Antimony Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Market Volume (2025) | 98.15 kilotons |
| Market Volume (2030) | 105.76 kilotons |
| Growth Rate (2025 - 2030) | 1.50% CAGR |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Antimony Market Analysis by Mordor Intelligence
The Antimony Market size is estimated at 98.15 kilotons in 2025, and is expected to reach 105.76 kilotons by 2030, at a CAGR of 1.5% during the forecast period (2025-2030). Expansion is modest in volume terms, yet underlying shifts are substantial: China’s September 2024 export controls disrupted global supply, driving prices to USD 22,000 per ton and triggering a 40% single-day price jump. Downstream sectors are responding by searching for diversified raw-material sources, investing in recycling, and accelerating R&D on antimony substitutes. Regulatory tightening in Europe is pressuring flame-retardant formulations, while rapid grid-scale battery deployment in Asia-Pacific is reinforcing demand. Energy-storage innovation, coupled with a resurgence in PET resin output, continues to lift consumption even as environmental scrutiny intensifies.
Key Report Takeaways
- By product type, antimony trioxide led with 57% antimony market share in 2024; alloys are projected to expand at 1.66% CAGR through 2030.
- By ore type, stibnite accounted for 96.20% antimony market share in 2024 while growing at a 1.51% CAGR to 2030.
- By application, flame retardants captured 56% of the antimony market share in 2024, whereas ceramics and glass are advancing at the fastest 2.91% CAGR through 2030.
- By end-use industry, plastics and polymers held 48% of the antimony market share in 2024, while energy storage is set to rise at 3.20% CAGR to 2030.
- By geography, Asia-Pacific commanded 88% of the antimony market share in 2024 and is expanding at a 1.53% CAGR to 2030.
Global Antimony Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Growing Demand from the Plastic Industry | +0.60% | Global, concentrated in Asia-Pacific | Medium term (2-4 years) |
| Rapid Grid-Scale Lead-Acid Battery Expansion in Asia-Pacific | +0.40% | Asia-Pacific, spillover to North America | Medium term (2-4 years) |
| PET Resin Boom Boosting Sb-Catalyst Consumption | +0.30% | Global, concentrated in Asia-Pacific | Short term (≤ 2 years) |
| Rising Demand for Antimony in Electronics Industry | +0.30% | Asia-Pacific, North America | Medium term (2-4 years) |
| Rising Construction and Automotive Demand in Developing Economies | +0.30% | Asia-Pacific, South America | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Growing demand from the plastic industry
Fire-safety rules in construction, automotive, and consumer electronics continue to move large polymer volumes toward antimony-based flame-retardant systems. PET producers still rely on antimony catalysts that deliver high reaction rates and favorable color even though antimony leaching exceeds California public-health goals in 40% of tested beverages. Regulatory pressure has not yet produced a cost-competitive catalyst alternative with similar performance, so global polymer lines are locked in for the medium term. The plastics sector, already holding 48% of antimony consumption, is therefore underpinning the baseline offtake and supporting incremental growth in the antimony market. Ongoing transition to circular packaging paradoxically lifts demand because recycled PET often requires additional antimony to preserve polymer quality.
Rapid grid-scale lead-acid battery expansion in Asia-Pacific
Utilities in China, India, and Southeast Asia are pairing intermittent renewables with familiar lead-acid systems that now incorporate optimized antimony-lead alloys to extend cycle life[1]Drandreb Earl O. Juanico, “Revitalizing lead-acid battery technology,” frontiersin.org . Electro-acoustic charging and alloy tweaks have reduced maintenance and improved depth-of-discharge, making lead-acid competitive for certain grid roles. These projects boost regional antimony pull-through because each battery grid alloy typically contains 1%-6% antimony by weight. Spillover procurement in North America is emerging as utilities seek cost-effective long-duration storage, adding a further layer of structural demand to the antimony market.
PET resin boom boosting Sb-catalyst consumption
Global beverage players are fast-tracking lightweight PET bottle formats to reach recycled-content targets, with production rising more than 4% per year in Asia-Pacific alone. Recyclers add fresh antimony trioxide to restore catalyst activity, creating a circular yet net-positive effect on antimony volumes. Brands continue to favor the established Sb-based catalyst because alternatives raise energy use or introduce color defects. Consequently, PET contributes a stable, measurable bump to antimony market growth, compensating for slower uptake in mature flame-retardant segments.
