Global Antimony Market Size to Reach USD 3.88 Billion in 2032 | Emergen Research

Easy availability of antimony and rapid industrialization are significant factors influencing antimony market growth


Vancouver, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The global antimony market size is projected to reach USD 3.88 Billion in 2032 and register a moderate CAGR over the forecast period, according to latest analysis by Emergen Research. Easy affordability, rising demand for lead-acid batteries, and increasing usage in electronics products are some other key factors driving market growth.

Manufacture of antimony trioxide is done using stibnite ores (antimony trisulfide) or as a by-product of lead smelting. China, South Africa, Russia are some of the major countries producing a bulk amount of antimony trioxide. The inorganic compounds of antimony trioxide are used as a pigment to create other antimony products; antimony trioxide also plays a major role as a catalyst in the chemicals industry. Antimony trioxide is used as a flocculant in the preparation of titanium dioxide. Glass and ceramic manufactures use antimony trioxide as an improver; it is also used as a remover of degasser (bubbles) and as a fining agent.

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The global antimony market is projected to remain in highly competitive. Increasing demand for alimony, technological advancements in industrial applications, and higher diversification in antimony usage in certain products are some key factors expected to open up more lucrative opportunities for major players operating in the market during the forecast period.

Scope of Research

Report DetailsOutcome
Market size value in 2020USD 1.96 Billion
CAGR (2021 – 2032)5.8%
Revenue forecast in 2032USD 3.88 Billion
Base year for estimation2020
Historical data2017–2019
Forecast period2021–2032
Quantitative unitsRevenue in USD Billion, Volume in Kilo Tons, and CAGR from 2020 to 2032
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredApplication, Product Type, End-use, and Region
Regional scopeNorth America; Europe; Asia Pacific; Central & South America; Middle East & Africa.
Country scopeU.S.; Canada; Mexico; Russia, U.K.; Germany; France; Italy, Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; UAE; Israel; South Africa.
Key companies profiledMandalay Resources Ltd, Belmont Metals Inc., AMG Advanced Metallurgical Group, United States Antimony Corporation, Lamber Metals International, Village Main Reef Ltd., Amspec Chemical Corporation, Recylex, Tri-Star Resources, and NYACOL Nano Technologies
Customization scope10 hours of free customization and expert consultation

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Competitive Landscape

The global antimony market is fragmented, with a number of companies accounting for significant share in global market revenue. Major players operating in the global antimony market are engaged in various research & development activities, product portfolio expansion, product launches, and related strategies. Some major players in the market include:

  • Mandalay Resources Ltd.
  • Belmont Metals Inc.
  • AMG Advanced Metallurgical Group
  • United States Antimony Corporation
  • Lambert Metals International
  • Village Main Reef Ltd.
  • Amspec Chemical Corporation
  • Recylex
  • Tri-Star Resources
  • NYACOL Nano Technologies

In November 2019, AMG Advanced Metallurgical Group acquired the assets of International Specialty Alloys, which is a leading U.S producer of titanium master alloys and other binary alloys for the aerospace market. This acquisition will help in the business expansion of AMG Advanced Metallurgical Group.

In July 2020, United States Antimony Corporation announced that launch of private placement to accelerate the development of the Los Juarez Gold and Silver project. The Company had adopted a strategy to use the net proceeds of the offering to accelerate the production of gold and silver from the Los Juarez deposit and for working capital purposes.

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Some key findings in the report

  • In July 2020, United States Antimony Corporation announced the launch of private placement to accelerate development of the Los Juarez Gold and Silver project. The Company had made it a strategy to use the net proceeds of the offering to accelerate the production of gold and silver from the Los Juarez deposit and for working capital purposes.
  • Based on product type, the global antimony market is segmented into antimony trioxide, alloys, metal ingot, antimony pentoxide, and others. Antimony trioxide is also known as antimony oxide, and is the most widely produced and used compound of elemental antimony. Antimony trioxide is majorly used as flame retardant in plastics, adhesives, rubber, fiberglass, and paper.

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For the purpose of this report, Emergen Research has segmented the market based on application, product type, end-use, and region:

  • Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018–2028)
    • Lead Acid Batteries
    • Flame Retardants
    • Plastic Additives
    • Glass & Ceramics
    • Others
  • Product Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018–2028)
    • Antimony Trioxide
    • Alloys
    • Metal Ingot
    • Antimony Pentoxide
    • Others
  • End-use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018–2028)
    • Automotive
    • Chemical
    • Electrical
    • Others
  • Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018–2028)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Russia
      2. UK
      3. Germany
      4. France
      5. Italy
      6. Spain
      7. BENELUX
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Israel
      5. Rest of MEA

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