Antimony Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 1.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Antimony Market Analysis
The Antimony Market size is estimated at 96.72 kilotons in 2024, and is expected to reach 104.17 kilotons by 2029, growing at a CAGR of 1.5% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in mining activities and supply chains, production halts, and labor unavailability negatively impacted the antimony market. However, the increasing demand from various applications, such as batteries and ceramics, will likely drive the market during the forecast period.
Over the medium term, increasing demand from PET manufacturers and growing demand from the plastic industry will likely drive the market's growth.
On the flip side, the availability of substitutes for antimony, environmental and health concerns, and supply chain disruptions pose major restraints to the studied market growth.
Recycling of antimony is likely to create opportunities for the market in the coming years.
Asia-Pacific is expected to dominate the market and will likely witness the highest annual growth during the forecast period.
Antimony Market Trends
The Flame Retardants Segment is Expected to Dominate the Market
- Antimony is a brittle, silvery-white semi-metal that conducts heat poorly. It is found in nature mainly as the sulfide mineral stibnite. Antimony compounds used as flame retardants are antimony trioxide, antimony pentoxide, and antimony-metal compounds.
- Antimony trioxide is widely used in flame retardants. It reacts with halogenated compounds and creates the chemical compounds that generate the flame-retardant function.
- Antimony compounds, particularly antimony trioxide, are commonly used as flame retardants in various materials. Although antimony trioxide itself has no flame-retardant function, when used with halogenated compounds, the synergistic effect of the mixture creates flame-retardant properties.
- Also, antimony oxide promotes char formation (essentially carbon) on the substrate, reducing the formation of volatile gas. The barrier formation between the substrate and the vapor phase reduces the available oxygen to the underlying substrate, thereby preventing further combustion.
- The use of flame retardants has increased in recent years due to various factors, such as stringent building codes, increasing awareness about fire safety regulations, and the rise in industrial activities requiring flame-retardant materials.
- According to the European Chemicals Agency Report, antimony trioxide accounts for around 25% of the global flame-retardant market. However, some of the most used antimony compounds have been restricted during the recent decade owing to their persistent, bio-accumulative, and toxic properties.
- However, in recent decades, flame retardants have been subject to regulation by the US Environmental Protection Agency (EPA), multiple state agencies, and regulatory bodies in different countries globally. ECHA also identifies certain brominated flame retardants as candidates for EU-wide restriction. This has increased demand for eco-friendly flame retardants, such as phosphorus-based flame retardants.
- Some of the key players in the flame-retardant industry include Clariant AG, Lanxess, and BASF SE.
- Hence, owing to the factors mentioned above, the flame retardants application segment is anticipated to drive the market for antimony during the forecast period.
Asia-Pacific is Expected to Dominate the Market
- Asia-Pacific is likely to dominate the market for antimony with the increasing demand for applications in flame retardants, batteries, ceramics and glass, and catalysts.
- As a flame retardant, antimony is used in plastics for electronic equipment, textiles for tents and protective clothing, paints and pigments, and synthetic fibers.
- China is among the largest producers of antimony. However, production has been declining in the last few years owing to older mines reaching the end of their life. Also, a national movement has been started in the country to mitigate pollution, which has caused plant closures. The country’s import of antimony has risen, and the supply of antimony also fluctuates.
- Antimony trioxide is also used as a flame retardant and pigment in paints and dyes. According to European Coatings, nearly 10,000 coating manufacturers are located in China. Most of the leading global coating manufacturers have their manufacturing bases in China. Paints and coatings companies have increasingly invested in the country to expand specialized coating production capacity. For instance, in September 2023, Hempel A/S announced the opening of a new manufacturing facility in Zhangjiagang, China. The Zhangjiagang factory will gradually increase capacity to reach 100 million liters annually in 2025.
- In recent years, the demand for flame retardants in India has increased, driven by several factors, such as growth in the construction and electronics industries, increasing fire safety awareness, and stricter regulatory requirements. Additionally, one of the major drivers for the increased adoption of flame retardants in India includes the rising awareness of fire hazards and safety precautions.
- According to data published by Battery International, the growing number of electronic components in automotive, coupled with the ongoing shift toward electric vehicles, are driving the demand for lead-acid batteries.
- Additionally, the Government of Japan aims to attract over USD 24 billion in investment by 2030 to expand its battery manufacturing infrastructure, thus driving the demand for antimony in the country.
- Hence, the above-mentioned factors are expected to impact the antimony market in Asia-Pacific.
Antimony Industry Overview
The antimony market is partially consolidated. The major players include Hsikwangshan Twinkling Star Co. Ltd, Jiefu Corporation, Yiyang City Huachang Antimony Industry Co. Ltd, Guangxi Huayuan Metal Chemical Co. Ltd, and Yunnan Muli Antimony Industry Co. Ltd (not in any particular order).
Antimony Market Leaders
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Hsikwangshan Twinkling Star Co. Ltd
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Yiyang City Huachang Antimony Industry Co. Ltd
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Jiefu Corporation
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Guangxi Huayuan Metal Chemical Co., Ltd
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Yunnan Muli Antimony Industry Co. Ltd
*Disclaimer: Major Players sorted in no particular order
Antimony Market News
- The recent developments in the major players in the market are covered in the complete study.