Rising demand in the electronics industry
Antimony is integral to infrared detectors, Hall-effect sensors, and niche III-V semiconductor platforms seeking higher temperature tolerance. Research prototypes of antimony photovoltaic modules confirm new optoelectronic pathways and could unlock specialty-grade demand for 5N-plus purity material. High-reliability defense electronics are also widening their antimony content, diversifying consumption across multiple technology nodes and reducing single-segment exposure for the antimony market.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Volatile Chinese Export Quotas Causing Price Instability | -0.50% | Global | Short term (≤ 2 years) |
| Shift Toward Halogen-Free Flame Retardants in Europe | -0.30% | Europe, spillover to North America | Long term (≥ 4 years) |
| EU-REACH Toxicology Compliance Costs for Sb2O3 Producers | -0.20% | Europe, global supply-chain implications | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Shift toward halogen-free flame retardants in Europe
European producers are phasing out brominated systems that rely on antimony synergy, replacing them with phosphorus-nitrogen chemistries. The European Chemicals Agency’s SVHC list now encompasses 247 substances, intensifying scrutiny on antimony compounds and downstream halogenated partners. OEM preferences and eco-labels are cementing this transition, which structurally erodes antimony demand in the region over the long run, even though global markets still rely on halogen-Sb formulations.
EU-REACH toxicology compliance costs for Sb2O3 producers
Antimony trioxide now carries a “reasonably anticipated carcinogen” label, subjecting EU producers to extensive dossier updates and worker-safety protocols. Smaller firms struggle to finance the required testing, accelerating consolidation. Compliance expenses raise production costs 7%-9%, trimming European supply competitiveness and nudging customers toward non-EU sources, thereby acting as a drag on the regional antimony market.
Segment Analysis
By Type: Trioxide retains dominance as alloys accelerate
Antimony trioxide commanded 57% of 2024 volume, underpinning the largest slice of the antimony market size for chemicals used in flame-retardant masterbatches. Trioxide consumption climbs at a pace near the overall industry, sustaining leadership even under EU regulatory headwinds. Metal ingot and pentoxide streams remain oriented to specialized glass and battery uses, showing low growth yet stable cash-flow characteristics.
In contrast, the alloys segment—holding only 1.66% share—shows outsized momentum as antimony-modified Zn-Mg-Al coatings gain automotive acceptance. Pilot projects demonstrate corrosion-resistance and microstructural improvements that unlock lifespan benefits for exposed body panels. This niche should outpace base-market growth, offering premium margin potential and higher customer stickiness for suppliers that deliver tailored alloy chemistries within the antimony market.
Note: Segment shares of all individual segments available upon report purchase
By Ore Type: Stibnite sustains near-monopoly yet supply diversification starts
Stibnite contributed 96.2% of mined feedstock in 2024, translating to the vast majority of the antimony market size at the raw-material level. Processing reliance on this single sulfide mineral concentrates geopolitical risk, given that dominant deposits lie in China, Russia, and Tajikistan. The ore generates arsenic-rich waste streams, elevating environmental-management costs worldwide[2]Walter Blanco-Vino et al., “Selective Removal of Arsenic and Antimony,” mdpi.com .
The exploration of non-Chinese deposits is rising. United States Antimony Corporation’s acquisition of 3,840 acres at Stibnite Creek in Alaska aims to underwrite domestic supply resilience. Similar diversification drives in Australia and Canada reflect a gradual pivot intended to dilute the stibnite concentration in the antimony market, laying groundwork for incremental security of supply over the decade.
By Application: Flame retardants lead, ceramics rise
Flame-retardant formulations absorbed 56% of 2024 demand, illustrating the central role of antimony trioxide within halogen-containing systems. Regulatory compliance in transport, electrical, and construction keeps the category entrenched despite European substitution pressure.
Meanwhile, the ceramics and glass segment, at 2.91% of volume, shows the quickest uptake. Fining agents based on antimony improve bubble release and optical clarity in specialty glass used for electronics and solar applications. Rising performance requirements in architectural glazing and panel displays will likely push antimony use further, carving out a premium segment in the antimony market where technical performance outweighs raw-material cost.
By End-Use Industry: Plastics hold first place while energy storage accelerates
The plastics and polymers sector consumed 48% of total volume in 2024, anchored by stringent safety codes that embed flame-retardant additives in building, appliance, and automotive plastics. Even with substitution programs, the enduring appeal of cost-effective halogen-Sb systems protects baseline demand inside the antimony market.
