Antimony Market Share

Asia Pacific Market Forecast

The Asia Pacific region antimony market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market is ascribed to the developing electronic and automotive industries in the region. For instance, the electronic industry in the Asia Pacific region amounted to about USD 250 billion in 2020. Additionally, higher demand for antimony in the automotive industry is further anticipated to propel the growth of the market over the forecast period. For Instance, revenue generated by motor vehicles and other parts dealers in the U.S. was estimated to be around USD 1 million in 2021. Furthermore, the total sale of light vehicles in the U.S. was estimated to be around 13 million units in 2021. Additionally, with the increasing government and public sector initiatives, alternate uses of antimony, and an upsurge of fire safety regulations in all commercial and private spaces is estimated to grow rapidly in the region during the forecast period.

Europe Market Forecast

Additionally, the market in the European region is also projected to grow rapidly over the forecast period. The EU has been a significant global producer of oxide ever since the preceding decade. The production of oxide in the EU is dependent on imported refined copper elements. Lead acid batteries from Europe are anticipated to boost the market demand.