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Antimony Market Analysis by Type (Alloys and Trioxides); by Application (Ceramics, Flame Retardants, Plastic Additives, and Others); and by End-User Industry (Automotive, Chemical, Electronics, and Others)– Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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ANTIMONY Market  Overview

Antimony is an element which is semi-metallic, hard and brittle. It is lustrous grey or silver colored and occurs in nature as sulfide mineral stibnite. Antimony is used to make semiconductor devices including infrared detectors and diodes and hence its usage in the electrical industry. It is also alloyed with other metals, such as lead and tin, to improve their strength and hardness. As a result, it is used for toughening solders, bullets cable sheathing and plain bearings and also to improve the rigidity of lead-alloy plates in lead-acid batteries. It is added to halogen containing flame retardants too. 

Global Antimony Market Size, Forecast, and Trend Highlights Over 2022 - 2031


The global antimony market is estimated to garner noteworthy revenue by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Further, the market generated remarkable revenue in the year 2021. Higher utilization of antimony in battery manufacturing is anticipated to be one of the major growth drivers of the market. For instance, the global demand for batteries was estimated to be approximately 180 GWh in 2020 and is further anticipated to reach more than 1,900 GWh by 2030.


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The global antimony market is estimated to witness remarkable growth on the back of the up-surged requirement of antimony in fire safety. Although antimony has no flame retardant properties, when it is utilized with halogenated compounds, it creates flame retardant properties owing to the synergistic effect. Institute for Health Metrics and Evaluation released a set of data showing that more than 120,000 deaths were caused due to heat-related incidents in 2017 across the globe. Hence, such demand and requirement for antimony are projected to propel the growth of the market over the forecast period.

Global Antimony Market: Growth Drivers and Challenges

Growth Drivers

  • Significant Utilization of Antimony in Glass & Ceramic to Boost the Market Growth

The value of glass-ceramic was estimated to be around USD 1 billion in 2021 which is further expected to reach approximately USD 1.5 billion by the year 2026.

  • Rising Demand for antimony in Cable Sheathing

Cable sheathing is generally associated with fiber cable technology which is highly utilized to circulate internet services. World Bank released a set of data showing that in 2020, 60% of the global population was using the internet.


  • Rising Utilization in Flame Retardants Materials  

As of 2020, the flame retardants industry was valued at approximately USD 7 billion which is further forecasted to reach around USD 15 billion in 2030.

  • Higher Requirements in Paint and Coating

The worth of the paint & coating industry is projected to reach more than USD 195 billion by the year 2018.

  • Escalating Antimony Utilization in Battery production

The Li-ion battery recycling industry is anticipated to reach around USD 10 billion by the year 2027.


  • Tension Among Nations Regarding Convenient Antimony Supply
  • Lack of Requisite Technology to Harness the Material
  • Limited Sources to Acquire Antimony

The global antimony market is segmented and analyzed for demand and supply by type into alloys and trioxides, out of which, the trioxides segment is anticipated to hold a notable share in the global antimony market during the forecast period on account of its higher utilization in pigments, ceramics, as a flame-proofing agent, staining of copper and iron. Antimony trioxides are also utilized in the decolorizing of glass. For instance, the revenue of the dyes and pigments industry is projected to reach about USD 1100 million by the year 2015

Major Macro-Economic Indicators Impacting the Market Growth

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in the future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, which accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. The easy availability of low-cost raw materials & labor, as well as government subsidies and relaxed environmental norms, have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for investment in businesses in Asia Pacific countries in the upcoming years.

Global Antimony Market Regional Synopsis

Regionally, the global antimony market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2031. The growth of the market is ascribed to the developing electronic and automotive industries in the region. For instance, the electronic industry in the Asia Pacific region amounted to about USD 250 billion in 2020. Additionally, higher demand for antimony in the automotive industry is further anticipated to propel the growth of the market over the forecast period. For Instance, revenue generated by motor vehicles and other parts dealers in the U.S. was estimated to be around USD 1 million in 2021. Furthermore, the total sale of light vehicles in the U.S. was estimated to be around 13 million units in 2021. Based on these factors, the market is estimated to grow rapidly in the region during the forecast period.

Furthermore, the global antimony market is also anticipated to obtain the second-largest share in the North America region. The growth of the market in the region is accounted to the constantly growing electronic industry and the growing awareness of fire safety. Data provided by the National Fire Protection Association (NFPA) demonstrated that in 2020, there had been about 1,388,500 fire incidents in the United States.


The global antimony market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global antimony market includes the following segments:


Top Featured Companies Dominating the Global Antimony Market

  • AMG Advanced Metallurgical Group N.V.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • GeoProMining Limited
  • Nihon Seiko Co., Ltd.
  • Mandalay Resources Ltd.
  • Belmont Metals Inc.
  • United States Antimony Corporation
  • Hunan Gold Corporation Limited
  • DuPont de Nemours, Inc. 
  • Formosa Plastics Corporation, U.S.A.
  • Umicore N.V.



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