Global Antimony Market Estimated to Grow Speedily: Surging Demand for Electric Vehicles Drives Adoption during 2017 - 2022


Published on : Nov 27, 2017

Albany, New York, November 27, 2017: The global market for antimony is projected to exhibit an impressive CAGR throughout the forecast period (2017-2022). Also, global sales of antimony are estimated to surpass US$ 2,000 Mn by 2022-end. According to a new study, which has been added to the massive database of Market Research Hub (MRH), the adoption of metal for manufacturing fireproof automotive ancillaries has been increasing in China since the recent past. This has influenced demand for antimony mainly because of its heat stabilizing property.

The research report is titled as “Antimony Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” and offers exact market forecast and analysis on the global market, giving users comprehensive insights and analysis on the key factors that are likely to fuel the growth of the market during the assessment period. In order to provide a clear understanding of the market, the report offers market forecast and analysis on the geographical segmentation. Regions outlined in the study include Europe, Japan, Latin America, APEJ, North America and MEA. Among these, APEJ region will account for the largest revenue shares of the market throughout the forecast period. On the other hand, North America will continue to be the second most lucrative market for antimony, with sales forecast to reach approximately US$ 500 Mn in revenues by 2022-end.

Introduction

Antimony is a chemical element that generally exists in both metallic and non-metallic forms. The report explains that static to alkalis and acids, antimony is considered to be a stable element when placed in dry air. Also, Antimony has been witnessed to be a bad conductor of heat and electricity, and it swells on cooling.

Demand for Electric Vehicles Led to Adoption of Antimony

Among various end-users mentioned in the study, Lead acid batteries will remain the fastest expanding end-use of antimony and will account for over one-third revenue share of the market in 2017. Lead acid batteries form an integral part of electric vehicles, and antimony is widely used in these batteries, therefore the market has a huge scope if the growth occurs in the electric vehicles.

Other end-users for antimony are Heat Stabilizers, Plastic, Flame Retardant Products, and Pigments. Analysts found that demand for antimony is also being driven by its use in flame retardant products and PET production.

In the concluding section, detailed analysis of key market participants has been offered. Key participants in this market include United States Antimony Corp., Mandalay Resources Corp., Atomized Products Group Inc., Nihon Seiko Co., Ltd., Hsikwangshan Twinkling Star Antimony Industry Co. Ltd., Belmont Metals Inc., Tri-Star Resources plc, American Elements, AMG Advanced Metallurgical Group NV, and Shenyang Huachang Antimony Chemical Co. Ltd. An in-depth SWOT analysis of these players has also been provided by the report, where strengths, weaknesses, opportunities, and threats are examined for their expansion in the market.

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