South Korea Recycled Antimony Market was valued at USD 0.05 Billion in 2022 and is projected to reach USD 0.12 Billion by 2030, growing at a CAGR of 15% from 2024 to 2030.
The South Korea Recycled Antimony Market has been growing rapidly, driven by a rising demand for environmentally-friendly and cost-effective solutions in various industries. Antimony, a critical metal used in electronics, batteries, and flame retardants, has long been considered a valuable resource. However, the need for sustainable practices has pushed companies to focus on recycling, rather than relying solely on mining. This shift has opened new opportunities for both businesses and consumers, creating an emerging market for recycled antimony.
One of the major applications of recycled antimony in South Korea is in the production of lithium-ion batteries. As electric vehicles and renewable energy systems gain popularity, the demand for these batteries has soared. Antimony is used in small quantities within these batteries to enhance performance and improve their lifespan. By recycling antimony, manufacturers can not only reduce the environmental impact of mining but also lower the costs of battery production, making it a win-win situation for both the industry and consumers.
Furthermore, recycled antimony is crucial in the production of flame retardants, a key component in many electronics and construction materials. Flame retardants help prevent fires and improve safety in various applications, including wires, cables, and upholstery. With increasing regulatory pressures to adopt more sustainable practices, industries in South Korea are turning to recycled antimony to meet safety standards while reducing their carbon footprint.
South Korea's recycling infrastructure has been improving, supported by both government incentives and the private sector's commitment to sustainability. These developments are key to establishing a robust recycled antimony supply chain, which is expected to meet the growing demand from industries such as electronics, automotive, and construction. As the global focus shifts toward more circular economic practices, South Korea’s role in the recycled antimony market is expected to expand even further.
In conclusion, the South Korea Recycled Antimony Market represents an exciting opportunity for industries to reduce costs, improve product performance, and contribute to a more sustainable future. As the demand for antimony continues to grow, the role of recycling will become even more crucial in meeting the needs of various sectors, ensuring both economic and environmental benefits.
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Aurubis
DOWA HOLDINGS Co.
Ltd
Campine
Globe Metal
JX Nippon Mining & Metals Corporation
AMG Advanced Metallurgical Group
Korea Zinc Co. Ltd
Umicore
Tri-Star Resources PLC
United States Antimony Corp
Huachang Antimony
Yunnan Muli Antimony Industry Co. Ltd
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Recycled Antimony Market
Electronics
Automotive Components
Glass Manufacturing
Flame Retardants
Other Industrial Applications
Scrap from Electronics Manufacturing
Battery Recycling
Glass and Ceramics Waste
Post-Consumer Recycled Materials
Granules
Powder
Lumps
Pellets
Consumer Electronics
Aerospace
Construction
Textile Industry
Pharmaceuticals
Hydrometallurgical Processes
Pyrometallurgical Processes
Chemical Recycling
Physical Recycling Techniques
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Recycled Antimony Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Recycled Antimony Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Recycled Antimony Market, By Type
6. South Korea Recycled Antimony Market, By Application
7. South Korea Recycled Antimony Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Recycled Antimony Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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