openPR Logo
Press release

Bismuth Market Projections Hit US$ 792.38 Million by 2033

03-04-2024 02:44 PM CET | Chemicals & Materials

Press release from: Fact.MR

Bismuth Market

Bismuth Market

Bismuth Market Projections Hit US$ 792.38 Million by 2033

Based on an extensive analysis conducted by Fact.MR, the global bismuth market reached a valuation of US$ 380.90 million in 2023

๐—š๐—ฒ๐˜ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—–๐—ผ๐—ฝ๐˜†:

ย Projections suggest a steady growth trajectory with a forecasted compound annual growth rate (CAGR) of 7.6%, potentially culminating in a market size of US$ 792.38 million by 2033.

Bismuth, characterized by its atomic number 83 and symbol Bi, exists as a naturally occurring free element. Possessing a brittle, silvery-white appearance, it finds its place within Group 15 of the periodic table, alongside elements like nitrogen, phosphorus, arsenic, antimony, and moscovium, thereby being classified as a post-transition metal.

One of the distinctive features of bismuth lies in its physical properties. With a relatively low melting point of 271.4 degrees Celsius (520.5 degrees Fahrenheit), it exhibits an unusual characteristic of expansion upon solidification, a trait uncommon among metals. This unique behavior enables the formation of intricate and colorful crystals when transitioning from a molten state to a solid state.

Although natural reservoirs of bismuth are not abundant within the Earth's crust, it is commonly obtained as a byproduct during the refinement processes of lead, tungsten, molybdenum, copper, tin, silver, and gold. Its versatile nature lends itself to a variety of industrial applications. Bismuth alloys play a crucial role in the production of low-melting-point solders, fusible alloys, and fire suppression systems. Additionally, bismuth compounds find utility in cosmetics, pharmaceuticals, and as catalysts in specific chemical reactions.

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ž๐—ฒ๐˜† ๐——๐—ฟ๐—ถ๐˜ƒ๐—ฒ๐˜€:

Increasing Demand in Pharmaceuticals: Bismuth compounds are widely used in pharmaceuticals for treating gastrointestinal disorders like peptic ulcers. The growing prevalence of these conditions globally is driving the demand for bismuth compounds.

Expanding Applications in Electronics: Bismuth is utilized in the manufacturing of low-melting-point alloys, which find applications in electronics, particularly in soldering. With the continuous advancement in electronic devices and components, the demand for bismuth-based alloys is expected to surge.

Rising Adoption in Cosmetics: Bismuth oxychloride is extensively used in cosmetics, especially in products like foundation, eyeshadow, and blush, due to its pearlescent properties. The cosmetics industry is witnessing steady growth, particularly in emerging markets, thereby boosting the demand for bismuth compounds.

Growing Environmental Concerns: Bismuth compounds are being increasingly preferred over lead-based alternatives in various applications due to environmental regulations and consumer preferences for eco-friendly materials. This shift towards bismuth-based products is likely to continue as sustainability concerns become more prominent.

Exploration of New Applications: Ongoing research and development activities are exploring new applications for bismuth, such as in renewable energy technologies like solar cells and thermoelectric materials. These emerging applications present significant growth opportunities for the bismuth market.

๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ข๐˜‚๐˜๐—น๐—ผ๐—ผ๐—ธ:

The future outlook for the bismuth market appears promising, driven by several factors. Continued advancements in technology are expected to fuel the demand for bismuth-based alloys in the electronics industry. Additionally, the pharmaceutical and cosmetics sectors are projected to remain key consumers of bismuth compounds, driven by the increasing prevalence of gastrointestinal disorders and the growing beauty and personal care industry.

Furthermore, with a greater emphasis on sustainability and environmental regulations, bismuth is likely to gain further traction as a safer alternative to lead in various applications. The exploration of new applications, particularly in renewable energy technologies, also presents exciting prospects for market expansion.

Overall, the bismuth market is poised for steady growth in the foreseeable future, driven by diverse end-use industries and the evolving regulatory landscape favoring environmentally friendly materials. However, fluctuations in raw material prices and geopolitical factors could pose challenges to market participants, necessitating strategic planning and adaptability to navigate potential uncertainties.

