Market Research Report
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
|Published by||MarketsandMarkets||Product code||660494|
|Published||Content info||112 Pages
Delivery time: 1-2 business days
|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|
|Published: July 2, 2018||Content info: 112 Pages||
The antimony market size is estimated to be USD 1.77 billion in 2018 and is projected to reach USD 2.37 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. The increasing demand for antimony in the chemical industry is one of the most significant factors driving the antimony market. Antimony is a rare silvery-white, shiny, brittle, semiconducting element which is used in flame retardant, plastic additives, refining agent, pacifier, and alloying agent. Environmental & health concerns and the high price of antimony are restraining the growth of the antimony market.
Around 70% of the antimony produced is consumed in the form of antimony trioxide (ATO), globally. ATO is used in flame retardant, plastic additives, glass & ceramics, and pigment applications. Owing to its wide-range applications, the ATO segment is projected to lead the antimony market during the forecast period.
The chemical industry is the major consumer of antimony. Antimony is used in the chemical industry as a flame synergist, catalyst, and stabilizer. Antimony trioxide or triacetate form is used as a polycondensation catalyst in the late-stage polymerization of PET production. Antimony is also used as a stabilizer in plastic production that is susceptible to degradation by heat and ultraviolet light (UV).
The antimony market in the APAC region is projected to witness the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for antimony in China, Japan, South Korea, and others countries. The APAC region is bestowed with large reserves of antimony and accounts for 70% of the global antimony production. APAC leads the antimony market both in terms of production and consumption.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted. The breakdown of primary interviews by company type, designation, and region is given below:
This report provides a comprehensive analysis of key companies listed below:
This report covers the antimony market and forecasts the size of the market till 2023. The report segments the antimony market based on type, application, end-use industry, and region. The Porter's Five Forces analysis and key market dynamics such as drivers, restraints, challenges, and opportunities influencing the growth of the antimony market have been discussed in the report. The report also provides company profiles of major players operating in the antimony market.
The report is expected to help market leaders/new entrants in the antimony market in the following ways:
*Details on Business overview, Products offered, Recent Developments, SWOT analysis might not be captured in case of unlisted companies.