Antimony Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Rising Demand from PET Manufacturers
- 4.1.2 Growing Demand from the Plastic Industry
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4.2 Restraints
- 4.2.1 Availability of Substitutes
- 4.2.2 Environmental and Health Concerns
- 4.2.3 Supply Chain Disruptions
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Type
- 5.1.1 Metal Ingot
- 5.1.2 Antimony Trioxide
- 5.1.3 Antimony Pentoxide
- 5.1.4 Alloys
- 5.1.5 Other Types
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5.2 Application
- 5.2.1 Flame Retardants
- 5.2.2 Batteries
- 5.2.3 Ceramics and Glass
- 5.2.4 Catalyst
- 5.2.5 Other Applications
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5.3 Geography
- 5.3.1 Production Analysis
- 5.3.1.1 China
- 5.3.1.2 Russia
- 5.3.1.3 Australia
- 5.3.1.4 Tajikistan
- 5.3.1.5 Bolivia
- 5.3.1.6 Myanmar (BURMA)
- 5.3.1.7 Other Countries
- 5.3.2 Consumption Analysis
- 5.3.2.1 Asia-Pacific
- 5.3.2.1.1 China
- 5.3.2.1.2 India
- 5.3.2.1.3 Japan
- 5.3.2.1.4 South Korea
- 5.3.2.1.5 Rest of Asia-Pacific
- 5.3.2.2 North America
- 5.3.2.2.1 United States
- 5.3.2.2.2 Canada
- 5.3.2.2.3 Mexico
- 5.3.2.3 Europe
- 5.3.2.3.1 Germany
- 5.3.2.3.2 United Kingdom
- 5.3.2.3.3 Italy
- 5.3.2.3.4 France
- 5.3.2.3.5 Rest of Europe
- 5.3.2.4 South America
- 5.3.2.4.1 Brazil
- 5.3.2.4.2 Argentina
- 5.3.2.4.3 Rest of South America
- 5.3.2.5 Middle East and Africa
- 5.3.2.5.1 Saudi Arabia
- 5.3.2.5.2 South Africa
- 5.3.2.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Campine NV
- 6.4.2 Guangxi Huayuan Metal Chemical Co. Ltd
- 6.4.3 Hsikwangshan Twinkling Star Co. Ltd
- 6.4.4 Jiefu Corporation
- 6.4.5 Korea Zinc
- 6.4.6 Lambert Metals International Limited
- 6.4.7 Mandalay Resources
- 6.4.8 Nihon Seiko Co. Ltd
- 6.4.9 Suzuhiro Chemical Co. Ltd
- 6.4.10 United States Antimony Corporation
- 6.4.11 Yiyang City Huachang Antimony Industry Co. Ltd
- 6.4.12 Yunnan Muli Antimony Industry Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Recycling of Antimony
Antimony Industry Segmentation
Antimony is a shiny grey chemical element that can exist in metallic and non-metallic forms. The metallic form is brittle, hard, and dazzling silvery-bluish in color, while the non-metallic version of antimony is in grey powder form. Antimony's poor heat and electricity conduction properties make it a preferred choice for semiconductor devices, low-friction metals, batteries, ceramic enamels, flame-proofing materials, and paints.
The antimony market is segmented by type, application, and geography. By type, the market is segmented into metal ingots, antimony trioxide, antimony pentoxide, alloys, and other types. By application, the market is segmented into flame retardants, batteries, ceramics and glass, catalysts, and other applications. The report also covers the market sizes and forecasts for the antimony market in 15 countries across the major regions. For each segment, the market sizing and forecasts are done based on volume (tons).
| Type | Metal Ingot | ||
| Antimony Trioxide | |||
| Antimony Pentoxide | |||
| Alloys | |||
| Other Types | |||
| Application | Flame Retardants | ||
| Batteries | |||
| Ceramics and Glass | |||
| Catalyst | |||
| Other Applications | |||
| Geography | Production Analysis | China | |
| Russia | |||
| Australia | |||
| Tajikistan | |||
| Bolivia | |||
| Myanmar (BURMA) | |||
| Other Countries | |||
| Geography | Consumption Analysis | Asia-Pacific | China |
| India | |||
| Japan | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Geography | Consumption Analysis | North America | United States |
| Canada | |||
| Mexico | |||
| Geography | Consumption Analysis | Europe | Germany |
| United Kingdom | |||
| Italy | |||
| France | |||
| Rest of Europe | |||
| Geography | Consumption Analysis | South America | Brazil |
| Argentina | |||
| Rest of South America | |||
| Geography | Consumption Analysis | Middle East and Africa | Saudi Arabia |
| South Africa | |||
| Rest of Middle East and Africa |
Antimony Market Research FAQs
How big is the Antimony Market?
The Antimony Market size is expected to reach 96.72 kilotons in 2024 and grow at a CAGR of 1.5% to reach 104.17 kilotons by 2029.
What is the current Antimony Market size?
In 2024, the Antimony Market size is expected to reach 96.72 kilotons.
Who are the key players in Antimony Market?
Hsikwangshan Twinkling Star Co. Ltd, Yiyang City Huachang Antimony Industry Co. Ltd, Jiefu Corporation, Guangxi Huayuan Metal Chemical Co., Ltd and Yunnan Muli Antimony Industry Co. Ltd are the major companies operating in the Antimony Market.
Which is the fastest growing region in Antimony Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Antimony Market?
In 2024, the Asia Pacific accounts for the largest market share in Antimony Market.
What years does this Antimony Market cover, and what was the market size in 2023?
In 2023, the Antimony Market size was estimated at 95.27 kilotons. The report covers the Antimony Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Antimony Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Antimony Industry Report
Statistics for the 2024 Antimony market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Antimony analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
