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Bismuth Oxychloride Market | Geotech International B.V, BASF SE, Satyam Pharma-Chem Pvt. Ltd., Uni-Powder, Zhonglan Industry Co., Ltd.
Bismuth Oxychloride Market
According to a report titled 'The Pharmaceutical Industry and Global Health' published by the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) in 2017, the global pharmaceutical industry is projected to reach US$ 1,430 billion by 2020. Therefore, growth of end-use industries is expected to drive growth of the global bismuth oxychloride market.
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Detailed Segmentation:
Global Bismuth Oxychloride Market, By Product Type:
Industrial Grade
Cosmetics & Pharmaceutical Grade
Global Bismuth Oxychloride Market, By End-use Industry:
Cosmetics
Automotive
Pharmaceutical
Others
Key players are focused on development of cosmetic products that can offer enhanced properties such as better smoothness and whiteness. This in turn is expected to boot demand for bismuth oxychloride. Moreover, key players are also focused on developing hybrid powder technology, in order to offer efficient formulation for cosmetic products providing number of benefits such as UV-stable pigment technology, good adhesion, and extended wear with a soft satin finish.
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However, bismuth, which is the major raw material required for bismuth oxychloride manufacturing, is a by-product of lead, tin, or copper, extraction process, and is then purified. Purified bismuth is chlorinated to form the pigment bismuth oxychloride, which may contain toxic impurities such as lead that could enter product formulations, in which bismuth oxychloride is used as an additive. As a result, government regulatory authorities have set strict regulations on impurities present in bismuth oxychloride.
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