Bismuth Market

Global Bismuth Market, 2016 - 2024
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.
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.
Persistence Market Research 4