Global Antimony Market Size to worth USD 4.20 Billion by 2033: Forecast Analysis Report

Global Antimony Market Size to worth USD 4.20 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Antimony Market Size is Expected to Grow from USD 2.29 Billion in 2023 to USD 4.20 Billion by 2033, at a CAGR of 6.25% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Antimony Market Size, Share, and COVID-19 Impact Analysis, By Type (Trioxides and Alloys), By Application (Flame Retardants, Lead Acid Batteries, and Chemicals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.         

The manufacturing, distribution, and use of antimony, a semi-metallic element renowned for its strong flame retardancy and anti-corrosive qualities, comprise the global antimony market. Antimony is in high demand because of its essential functions in lead-acid batteries and flame retardants, which are made possible by its electrical conductivity and excellent heat resistance. It is essential in industries including electronics, construction, and textiles because of fire safety regulations, and it is being utilized more and more in automotive electric car batteries. Antimony improves battery longevity and performance, which meets the need for environmentally friendly transportation and expands its market. Antimony's market is growing as a result of efforts to increase its effectiveness and reduce its price. Along with its growing application in consumer electronics and healthcare, its vital position in electronics indicates rapid expansion. Investments made in a sustainable supply chain highlight the significance of antimony in upcoming technologies. However, the antimony market faces challenges like supply chain vulnerabilities, high energy consumption, high manufacturing prices, and environmental issues from mining and processing.

The trioxides segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the antimony market is classified into trioxides and alloys. Among these, the trioxides segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Trioxides, particularly antimony trioxide, are widely used in flame retardants, particularly in construction, textiles, and electronics industries. They are crucial additives in these industries due to stringent fire safety regulations. Antimony trioxide enhances material efficacy without compromising its mechanical properties, making it a significant market player.

The flame retardants segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the antimony market is divided into flame retardants, lead acid batteries, and chemicals. Among these, the flame retardants segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The demand for antimony compounds in flame retardant applications is expected to grow robustly due to stringent fire safety regulations in construction, electronics, and textile industries, ensuring material integrity without compromising fire protection.

North America is estimated to hold the largest share of the antimony market over the forecast period.

North America is estimated to hold the largest share of the antimony market over the forecast period. The electronics industry, which uses antimony in semiconductors and electronic components, is a consistent source of demand for the region's antimony market. The market expansion is also aided by the strict regulations surrounding flame retardants, especially in the consumer goods and construction sectors.

Asia Pacific is predicted to have the fastest CAGR growth in the antimony market over the forecast period. Asia Pacific leads the global antimony market, with China being the primary contributor due to its significant production capacity and consumption across various industries. Demand is driven by electronics manufacturing, automotive sector growth, and construction activities, while government initiatives and semiconductor production advancements further solidify its position.

Competitive Analysis

Major key players in the antimony market include AMG, Mandalay Resources, GeoProMining, Ltd., Korea Zinc, Nihon Seiko Co. Ltd., Umicore, Hunan Chenzhou Mining Group Co. Ltd., Belmont Metals, American Elements, Tri-Star Resources PLC, Amspec Chemical Corporation, Lanxess, and Cambrian Mining Ltd., and Others.   

Recent Development

• In January 2024, the acquisition of Hesperis Resources, a Moroccan business, allowed Critical Mineral Resources (CMR) to acquire 26 exploration permits in central Morocco, greatly expanding its mining portfolio. Around 400 km² are covered by these exploration permits, which span areas including Rabat, Beni-Mellal, Agadir, and Errachidia.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the antimony market based on the below-mentioned segments:

Global Antimony Market, By Type

• Trioxides
• Alloys

Global Antimony Market, By Application

• Flame Retardants
• Lead Acid Batteries
• Chemicals

Global Antimony Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa