The antimony industry was worth a total of $1.9 billion back in 2021. This value is projected to rise even higher due to the skyrocketing demand in end-use industries like battery making, plastic additives, automotive and flame retardants. Antimony qualifies as a critical mineral, alongside other rare earth elements. One of the key drivers of the Antimony market are the advanced purification methods allowing for grades with better properties. We’ve incorporated these findings since they are essential to the overall market picture.
Defining the International Antimony Market
Among the chemical elements, antimony is one of the few that you may find in both non-metallic and metallic states. Its metallic form is silvery and brittle. Non-metallic antimony appears as a fine grey powder. Antimony is inert to alkalis and acids and is chemically stable under dry air. Antimony is known to expand when cooled and is thought to be a poor conductor of heat and electricity. According to some sources, humans have used antimony in various ways dating back to at least 4000 BC. In the wild, antimony can be found without much difficulty. You can also mine the mineral from stibnite and valentinite ores. Due to its extreme reactivity with substances like sulfur, silver, lead, and copper, it is assumed that only a trace amount of elemental antimony is present. Commonly used to obtain antimony is the mineral stibnite.
Extracting antimony from its ores involves crushing the ores and then sorting out the metal by hand. China is the world leader in antimony production thanks to its enormous reserves, low labor costs, and significant workforce.
Antimony can be reused in lead-acid battery recycling. You can also find antimony in recycled products. Furthermore, it is becoming increasingly well-known as a simple antimony resource. Since pure antimony is somewhat brittle, it is usually combined with other alloys or metals to create more robust materials.Antimony trioxide is the most widely used antimony compound in industry, and it has many different uses, such as in the creation of plastics, rubber, textiles, pigments, glass, and more.
During the forecast timeframe, the antimony sector is anticipated to grow at a CAGR of over 5%. The global lockdown in response to the COVID-19 outbreak has hurt the antimony market by disrupting mining operations and supply networks, stopping production, and reducing the availability of workers. However, rising demand from a wide range of end users is expected to propel the market forward throughout the predicted horizon.
Growth in the need for fire retardant products and the production of PET plastic bottles are two of the most critical forces propelling the market. Antimony substitutes in critical applications are forecast to pose a severe threat to the development of the market under investigation.
Antimony extraction from recycled products could present a favorable opportunity in the long run. The AsiaPacific region is anticipated to hold most of the global market share during the predicted period.
Target Audience and Market Size in the Worldwide Antimony Industry
Markets for antimony are broken down into submarkets that focus on certain products, industries, and consumers. Advancements in technology, infrastructure and increased industrialisation are the main drivers of these emerging submarkets that require Antimony in their manufacturing processes. Entrepreneurs looking to dive into this thriving market can benefit from research on the fast and slow growing sectors .
This provides a better view of the market trends, target audience and market opportunities.The global antimony market is broken down into subsets based on end use, such as flame retardants, plastic additives, lead-acid batteries, ceramics and glass, and others. The antimony market is divided into automotive, chemical, electrical, and electronics on an end-user basis.
What are some of the most important factors propelling the expansion of the antimony market?
Fire safety is an essential sector across all industries. For this reason, the high demand for fire retardants is one of the main factors behind the growth of the Antimony market. Antimony is recyclable, which offers Antimony alloy businesses endless possibilities in terms of production of quality and efficient products. It also contributes to the market growth which is projected to continue in the foreseeable future. Both the automotive and marine sectors make use of lead-acid batteries. The increasing demand for automotive parts is another significant aspect anticipated to lead to significant growth of Antimony . Research and development in treatment processes is essential in increasing Antimony demand.