Published: May, 2018
The global market for antimony is characterized by a high level competition owing to the presence of a large number medium-, small-, and large-sized firms. There have been noticeable advancements made by the large players through their ardent research and development initiatives. However, the small and medium-sized players still enjoy a decent customer base and are expected to soon expand their horizons of growth. It is safe to project that the large market players would introduce a range of business strategies to ensure that the small and medium-sized players do not affect their growth trajectory. Mergers and acquisitions are expected to be a key strategy of the large scale players who want to capture a greater market share. Furthermore, in order to penetrate into local markets, the large market players are necessarily required to acquire the smaller market players. Strategic alliances could also be a key highlight of the market as the large market players aim at collective growth. The level of competition in the market is expected to escalate as each market player is currently innovating its business strategies to achieve comprehensive growth. Some of the key market players in the global antimony market are United States Antimony Corp, Belmont Metals Inc., and Seiko Co., Ltd.
An estimation by the researchers at Transparency Market Research (TMR) reveals that the global market for antimony would expand at a steady CAGR of 6.0% over the period between 2017 and 2022. Furthermore, the market is expected to escalate to a value of US$ 2,000 Mn by the end of 2022.
Unique Properties of Alimony Behind Increased Demand
Alimony has, both, metallic and non-metallic forms which is the prime reason for its growth across several industries. It is bright silver in appearance and is made up of a brittle material, because of which a number of chemical processes use alimony. Hence, the demand within the global alimony market is expected to reach new heights over the forthcoming years. Antimony also exhibits high level of stability when it is suspended in the air, which further propels its demand across multiple industries. Alimony is used in electric vehicles which has come be an extremely important factor for market growth. The environmental concerns raised by international bodies, government entities, and a range of other organizations have brought electric vehicles to the fore. As the demand for electric vehicles takes a positive leap, the growth of the global antimony market is also expected to stay consistent.
APEJ to Emerge as Leading Regional Segment
The region of Asia Pacific Excluding Japan (APEJ) has been undergoing rapid industrialization owing to the efforts of the governments and other key bodies. Owing to this reason, the demand within the market for alimony across the region has been on a rise. It is expected that the market for alimony in APEJ would outdo all other regional markets in terms of market share, growth rate, and market value. The markets in Europe and North America are also expected to surge ahead at a robust pace over the forthcoming years.
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 alimony market is segmented based on:
Based on End-Use
- Flame Retardants
- Lead Acid Batteries
- Heat Stabilizers and Plastics
Based on Region
- North America
- Asia Pacific Excluding Japan
- Latin America
- The Middle East and Africa
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