Antimony Market: Trends, Growth Opportunities, and Global Forecast 2024-2030
The global antimony market size was estimated at USD 2.17 billion in 2023 and is estimated to grow at a CAGR of 6.1% from 2024 to 2030. The market expansion is significantly driven by increasing applications in flame retardants, lead-acid batteries, and semiconductors. The demand for antimony stems from its key roles in flame retardants and lead-acid batteries, thanks to its properties like high heat resistance and electrical conductivity. Due to fire safety needs, it's vital in sectors such as construction, textiles, and electronics and is increasingly used in electric vehicle batteries in the automotive industry. This boosts its market as antimony enhances battery performance and longevity, aligning with the demand for sustainable transportation. The antimony market is diverse but faces several challenges, including environmental issues from mining and processing, high energy consumption, elevated production costs, and supply chain vulnerabilities. Geopolitica...