Antimony Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2029

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Companies covered in Antimony Market are , Campine NV (Antwerp, Belgium), Huachang Antimony Industry (Yiyang, China), United States Antimony Corp (Montana, U.S.), Korea Zinc Co. Ltd, (Seoul, South Korea), Lambert Metals International (Bushey, U.K.), Mandalay Resources Ltd (Toronto, Canada)

The global antimony market size was USD 0.88 billion in 2020. The market is expected to grow from USD 0.94 billion in 2022 to USD 1.4 billion in 2029, exhibiting a CAGR of 6.5% during the forecast period. Significant demand for the element from chemical manufacturing and the rising industrial demand may foster the market’s growth. Fortune Business Insights™ presents this information in its report titled “Antimony Market, 2022-2029.

Source: https://www.fortunebusinessinsights.com/antimony-market-104295

Segmentation

By application, the market is segmented into flame retardants, chemicals alloys, lead-acid batteries, ceramics glass, and others. Regionally, it is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Strong Adoption of Flame Retardants May Foster Industry Growth

The chemical is physically blended and inserted into several products and textiles. It is used in paints, rubbers, textiles, children’s clothing, and industrial safety is expected to boost the industry progress. Further, strict government regulations by the Occupational Safety and Health Administration OSHA for adopting flame retardant clothing are expected to boost the market development. Moreover, increasing investments in the development of effective chemicals may foster industry progress. These factors may incite antimony market growth.

However, the availability of substitutes may hinder the industry growth.

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