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—™๐—ผ๐—ฟ ๐—™๐—ฅ๐—˜๐—˜ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ž๐—ฒ๐˜† ๐—ฃ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€:

5N Plus
Xianyang Yuehua Bismuth Co., Ltd.
Industrias Peรฑoles
Merck KGaA
Geotech International B.V.
Hunan Jinwang Bismuth Industry Co. Ltd
Nui Phao Mining Joint Venture Co.Ltd
Fortune Minerals Ltd
Western Minmetals (SC) Corporation
Shenzhen Chinary Co. Ltd

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ:

Major players within the bismuth market are prioritizing continuous advancements in product development and research endeavors to introduce cutting-edge bismuth compounds, thereby ensuring a competitive edge. This entails the creation of unique formulations with heightened properties and superior effectiveness.

Strategic collaborations with fellow pharmaceutical firms, research bodies, and healthcare entities have become integral to the operations of leading bismuth manufacturers. Such alliances facilitate the exchange of knowledge, pooling of resources, and collaborative research initiatives, all aimed at expediting product innovation and market expansion.

In March 2022, Viavi Solutions and OFS unveiled a significant partnership focusing on a test and measurement-oriented amplifier. This amplifier is built upon a novel OFS bismuth-doped fiber, manufactured in substantial quantities to meet the escalating demand for 400GbE and 800GbE test applications worldwide.

๐—•๐—ฟ๐—ผ๐˜„๐˜€๐—ฒ ๐—™๐˜‚๐—น๐—น ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ @

๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ž๐—ฒ๐˜† ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ๐—ป:

By Derivative :
Bismuth Nitrate
Bismuth Oxide
Bismuth Oxychloride
Bismuth Subcarbonate

By Application :
Electrical & Electronics

By Region :
North America
Latin America
East Asia
South Asia & Oceania

๐—˜๐˜…๐—ฝ๐—น๐—ผ๐—ฟ๐—ฒ ๐— ๐—ผ๐—ฟ๐—ฒ ๐—ฅ๐—ฒ๐—น๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐˜‚๐—ฑ๐—ถ๐—ฒ๐˜€ ๐—ฃ๐˜‚๐—ฏ๐—น๐—ถ๐˜€๐—ต๐—ฒ๐—ฑ ๐—ฏ๐˜† ๐—™๐—ฎ๐—ฐ๐˜.๐— ๐—ฅ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต:

Antimicrobial Plastic Market:


Recycled Polyethylene Terephthalate (R-PET) Market:


Dicalcium Phosphate Market:


US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

๐€๐›๐จ๐ฎ๐ญ ๐…๐š๐œ๐ญ.๐Œ๐‘
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bismuth Market Projections Hit US$ 792.38 Million by 2033 here

