Bismuth Market – Global Industry Analysis and Forecast (2024-2030)

Bismuth Market was valued at US$ 0.11 Bn. in 2023. The Global Bismuth Market size is expected to grow at a CAGR of 6.9 % through the forecast period.
Bismuth Market Overview:
It is a naturally occurring diamagnetic substance that is known to exist. Heavy metal bismuth has many traits in common with lead. It can be found in the minerals bismite or bismuthine and is used in a variety of industries. It is utilized in the automotive and electrical industries as well as other commercial uses, including the use of cosmetics. This is a product of pharmaceuticals that are used by the majority of pharmaceutical firms. Gastric ulcers, burns, and diarrhea are all treated with bismuth compounds by pharmaceutical companies.To know about the Research Methodology :- Request Free Sample Report

2023 is considered as a base year to forecast the market from 2024 to 2030. 2023’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2030. 2023 is a year of exception and analysis, especially with the impact of lockdown by region.

COVID-19 Impact

Covid 19 has a significant impact on Bismuth businesses. The multinational corporate environment, procedure, and way of life are all altered. The pandemic caused a decline in the market and significant losses for the business owners. The government halted regions and industries as a result of the virus's spread, and a closure and quarantine order was also issued, which had a detrimental effect on the market. Many companies utilize bismuth to process other materials, but during the pandemic, production and manufacture were halted, which affected the bismuth market. As a result, the availability of raw materials decreased as well. Due to the environment, experts were also unavailable. During the period, it is anticipated that the bismuth market share would increase.
Bismuth Market Dynamics:
Drivers: The segment is likely to grow since bismuth is increasingly used in the automotive sector to protect brake linings, rust-resistant coatings, etc. The improvement in bismuth demand will slow the market's growth during the period. As bismuth is also removed from tungsten and is obtained as a byproduct when the lead is processed, the market growth for tungsten will increase. The demand for bismuth, which is widely utilized in the products and gives them an iridescent aspect, is growing daily as a result of the increased demand for cosmetics.

Most commonly, it is utilized in powered items, and talc, additionally, a large % of women utilize cosmetics, which raises the value of the bismuth market. Social media has received a lot of attention recently. As beauty standards rise and more individuals choose cosmetics and makeup goods, the sectors are investing in social media influencers, which has a positive impact on the market. The massive following of beauty and cosmetic celebrities on social media is the most obvious factor.

Market Challenges: The human body might suffer several negative effects from the use of bismuth. Both the interior and outward aspects of the body may be affected. This can harm the organ system and have an impact on consumption. Additionally, utilizing bismuth-containing cosmetics might cause skin rashes, black lines, anemia, and other problems with the skin. The market must overcome all of these negative consequences and problems if it is to expand throughout the expected period.

Market Restraints: The market has been held back by the restriction on bismuth use due to the abundance of affordable substitutes, such as magnesia, antibiotics, etc., there is a severe shortage of bismuth, which makes it difficult to produce and manufacture goods. Because of the metal's restricted availability and high processing costs, the market's growth is hampered. Bismuth utilization is constrained in the pharmaceutical business, which restrains market growth during the period. The use of bismuth is being strictly regulated by the government due to environmental concerns, which has resulted in the cessation of bismuth smelting for a variety of reasons. Moreover, human organ harm from bismuth ingestion can occur.

Market Opportunities: It is expected that growing the usage of bismuth in battery systems will open up a variety of market prospects. The market for bismuth is expected to experience major growth due to the material's increasing application in cooling and power generating systems as a thermoelectric material. The market has plenty of room to develop and will expand rapidly throughout the period due to the increased use of bismuth in numerous refrigerator systems and the power generation process. The usage of bismuth is widespread in many commodities, and the use of bismuth in cosmetics is creating lucrative market growth.
Bismuth Market Segment Analysis:
Based on Type

Bismuth Nitrate: Bismuth nitrate is a salt. It contains the heavy metal bismuth. As a pigment, bismuth nitrate is utilized in cosmetics. It is the main component in the majority of powders that are referred to as "mineral cosmetics," also known as synthetic pearl. use of bismuth nitrate for treating ulcer-causing digestive tract infections (Helicobacter pylori or H. pylori), kidney damage brought on by cancer medications, or bone marrow damage brought on by radiation.

bismuth oxychloride: it is natural and superior to talc on the skin. In reality, talc is a more pure, natural, and unadulterated substance than bismuth oxychloride in many aspects.Bismuth, a by-product of the refining of lead and copper metals, is combined with chloride (a chlorine compound), water, and oxygen to create bismuth oxychloride, a substance that is rarely seen in nature. Its distinctive shimmering, iridescent appearance and fine, powdery texture, which clings nicely to the skin, make it a good choice for cosmetics. Talc is less dense than bismuth oxychloride. The natural greyish-white powder in the form of pure bismuth. As skin protectors, thickeners, and absorbent agents, it and its derivatives are employed.

