Antimony Market Outlook:
Antimony Market held a value of USD 2.5 billion in 2025 and is estimated to reach USD 4.7 billion, expanding at a CAGR of 6.5% during the forecast period of 2026-2035. In 2026, the industry size of antimony is assessed at USD 2.6 billion.
The global antimony market has widespread applications across several end use verticals, such as pigments and paints, chemicals, ceramics, glass, electronics, semiconductors, precision optics, and battery production, among others. Primarily, antimony (Sb) is used as a lead (Pb) hardener in batteries, to increase bullet hardness (Sb is alloyed with Pb; usually <2 wt.% Sb), and in solders and other alloys. Antimony trioxide, a pivotal antimony compound, is popularly used in flame-retardant formulations, along with manufacturing children's toys, clothing, and automobile and aircraft seat covers. Furthermore, in terms of antimony availability in the product supply chain, the commercially viable forms include ingots, granules, shots, broken pieces, cast cake, powder, and single crystals. 0.2 to 0.5 parts per million are the estimates of the metalloid’s presence in the Earth's crust. Since antimony is chalcophile, it is typically retrieved with sulfur and heavy metals, such as lead, silver, and copper. Despite antimony’s prevalence in over a hundred forms, Stibnite (Sb2S3) is predominantly retrieved from the ore mineral of antimony.
According to the Montana Bureau of Mines and Geology (MBMG), prices in 2024 averaged at USD 5.60/lb and USD 12,346/t for metallic Sb in 2023. Recent prices are USD 11.38/lb., in light of China’s export restrictions. In August 2024, China imposed antimony shipments (including antimony oxide, antimony metals, antimony ore, gold-antimony smelting, and separation technologies) restrictions globally for national security. China is the top supplier, accounting for 48% of worldwide production and 63% of U.S. antimony imports. Owing to this, antimony price in 2024 was at its peak of approximately USD 33,000 per ton, as published by the U.S. Congress (The Joint Research Center stated costs reached USD 38,000 per ton in December 2024). With the ongoing disruptions in material supply, the U.S. is seeking to decouple from the dependency on China and secure antimony supply chains from non-Chinese sources.
