers have their manufacturing bases in China. Paints and coatings companies have been increasingly growing investments in the country to expand specialized coating production capacity.
- Indian paints and coatings producers added significant production capacities. Currently, there are a number of ongoing expansions in the paint and coatings sector by major producers in the country. This is also expected to increase the demand for Antimony in the country.
- Recently, various companies have announced their capacity expansions, likely to boost the market demand for antimony for paints and coatings formulation in the country. In May 2022, Grasim Industries (Aditya Birla Group) plans to invest INR 10,000 crore in its paint business by FY2025. In January 2021, the company announced its plans to enter the paints business with INR 5,000 crore in the next three years. The company is likely to commission a paint plant with a production capacity of 1,332 million liters per annum (MLPA) by Q4 FY2024.
- Engineering Plastics that are treated with antimony to improve their flame resistance properties are preferred in both interior and exterior components, especially the electronic components of automotive. It's also well-suited to heavy-duty applications so that it can be used for automotive body parts, too.
- China is the largest automobile market globally and plays a pivotal role in the Asian automotive sector. In 2022, vehicle production in China reached a notable total of 27.02 million units, marking a 3% increase compared to the previous year (26.09 million units). The substantial production volume in China signifies a robust demand for flame-retardant automotive materials, thus supporting the thriving antimony industry.
- According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), Japan registered a flat growth in 2022 annually in terms of motor vehicle production, with 2021 production accounting for 7,836,908 units and 2022 production accounting for 7,835,519 units. Antimony-based materials such as ABS are used to produce certain automotive components, and the demand from the automotive sector can affect the Antimony market.
- Overall, the growth of industries such as automotive, paints and coatings, textiles, and electrical and electronics is likely to drive the market for antimony in the region during the forecast period.
Antimony Industry Overview
The antimony market is partially fragmented in nature. The major players (not in any particular order) include Hsikwangshan Twinkling Star Co. Ltd, Yiyang City Huachang Antimony Industry Co. Ltd, Yunnan Muli Antimony Industry Co. Ltd, Campine nv, and Lambert Metals International Limited, among others.
Antimony Market Leaders
Hsikwangshan Twinkling Star Co. Ltd
Yiyang City Huachang Antimony Industry Co. Ltd
Yunnan Muli Antimony Industry Co. Ltd
Campine nv
Lambert Metals International Limited
*Disclaimer: Major Players sorted in no particular order
Antimony Market News
- The recent developments pertaining to the major players in the market are being covered in the complete study.
Antimony Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Demand for Flame Retardant Products
4.1.2 Increasing Demand from PET Manufacturers
4.1.3 Growing Demand from the Plastic Industry
4.2 Restraints
4.2.1 Availability of Substitutes
4.2.2 Environmental and Health Concerns
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Type
5.1.1 Metal Ingot
5.1.2 Antimony Trioxide
5.1.3 Antimony Pentoxide
5.1.4 Alloys
5.1.5 Other Types (Powder Form, Ores and Concentrates, and Scraps)
5.2 Application
5.2.1 Flame Retardants
5.2.2 Batteries
5.2.3 Ceramics and Glass
5.2.4 Catalyst
5.2.5 Other Applications (Electrical and Electronic, Rubber Manufacturing, Alloy Strengthening Agents, etc.)
5.3 Geography
5.3.1 Production Analysis
5.3.1.1 China
5.3.1.2 Russia
5.3.1.3 Australia
5.3.1.4 Tajikistan
5.3.1.5 Bolivia
5.3.1.6 Burma
5.3.1.7 Other Countries
5.3.2 Consumption Analysis
5.3.2.1 Asia-Pacific
5.3.2.1.1 China
5.3.2.1.2 India
5.3.2.1.3 Japan
5.3.2.1.4 South Korea
5.3.2.1.5 Rest of Asia-Pacific
5.3.2.2 North America
5.3.2.2.1 United States
5.3.2.2.2 Canada
5.3.2.2.3 Mexico
5.3.2.3 Europe
5.3.2.3.1 Germany
5.3.2.3.2 United Kingdom
5.3.2.3.3 Italy
5.3.2.3.4 France
5.3.2.3.5 Rest of Europe
5.3.2.4 South America
5.3.2.4.1 Brazil
5.3.2.4.2 Argentina
5.3.2.4.3 Rest of South America
5.3.2.5 Middle-East and Africa
5.3.2.5.1 Saudi Arabia
5.3.2.5.2 South Africa
5.3.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Campine NV
6.4.2 Hsikwangshan Twinkling Star Co. Ltd
6.4.3 Jiefu Corporation
6.4.4 Koreazinc
6.4.5 Lambert Metals International Limited
6.4.6 Mandalay Resources
6.4.7 Nihon Seiko Co. Ltd.
6.4.8 Tri-Star Resources PLC
6.4.9 United States Antimony Corporation
6.4.10 Yiyang City Huachang Antimony Industry Co. Ltd
6.4.11 Yunnan Muli Antimony Industry Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Recycling of Antimony
7.2 Other Opportunities
Antimony Industry Segmentation
Antimony is a shiny grey chemical element that can exist in both metallic and non-metallic forms. The metallic form is brittle, hard, and dazzling silvery-bluish in color, while the non-metallic version of antimony is in grey powder form. Antimony's poor heat and electricity conduction properties make it a preferred choice for semiconductor devices, low-friction metals, batteries, ceramic enamels, flame-proofing materials, and paints.
The antimony market is segmented by type, application, and geography. By type, the market is segmented into metal ingots, antimony trioxide, antimony pentoxide, alloys, and other types (powder form, ores and concentrates, and scraps). By application, the market is segmented into flame retardants, batteries, ceramic and glass, catalysts, and other applications (electrical and electronic, rubber manufacturing, alloy strengthening agents, etc.). The report also covers the market sizes and forecasts in 15 countries across the major region.
For each segment, the market sizing and forecasts have been done based on m.
| Type | |
| Metal Ingot | |
| Antimony Trioxide | |
| Antimony Pentoxide | |
| Alloys | |
| Other Types (Powder Form, Ores and Concentrates, and Scraps) |
| Application | |
| Flame Retardants | |
| Batteries | |
| Ceramics and Glass | |
| Catalyst | |
| Other Applications (Electrical and Electronic, Rubber Manufacturing, Alloy Strengthening Agents, etc.) |
| Geography | |||||||||||||||||||||||||||||||
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Antimony Market Research FAQs
How big is the Antimony Market?
The Antimony Market size is expected to reach 152.73 metric kilotons in 2024 and grow at a CAGR of 4.33% to reach 189.06 metric kilotons by 2029.
What is the current Antimony Market size?
In 2024, the Antimony Market size is expected to reach 152.73 metric kilotons.
Who are the key players in Antimony Market?
Hsikwangshan Twinkling Star Co. Ltd, Yiyang City Huachang Antimony Industry Co. Ltd, Yunnan Muli Antimony Industry Co. Ltd, Campine nv and Lambert Metals International Limited are the major companies operating in the Antimony Market.
Which is the fastest growing region in Antimony Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Antimony Market?
In 2024, the Asia Pacific accounts for the largest market share in Antimony Market.
What years does this Antimony Market cover, and what was the market size in 2023?
In 2023, the Antimony Market size was estimated at 146.12 metric kilotons. The report covers the Antimony Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Antimony Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Antimony Industry Report
Statistics for the 2024 Antimony market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Antimony analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
