openPR Logo
Press release

Bismuth Market Projected to Grow at CAGR of 7.0%, Scrutinized in New Research

12-27-2017 08:49 AM CET | Industry, Real Estate & Construction

Press release from: Market Research Reports - MRRSE

Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Market Study on Bismuth: Supply to Remain Dominated By China during Forecast Period 2016-2024”.

View Free Sample Report @ https://www.mrrse.com/sample/2300

Bismuth, a least toxic heavy metal resembles with lead in many of its characteristics. It is the most diamagnetic material known, which is found naturally. This white crystalline metal finds applications in the diverse set of industries. It is found in nature in the form of bismite, bismuthinite, or bismutite minerals. However, more commonly produced as a refining by product of lead. Pellets, powder, needle, ingots forms of bismuth are used for commercial applications across the industries. Pharmaceutical is a prominent application of bismuth, where it is used as an indigestion remedy under the brand name Pepto-Bismol. Additionally, bismuth also finds application in cosmetics, industrial pigments, metallurgical additives, and fusible alloys. Most of the bismuth applications use bismuth in small quantities.

Moreover, end user chemical industries namely, cosmetics, pharmaceuticals, and industrial pigments use bismuth compounds which are derived from bismuth. Bismuth oxides, nitrates, bismuth salicylate, bismuth oxychloride are prominent derivatives of bismuth metals. Other bismuth derivatives include bismuth vanadate, bismuth sulphides, and bismuth acetate. Bismuth oxides and bismuth nitrates are the most protruding derivatives and are generally used as a source of bismuth to produce various high purity bismuth compounds.

Global bismuth market is estimated reach around US$ 225 Mn in 2016 and is projected to expand at a moderate single-digit CAGR in terms of value during the forecast period, 2016-2024.

Bismuth having resembling characteristics with lead and having least toxic effects on human health is anticipated to replace lead in numerous applications. Bismuth market growth is estimated to be driven by increasing government regulations to restrict the use of lead in various end-use industries namely, paints & coatings, alloys, and electronics. The renovation, repair, and painting (RPR) programme by Environmental Protection Agency and REACH regulations are instances of such restrictions by governments in North America and Europe. Major end-use manufacturers such as BASF SE and PPG Inc. are offering bismuth-based products as an alternative for lead products, in order to provide environmentally friendly offerings. POSCO which has a production capacity of 1.5 Mn metric tons of lead-based free machining steel is set to replace it by bismuth-based free machining steel.

The growing automotive industry which includes the application of bismuth in rust free coatings, pearlescent coatings, brake linings, and clutch pads is also anticipated to provide traction for the increasing bismuth market demand over the forecast period. Moreover, the increasing base metal tungsten production is anticipated to increase bismuth supply in the market. The production of tungsten in the global market by non-Chinese producers is expected to increase in near future which in turn will drive the bismuth supply in the global market.

Browse Full Report With Table of Content @ https://www.mrrse.com/enquiry/2300

However, the production of lead which is a prominent source of bismuth supply is estimated to decline due to the regulations and decreasing consumption of lead acid batteries in the global market. This declining lead production is estimated to be a major restraint in global bismuth market growth over the forecast period. Moreover, the increasing use of alternatives namely alumina and magnesia in pharmaceuticals application and use of tungsten and tin in alloys application is anticipated to be a major obstacle to the market growth. The new entrants venturing in with high production capacity is anticipated to be a prominent trend in the market. Additionally, Use of bismuth in a high-tech application such as wearable technology and as an anode for Sodium-Ion Batteries (SIB) is another protruding trend in the global market.

Global Bismuth Market Taxonomy

Global bismuth market is segmented as follows:

By Derivative
By Application
By Region
By derivative, global bismuth market is segmented into oxides, nitrates, metals, bismuth salicylate, bismuth oxychloride, and others. Bismuth oxide segment is anticipated to continually dominate the market share in terms of volume, over the forecast period. On the basis of application, the global bismuth market is classified as pharmaceuticals, cosmetics, industrial pigments, metallurgical additives, fusible alloys, and others. Among these segments, pharmaceuticals are the most prominent segment in the global bismuth market.

Bismuth oxychloride and metals segments are anticipated to collectively expand at a CAGR  of 7.0% over the forecast period; this is higher than the global average market growth rate. The two segments are anticipated to create the cumulative incremental $ opportunity of US$ 62.2 Mn between 2016 and 2024. The nitrates and bismuth salicylate segments are anticipated to exhibit relatively low CAGR over the forecast period.

Regional Analysis

On the basis of regions, the global bismuth market 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.

Enquire About this Report @ https://www.mrrse.com/enquiry/2300

About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
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 Projected to Grow at CAGR of 7.0%, Scrutinized in New Research here

News-ID: 876640 • Views:

More Releases from Market Research Reports - MRRSE

Global Dairy Market Will Reach Value of US$ 9,570 Mn by 2022
Global Dairy Market Will Reach Value of US$ 9,570 Mn by 2022
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Dairy Alternatives Market: North America to dominate the market throughout the assessment period: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2022)”. Click here For Free Sample Report @ https://www.mrrse.com/sample/3558 The dairy alternatives market is growing at a steady pace the
Civilian Less Lethal and Self Defense Weapons Market Valued at US$82.16 Million by 2023
Civilian Less Lethal and Self Defense Weapons Market Valued at US$82.16 Million …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Civilian Less Lethal and Self Defense Weapons Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”… Click here For Free Sample Report @ https://www.mrrse.com/sample/1764 Less lethal and self-defense weapons also known as “non-lethal” weapons are growing in demand
Market Research on Biosimulation Market To Worth US$ 1,750 Million in 2022
Market Research on Biosimulation Market To Worth US$ 1,750 Million in 2022
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Market Study on Biosimulation: North America to Dominate the Market in Terms of Revenue During the Forecast Period (2017 - 2022)”... Request Free Sample Report @ https://www.mrrse.com/sample/3772 Biosimulation is a technique in which computer programs are used for the simulation of biological processes.
Antiviral Medicine Market Anticipate it to Increase to US$82.9 bn by 2024
Antiviral Medicine Market Anticipate it to Increase to US$82.9 bn by 2024
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Antiviral Medicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” … Request Free Sample Report @ https://www.mrrse.com/sample/2551 With the significant increase in the incidence of viral infections, the global antiviral medicine market is witnessing a substantial rise in

All 5 Releases


More Releases for Bismuth

Bismuth Market Size, Trends 2031 By Key Players- Martin Marietta, Hunan Jinwang …
USA, New Jersey: According to Verified Market Reports analysis, the global Bismuth Market was valued at USD 1.5 Billion in 2024 and is estimated to reach USD 2.4 Billion by 2033, growing at a CAGR of 5.7% from 2026 to 2033. What is the current outlook for the bismuth market, and what factors are driving its growth? The bismuth market is experiencing steady growth, driven by rising demand in pharmaceuticals, cosmetics, and
Bismuth Market Witness to Growth: Future Prospects, Innovation, and Booming Dema …
The Global Bismuth Market to grow at a CAGR of 5.6% (2025-2032) Latest Research Report on the Bismuth Market Size, Status, and Forecast for 2025-2032. In-depth research has been compiled to provide the most current information on key aspects of the worldwide market. This research report covers major aspects of the Bismuth Market including Current trends, latest expansions, Conditions, market size, various drivers, limitations, and key players along with their profile
Bismuth Market Trends, Development History, Current Growth Analysis, and Estimat …
Global bismuth market size is expected to reach US$ 665.6 Mn by 2031, from US$ 454.2 Mn in 2023, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period. The Bismuth Market involves the production, distribution, and use of bismuth and its compounds, which are utilized in various applications including pharmaceuticals, cosmetics, electronics, and alloys. Bismuth is valued for its non-toxicity, low thermal conductivity, and unique properties
Bismuth Octoate Market 2021 Revenue Status and Outlook - Bismuth, Triveni Interc …
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 on
Bismuth Octoate Market Growth Boosting Strategies by Top Key Players Bismuth, Tr …
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 Market
(2019-2025) Bismuth Octoate Market is Thriving Worldwide with Top Growing Compan …
"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.