Antimony Market Overview

Antimony is a chemical element with the symbol Sb and atomic number 51. It is a brittle, silvery-white metalloid that is commonly used as a flame retardant, alloying agent, and catalyst in various industries. The antimony market size is projected to grow from USD 1.77 billion in 2018 to USD 2.37 billion by 2023, at a CAGR of 6.0% between 2018 and 2023.

Browse 62 market data Tables and 36 Figures spread through 111 Pages and in-depth TOC on "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

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Here's an overview of the antimony market:

  1. Production: China has historically been the largest producer of antimony, accounting for a significant portion of the global supply. Other major producers include Russia, Tajikistan, and Bolivia. Antimony is primarily obtained from stibnite ore (antimony trisulfide), which is processed through various techniques, including flotation and smelting.
  2. Consumption: The largest consumer of antimony is the flame retardant industry, which uses antimony trioxide as a synergist in plastics, textiles, and electronics to enhance their fire resistance properties. Antimony is also used in lead-acid batteries, alloys (such as lead-antimony), and as a catalyst in the production of polyester.
  3. Market Trends: The antimony market is influenced by factors such as industrial growth, regulatory standards, and substitution possibilities. Increasing awareness about fire safety regulations and the demand for flame retardant materials have driven the consumption of antimony. However, the market could be affected by the development of alternative flame retardants and recycling efforts to reduce dependence on primary antimony production.
  4. Price and Market Volatility: Antimony prices have shown volatility in recent years due to factors like changes in production capacity, export restrictions, and fluctuations in demand. China's control over antimony production and export policies have had a significant impact on global prices. Political and economic developments in major antimony-producing countries can also influence market dynamics.
  5. Environmental Concerns: Antimony mining and processing can have environmental implications due to the release of antimony-containing dust and wastewater. Proper waste management and environmental regulations are important to mitigate these impacts and ensure sustainable production practices.

Antimony Market Key Players

Major players operating in the antimony market include 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), Hunan ZhongNan Antimony & Tungsten Trading Co., Ltd. (China), Huachang Antimony Industry (China), Consolidated Murchison Mine (South Africa), and Hsikwangshan Twinkling Star Co. Ltd. (China). These companies have strong presence in the antimony market and are continuously undertaking efforts to improve their business strategies and product portfolios.

AMG Advanced Metallurgical Group is the largest player in the global antimony market. The company produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals sectors. The company has a strong presence in North American and is mainly focused towards emerging applications such as microelectronics.

The antimony trioxide (ATO) segment is projected to witness highest CAGR during the forecast period.

ATO dominated the overall antimony market in 2017. ATO is widely used in flame retardant in many industries. In addition, ATO is also used as catalyst and stabilizer in plastic production. Other minor uses of ATO include glass & ceramics, pigments, solders, bearing metals, and semiconductors, among others.

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The flame retardant application is projected to lead the overall antimony market during the forecast period.

The flame retardant application dominated the overall antimony market, in terms of value and volume, in 2017. Antimony is used as a flame synergist with halogens. Antimony, in the form of ATO, is used in flame retardant in plastics, furniture, mattresses, fabrics, and others.

APAC is estimated to be the largest market for antimony in 2018.

APAC accounted for the largest share of the global antimony market in 2017. Rapid industrialization and increasing FDI in different end-use industries, mainly in the industrial manufacturing, polymer, and automotive industries, are driving the demand for antimony in flame retardant and plastic additive applications. Emerging economies such as China and South Korea are some of the major antimony markets in the APAC region.

China has historically been the largest producer and consumer of antimony, driving significant growth in the market. The country's robust industrial sector and high demand for flame retardants and alloys have contributed to its dominant position. However, increasing environmental concerns and stricter regulations may impact future growth.