The growth of the Antimony Market is primarily
dependent on the growth of the electronics and automotive sectors. Antimony can be categorized into various types
such as antimony trioxide, antimony pentoxide, alloys and more. It is primarily
utilized in multiple end-use industries such as electronics &
semiconductors, automotive and other industries. Antimony is mainly used in the
electronics & semiconductor industry for the production of smartphones,
OLED TVs, tablets, diodes, infrared
detectors and other electronic devices, owing to its flame-retardant
properties. It also plays a significant role in the automotive industry for
various applications involving electronic displays, fuel cells and more. The
surging developments associated with the electronics & automotive sectors
across the world have led to considerable growth in the antimony market. The antimony
market size is projected to grow at a CAGR of 6.2% during the forecast period
(2022-2027) and reach US$3 billion by 2027.
Antimony Market: Leading Segment is the Electronics & Semiconductors
On the basis of the end-use industry, the Antimony Market can be segmented into automotive, electronics & semiconductor, building and construction and others. The electronics & semiconductor sector is evaluated to be the leading segment in the antimony market in 2021. During the forecast period 2021-2027, the electronics & semiconductor segment is expected to grow with a CAGR of 6.5%. This can be attributed to various reasons such as the increasing production of consumer electronics across the world. According to recent insights published on Growth from Knowledge (GRK) in September 2021, the global consumer electronics industry was valued at US$42.8 billion during the first quarter of 2021, an increase of 18% in comparison to 2020, owing to an increase in electronic production.
Antimony Market: Leading Region is the Asia-Pacific
On the basis of geography, the Antimony Market can be segmented into North America, South America, Europe, APAC and EMEA. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most dominant region in the market. In 2021, the Asia-Pacific region held over 40% share of the total revenue earned by the market globally. Asia-Pacific countries including China and India are comparatively ahead in terms of the growth of the electronics & semiconductor sector. For instance, recent insights from Invest India state that the electronics industry in India was valued at US$118 billion in 2021, with domestic electronic production reaching up to US$9.9 billion.
The antimony market will also witness significant growth in the North American region. The U.S. and Canada are emerging as competitive countries in the antimony market.
Antimony Market: Competitive Landscape
Key companies holding major shares in the Antimony Market are Campine NV, Yiyang Huachang Antimony Industry Co. Ltd, Korea Zinc Co. Ltd., BASF SE, US Antimony, AMG Advanced Metallurgical Group, Hunan Chenzhou Mining Group Co. Ltd., Korea Zinc Co. Ltd, Lambert Metals International and Mandalay Resources Ltd. The key strategies adopted by the company include launches and expansion among others. In January 2021, Campine NV introduced its new method of antimony extraction from older lead batteries. The extracted antimony is then transformed into trioxide, which can be further utilized as an ingredient in fire-retardant plastics, paints and other materials.