Global Antimony Market 2015-2019
Antimony is used for the production of flame retardants. It is found in its ore form and usually appears as a lustrous tin-white metal. Antimony is primarily mined in China and the country holds the majority of its reserves. In 2009, the government of China has classified antimony as a strategic metal and a rare element of the earth, resulting in supply constraints worldwide. Apart from flame retardants, the other major applications of antimony are in lead batteries, as an alloy strengthening agent, a catalyst, and in ceramics. In 2014, owing to supply constraints worldwide, the EU and the British Geological Survey listed Antimony at the top of the list for metals and minerals, thus identifying it as one of the most precious and scarce metals in the world.
TechNavio's analysts forecast the Global Antimony Market to grow at a CAGR of 5.03 percent over the period 2014-2019.
Covered in this Report
The Global Antimony market can be divided on the basis of Applications into the following segments: Fire Retarding Agent, Lead Batteries, Alloy-strengthening Agent, Catalyst, Ceramics, and Others.
TechNavio's report, the Global Antimony Market, has been prepared based on an in-depth market analysis, with inputs from industry experts. The report covers the APAC region, Europe, the Americas, and the ROW. It also covers the Global Antimony Market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors in this market.
Technavio Announces the Publication of its Research Report – Global Antimony Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Antimony Market: ChenZhou Mining Group Co. Ltd., Mandalay Resources Corp., United States Antimony Corp., Village Main Reef Ltd. and Yunnan Muli Antimony Industry Co. Ltd.
Other Prominent Vendors in the market are: Campine, Glencore Xstrata, Korea Zinc, Lambert Metals International, Nihon Seiko and Recylex
Commenting on the report, an analyst from Technavio’s team said: “Increased imports of antimony by China are one of the key trends emerging in the market. The reluctance of the Chinese government to evaluate and develop new antimony mines has fueled the need for antimony imports.”
According to the report, antimony, in the form of antimony trioxide, is used to fireproof various industrial and commercial products, including plastics and fibers. Hence, increased use of antimony by flame retardant manufacturers, the Aviation sector, and in the manufacture of household goods propels the growth of the market.
Further, the report states that the government of China classified antimony as a strategic and rare earth metal in 2009 and restricted its illegal mining in recent years, which led to a decrease in the export of antimony by the country and caused global supply constraints.
Hunan ChenZhou Mining Group , Mandalay Resources, United States Antimony, Village Main Reef , Yunnan Muli Antimony Industry, Campine, Glencore Xstrata, Korea Zinc , Lambert Metals International, Nihon Seiko, Recylex