According to a new market report published by Lucintel, the future of the antimony trioxide market looks promising with opportunities in the electrical & electronics, building & construction, and packaging industries. The global antimony trioxide market is expected to reach an estimated $1.4 billion by 2024 and is forecast to grow at a CAGR of 3.8% from 2019 to 2024. The major drivers for this market are increasing safety and security measures for smoke and flammability in construction and electrical & electronics industries.
In this market, antimony trioxide is used as a synergist, catalyst, fining agent, and pigment for the plastics, textiles, rubber, glass, and other application. Lucintel forecasts that synergist will remain the largest segment over the forecast period due to growing demand for halogenated flame retardant in building & construction and electronics market. Lucintel predicts that the catalyst segment is expected to witness the highest growth during the forecast period due to the increasing demand for PET in the packaging industry.
Within the antimony trioxide market, the electrical and electronics will remain the largest segment due to the increasing demand for halogenated flame retardants in various applications.
Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period due to the growing consumption of antimony trioxide in flame retardant and catalyst application over its alternatives such as zinc hydroxystannate, zinc stannates, and zinc borates.
An emerging trend, which has a direct impact on the dynamics of the industry, includes the increasing application of ultrafine antimony trioxide. Yiyang Huachang Antimony Industry, AMG Advanced Metallurgical Group, Campine NV, Nihon Seiko., and Jiefu Corporation are among the major suppliers of antimony trioxide.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global antimony trioxide market by application, function, end use industry, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Antimony Trioxide Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global antimony trioxide market by application, function, end use, and region as follows:
By End Use Industry [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
• Electrical and Electronics
• Building and Construction
By Function [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
• Fining Agent
By Application [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
By Region [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
• North America
• Asia Pacific
• The Rest of the World
This 205-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include chemical market research reports, chemical industry analysis report, commercial due diligence report, business strategy consulting and market research reports online.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global antimony trioxide market by application (plastics, textile, rubber, glass, and others), end use industry (electrical and electronics, building and construction, packaging, and others), function (synergist, fining agent, catalyst, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?