Global Antimony Market Poised for Growth, Expected to Reach $6.31 Billion by 2027

The Business Research Company’s Antimony Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 17, 2023 /EINPresswire.com/ — The global antimony market is projected to witness substantial expansion, rising from $4.17 billion in 2022 to $4.54 billion in 2023, demonstrating a robust compound annual growth rate (CAGR) of 8.9%. Despite setbacks from the ongoing Russia-Ukraine war impacting global economic recovery post the COVID-19 pandemic, the market is expected to surge to $6.31 billion by 2027, fueled by the increasing incidents of fire accidents and the enforcement of stringent fire safety regulations worldwide.

Increasing Fire Accidents Drive Market Growth

The mounting occurrences of fire accidents and the enforcement of stringent fire safety regulations represent pivotal factors driving the growth of the antimony market. Antimony, known for its application as a flame inhibitor in fire-resistant apparel, flame retardants, and various fire protection systems, has witnessed heightened demand in line with the emphasis on fire prevention measures. The National Fire Protection Association’s data for the United States in 2020 reported 1,388,500 fires, resulting in 3,500 civilian deaths and 15,200 injuries, with a 23% increase in fire-related deaths compared to 2012. This data underscores the critical role of antimony in addressing the imperative need for fire safety and prevention measures.

Explore the global antimony market with a detailed sample report:

Key Players and Market Trends

Prominent players in the antimony market include BASF SE, Campine NV, Huachang Antimony Industry, and AMG Advanced Metallurgical Group, among others, contributing significantly to the competitive landscape. Strategic collaborations and joint ventures between companies represent a key trend gaining traction, exemplified by the collaboration agreement between United States Antimony and Perpetua in May 2021. This collaborative effort underscores the industry’s commitment to fostering technological advancements and the development of innovative antimony products, positioning the United States Antimony as a leading producer of refined antimony products within the region.

Segments:

• By Type: Antimony Trioxide, Antimony Pentoxide, Alloys, Metal Ingots, Other Types
• By Application: Flame retardant, Plastic additives, Lead acid batteries, Glass & ceramics, Other Applications
• By End User Industry: Chemical, Automotive, Electrical & electronics, Other End-Users

Geographical Insights: Asia-Pacific Leads, Anticipated Growth in the Region

Asia-Pacific emerged as the largest region in the antimony market in 2022, with expectations for the region to maintain its position as the fastest-growing region in the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and potential growth opportunities.

Access the complete report for an in-depth analysis of the global antimony market:

Antimony Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Antimony Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on antimony market size, antimony market drivers and trends, antimony market major players, competitors’ revenues, antimony market positioning, and market growth across geographies. The antimony market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
General Minerals Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/general-minerals-global-market-report
Mineral Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/mineral-global-market-report
Metal And Mineral Global Market Report 2023

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]

Check out our:
LinkedIn:
Twitter:
Facebook:
YouTube:
Blog:
Healthcare Blog:
Global Market Model:

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
Twitter
LinkedIn
YouTube

Sports Market Growth Forecast 2023-2027