However, the recommencement of activities and the adoption of reduced labor, part-time shifts, automated production machinery may enable companies to recover costs. Furthermore, labor unavailability is expected to hinder manufacturing activities. The sudden spike in COVID cases leads to the imposition of strict government regulations. This market is expected to be affected negatively during the COVID-19 pandemic because of strict government regulations and labor unavailability. Strict Government Regulations and Labor Unavailability to Fuel Industry Growth Suzuhiro Chemical & Materials (Ibaraki, Japan).NYACOL Nano Technologies (Massachusetts.Mandalay Resources Ltd (Toronto, Canada).Lambert Metals International (Bushey, U.K.).United States Antimony Corp (Montana, U.S.).Huachang Antimony Industry (Yiyang, China).List of Key Players Profiled in the Antimony Market Report These factors may propel industry growth during the upcoming years. Furthermore, the rising industrial demand for high-quality chemicals may foster its sales.
The rising demand for the chemical from the chemical manufacturing sector may foster the industry's growth.
It is used to harden lead alloys in pyrotechnics, semiconductor technology, sheet and pipe, collapsible tubes and foil, solder, bearing metal, type metal, storage cables and batteries, and solder. It is an extremely rare element in the earth’s crust. Fortune Business Insights™ presents this information in its report titled “ Antimony Market, 2022-2029.”Īntimony (Sb) is a silver-grey chemical element with a glossy and silky surface. Significant demand for the element from chemical manufacturing and the rising industrial demand may foster the market’s growth. 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. Pune, India, Ap(GLOBE NEWSWIRE) - The global antimony market size was USD 0.88 billion in 2020.
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