Antimony Market to Earn US$2000 Million By The End of This Period.
A plethora of players of all sizes is what makes the global antimony market increasingly competitive, finds Transparency Market Research (TMR). Large, prominent players are facing ceaseless competition against small- and medium-scale players to retain their leading shares. In recent years, large-sized companies in the antimony market have bolstered their positions by investing substantially in research and development activities. In the coming years, they are likely to focus on leveraging the potential of acquisition of regional players to consolidate their geographic footprint, which also might help them to hold their sway in the global antimony market.
However, TMR observes relatively several small players enjoy stronghold in the market with their large customer base, which they will try to expand further. These measures, on the other hand, may be countered by big players who mull entering into strategic alliances in the global antimony market.
Some of the top players operating in the global antimony market are Nihon Seiko Co., Ltd., AMG Advanced Metallurgical Group NV, United States Antimony Corp., Seiko Co., Belmont Metals Inc., and the Future Interfaces Group. The global antimony market is projected to expand at a promising CAGR of 6.0% during 2017 – 2022 and reach a worth of US$2000 million by the end of this period.
Antimony, since decades, has fascinated end-use industries owing to several unique chemical properties which propels its use in numerous commercial applications. This is a key factor that had led to the rapid evolution of the antimony market over the past years. The antimony market is increasingly driven by its rising use in the production of alloys and as a constituent in several commercially useful materials such as in pigments and flame retardant-fabrics.
The information Presented in this Review is Based on Press-Release by TMR
The extensive use of antimony in the production of lead-acid batteries is a notable trend accentuating the market. The rapid strides taken by the battery industry in the various parts of the world riding on the back of expanding automotive industry is a significant factor boosting the global antimony market.
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