Antimony Trichloride Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2023
“Rapid surge in the market is credited to the increasing use of antimony trichloride as a mordant during polymerization, hydrocracking, and chlorination reactions. Growing adoption of antimony trichloride for manufacturing several antimony salts is expected to drive the growth of antimony trichloride over the forecast period.�
The global antimony trichloride market is expected to display higher growth rate in the upcoming years. Rapid surge in the market is credited to the increasing use of antimony trichloride as a mordant during polymerization, hydrocracking, and chlorination reactions. Growing adoption of antimony trichloride for manufacturing several antimony salts is expected to drive the growth of antimony trichloride over the forecast period. Globally, antimony trichloride market is predicted to generate massive revenue over the forthcoming period, providing numerous opportunities for industry participants to invest in research and development of antimony trichlorides. Increasing demand for antimony from numerous end-user industries like plastic is anticipated to boost market value over the forecast period. Furthermore, macroeconomic factors such as strong economic growth and purchase power difference, particularly in the Asia Pacific region are predicted to fuel market demand in the upcoming years. However, constant exposure to antimony can cause serious health hazards such as breathing disorders, skin irritation, and lung cancer. Use of antimony salts in various industrial application require implementation of advanced safety feature. Antimony salts can cause several environmental hazards as well. These factor are expected to restrain market growth to a certain extent. Substantial increase in number of regulations to regulate antimony consumption is limiting market demand over the past few years. Yet, growing demand for antimony trichloride as an analytical reagent for chloral, aromatics, and vitamin A is expected to favor market growth over the coming years. In addition, several potential application of antimony for production of lewis acid catalyst in synthetic organic transformation is further fostering market expansion.