Energy storage and utilities, the fastest-growing end-use at 3.20% CAGR, is expanding in step with investment in stationary batteries to firm renewables. Lead-acid technology beneficiaries source antimony for grid alloys, while research around metallic antimony cathodes for next-generation batteries holds longer-term promise. Funding highlights, such as Antora Energy’s USD 150 million Series B for thermal storage, showcase how power-sector innovation can feed new downstream opportunities for the antimony market.
Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
Asia-Pacific held 88% of antimony consumption in 2024, reflecting unmatched manufacturing depth in plastics, electronics, and batteries. Chinese export permits have upended regional trade flows; Japanese, South-Korean, and Indian buyers now lock in long-term contracts with alternative sources to hedge supply risk. Regional energy transitions add new structural demand for lead-acid storage and high-purity semiconductor compounds, keeping the antimony market on a modest yet consistent expansion path of 1.53% CAGR to 2030.
North America is smaller by volume yet strategically pivotal, importing 82% of antimony for defense and critical infrastructure[3]Gracelin Baskaran and Meredith Schwartz, “China’s Antimony Export Restrictions,” csis.org . Approval of the Stibnite Mine plan in Idaho gives the United States its only permitted primary deposit, with an anticipated output of 148 million pounds across the life-of-mine. This project, alongside Alaskan claims, begins to re-shore part of the antimony market supply chain and could temper future import reliance.
Europe faces unique regulatory compression. REACH compliance costs and the shift toward halogen-free chemistry curb trioxide volumes, while high-performance glass, ceramics, and electronics preserve niche demand. Ongoing CoRAP evaluations inject uncertainty, making European buyers cautious about large-scale investments tied to antimony-based chemistries. Nonetheless, essential automotive and aerospace applications keep the region engaged in the global antimony market, with specialty segments offsetting losses in commoditized flame-retardant tonnage.
Competitive Landscape
Chinese producers retain numerical leadership but face a shifting playing field. Hsikwangshan Twinkling Star and Yunnan Muli Antimony historically dominated export volumes; new government licensing has tightened their outbound flow, allowing non-Chinese miners to win trial contracts. United States Antimony Corporation is expanding Alaskan and Idaho resources to capture supply gaps, a move echoed by Australian juniors evaluating brownfield gold-antimony deposits as dual-commodity plays.
Vertical integration is gathering pace. Campine NV operates smelters, trioxide plants, and lead-acid battery recycling, synchronizing scrap streams with value-added chemicals to mitigate feedstock volatility. Specialty chemistry players such as American Elements push ultra-pure antimony lines that serve semiconductor and defense customers at premium margins. Compliance barriers in Europe and tightening ESG standards favor larger, capital-rich firms able to absorb documentation costs and implement closed-loop waste strategies.
Strategic alliances and offtake agreements are replacing spot deals. Japanese trading houses are co-investing with Central Asian miners to secure forward metal, whereas battery OEMs in India and Indonesia sign multi-year feedstock contracts to derisk project pipelines. Overall, geopolitics and supply-security considerations now shape competitive outcomes as much as traditional cost-curve positioning.
Antimony Industry Leaders
-
Guangxi Huayuan Metal Chemical Co. Ltd
-
Hsikwangshan Twinkling Star Co. Ltd
-
Jiefu Corporation
-
Yiyang City Huachang Antimony Industry Co. Ltd
-
Yunnan Muli Antimony Industry Co. Ltd
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- April 2025: Mandalay Resources and Alkane Resources have announced a merger that will create a stronger mining company focused on gold and antimony. With Mandalay already producing antimony at its Costerfield mine, the deal gives the combined company more financial strength and resources to expand production.
- November 2024: United States Antimony Corporation has expanded its mining presence in Alaska by acquiring 24 additional claims covering 3,840 acres near Stibnite Creek. This acquisition increases the company's total claims in Alaska to 93, spanning 14,880 acres, primarily associated with antimony and other critical minerals.
Research Methodology Framework and Report Scope
Market Definitions and Key Coverage
Our study defines the antimony market as the worldwide production and trade of primary-refined metal together with immediately saleable derivatives, chiefly antimony trioxide, pentoxide, master alloys, and ingots, consumed in flame-retardants, lead-acid batteries, catalysts, ceramics, electronics, and allied industries. Volume is tracked from mine output through refinery gate to the first point of commercial sale, which gives Mordor analysts an auditable chain of custody.
Scope Exclusions: finished downstream goods such as complete batteries, PET resin, or plastic parts that merely contain antimony are left outside the baseline.
