Significant Growth Foreseen by Antimony Trioxide Market During 2020
Antimony
trioxide is the one of the major compounds of antimony. Antimony
oxide is mainly produced by two ways either by oxidation of antimony
or by the process of re-volatilizing of crude antimony trioxide. The
method of production is mainly dependent on the composition of ores.
Antimony trioxide has the ability to react both as acid as well as
base making it suitable in various end user applications. Antimony
trioxide reacts with mineral acids to give the corresponding salts.
The major applications of antimony trioxide include flame retardants,
polymerization catalyst in manufacturing of PET, as an additive in
brake linings of automobiles and to certain extent as a coating for
certain grades in titanium dioxide pigments.
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The
flame retardant application of antimony trioxide is expected to
dominate the market for antimony trioxide. Countries such as China,
Russia, South Africa and Kyrgyzstan are the major producers for
antimony trioxide. The major consumers for antimony trioxide are
developed regions especially Europe and the U.S. With growth in flame
retardant market across the globe the market for antimony trioxide
also expects a positive trend in next few years.
The
antimony trioxide has limited self fire-retardant properties. However
antimony trioxide acts as an effective synergist for halogenated
compounds or polymers containing halogens. The other major
application for antimony trioxide is flame retardant in plastics and
rubber. These flame retardant plastics are chiefly used in
electronics applications. As the processing of antimony trioxide with
plastics do not require any specialized treatment, majority of
electronic companies prefer such treated plastics for electronic end
products. The growth of electronic sector especially in personal
computers, LCD monitors, printers or house hold television sets will
act as a major boost for antimony trioxide market. Moreover, the
market for cables and insulations will aid the market for antimony
trioxide further growth. The flame retardant rubber is used in coal
mines area where there is a high probability of fire exposure. The
antimony trioxide is also used in flame retardant textiles, which are
used in protective clothing, mats and curtains. The other
applications include opacifying agent for glass and in manufacturing
of complex organic pigments. However, due to availability for better
products in these applications it limits the scope for antimony
trioxide for these sectors. Antimony trioxide is also used as a
catalyst in manufacturing polyethylene terephthalate (PET).
As
the demand of antimony trioxide is based on its flame retardant
application, the growth in flame retardant market will advance the
need for antimony trioxide. The increase in electronics industry in
developing and developed nations is anticipated to be the greatest
end user industry for antimony trioxide. The developing nations
across Asia Pacific and RoW are expected to be the fastest growing
market for antimony trioxide in the next six years. Moreover, due to
the rapid economic development of these countries and increased
disposable income of the citizens of these countries has led to
further magnification of the total customer base in these countries
for applications in electronic consumables and house hold electronic
products. The augmentation of electronic sector especially in
personal computers, LCD monitors, and other electronic equipments in
developed regions will help the market of antimony trioxide to
flourish further. As antimony trioxide is used as a catalyst in PET
manufacturing, the demand for PET in bottles and containers across
globe will aid the market for antimony trioxide to certain extent.
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Some
of the key players in the antimony trioxide market include
Sherwin-Williams Company, Almatis GmbH, Minmetals and Great Lakes
Chemical Corporation among others.
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