Global Antimony Market Analysis & Forecast to 2023 by Product Type, Application, End-Use Industry and Region - Environmental & Health Concerns Restricting Growth
DUBLIN, July 11, 2018 /PRNewswire/ --
The "Antimony Market by Product Type (Trioxides, Alloys), Application (Flame Retardants, Plastic Additives. Lead-Acid Batteries, Glass & Ceramics), End-Use Industry (Chemical, Automotive, Electrical & Electronics), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The antimony market size is projected to reach USD 2.37 billion by 2023, at a CAGR of 6% between 2018 and 2023.
The growth of the antimony market can be attributed to the increasing use of antimony in the chemical industry. In the chemical industry, antimony is prominently used in flame synergist, catalyst, and stabilizer. The automotive industry is the second-largest end-use industry of antimony. Antimony is used in lead acid batteries in the automotive sector.
The antimony market has been segmented on the basis of type, application, end-use industry, and region. Based on type, the antimony market has been classified into antimony trioxide (ATO), alloys, and others. The others segment includes antimony sulfides, sodium antimonite acetate, and ignots. Antimony trioxide is estimated to dominate the overall antimony market between 2018 and 2023. Antimony trioxide is the most common and important form of the antimony compounds and is primarily used in flame retardant applications. It is also used as catalyst and stabilizer in PET and polyvinylchloride (PVC) production, respectively.
Based on application, the antimony market has been classified into flame retardants, lead acid batteries, plastic additives, refining agent, and others. Flame retardant and plastic additives applications together account for 81%, in terms of volume, share of the overall market in 2017. However, the use of antimony in automotive lead acid batteries is declining owing to the shift towards maintenance-free batteries in developed economies. The other applications include pigment, bearing metal, solders, ammunition, cable covering, medicines, and semiconductors.
Based on end-use industry, the antimony market has been segmented into chemical, automotive, electrical & electronics, and others. The chemical industry dominates the overall antimony market. In the chemical industry, antimony is prominently used as flame synergist, catalyst, and stabilizer. It is used as a flame retardant in halogenated and non-halogenated polymers and also in paints and coatings. Antimony is also used as a catalyst in the production of polyester resins for fibers and film and in the esterification of high-molecular-weight PET resins and fibers.
APAC is the largest market for antimony. The market in the region is driven by the high demand in flame retardant, plastic additives, and automotive lead acid batteries applications. In APAC, China, Australia, Tajikistan, and Myanmar are the major producers of antimony. The largest reserves of antimony are found in China. Around 70% of antimony is produced by China. The Chinese government is continuously tightening environmental regulations and beefing up its monitoring capabilities regarding antimony production, import, and export.
AMG Advanced Metallurgical Group (Netherland), Mandalay Resources (Canada), United States Antimony Corporation (USAC) (US), Korea Zinc (South Korea), Recyclex (France), Nihon Seiko (Japan), Umicore (France), and Hunan ZhongNan Antimony & Tungsten Trading Co., Ltd. (China) are the key players operating in the antimony market. These players offer a wide range of antimony to strengthen their competitive position and cater to the growing demand for antimony from various end-use industries.
United States Antimony Corporation (US) is one of the major players in the antimony market. The company is focused on expanding its market share by expanding its production capacity to gain a competitive edge over other players in the antimony market.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Antimony Market
4.2 Antimony Market, By Application
4.3 Antimony, By End-Use Industry and Region
4.4 Antimony Market, By Product Type
4.5 Antimony Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Fire Safety Regulations
5.2.1.2 Growing Use in Plastic Additive Application
5.2.2 Restraints
5.2.2.1 Environmental and Health Concerns Restricting the Growth of Antimony Market
5.2.2.2 High Prices of Antimony
5.2.2.3 Declining Use of Antimonial Lead
5.2.2.4 Reduced Production in China
5.2.3 Opportunities
5.2.3.1 Exploration of Newly Discovered Antimony Reserves
5.2.3.2 Recycling of Antimony
5.2.4 Challenges
5.2.4.1 Overcoming Geopolitical Tensions
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
6 Antimony Market, By Product Type
6.1 Introduction
6.2 Trioxides
6.3 Alloys
6.4 Others
7 Antimony Market, By Application
7.1 Introduction
7.2 Flame Retardants
7.3 Lead-Acid Batteries
7.4 Plastic Additives
7.4.1 Stabilizers
7.4.2 Catalysts
7.5 Glass & Ceramics
7.6 Others
8 Antimony Market, By End-Use Industry
8.1 Introduction
8.2 Chemical
8.3 Automotive
8.4 Electrical & Electronics
8.5 Others
9 Antimony Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Belgium
9.3.2 France
9.3.3 Russia
9.3.4 Turkey
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 Rest of APAC
9.5 South America
9.5.1 Brazil
9.5.2 Peru
9.5.3 Argentina
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 South Africa
9.6.2 UAE
9.6.3 Saudi Arabia
9.6.4 Rest of Mea
10 Company Profiles
10.1 AMG Advanced Metallurgical Group
10.2 Mandalay Resources Ltd
10.3 United States Antimony Corporation
10.4 Korea Zinc
10.5 Recyclex
10.6 Nihon Seiko Co., Ltd.
10.7 Umicore
10.8 Hunan Chenzhou Mining Group Co., Ltd
10.9 Huachang Antimony Industry
10.10 Geopromining, Ltd.
10.11 Consolidated Murchison Mine
10.12 Belmont Metals
10.13 American Elements
10.14 Tri-Star Resources PLC
10.15 Amspec Chemical Corporation
10.16 Lanxess
10.17 Hsikwangshan Twinkling Star Co. Ltd.
10.18 Hubei Yongcheng Antimony Industry Co. Ltd.
10.19 Cambrian Mining PLC
10.20 Yunnan Muli Antimony Industry Co., Ltd
10.21 Suzuhiro Chemical Co., Ltd.
10.22 Nyacol Nano Technologies, Inc.
10.23 Lambert Metals International Limited
10.24 Campine
10.25 Atomized Products Group, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/zpszjb/global_antimony?w=5
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article