Segmentation Overview
- By Type
- Metal Ingot
- Antimony Trioxide
- Antimony Pentoxide
- Alloys
- Other Types
- By Ore type
- Stibnite
- Others
- By Application
- Flame Retardants
- Batteries
- Catalysts
- Ceramics and Glass
- Other Applications
- By End-use Industry
- Plastics and Polymers
- Automotive and Transportation
- Chemicals and Catalysts
- Electronics and Semiconductor
- Energy Storage and Utilities
- Other Industries
- By Geography – Production Analysis
- China
- Russia
- Australia
- Tajikistan
- Bolivia
- Myanmar
- Other Countries
- By Geography – Consumption Analysis
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Rest of Asia-Pacific
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Chile
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of Middle East and Africa
- Asia-Pacific
Detailed Research Methodology and Data Validation
Primary Research
Mordor analysts next conduct structured interviews with smelter operators, battery alloy formulators, commodity traders, and regional safety-regulation experts across Asia-Pacific, Europe, and North America. These conversations validate yield assumptions, price spreads, and substitution trends that secondary data alone cannot reveal, allowing us to close information gaps before final modeling.
Desk Research
We start by mining authoritative public sources such as the United States Geological Survey, UN Comtrade shipment codes, China Non-Ferrous Metals Industry Association releases, European Chemicals Agency notifications, and peer-reviewed journals covering flame-retardant chemistry. Company filings, investor decks, and reputable press are screened to size refinery capacities and follow policy shocks like China's September 2024 quota curb. Paid assets including D&B Hoovers and Dow Jones Factiva help us cross-check ownership, utilization, and trade flows. A great many other references support the background work, even though they are not listed here.
Market-Sizing & Forecasting
A single top-down production and trade reconstruction converts reported mine output, concentrate grades, refinery recovery, and net exports into an annual consumption pool, which is then cross-checked through selective bottom-up roll-ups of sampled smelter capacity and average selling price. Key variables like Chinese export quotas, lead-acid battery manufacturing runs, flame-retardant penetration in building codes, recycling rates, and antimony metal price dispersion feed the base year. Forecasts through 2030 rely on multivariate regression blended with scenario analysis so volume growth aligns with construction activity, automotive battery demand, and regulatory phase-outs of halogenated systems.
Data Validation & Update Cycle
Outputs pass three layers of analyst review, variance tests against independent indicators, and re-contact of sources when anomalies exceed preset thresholds. We refresh every twelve months and issue interim updates after material policy or supply-chain shocks; a final sense check is performed just before client delivery.
Why Mordor's Antimony Baseline Commands Reliability
Published estimates often clash because firms pick different functional scopes, pricing anchors, and refresh cadences. Recognizing this, we tie our baseline to traceable volume metrics and adjust for quota shocks and secondary supply that others overlook.
Key gap drivers include: 1) some studies translate metal flows to revenue using one flat average selling price, 2) others report only flame-retardant demand, and 3) refresh cycles that miss 2024-25 policy swings.
Benchmark comparison
| Market Size | Anonymized source | Primary gap driver |
|---|---|---|
| 98.15 kt (2025) | Mordor Intelligence | |
| USD 2.31 B (2024) | Global Consultancy A | Uses uniform ASPs; does not reconcile Chinese quota volatility or recycled supply volumes |
| USD 1.08 B (2024) | Industry Journal B | Focuses on flame-retardant application only, omitting battery and catalyst demand captured by us |
These comparisons show that when scope, variables, and cadence differ, numbers scatter widely. By grounding every step in transparent volume accounting and routinely updated field intelligence, Mordor Intelligence delivers a dependable starting point for strategic decisions.
Key Questions Answered in the Report
What is the current size of the antimony industry?
The antimony market size stands at 98.15 kilotons for 2025 and is projected to reach 105.76 kilotons by 2030.
Which region consumes the most antimony?
Asia-Pacific dominates demand with 88% of global consumption in 2024 and is also the fastest-growing region at 1.53% CAGR through 2030.
Why did antimony prices surge in late 2024?
China introduced export permits for all antimony products in September 2024, cutting available supply and driving a 40% one-day price increase.
Which application holds the largest market share?
Flame-retardant formulations for plastics, textiles, and coatings lead with 56% of 2024 demand.
How is regulation affecting the antimony market in Europe?
The shift toward halogen-free flame retardants and higher REACH compliance costs are reducing trioxide demand and favoring alternatives in the long term.
Are new antimony mines being developed outside China?
Yes. The Stibnite Mine in Idaho and expanded Alaskan claims illustrate a broader push to diversify supply and reduce reliance on Chinese exports.
Page last updated on:
