Published: Oct, 2018
The global antimony market is highly competitive in nature due to presence of large number of large, small and medium sized firms. Over the years there have been eye catching advancement done by some of the global players in the market. Major firms highly focus on research and development initiatives. Although, medium and small sized players in the market do enjoy considerable amount of customer base and are expected to stretch their footprints. It wouldn’t be wrong to assume that the major players in the market would rely on various types of business strategies in order to compete against the small and medium sized players.
Acquisitions and mergers are likely to play a crucial role in helping key players to acquire more market share. In order to enter into regional market, these players are expected to acquire regional players. It is prophesized that strategic alliances might give opportunities to large players to grow collectively. The competition in the market is likely to become as players in all the levels are investing behind research and development in order to get comprehensive growth. Some of the major players in the market are Belmont Metals Inc., Seiko Co., and United States Antimony Corp.
The antimony market on the basis of end users is segregated into lead-acid batteries, flame restraints, pigment and heat stabilizers and plastics. Amongst these lead-acid batteries and flame retardants are predicted to hold the major share. Geographically, Asia Pacific excluding Japan is anticipated to dominate the market owing to rapid industrialization along with initiatives undertaken by government.
According to Transparency Market Research the antimony market is anticipated to rise at robust CAGR of 6.0% during the forecast period 2017- 2022. The market is predicted to touch US$2000 mn by 2022.
Unique Properties of Alimony Pushes the Market to Grow
Antimony is witnessing an aggressive demand throughout the world owing to its unique nature. Antimony has non-metallic as well as metallic forms, this has made it popular across various industries. The appearance of antimony is bright silver and is made up of brittle material, thus making it ideal for various chemical process. Due to these reasons, the market is likely to reach new heights in years to come. Antimony is also known to show high level of stability if suspended in air. These have further gained the traction of various industries in the market. Antimony have found its application in electric vehicles which is anticipated to augment the market growth as the demand for electric vehicle is growing owing to environmental concern.
Serious Health Hazards Associated To Antimony Might Deter Growth Rate
Antimony is known to be used with lead in order to increase the strength of it particularly in ammunitions. Developing and developed countries are spending hefty to strengthen their defense thus having a direct influence on the global antimony market. Antimony trioxide is used for commercial purpose which includes production of textile, glass, plastic, and rubber. However on the flip side the exposure to antimony might lead to critical health hazards like skin irritation, breathing disorders, and lung cancer. There are numerous environmental hazards which are linked to antimony which lead to implementation of regulations. This is likely to deter the growth of the market.
The review is based on a market research report titled, “Antimony Market (End Use - Flame Retardants, Lead Acid Batteries, Heat Stabilizers and Plastics, and Pigments): Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”
The global antimony market is segmented based on:
Global Antimony Market: Based on End-Use
- Flame Retardants
- Lead Acid Batteries
- Heat Stabilizers and Plastics
Global Antimony Market: Based on Region
- North America
- Asia Pacific Excluding Japan
- Latin America
- The Middle East and Africa
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