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Antimony Market Size (2024 - 2029)

The antimony market is projected to experience growth over the forecast period, driven by increasing demand from various sectors such as flame retardants, PET manufacturing, and the plastic industry. Despite challenges posed by the COVID-19 pandemic, which disrupted mining and supply chains, the market is expected to expand. However, the growth is anticipated to be hindered by the availability of substitutes and environmental concerns. The recovery of antimony from recycled products presents a potential opportunity. The Asia-Pacific region is expected to lead the market, benefiting from its demand in applications like flame retardants, batteries, and ceramics.

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Market Size of Antimony Industry

Antimony Market Summary
Study Period 2019 - 2029
Market Volume (2024) 96.72 kilotons
Market Volume (2029) 104.17 kilotons
CAGR (2024 - 2029) 1.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Antimony Market Major Players

*Disclaimer: Major Players sorted in no particular order

Antimony Market Analysis

The Antimony Market size is estimated at 96.72 kilotons in 2024, and is expected to reach 104.17 kilotons by 2029, growing at a CAGR of 1.5% during the forecast period (2024-2029).

Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in mining activities and supply chains, production halts, and labor unavailability negatively impacted the antimony market. However, the increasing demand from various applications, such as batteries and ceramics, will likely drive the market during the forecast period.

Over the medium term, increasing demand from PET manufacturers and growing demand from the plastic industry will likely drive the market's growth.

On the flip side, the availability of substitutes for antimony, environmental and health concerns, and supply chain disruptions pose major restraints to the studied market growth.

Recycling of antimony is likely to create opportunities for the market in the coming years.

Asia-Pacific is expected to dominate the market and will likely witness the highest annual growth during the forecast period.

Antimony Industry Segmentation

Antimony is a shiny grey chemical element that can exist in 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. By application, the market is segmented into flame retardants, batteries, ceramics and glass, catalysts, and other applications. The report also covers the market sizes and forecasts for the antimony market in 15 countries across the major regions. For each segment, the market sizing and forecasts are done based on volume (tons).

Type
Metal Ingot
Antimony Trioxide
Antimony Pentoxide
Alloys
Other Types
Application
Flame Retardants
Batteries
Ceramics and Glass
Catalyst
Other Applications
Geography
Production Analysis
China
Russia
Australia
Tajikistan
Bolivia
Myanmar (BURMA)
Other Countries
Consumption Analysis
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Antimony Market Size Summary

The antimony market is poised for growth, driven by increasing demand from various sectors such as flame retardants, plastics, and electronics. Antimony, a brittle semimetal, is primarily used in the form of compounds like antimony trioxide, which is essential for imparting flame-retardant properties to materials. The market's expansion is supported by the rising need for flame retardants in industries like textiles, paints, and coatings, as well as its application in the automotive sector for enhancing the safety of electronic components. Despite challenges such as environmental concerns and the availability of substitutes, the market is expected to benefit from opportunities in recycling and the recovery of antimony from used products.

The Asia-Pacific region is anticipated to lead the global antimony market, with significant contributions from countries like China and India. The region's dominance is attributed to the robust demand for antimony in various applications, including batteries, ceramics, glass, and catalysts. China's position as a major exporter of textiles and its thriving automotive industry further bolster the demand for antimony-based materials. Additionally, the expansion of production capacities in the paints and coatings sector in India is expected to enhance the market's growth. The market remains partially fragmented, with key players such as Hsikwangshan Twinkling Star Co. Ltd and Yiyang City Huachang Antimony Industry Co. Ltd playing significant roles in shaping its dynamics.

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Antimony Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from PET Manufacturers

      2. 1.1.2 Growing Demand from the Plastic Industry

    2. 1.2 Restraints

      1. 1.2.1 Availability of Substitutes

      2. 1.2.2 Environmental and Health Concerns

      3. 1.2.3 Supply Chain Disruptions

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Type

      1. 2.1.1 Metal Ingot

      2. 2.1.2 Antimony Trioxide

      3. 2.1.3 Antimony Pentoxide

      4. 2.1.4 Alloys

      5. 2.1.5 Other Types

    2. 2.2 Application

      1. 2.2.1 Flame Retardants

      2. 2.2.2 Batteries

      3. 2.2.3 Ceramics and Glass

      4. 2.2.4 Catalyst

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Production Analysis

        1. 2.3.1.1 China

        2. 2.3.1.2 Russia

        3. 2.3.1.3 Australia

        4. 2.3.1.4 Tajikistan

        5. 2.3.1.5 Bolivia

        6. 2.3.1.6 Myanmar (BURMA)

        7. 2.3.1.7 Other Countries

      2. 2.3.2 Consumption Analysis

        1. 2.3.2.1 Asia-Pacific

          1. 2.3.2.1.1 China

          2. 2.3.2.1.2 India

          3. 2.3.2.1.3 Japan

          4. 2.3.2.1.4 South Korea

          5. 2.3.2.1.5 Rest of Asia-Pacific

        2. 2.3.2.2 North America

          1. 2.3.2.2.1 United States

          2. 2.3.2.2.2 Canada

          3. 2.3.2.2.3 Mexico

        3. 2.3.2.3 Europe

          1. 2.3.2.3.1 Germany

          2. 2.3.2.3.2 United Kingdom

          3. 2.3.2.3.3 Italy

          4. 2.3.2.3.4 France

          5. 2.3.2.3.5 Rest of Europe

        4. 2.3.2.4 South America

          1. 2.3.2.4.1 Brazil

          2. 2.3.2.4.2 Argentina

          3. 2.3.2.4.3 Rest of South America

        5. 2.3.2.5 Middle East and Africa

          1. 2.3.2.5.1 Saudi Arabia

          2. 2.3.2.5.2 South Africa

          3. 2.3.2.5.3 Rest of Middle East and Africa

Antimony Market Size FAQs

The Antimony Market size is expected to reach 96.72 kilotons in 2024 and grow at a CAGR of 1.5% to reach 104.17 kilotons by 2029.

In 2024, the Antimony Market size is expected to reach 96.72 kilotons.

Antimony Market Report Snapshots

Antimony Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)