Market Overview:
Antimony ore is obtained from stibnite is used as a hardening alloy for lead to provide flame resistance, low friction. They are used in storage batteries, cable sheaths, bearing metals, solder, foldable tubes and foil, and in semiconductor technology like acoustic devices. Its consumption in the pharmaceuticals and cosmetic industry is further boosting the demand of this market. Continuous research and development and advancement in technology used in antimony mining for production of products is backing the growth of global antimony ore market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Youngsun Essen Corp. (United States), China Minmetals (China), BASF SE (Germany), Huachang Group (China), Campine (Belgium), Guangxi Youngsun Chemicals Corp. (China), Hunan Zhongnan Antimony & Tungsten Trading Co. Ltd (China) and Shanghai Metal Corporation (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Antimony Ore Market Study:
Youngsun Essen Corp. (United States), China Minmetals (China), BASF SE (Germany), Huachang Group (China), Campine (Belgium), Guangxi Youngsun Chemicals Corp. (China), Hunan Zhongnan Antimony & Tungsten Trading Co. Ltd (China) and Shanghai Metal Corporation (China)
Antimony Ore Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Ammunition, Flame Retardants, Alloys and Other |
Type | Oxidized Ore, Mixed Ore and Primary Ore |
End User | Automobile,Space & Defense,Paints,Building Constructions,Others |
Influencing Trend:
Growing Application in Batteries for providing Flame Resistance
Market Growth Drivers:
Growing Demand in Flame Retardants in many Industries like Electronic and Automobile, Advancement in Technology and Growth in Purchasing Power in Developing Countries
Challenges:
The entry of Cheap Substitutes in the Market might Hamper the Market Growth
Restraints:
Risk of various Health Hazard associated with Antimony Ore, Negative Impact of Antimony on Environment and Regulations regarding the Consumption of Antimony
Opportunities:
Increasing use in Pharmaceuticals and Cosmetic Products and Improving Sustainability and Recycling Power of Metal
. The Global Antimony Ore market is gaining huge competition due to involvement of Chinese companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In January 2020, BASF SE acquired Domo Chemicals, Leuna, Germany, was approved by the E.U. Commission as the buyer of the European polyamide business. It enhanced the company’s access to growth markets in Asia as well as in North and South America. This acquisition helped company to expand its presence in antimony ore market
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Antimony Ore market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Antimony Ore market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Antimony Ore Manufacturers, Antimony Ore Distributors and Suppliers, Antimony Ore International Traders, Research and Development Institutes, Financial Institutes and Venture Capital, Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.