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
·
Packaging
·
Others
By Function [Volume (Kilotons) and $M shipment
analysis from 2013 to 2024]:
·
Synergist
·
Catalyst
·
Fining Agent
·
Others
By Application [Volume (Kilotons) and $M
shipment analysis from 2013 to 2024]:
·
Plastic
·
Textile
·
Rubber
·
Glass
·
Others
By Region [Volume (Kilotons) and $M shipment analysis
from 2013 to 2024]:
·
North America
·
Europe
·
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 helpdesk@lucintel.com. Lucintel offerings include chemical
market research reports, chemical
industry analysis report, commercial due diligence
report, business
strategy consulting and market
research reports online.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
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?
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