Antimony Market Share, Size, Trend, Demand, Analysis by Top Leading Player and Forecast Till 2029

The global antimony market size was USD 0.88 billion in 2020. The market is expected to grow from USD 0.94 billion in 2022 to USD 1.4 billion in 2029, exhibiting a CAGR of 6.5% during the forecast period. Significant demand for the element from chemical manufacturing and the rising industrial demand may foster the market’s growth. Fortune Business Insights™ presents this information in its report titled “Antimony Market, 2022-2029.”

Source: https://www.fortunebusinessinsights.com/antimony-market-104295

The rising demand for the chemical from the chemical manufacturing sector may foster the industry's growth. Furthermore, the rising industrial demand for high-quality chemicals may foster its sales. These factors may propel industry growth during the upcoming years.

COVID-19 Impact:

Strict Government Regulations and Labor Unavailability to Fuel Industry Growth

This market is expected to be affected negatively during the COVID-19 pandemic because of strict government regulations and labor unavailability. The sudden spike in COVID cases leads to the imposition of strict government regulations. Furthermore, labor unavailability is expected to hinder manufacturing activities. However, the recommencement of activities and the adoption of reduced labor, part-time shifts, automated production machinery may enable companies to recover costs. These factors may propel the market development during the pandemic.