Press release
Antimony Market Surges Amid Rising Fire Accidents Driver: A Major Catalyst in the Evolution of the Antimony Market in 2025
Antimony Market Size
The burgeoning incidents of fire mishaps, coupled with rigorous fire safety norms, are predicted to catalyze the expansion of the antimony market. Fire safety regulations advocate that prevention is the key step in dodging fire incidents. The surge in fire mishaps has brought about increased demand for fire safety norms, leading to escalated antimony production. This is because antimony constitutes a critical component in flame retardants, fire-resistant clothing, and various other fire safeguard systems. For example, data issued by the National Fire Protection Association (NFPA), a nonprofit entity based in the US, stated in November 2023 that local fire departments in the US had to respond to about 1.5 million fire mishaps in 2022. These fires resulted in the demise of 3,790 civilians and injured 13,250. The property damages from these fires amount to approximately $18 billion. Furthermore, there was an escalation in the number of apartment fire fatalities by 14%, injuries by 7%, and property damages by 6% from 2021 to 2022. Hence, the combination of the upsurge in fire incidents and robust fire safety norms stimulates the antimony market's growth.
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What Is the projected market size and growth rate for the antimony market?
The size of the antimony market has seen vigorous growth in the past few years. It is expected to expand from a size of $4.69 billion in 2024 to $5.01 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to the growth witnessed in the historical period include industrial demand, usage in flame retardant applications, policies and regulations, growth in the electronics sector, as well as mining and supply dynamics.
The market size of antimony is projected to experience robust expansion in the coming years, rising to $6.54 billion by 2029, at a compound annual growth rate (CAGR) of 6.9%. The progression during the prediction period is primarily due to advancements in electronics, the evolution of electric vehicles, strict regulations, worldwide economic conditions, and breakthroughs in exploration and mining. Significant emerging trends for the predicted period are green technologies, advancements in battery technologies, market enlargement in the Asia-Pacific region, a shift towards eco-friendly antimony production, supply chain issues, and fluctuating market prices.
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How are the latest trends influencing the growth of the antimony market?
Key players in the antimony market are focusing on pioneering projects, such as those centred around antimony metal production, as a response to industry needs for improved durability and fire resistance. A typical antimony metal production project encompasses the mining and refining of the antimony ore to generate refined antimony metal adept for use in diverse industrial sectors, like flame retardants, electronics, or metal alloys. For example, Huayu Mining, a metal mining company based in China, unveiled the Tajikistan antimony-gold project in April 2022. It's aiming to process an annual total of 1.5 million tons of ore. Once the project is fully operational, it has the potential to yield 2.2 tons of gold and 16,000 tons of antimony metal each year, leading to a substantial surge in the production of these precious metals.
What major market segments define the scope and growth of the antimony market?
The antimony market covered in this report is segmented -
1) By Type: Antimony Trioxide, Antimony Pentoxide, Alloys, Metal Ingots, Other Types
2) By Application: Flame retardant, Plastic additives, Lead acid batteries, Glass And ceramics, Other Applications
3) By End User Industry: Chemical, Automotive, Electrical & electronics, Other End-Users
Subsegments:
1) By Antimony Trioxide: Flame Retardant Applications, Pigment Production, Other Industrial Uses
2) By Antimony Pentoxide: Flame Retardant Applications, Catalyst Production, Glass and Ceramics Applications
3) By Alloys: Lead-Antimony Alloys, Tin-Antimony Alloys, Other Metal Alloys
4) By Metal Ingots: High Purity Antimony Ingots, Antimony Ingots for Recycling, Other Types
5) By Other Types: Antimony Oxide (Various Forms), Antimony Compounds, Antimony Mining By-products
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Which region dominates the antimony market?
Asia-Pacific was the largest region in the antimony market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the antimony market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the antimony industry growth?
Major companies operating in the antimony market include China Minmetals Corporation, United States Antimony, GeoProMining Ltd., C. Steinweg Group, Tri-Star Resources PLC, China Antimony Trioxide Corporation, Consolidated Murchison Mine, AMG Advanced Metallurgical Group, Campine NV, Beaver Brook Antimony Mine Inc., Mandalay Resources Ltd, Hsikwangshan Twinkling Star Co. Ltd., Dongguan Jiefu Flame-Retarded Materials Co. Ltd., Nihon Seiko Co. Ltd., Belmont Metals, Huachang Antimony Industry, Hunan Chenzhou Mining Group Co. Ltd., Lambert Metals International, Suzuhiro Chemical, Yunnan Muli Antimony Industry Co. Ltd., China Antimony Chemicals Co. Ltd., Sarylakh-Surma and Zvezda, Antimony Metal Processing South Africa (Pty) Ltd., Antimony Recovery from End-of-Life Products, Guangxi Youngsun Chemicals Co. Ltd., Xikuangshan Antimony Company Limited
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What Is Covered In The Antimony Global Market Report?
• Market Size Forecast: Examine the antimony market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the antimony market for a structured understanding.
• Key Players Overview: Analyze major players in the antimony market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the antimony market.
• Segment Contributions: Evaluate how different segments drive overall growth in the antimony market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the antimony market.
• Industry Challenges: Identify potential risks and obstacles affecting the antimony market.
• Competitive Landscape: Review strategic developments in the antimony market, including expansions, agreements, and new product launches.
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