Antimony is a rare silvery-white, shiny, brittle, and semiconducting element found in the earth’s crust. It is commonly mined as a by-product of gold, silver, lead, or zinc. More than half the global reserves of antimony are located in China. Russia and Bolivia are also major producers of antimony. The antimony market size is projected to grow from USD 1.77 billion in 2018 to USD 2.37 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. The demand for antimony, particularly in flame retardant, has increased gradually in childrens clothing, electrical appliances, plastics, toys, and automobile seat covers. The use of antimony as a catalyst in polyethylene terephthalate (PET) production has also witnessed growth.
Key players operating in the antimony market work on numerous projects to strengthen their market position.
Major players operating in the antimony market include AMG Advanced Metallurgical Group (Netherland), Mandalay Resources Ltd. (Canada), United States Antimony Corporation (USAC) (US), Korea Zinc (South Korea), Recyclex (France), Nihon Seiko (Japan), Umicore (France), Hunan ZhongNan Antimony & Tungsten Trading Co., Ltd. (China), Huachang Antimony Industry (China), Consolidated Murchison Mine (South Africa), Hsikwangshan Twinkling Star Co. Ltd. (China). These companies have a strong presence in the antimony market and are continuously undertaking efforts to improve their business strategies and product portfolios.
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AMG Advanced Metallurgical Group is the largest player in the global antimony market. The company produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals sectors. The company has a strong presence in North American and is mainly focused towards emerging applications such as microelectronics.
Mandalay Resources Ltd. is a leading manufacturer of antimony based products. It has expertise in manufacturing, developing, and supplying antimony across various industries, worldwide. The company restarted capital development and mining in 2010 for a planned production rate of 5,000 tons per month. The improvements in mining and processing methods enabled production to grow to 10,000-12,000 tons/month range by early 2013.
Antimony Market by Product Type (Trioxides, Alloys), Application (Flame Retardants, Plastic Additives. Lead-Acid Batteries, Glass & Ceramics), End-Use Industry (Chemical, Automotive, Electrical & Electronics), and Region - Global Forecast to 2023
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