Antimony Market Size

Antimony Market size was valued at USD 1.15 billion in 2024 and is likely to cross USD 2.91 billion by 2037, registering more than 7.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of antimony is estimated at USD 1.22 billion. Higher utilization of antimony in battery manufacturing is anticipated to be one of the major growth drivers of the market. For instance, the global demand for batteries was estimated to be approximately 180 GWh in 2020 and is further anticipated to reach more than 1,900 GWh by 2030. Besides, the growth of the market is accounted to the constantly growing electronic industry and the growing awareness of fire safety. Data provided by the National Fire Protection Association (NFPA) demonstrated that in 2020, there had been about 1,388,500 fire incidents in the United States.

The global antimony market is estimated to witness remarkable growth on the back of the up-surged requirement for antimony in fire safety. Although antimony has no flame-retardant properties, when it is utilized with halogenated compounds, it creates flame-retardant properties owing to the synergistic effect. Institute for Health Metrics and Evaluation released a set of data showing that more than 120,000 deaths were caused due to heat-related incidents in 2017 across the globe. Also, the increasing electrical arcs and the associated hazards, increasing use of plastic additives, and rising investment to reduce fire accidents. Hence, all such demands and requirements for antimony are projected to propel the growth of the market over the forecast period.