Posted on Mar 8 2023 5:37 AM

"Companies covered are Campine, BASF, Korea Zinc Co ltd, United States Antimony Corporation, Huachang Antimony Industry, Advanced Metallurgical Group, Tri-Star Resources Plc, and many more in Antimony Market research report   "

The global antimony market size is expected to gain momentum backed by the increasing demand for manufacturing of advanced flame retardant products during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Antimony Market, 2023-2030.” In fibreglass composites, it is used as an additive. These chemicals are immediately added to the resin and distributed with standard mixing equipment. It is adopted extensively due to its superior high strength and chemical resistance. For instance, in May 2021, Far East Antimony Ltd (FEA) announced the purchase of a 100% share in the Solonechenskoye property in Far Eastern Russia's Zabaykalsky Krai region. The move is expected to enable the property to be one of the largest single production units worldwide.

COVID-19 Impact-

COVID-19 is an unprecedented global public health crisis that has impacted practically every business, with long-term consequences that are expected to stifle industrial growth during the forecast period. Our continuous research is enhancing our approach to ensure that underpinning COVID-19 concerns and potential paths ahead are addressed.

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Segments-

By type, the market is segmented into metal ingot, trioxide, pentoxide, alloys, and others. On the basis of application, the market is segregated into lead acid batteries, flame retardant, alloy strengthening agent, fiberglass composites, catalyst, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

What does the Report Offer?

The report provides a comprehensive overview of the market, including market analysis, product definition, market segmentation, significant developments, and the current vendor landscape. The report includes a research assessment of current changes in many areas, divided by their size. The analysis of this study focuses on the static and dynamic pillars of the industries. It also identifies the driving forces and prospects for corporate growth.

 

Drivers & Restraints-

Increasing Demand for Electric Vehicles to Stimulate Growth

The increasing demand for electric vehicles is expected to boost the global antimony market growth during the forecast period. The overall demand is being driven by the rising demand for electric vehicles and flame retardants in a variety of end-user sectors such as plastics. Furthermore, macroeconomic factors such as GDP growth and the difference in purchasing power are the primary drivers of the market. For instance, in June 2021, the Singapore Exchange (SGX) is planning to introduce battery metal contracts next year, allowing companies to hedge pricing risks and volatility. As trading in raw materials for electric vehicles (EVs) gains steam amid a global transition to greener transportation.

REGIONAL INSIGHTS

Asia Pacific to Remain Dominant; Availability of Labour Pool to Propel Growth

Asia Pacific is expected to hold the largest global antimony market share during the forecast period. This is due to availability of a large labor pool at lower cost and presence of major reserves in China.

North America is anticipated to hold a substantial position in the market. This is due to high demand and the presence of stringent regulations regarding the adoption of flame retardant products in the region.

Competitive Landscape-

Manufacturers to Focus on R&D Investments to Offer Advanced Products

In terms of markets, applications, and geographies, business strategy vision examines the competitive landscape. The Competitive Strategic Window assists the vendor in defining a fit or synchronization among their competencies and future growth opportunities. During a forecast period, it selects the optimal or most favourable match for vendors to execute subsequent merger and acquisition plans, geographic coverage, research & innovation, and introduction of new products in order to expand and grow their businesses.

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Industry Development-

• May 2018: The leach facility for the Los Juarez deposit in Queretaro, Mexico, is being constructed by USAC. It is one of USAC's most significant and expensive projects. 

List of Key Players Profiled in the Global Market for Antimony:

• Campine
• BASF
• Korea Zinc Co ltd
• United States Antimony Corporation
• Huachang Antimony Industry

 

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