Dublin–(Business Wire)–New “2022 Antimony Products Market Global Market Report” report ResearchAndMarkets.com’s supply.
This report provides strategists, marketers, and senior management with the key information needed to assess the global antimony market.
The global antimony market is expected to grow from USD 3.88 billion in 2021 to USD 4.12 billion in 2022, at a compound annual growth rate (CAGR) of 6.23%.
The increase was primarily due to companies rescheduling operations and recovering from the impact of COVID-19, which earlier led to restrictive containment measures, including social distancing, remote working and the closure of business events, which resulted in Operational challenges. The market is expected to reach USD 5.53 billion by 2026, at a CAGR of 7.65%.
mentioned company
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BASF SE
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Campi Nevada
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Huachang Antimony Industry
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AMG Advanced Metallurgical Group
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Hunan Chenzhou Mining Group Co., Ltd.
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Lambert Metals International
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Mandalay Resources Ltd.
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Japan Seiko Co., Ltd.
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NYACOL Nanotechnology Corporation
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Recycle
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Suzuhiro Chemical
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Belmont Metal
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American Antimony
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Village Main Reef Ltd.
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Yunnan Muli Antimony Industry Co., Ltd.
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Belmont Metal
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Major players in the antimony market are BASF SE, Campine NV, Huachang Antimony Industry, AMG Advanced Metallurgical Group, Hunan Chenzhou Mining Group Co. Ltd., Lambert Metals International, Mandalay Resources Ltd, Nihon Seiko Co. Ltd., NYACOL Nano Technologies Inc ., Recylex, Suzuhiro Chemical, Belmont Metals, United States Antimony, Village Main Reef Ltd., Yunnan Muli Antimony Industry Co. Ltd., and Belmont Metals.
The antimony market includes antimony sales by entities (organizations, individual traders and partnerships) that produce antimony through mining or smelting processes and supply it to various industries. Antimony is a semimetallic chemical element that comes in two forms: metallic and nonmetallic. Metallic antimony is shiny, silvery, hard and brittle; non-metallic antimony is gray powder. Antimony is a poor conductor of heat and electricity. Antimony is a naturally occurring element in the environment. However, it also finds its way into the environment through various human applications. Antimony is an important metal in the global economy.
The main antimony species covered in this report are: antimony trioxide; antimony pentoxide; alloys; metal ingots; and others. Antimony is used in various applications such as: flame retardants; plastic additives; lead-acid batteries; glass and ceramics; and others. The various end-user industries for antimony are: chemical; automotive; electrical and electronic; and other industries.
Asia-Pacific is the largest region for the counter currency market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period. Regions covered in this report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rising fire incidents and stringent fire safety regulations are expected to drive the growth of the antimony market. According to fire safety rules, prevention is the first step in avoiding fire accidents. Demand for fire safety regulations due to increase in fire accidents has led to increased production of antimony, as antimony is commonly used as fire-resistant clothing, flame retardant, and flame retardant in various fire protection systems.
According to the National Fire Protection Association (NFPA), there were 1,388,500 fires in the United States in 2020, killing 3,500 civilians and injuring 15,200. According to NFPA, fire-related deaths in 2020 increased by 23% compared to 2012. Hence, rising fire incidents and stringent fire safety regulations are driving the antimony market.
Strategic collaborations and joint ventures between companies is a key trend gaining popularity in the antimony market. Companies producing antimony are cooperating and collaborating to develop new technologies and antimony products.
In 2021, Far East Antimony Ltd acquired the Solonechenskoye antimony mine in the Transbaikal Krai in the Russian Far East. With this acquisition, Far East Antimony aims to develop the Solonechenskoye deposit, one of the largest undeveloped antimony deposits in the world.
Countries covered in the antimony market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.
For more information on this report, please visit https://www.researchandmarkets.com/r/xzsrkn