Based On Application:

Pharmaceutical in pharmaceutical bismuth subsalicylate is utilized for the treatment of diarrhea heartburn, and upset stomach in adults and children 12 years of age and older Antidiarrheal agents are a class of drugs that includes bismuth subsalicylate. It functions by reducing the flow of electrolytes and fluids into the gut, reducing intestinal irritation, and possibly eradicating the organisms that might cause diarrhea. A liquid, pill, or chewable form of bismuth subsalicylate is available for oral administration with or without food.

It functions by helping in the sluggish growth of germs that could be the source of diarrhea. When treating diarrhea on your own, avoid using this medicine if you also have a fever or blood or mucus in your stools. These might signal a major medical condition. If you experience any of these symptoms, call your doctor right away for a correct diagnosis and course of action. To treat stomach ulcers brought on by a specific bacteria, this medicine is taken in conjunction with other medications as prescribed by a doctor (Helicobacter pylori). Use of this drug for ulcer self-treatment is not advised. A salicylate is bismuth subsalicylate. When administered by themselves, salicylates can seriously impair people with ulcers' ability to bleed. It's possible that the manufacturer changed the ingredients. Additionally, items with identical names may contain various substances with various functions.
Bismuth Market Regional Insights:
The Asia Pacific region dominated the market with a 42 % share in 2023. The Asia Pacific is expected to hold the biggest market share Due to the rising demand for bismuth in the pharmaceutical, electronics, and expanding transportation sectors in the area and is likely to maintain its dominance in the market throughout the period. Additionally, the abrupt switch from lead-based machine steel to bismuth machine steel in key locations and the region's expanding cosmetic market both drive the demand in the area. Rapid urbanization and ongoing industrialization are further market development drivers. The pharmaceutical and cosmetics industries are expanding in North America and Europe, which accelerates sales growth. And they make a significant contribution to the market.

The objective of the report is to present a comprehensive analysis of the global Bismuth Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Bismuth Market dynamic, and structure by analyzing the market segments and projecting the Bismuth Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Bismuth Market make the report investor’s guide.
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Global Bismuth Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023 :
US$ 0.11 Bn.


Forecast Period 2024 to 2030 CAGR:
6.9%
Market Size in 2030 :
US$ 0.18 Bn.


 Segments Covered:
by Type
Bismuth Nitrate
Oxychloride
Aluminate
Sub carbonate


by Application
Pharmaceutical
Cosmetics & Pigments
Electronics
Automotive



Bismuth Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Bismuth Market Key Players
1. 5N Plus (Canada)
2. Omkar Speciality Chemicals Ltd. (India)
3. Merck KGaA (Germany)
4. Hunan Jinwang Bismuth Industry Co.
5. Ltd (Hong Kong)
6. Peñoles (Mexico)
7. Nui Phao Mining Joint Venture Co. Ltd (Vietnam)
8. Fortune Minerals Ltd (Canada)
9. Xianyang Jump Hua Bismuth Industry Co., LTD (China)
10. Zhuzhou Keneng New Material Co., Ltd. (China)
11. Western Minmetals (SC) Corporation (China)
12. SHENZHEN CMACHINERYCO., LTD (China)

Frequently Asked Questions:

1] What segments are covered in the Global Market report?
Ans. The segments covered in the Global Market report are based on Product Type and application.

2] Which region is expected to hold the highest share in the Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Market.

3] What is the market size of the Market by 2030?
Ans. The market size of the Market by 2030 is expected to reach US0.18 Bn.

4] What is the forecast period for the Global Market?
Ans. The forecast period for the Global Market is 2024-2030.

5] What was the market size of the Global Market in 2023?
Ans. The market size of the Global Market in 2023 was valued at US$ 0.11 Bn.