Antimony is a chemical element that exists in both metallic and non-metallic forms. The metallic form of antimony is silvery-white in color and brittle whereas the non-metallic form is a grey powder. It occurs naturally in the earth’s crust and forms minerals such as stibnite, kermesite, and valentite. Traces of antimony are also found in ores such as ilmenite, olivine, galena, sphalerite, and pyrite. The growth of the global antimony market is primarily driven by the increasing use of the element as a flame retardant in major industries such as building and construction, automotive, electrical and electronics, and aerospace. Antimony is used as a strengthening agent for lead alloys in the manufacturing of lead acid batteries, which are extensively used in electric vehicles as they are reliable, can deliver high currents, and have a low internal impedance and indefinite shelf life when stored without an electrolyte. Stringent regulations for environmental protection and reduction of CO2 emissions are expected to fuel market growth during the forecast period. For instance, the European Union has set an emission reduction target of 95 grams of CO2 per kilometer, the fleet average to be achieved by all new cars.

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Antimony is used to manufacture solder, steel and pipe metals, bearings, and castings. It is also used in making transistors for electrical devices such as computers, gaming devices, pocket calculators, and portable stereos. According to the International Antimony Association, antimony compounds such as antimony trioxide, antimony tris, sodium antimonate can be used as polycondensation catalysts for the manufacturing of polyethylene terephthalate (PET). The increasing demand for PET in food packaging and beverage bottling due to its recyclability is further driving the demand for antimony. Additionally, the rising demand for cosmetics such as kohl, which uses antimony, is expected to propel market growth during the forecast period.

Key Players and Competition Analysis

Some of the manufacturers operating in the global antimony market are Amspec Chemical Corporation (US), Artemis Resources (Australia), BASF SE (Germany), Campine (Belgium), Huachang Antimony Industry (China), Korea Zinc Co., Ltd (South Korea), Recylex (France), United States Antimony Corporation (US), Nihon Seiko Co., Ltd (Japan), Umicore (Belgium), Mandalay Resources Ltd (Canada), American Elements (US), and Belmont Metals (US).

Segmentation Analysis

The global antimony market has been segmented on the basis of type, application, end-use industry, and region. On the basis of type, the market has been categorized as antimony ingot, antimony trioxide, alloys, and others. Based on application, the global antimony market has been segmented into flame retardants, stabilizers, catalysts, alloy strengthening agents, semiconductors, enamels, and others.

Regional Analysis

The global antimony market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific dominated the global antimony market in 2017 due to the high demand in end-use industries. The growing chemicals and electronics industries in India, China, and Japan are driving the demand for antimony in the region. North America accounted for the second-largest market share in 2017 on account of the high demand for antimony in the food & beverage, aerospace, and cosmetics industries in the region. The Latin American market is projected to witness considerable growth due to the growing food & beverage and cosmetics industries, especially in Brazil and Argentina. The market in the Middle East & Africa is also likely to grow due to the demand of antimony as a flame retardant in the building and construction industry.

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