Antimony demand forecast rises through 2031 as semiconductors and energy storage expand

Mordor Intelligence projects the global antimony market will grow from 126.99 kilotons in 2025 to 140.27 kilotons by 2031, led by Asia-Pacific. The report points to stronger demand from semiconductors, energy storage and defense, while supply diversification and tighter regulations reshape the market.

Why it matters: - Antimony is gaining strategic importance because demand is rising in semiconductors, energy storage, batteries and defense. - Supply-chain diversification away from China is becoming a priority for buyers and governments. - Stricter environmental rules are pushing the market toward higher-purity and specialty antimony products.

What happened: - Mordor Intelligence estimated the global antimony market at 126.99 kilotons in 2025. - The market is projected to rise to 129.12 kilotons in 2026 and 140.27 kilotons by 2031. - The forecast implies a compound annual growth rate of 1.67%. - The report was released July 6, 2026, from Hyderabad, India. - The report says Asia-Pacific remains the leading regional market.

The details: - Asia-Pacific leads on strong refining capacity and steady demand from plastics, batteries and PET production. - China remains the dominant supplier, even with raw material challenges. - India, Vietnam, Japan and South Korea are adding to regional demand. - North America is expanding domestic supply through new mining and refining projects. - North American demand is tied to semiconductors, defense and energy storage. - Europe is leaning on recycling and sustainable sourcing as regulations tighten. - The Middle East, Africa and South America are increasing production, but their share remains limited. - The report segments the market by product type, ore type, application, end-user industry and geography. - Product types include metal ingot, antimony trioxide, antimony pentoxide, alloys and other products such as granules and single crystals. - Ore types include stibnite and others. - Applications include flame retardants, batteries, ceramics and glass, catalysts and other uses such as semiconductors and defense. - End users include plastics and polymers, automotive and transportation, chemicals and catalysts, electronics and semiconductors, energy storage and utilities, and other industries. - A full report is available here. - Language editions are available in Japanese, French, German, Spanish and Portuguese.

Between the lines: - The forecast shows a slow-growth market, but one with rising strategic relevance. - Utility-scale energy storage is creating new demand through liquid-metal batteries and continued lead-acid use in backup power systems. - PET resin production is still supporting antimony-based catalysts because of cost and efficiency advantages. - Environmental rules and alternative catalyst research may gradually reduce antimony use in premium applications. - Export restrictions and supply limits are increasing price volatility. - That volatility is pushing buyers to diversify sourcing and invest in alternative capacity. - Europe and North America are moving toward halogen-free flame-retardant solutions, which could erode some antimony demand over time. - Mordor Intelligence Senior Research Manager Himanshu Vasisht said market decisions require transparent data, rigorous validation and objective analysis.

What's next: - Market pressure is likely to stay focused on supply resilience, higher-purity products and regional self-sufficiency. - New mining, refining and recycling projects are likely to remain part of the response in North America and Europe. - The report flags ongoing change in defense-related demand and critical-mineral policy. - Recent developments include ODAŞ plans to maximize production from Turkish antimony mining operations in 2025 after a more than fourfold price increase. - In March 2026, the U.S. Department of War announced a $27 million Defense Production Act Title III investment in United States Antimony Corporation to expand extraction, processing and refining in the U.S. - Mordor Intelligence also promotes related market reports on solar photovoltaic, polysilicon and graphite.

The bottom line: - Antimony is becoming less of a niche industrial mineral and more of a strategic supply-chain asset.