The bismuth market is a niche market for the chemical element bismuth, which is a white, brittle metal with a pinkish tinge. Bismuth is commonly used as an alloying agent in the production of lead-free solders, as well as in the production of cosmetics and pharmaceuticals. Demand for bismuth is largely driven by its use in the manufacturing of these products, and the market is expected to continue growing as demand for lead-free solders and environmentally-friendly products increases.
By the end of 2026, the global bismuth market is anticipated to generate revenues of around $450 million, expanding at a CAGR of 6.2%. (2021 to 2026).
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Bismuth is widely used in “pharmaceuticals,” where it is sold under the trade name Pepto-Bismol as a digestive aid. In addition, bismuth is used in fusible alloys, industrial pigments, colour cosmetics, and industrial pigments. Small amounts of bismuth are used in the majority of bismuth applications.
Moreover, bismuth compounds, which are generated from bismuth, are used in end-user chemical industries like cosmetics, drugs, and industrial pigments. The most common derivatives of bismuth metals are bismuth oxides, nitrates, bismuth salicylate, and bismuth oxychloride.
Bismuth vanadate, bismuth sulphides, and bismuth acetate are further derivatives of the element bismuth. The most prominent derivatives of bismuth are bismuth oxides and bismuth nitrates, which are typically employed as sources of bismuth to create a variety of high purity bismuth compounds.
Key Players-
- 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, S.A. de C.V.
- 5N Plus Inc.
- Other
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Bismuth Market Segmentation –
Bismuth Market by derivative
- Oxides
- Nitrates
- Metals
- Bismuth Salicylate
- Bismuth Oxychloride
- Others
Bismuth Market by application
- Pharmaceuticals
- Cosmetics
- Industrial Pigments
- Metallurgical Additives
- Fusible Alloys
- Others
Bismuth Market by Regionally
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
The bismuth market 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.
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Key Questions Answered in This Report –
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