News-ID: 3410482 • Views: โ€ฆ

More Releases from Fact.MR

Low Foam Surfactant Market Size Worth US$ 38.58 Billion with CAGR of 6.4% by 2034 | Fact.MR Report
Low Foam Surfactant Market Size Worth US$ 38.58 Billion with CAGR of 6.4% by 203 โ€ฆ
According to a new research analysis published by market research and competitive intelligence provider Fact.MR, the low-foam surfactants market will reach US$20.74 billion by 2024. The global demand for low-foam surfactants is forecast to reach a market value of 38.58 billion USD by the end of 2034. ๐†๐ž๐ญ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: Growing demand for sustainable and greener products in various industrial applications, including textiles, paints and personal care products,โ€ฆ
Health Caregiving Market Size is Expected to Reach a Value of US$ 7,22,494.0 Million by 2034, States Fact.MR
04-17-2024 | Health & Medicine
Health Caregiving Market Size is Expected to Reach a Value of US$ 7,22,494.0 Mil โ€ฆ
The global health caregiving market is valued at US$ 2,18,469.2 million in 2024 and is expected to grow by 12.7% by 2034. The market value is expected to reach US$ 7,22,494.0 million by 2034. ๐†๐ž๐ญ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: Mobile connections and the proliferation of smartphones allow more and more virtual consultations with healthcare professionals. Additionally, the prevalence of chronic diseases such as chronic obstructive pulmonary disease (COPD) is alsoโ€ฆ
Silicon Carbide (Carborundum) Market Growth Trajectory to US$ 19 Billion by 2033
Silicon Carbide (Carborundum) Market Growth Trajectory to US$ 19 Billion by 2033
The global Silicon Carbide Market is projected to have grown at a compound annual growth rate (CAGR) of 16% and be valued US$ 19 the end of 2033, Silicon carbide's strong thermal conductivity and high voltage tolerance make it a useful material for electric vehicle power electronics. The market for silicon carbide is driven by the growing demand for electric vehicles and the corresponding requirement for SiC-based components suchโ€ฆ
Hydrocarbon Solvents Market: Growth Forecast to Reach US$ 9.87 Billion by 2033
Hydrocarbon Solvents Market: Growth Forecast to Reach US$ 9.87 Billion by 2033
The global market for Hydrocarbon Solvents is anticipated to have grown at a compound annual growth rate (CAGR) of 4.1%. It is estimated to be worth US$9.87 billion by the end of 2033 Hydrocarbon solvents generated from petroleum are utilized in many consumer and industrial products to clean or dissolve things. The only constituents that comprise the organic solvents known as hydrocarbons are hydrogen and carbon atoms. Hydrocarbon solvents areโ€ฆ

All 5 Releases

More Releases for Bismuth

Bismuth market Projected To Grow 6.2% Cagr Through 2027 | Hunan Jinwang Bismuth โ€ฆ
The Bismuth Market report presents high-quality and wide-ranging research study with key factors that are expected to have a Major impact on the Bismuth during the forecast period. The report present Key Market segments valued based on its growth rate and share.This report also provides an analysis of the impact of the COVID-19 pandemic on Industrial Labels Industry.The report explains the historical and current trends that are shaping theโ€ฆ
Bismuth Octoate Market 2021 Revenue Status and Outlook - Bismuth, Triveni Interc โ€ฆ
Global Bismuth Octoate Market Insights, Forecast to 2025 The Bismuth Octoate Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors onโ€ฆ
Bismuth Octoate Market Growth Boosting Strategies by Top Key Players Bismuth, Tr โ€ฆ
The Bismuth Octoate Market report is one of the most comprehensive and important data about business strategies, qualitative and quantitative analysis of Global Market. It offers detailed research and analysis of key aspects of the Bismuth Octoate market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the Bismuth Octoate market. Global Bismuth Octoate Marketโ€ฆ
(2019-2025) Bismuth Octoate Market is Thriving Worldwide with Top Growing Compan โ€ฆ
"The research study presented in this report offers complete and intelligent analysis of the competition, segmentation, dynamics, and geographical advancement of the Global Bismuth Octoate Market. It takes into account the CAGR, value, volume, revenue, production, consumption, sales, manufacturing cost, prices, and other key factors related to the global Bismuth Octoate market. The authors of the report have segmented the global Bismuth Octoate market as per product, application, and region.โ€ฆ
Global Bismuth Competition Situation Research Report 2019
In its recently published report, QY Research has provided unique insights about global Bismuthย market for the given period. One of the main objectives of this report is to categorize the various dynamics of the market and to offer latest updates such as mergers and acquisitions, various technological developments, new entrants in the market, which make an impact on different segments of the global Bismuthย market. Request Sample Report and Full Report TOC: Theโ€ฆ
Bismuth Market Research Report 2018 with top key players - Martin Marietta, Huna โ€ฆ
Bismuthย Marketย Forecast Report The Global Bismuthย Marketย provides a detailed analysis of the future market trends on the basis of the past and the present market scenario. Through analysis of the market criteria, geographical regions, key players, end-user applications, and products are done in this research report. The Global Bismuthย Market report includes an in-depth analysis of the qualitative and quantitative aspects of various industry professionals and key opinion leaders, to yield a comprehensive insightโ€ฆ