Antimony is a chemical element that exists in both metallic and non-metallic forms. It occurs naturally in the earth’s crust and forms minerals such as stibnite, kermesite, and valentite. Traces of antimony are also found in ores such as ilmenite, olivine, galena, sphalerite, and pyrite. Antimony is used as a strengthening agent for lead alloys in the manufacturing of lead acid batteries, which are extensively used in electric vehicles as they are reliable, can deliver high currents, and have a low internal impedance and indefinite shelf life when stored without an electrolyte. Global Antimony Market: Information by Type (Antimony Ingot), Application (Flame Retardants, Catalysts), End-Use Industry (Transportation, Chemicals, Electronics), & Region—Forecast till 2023.
The growth of the global antimony market is primarily driven by the increasing use of the element as a flame retardant in major industries such as building and construction, automotive, electrical and electronics, and aerospace. Stringent regulations for environmental protection and reduction of CO2 emissions are expected to fuel market growth during the forecast period. For instance, the European Union has set an emission reduction target of 95 grams of CO2 per kilometer, the fleet average to be achieved by all new cars.
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Antimony is used to manufacture solder, steel and pipe metals, bearings, and castings. It is also used in making transistors for electrical devices such as computers, gaming devices, pocket calculators, and portable stereos. The increasing demand for PET in food packaging and beverage bottling due to its recyclability is further driving the demand for antimony.
Key Players and Competition Analysis
Some of the manufacturers operating in the global antimony market are Amspec Chemical Corporation (US), Artemis Resources (Australia), BASF SE (Germany), Campine (Belgium), Huachang Antimony Industry (China), Korea Zinc Co., Ltd (South Korea), Recylex (France), United States Antimony Corporation (US), Nihon Seiko Co., Ltd (Japan), Umicore (Belgium).
Segmentation Analysis
The global antimony market has been segmented on the basis of type, application, end-use industry, and region. On the basis of type, the market has been categorized as antimony ingot, antimony trioxide, alloys, and others. Based on application, the global antimony market has been segmented into flame retardants, stabilizers, catalysts.
Regional Analysis
The global antimony market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific dominated the global antimony market in 2017 due to the high demand in end-use industries. The growing chemicals and electronics industries in India, China, and Japan are driving the demand for antimony in the region. The Latin American market is projected to witness considerable growth due to the growing food & beverage and cosmetics industries, especially in Brazil and Argentina. Browse the market data and information spread across 140 pages with 47 data tables and 12 figures of the report “Antimony market Trends Development Worldwide Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/antimony-market-6337
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