DUBLIN–(BUSINESS WIRE)–ResearchAndMarkets.com has added the “Global Industry Trends, Share, Scale, Growth, Opportunities and Forecasts 2021-2026″ report to the products of ResearchAndMarkets.com.
In 2020, the global antimony market will be worth US$1.92 billion. Looking ahead, publishers expect the global antimony market to show moderate growth in the next five years.
Antimony refers to a shiny gray chemical element that exists in metallic and non-metallic forms. The metallic form is hard, fragile and bright silver-blue, while the non-metallic form is a gray powder. It is extracted from ore, such as stibnite and titanite, which is considered a stable element in dry air, and is static to alkalis and acids. Antimony is also a poor conductor of heat and electricity, so it is often used in the manufacture of semiconductor devices, including infrared detectors and diodes, batteries, low-friction metals, fireproof materials, ceramic enamels and paints.
The global antimony market is mainly driven by the increasing demand for antimony trioxide (ATO) used in the manufacture of flame retardants and plastic additives. ATO is an inorganic element that is widely used with halogenated compounds to produce a synergistic effect with flame retardant properties. The adoption rate of lead-acid batteries, solders, pipes, castings, and transistor bearings continues to increase. These products are an important part of various consumer electronics products (such as computers, calculators, portable audio and gaming devices) and also drive market growth. .
In addition, the growing demand for antimony-based glass fiber composites with chemical and heat-resistant properties has also had a positive impact on market growth. Other factors, including rapid industrialization and growing demand for antimony-based polyethylene terephthalate (PET) packaging, are expected to drive market development in the next few years.
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours +353-1-416- 8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours +353-1-416- 8900