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Bismuth Market: The applications covered in the study include metallurgical additives, pharmaceuticals & chemicals, fusible alloys, solders & ammo, and others. Country wise, the market is analyzed across China, Mexico, Canada, Bolivia, Russia, Vietnam, an

Bismuth Market: The applications covered in the study include

According to a new report published by Progressive Markets, titled, Bismuth Market by Application: Global Opportunity Analysis and Industry Forecast, 20122017, the global bismuth market was valued at $210 million in 2017.

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Bismuth is a white, crystalline, brittle metal with a prominent characteristic of diamagnetism, which is the strongest among all other metals. Bismite and bismuthimite are the two major ores of bismuth. Bismuth is majorly found in Mexico, Japan, Bolivia, Peru, and Canada.

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The applications of bismuth include use of bismuth alloy for fire detection & suppression system safety device as well as in solder, cosmetics, medicines, and medical procedures. In the recent years, replacement of lead by bismuth metal due to the formers toxicity fueled the growth of the global bismuth market.

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Based on application, the bismuth market is segmented into metallurgical additives, pharmaceuticals & chemicals, fusible alloys, solders & ammo, and others. Among these, metallurgical additives segment accounted for four-fifths of total market share in 2012, and reached three-sevenths share in 2017. This is attributed to the fact that bismuth is widely used as a metallurgical additive in manufacturing aluminum, iron, and steel.

The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.

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