Global antimony
market is estimated to grow considerably in the
years to come owing to the rapid development in metal and electronic
industries. Antimony is a chemical element that occurs naturally. The
semi-metallic chemical is present in chemical compounds like antimony (II)
sulfide. Pure antimony is used to manufacture different types of semiconductor
devices like infrared detectors and diodes. It is a bad conductor of heat and
electricity and expands on cooling. Antimony is extremely traditional element
that holds wide applications.
Increase in demand for flame retardants with
regards to consumer electronics, household products, toys, clothing, rise in
demand for gadgets like tablets, calculators, smart watches, smartphones, etc.
are some of the driving factors of antimony market. Composites are widely used
as a substitute to all the traditional materials in multiple applications in
construction, aerospace, automobile, etc.
Additionally, growing demand for safety
policies and increasing use for plastic additive application is encouraging the
market growth. Hence, fiberglass composites are also fueling the market growth
since they possess high strength property. However, overexposure of antimony is
expected to affect human health adversely and the environment, which will
ultimately hamper the market growth.
Get Sample Copy of this Report @
Investigation of new developed
antimony reserves and recycling of antimony are expected to bring more
opportunities in the market. Nevertheless, the rising geo-political tension is
expected to challenge the market. The market is categorized on the basis of
product type, application, end user and geography. On the basis of product
type, market is divided into alloys, trioxides, and others. Trioxides segment
is predicted to lead the market owing to its increasing use in household goods,
toys, consumer electronics, flame retardants, etc.
In terms of application, market is
split into plastic additives, flame retardant, glass and ceramics, lead acid
batteries and others. Flame retardant segment is anticipated to lead the market
owing to its increasing demand for several applications. Based on end user,
market is divided into automotive, electronics and electrical, chemical and
others. Chemical industry followed by automotive industry ae expected to hold
larger share of antimony market owing to its use in flame stabilizer, catalyst &
synergist in chemical industry and for the making of lead acid batteries in
automotive sector.
Geographically, market is segmented as
North America, South America, Europe, Asia Pacific and Middle East &
Africa. Asia Pacific region is anticipated to dominate antimony market due to
developing automotive and chemical industries and favorable government
policies. The key players in antimony market comprise Mandalay Resources
Corporation, Hunan Zhongnan Antimony & Tungsten Trading Co. Ltd, BASF,
Guangdong Minmetals Imp. & Exp. Group and Yunnan Muli Antimony Industry Co.
Ltd.
Browse Related Category Market
Reports @
No comments:
Post a Comment