Global Antimony Market

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Global Antimony Market
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According to BlueWeave Consulting, the
global Antimony market has reached USD 2.14
Billion in 2019 and estimated to reach USD 3.251
Billion in 2026 and anticipated to grow by CAGR
of 6.27 during the forecast period
2020-2026. The rising demand for electric
vehicles during the forecast period expected to
drive the demand for Antimony in the global
market with the lucrative growth rate. The
increasing trend interest in electric vehicles
is due to expanding natural concerns and the
spotlight on lowering fuel usebesides,
increasing demand for environment-friendly
vehicles. Diseases caused by air and water
pollution are epidemic among minorities creating
demand witness growth of EV in upcoming years.
Lead-acid batteries structure an essential piece
of electric vehicles and generally use Antimony
in these batteries. Stringent legal frameworks
and industry standards strongly influence the
production of flame retardants. Fire safety
regulations are becoming strict around the globe,
leading to innovative flame retardants being
developed. Fire safety regulations vary across
regions, depending on the corresponding national
health and environmental safety regulations.
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Increasing Usage in Fiberglass Composites
Application contributing to a significant growth
rate in global antimony market during the
forecast period In current trend antimony used as
an additive to fiberglass composites, these
compounds are added directly to the resin and
spread through standard mixing machines. Resin
combined with Antimony often stirred to keep the
products well balanced. Antimony is commonly used
because of its properties, which are better
heat-resistant and chemical-resistant. The market
for fiberglass composites is expected to grow at
a fast pace and indirectly drive the growth trend
of the antimony market across the globe.
Composites are rapidly replacing all conventional
materials in many applications, such as
aerospace, automobiles, construction, electrical,
and electronics, due to their high strength, low
cost, easy processability, and availability in
various forms and shapes with excellent
aesthetics. Read morehttps//www.blueweaveconsul
ting.com/antimony-market-bwc19431