| Product Code: ETC087043 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India`s antimony import market in 2024 saw a significant increase in concentration, with top exporting countries being Thailand, Vietnam, Oman, China, and Myanmar. The market concentration, as measured by the HHI, transitioned from high in 2023 to very high in 2024, indicating a more consolidated market landscape. The impressive compound annual growth rate (CAGR) of 46.0% from 2020 to 2024 highlights the growing demand for antimony in India. Moreover, the remarkable growth rate of 61.21% from 2023 to 2024 indicates a surge in import shipments, showcasing the evolving dynamics of the Indian antimony market.

The India antimony market is expected to grow at a CAGR of 5.7 % over the forecast period. Growing demand from the automotive, construction and electronics sectors are some of the major factors driving growth in India antimony market. Additionally, increasing use of antimony alloys for fire retardancy applications will further add to market growth during this period.
India Antimony Market drivers include increased demand from end-use industries such as electronics and automotive, growing investments in infrastructure and construction projects, government initiatives to promote the use of antimony in various applications, increasing awareness about its usage and benefits among industrial users, rising disposable incomes leading to higher consumer spending on consumer durables and automobiles. India is also a major producer of antimony ore which further fuels the market growth. Additionally, technological advancements are driving innovation in products utilizing antimony thus further allowing for increased competition within the industry.
However, availability of substitutes such as beryllium and manganese can act as a restrain on growth. Increasing cost due to higher taxes imposed by government could also impact industry performance in near future.
Some key players operating in India Antimony Market include Hindustan Copper Ltd., Bharat Aluminium Company Ltd., Fomento Resources Pvt Ltd., Ganges Alloys & Metals Pvt Ltd., Jindal Stainless Steelway Limited and Usha Martin Limited among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Antimony Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Antimony Market Revenues & Volume, 2021 & 2031F |
3.3 India Antimony Market - Industry Life Cycle |
3.4 India Antimony Market - Porter's Five Forces |
3.5 India Antimony Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Antimony Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Antimony Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from the automotive industry for antimony as a flame retardant. |
4.2.2 Growing electronics industry driving the demand for antimony in semiconductors and batteries. |
4.2.3 Rising investments in infrastructure projects leading to higher consumption of antimony in construction materials. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of antimony due to supply-demand imbalances. |
4.3.2 Stringent environmental regulations impacting the production and usage of antimony. |
4.3.3 Competition from substitute materials affecting the market growth. |
5 India Antimony Market Trends |
6 India Antimony Market, By Types |
6.1 India Antimony Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Antimony Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Antimony Market Revenues & Volume, By Metal Ingot, 2021-2031F |
6.1.4 India Antimony Market Revenues & Volume, By Antimony Trioxide, 2021-2031F |
6.1.5 India Antimony Market Revenues & Volume, By Antimony Pentoxide, 2021-2031F |
6.1.6 India Antimony Market Revenues & Volume, By Alloys, 2021-2031F |
6.1.7 India Antimony Market Revenues & Volume, By Other, 2021-2031F |
6.2 India Antimony Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Antimony Market Revenues & Volume, By Flame Retardant, 2021-2031F |
6.2.3 India Antimony Market Revenues & Volume, By Lead Acid Batteries, 2021-2031F |
6.2.4 India Antimony Market Revenues & Volume, By Alloy Strengthening Agent, 2021-2031F |
6.2.5 India Antimony Market Revenues & Volume, By Fiberglass Composites, 2021-2031F |
6.2.6 India Antimony Market Revenues & Volume, By Catalyst, 2021-2031F |
6.2.7 India Antimony Market Revenues & Volume, By Other, 2021-2031F |
7 India Antimony Market Import-Export Trade Statistics |
7.1 India Antimony Market Export to Major Countries |
7.2 India Antimony Market Imports from Major Countries |
8 India Antimony Market Key Performance Indicators |
8.1 Average selling price of antimony in the Indian market. |
8.2 Number of new product developments or innovations in antimony applications. |
8.3 Percentage of antimony recycling or reuse initiatives in the market. |
9 India Antimony Market - Opportunity Assessment |
9.1 India Antimony Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Antimony Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Antimony Market - Competitive Landscape |
10.1 India Antimony Market Revenue Share, By Companies, 2024 |
10.2 India Antimony Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
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