Use of Antimony in Lead Acid Batteries, Flame Retardants Propelling Demand, Projected to Reach US$3.5 billion by 2030

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Industry Experts, Inc., has released its latest report on "Antinomy", which projects the demand for this semi-metallic element to reach in excess of US$3.5 billion by 2030 from an estimated US$2.5 billion in 2024 at a CAGR of 6.2% between the two years.

Some of the factors instrumental in driving demand for Antimony include its widespread use in flame retardants (in pentoxide & trioxide compound forms) and as an alloying agent with lead in lead acid batteries to increase the strength, corrosion resistance and castability of battery grids. The primary applications of flame retardants include protecting construction materials, plastics, textiles and electrical & electronic components against fire hazards.

Asia-Pacific leads the demand for Antimony on a global basis and is also anticipated to be the fastest growing region. China’s dominance as the number one producer and consumer of Antimony has remained unchallenged for some time now and would continue in the same way. The region’s flourishing automotive and electrical & electronics industries are the major consumers of effective antimony-based flame retardants and alloys for various applications.

The report studies the Antimony market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for major product types of Antimony analyzed in this report includes Alloys, Metal Ingots, Antimony Pentoxide and Antimony Trioxide. The study also examines the market for Antimony’s applications comprising Ceramics & Glass, Chemicals & Alloys, Flame Retardants, Lead Acid Batteries and Plastic Additives, among Others (including Alloy Strengthening Agents, Enamels & Semiconductors). By end-use sector, the global market for Antimony has been categorized into Automotive, Chemical and Electrical & Electronics.

About Industry Experts, Inc

Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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