June 02, 2021 12:53 ET | Source: Emergen Research Emergen Research
Vancouver, British Columbia, June 02, 2021 (GLOBE NEWSWIRE) -- The global antimony market size is projected to reach USD 3.10 Billion in 2028 and register a moderate CAGR over the forecast period, according to latest analysis by Emergen Research. Easy affordability, rising demand for lead-acid batteries, and increasing usage in electronics products are some other key factors driving market growth.
Manufacture of antimony trioxide is done using stibnite ores (antimony trisulfide) or as a by-product of lead smelting. China, South Africa, Russia are some of the major countries producing a bulk amount of antimony trioxide. The inorganic compounds of antimony trioxide are used as a pigment to create other antimony products; antimony trioxide also plays a major role as a catalyst in the chemicals industry. Antimony trioxide is used as a flocculant in the preparation of titanium dioxide. Glass and ceramic manufactures use antimony trioxide as an improver; it is also used as a remover of degasser (bubbles) and as a fining agent.
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The global antimony market is projected to remain in highly competitive. Increasing demand for alimony, technological advancements in industrial applications, and higher diversification in antimony usage in certain products are some key factors expected to open up more lucrative opportunities for major players operating in the market during the forecast period.
Some key findings in the report
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