Global Antimony and Antimony Trioxide Market to Reach 169 Thousand Metric Tons by 2010, According to New Report by Global Industry Analysts, Inc.
New regulations and more viable substitutes are major factors responsible for the declining market for antimony. The global antimony and antimony trioxide market is projected to reach 169 thousand metric tons by the year 2010, at a CAGR of over 1.6%.
San Jose, CA (PRWEB) July 26, 2007 -- Antimony trioxide is a major compound used in flame retardant formulations in plastic, textile, paint, and rubber industries. Worldwide antimony market is characterized by slow growth and a significant decline in prices in the past few years. Decline in demand forced several producers to cut down production and diversify their business. Price control measures taken by China, the largest producer of antimony, are likely to show a considerable impact on the market.
China is the leading antimony producer accounting for over 85% of global antimony and antimony trioxide market mine production, as stated by Global Industry Analysts, Inc. Other major producers include South Africa, Bolivia, Russia, Tajikistan, and Kyrgyzstan. Antimony trioxide is a major compound used in flame retardant formulations in plastic, textile, paint and rubber industries. Tajikistan is projected to be the fastest growing region with a CAGR of about 4.5% over the ten-year analysis period. Global antimony demand is primarily derived from the flame retardant sector that consumes 60-65% of the global antimony and 90% of global antimony trioxide produce. Plastics sector in Asia also forms a key consumer of antimony. As much as 80% of the Japanese output of antimony trioxide is consumed by the flame retardant sector. Antimony trioxide demand is forecast to surpass antimony metal demand.
The report titled "Antimony and Antimony Trioxide: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a review of market trends, product overview, competition, product introductions, and recent industry activity. The study also analyzes market data in terms of annual mine production for regions such as China, South Africa, Bolivia, Russia, Kyrgyzstan, Tajikistan, and Rest of World.
Key players dominating the global antimony and antimony trioxide market include Gredmann Group, Hsikwangshan Twinkling Star, Metorex, Nanning Antimony Product Factory, SICA, United States Antimony Corporation, and Xikuangshan Twinkling Star.
For more details about this research report, please visit http://www.strategyr.com/MCP-2627.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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