“The antimony market is projected to register a CAGR of 6.0% from 2018 to 2023, in terms of value.”
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.
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“The trioxide segment is projected to lead the overall antimony market during the forecast period.”
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 antimony market in the chemical end-use industry is projected to register the highest CAGR 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 between 2018 and 2023.”
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:
• By Company Type- Tier 1 – 10%, Tier 2 – 25%, and Tier 3 – 65%
• By Designation- C level – 10%, Director level – 30%, and Others – 60%
• By Region- Asia Pacific – 45%, North America – 20%, Europe – 15%, South America – 11%, and Middle East & Africa – 9%
This report provides a comprehensive analysis of key companies listed below:
• 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)
• Hsikwangshan Twinkling Star Co. Ltd. (China)
• Belmont Metals (US)
• Tri-Star Resources Plc (UK)
Related Report:
Global Antimony Market Analysis 2012-2017 and Forecast 2018-2023
Antimony is a metal which occurs naturally in the earth’s crust. The product is mostly sold commercially as metal ingots. They are widely used in the field of fire retardant, lead batteries & bead alloys, chemicals, ceramics & glass industry.
The global Antimony market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Antimony by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Read More: https://watchersofmarkets.com/products/global-antimony-market-analysis-2012-2017-and-forecast-2018-2023
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