DALLAS, June 24, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the antimony trioxide market looks promising with opportunities in the electrical & electronics, building & construction, and packaging industries. The global antimony trioxide market is expected to reach an estimated $1.4 billion by 2024 and is forecast to grow at a CAGR of 3.8% from 2019 to 2024. The major drivers for this market are increasing safety and security measures for smoke and flammability in construction and electrical & electronics industries.
Browse 109 market data tables and 134 figures spread through 205 pages and in-depth TOC on “Global Antimony Trioxide Market" at https://www.lucintel.com/antimony-trioxide-market.aspx
In this market, different types of antimony trioxide such as synergist, fining agent, catalyst, and others are used as function. On the basis of comprehensive research, Lucintel forecasts that synergist will remain the largest segment over the forecast period due to growing demand for halogenated flame retardant in building & construction and electronics market. Lucintel predicts that the catalyst segment is expected to witness the highest growth during the forecast period 2019 to 2024.
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Asia Pacific will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period due to the growing consumption of antimony trioxide in flame retardant and catalyst application over its alternatives such as zinc hydroxystannate, zinc stannates, and zinc borates.
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An emerging trend, which has a direct impact on the dynamics of the antimony trioxide industry, includes the increasing application of ultrafine antimony trioxide. Yiyang Huachang Antimony Industry, AMG Advanced Metallurgical Group, Campine NV, Nihon Seiko., and Jiefu Corporation and others are among the major antimony trioxide manufacturers.
Lucintel has analyzed and forecasted for the global antimony trioxide market by application, function, end use, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Antimony Trioxide Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.
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Brandon Fitzgerald
Lucintel
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