Bismuth Market Size 2022
In relation to the fundamental stimulants that mold Bismuth Market Size, an understanding has been provided about the pricing history, volume, value and market share of the product or service. A multitude of potential growth factors, risks, opportunities, constraints, and the threat by new entrants is also mentioned in the report. These dynamics help to get a stronghold of the overall market.
Increasing environmental regulations regarding lead usage in various end-use industries would drive demand for bismuth and bismuth derived compounds. Stringent regulations and initiatives by leading manufacturers in end-use industries to phase out lead production is expected to spur Bismuth Market Size growth. Major paints & coatings manufacturers such as BASF SE and PPG Inc. are actively offering bismuth-based products replacing their lead based portfolio, in order to provide environmentally-friendly product offerings.
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China is a significant consumer, producer, and exporter of bismuth, and it is expected that in the near future, China will continue to dominate the world market. Consumption in the area is expected to be driven by the increased usage of bismuth oxide in expanding manufacturing industries. Further market expansion is anticipated to be driven by the rapidly expanding vehicle end-use industry.
The Bismuth Market Size in APAC is anticipated to witness higher growth rates due to increasing manufacturing activities in China and India. Demand in Europe is also anticipated to be above average due to stringent lead restricting directives in the region, while demand in North America, Latin America, and MEA is expected to be moderate. Declining lead production due to regulations and declining consumption of lead-acid batteries is anticipated to be a major restricting factor for the global market. The increasing use of bismuth alternatives in pharmaceuticals and alloys is also a major obstacle to market growth.
Key Companies-
- Hunan Jinwang Bismuth Industry Co. Ltd
- Hunan Bismuth Co. Ltd
- Hunan Shizhuyuan Nonferrous Metals Co., Ltd.
- Hunan Huaxin Rare & Precious Metals Technologies Co., Ltd.
- Hunan YuTeng Nonferrous Metals Co., Ltd.
- Nui Phao Mining Company Limited
- Met-Mex Peñoles, SA de CV
- 5N Plus Inc.
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On the basis of regions, the global Bismuth Market Size is segmented into key regions, namely, North America, Latin America, Europe, APAC, Middle East and Africa. Asia Pacific is anticipated to be the dominating market in terms of value and volume, over the forecast period.
PMR Long-term Outlook on Global Bismuth Market Size: The global Bismuth Market Size is expected to reach US$ 400.0 Mn expanding at a CAGR of 6.7% during the forecast period (2016–2024). Asia Pacific is anticipated to be the largest market for bismuth, with a market share of 46% in overall sales by the end of 2024.
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Key Questions Answered in This Report.
What are the Roadblocks for Bismuth Suppliers?
What are the Key Opportunities for Bismuth Manufacturers?
How is Focus on Safety Influencing Bismuth Demand?
What is the Regulatory Impact on Global Sales of Bismuth?
Which Region Offers the Largest Opportunity for Sales of Bismuth?
Where Does the U.S. Stand in the Market for Bismuth?
What Is the Outlook for Bismuth Manufacturers in China?
Why is Germany a Lucrative Market for Bismuth Manufacturers?
Why Will Belgium Outpace Other European Markets for Bismuth?
Why is There High Demand for Tires in Bismuth?
Why are Sales of Bismuth Surging?
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