Vietnam Antimony Ore Market revenue size is projected to grow at a CAGR of 5.3% during 2024-2030F

Stibnite in terms of types, became the dominant category by attaining the highest revenue share in the Vietnam Antimony Ore Market – 6Wresearch

By Type, Stibnite accounted for the highest share in the Vietnamese market due to its prevalence as the primary antimony ore, serving as the main source for antimony production. It is extensively utilized in extracting antimony metal and its compounds, essential for diverse industrial uses such as flame retardants, batteries, and chemical applications.

According to 6Wresearch, Vietnam Antimony Ore Market revenue size is projected to grow at a CAGR of 5.3% during 2024-2030F. The Vietnamese government has been enforcing strict fire safety measures for buildings to reduce the risks associated with flammable materials. For instance, in 2022, the government drafted National Technical Regulation On Fire Safety Of Buildings And Constructions (QCVN 06:2022) to enhance fire safety in buildings across Vietnam. Additionally, QCVN 03:2023/BCA regulation provides technical standards for fire prevention equipment thereby, increasing the demand for flame retardants in these systems. Therefore, rising construction projects and government focus on fire safety would drive the demand for antimony-based flame retardants in building materials as these flame retardants are highly effective at preventing the spread of fire even at high temperatures, thereby increasing the demand for antimony in Vietnam's market.

According to Sachin, Senior Research Analyst, 6Wresearch, plastics by application would be the fastest growing end-use application on account of fire-resistant properties, increased application versatility, enhanced durability and stability, and cost-effectiveness.

Vietnam Antimony Ore Market (2024-2030) report provides an in-depth analysis with 12 figures and 5 tables, covered in 53 pages. The report comprehensively covers the market by type and application. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.

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