London, 25 March 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Antimony Market 2015-2019, which is expected to post a CAGR of 5.03 percent in terms of volume during the forecast period of 2014-2019.
Increased adoption of the metal in the manufacture of fireproof automotive ancillaries in China and as a catalyst for the production of polyethylene terephthalate worldwide propels the growth of the market. In recent years, the high demand and increased imports of the metal by China have significantly propelled the global import volume of antimony.
“In recent years, increased emphasis has been put on the evaluation and development of new antimony projects in developed countries,” says Faisal Ghaus, Vice President of TechNavio.
“Manufacturers in the Americas and Europe are investing extensively to procure and refurbish old closed down antimony mines as China has shut down all illegal antimony mines.”
Key Market Drivers
- Increased Use for Flame Retardant Products
- New Antimony Projects
- High Demand for Antimony in China
- Growing Demand for PET Production
Key Market Trends
- Increased Imports of Antimony by China
- Declining Prices of Antimony
- Reduced Illegal Antimony Mining in China
Key Market Vendors
- ChenZhou Mining Group Co. Ltd.
- Mandalay Resources Corp.
- United States Antimony Corp.
- Village Main Reef Ltd.
- Yunnan Muli Antimony Industry Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
