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Bismuth Market Report: Trends, Forecast and Competitive Analysis to 2030

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    Report

  • 150 Pages
  • March 2024
  • Region: Global
  • Lucintel
  • ID: 5980099

Bismuth Trends and Forecast

The future of the global bismuth market looks promising with opportunities in the pharmaceutical, automotive, electrical and electronic, and cosmetic markets. The global bismuth market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are rising demand for non-toxic substances, expanding preference for bismuth based cosmetics and skincare products, and growing application of this substrate in nanotechnology and renewable energy sectors.

Bismuth by Segment

The study includes a forecast for the global bismuth by derivative, end use, and region.

Bismuth Market by Derivative [Shipment Analysis by Value from 2018 to 2030]:

  • Bismuth Nitrate
  • Bismuth Oxide
  • Bismuth Oxychloride
  • Bismuth Subcarbonate
  • Others

Bismuth Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

  • Pharmaceuticals
  • Automotive
  • Electrical and Electronics
  • Cosmetics
  • Others

Bismuth Market by Region [Shipment Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Bismuth Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bismuth companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bismuth companies profiled in this report include:
  • 5N Plus
  • BASF
  • Fortune Mineral
  • Hunan Shizhuyuan Nonferrous Metals
  • Industrias Peñole
  • Merck
  • Nui Phao Mining
  • Par Pharmaceutical
  • VIAVI Solutions
  • Xianyang Yuehua Bismuth

Bismuth Market Insights

The publisher forecasts that bismuth oxychloride is expected to witness highest growth over the forecast period due to its diverse applications, such as cosmetics, pharmaceuticals and catalysts.

Within this market, pharmaceutical is expected to witness highest growth over the forecast period due to substantial usage of bismuth in this sector given to its well-known gastroprotective qualities in addition to its antimicrobial and anti-cancer qualities.

APAC will remain the largest region over the forecast period due to growth in the number of pharmaceutical and cosmetic procedures in the region.

Features of the Global Bismuth Market

- Market Size Estimates: Bismuth market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: Bismuth market size by derivative, end use, and region in terms of value ($B).
  • Regional Analysis: Bismuth market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different derivatives, end uses, and regions for the bismuth market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bismuth market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for bismuth market?
Answer: The global bismuth market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the bismuth market?
Answer: The major drivers for this market are rising demand for non-toxic substances, expanding preference for bismuth based cosmetics and skincare products and growing application of this substrate in nanotechnology and renewable energy sectors.

Q3. What are the major segments for bismuth market?
Answer: The future of the bismuth market looks promising with opportunities in the pharmaceutical, automotive, electrical and electronic, and cosmetic markets.

Q4. Who are the key bismuth market companies?
Answer: Some of the key bismuth companies are as follows:
  • 5N Plus
  • BASF
  • Fortune Mineral
  • Hunan Shizhuyuan Nonferrous Metals
  • Industrias Peñole
  • Merck
  • Nui Phao Mining
  • Par Pharmaceutical
  • VIAVI Solutions
  • Xianyang Yuehua Bismuth
Q5. Which bismuth market segment will be the largest in future?
Answer: The publisher forecasts that bismuth oxychloride is expected to witness highest growth over the forecast period due to its diverse applications, such as cosmetics, pharmaceuticals and catalysts.

Q6. In bismuth market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growth in the number of pharmaceutical and cosmetic procedures in the region.

Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the bismuth market by derivative (bismuth nitrate, bismuth oxide, bismuth oxychloride, bismuth subcarbonate, and others), end use (pharmaceuticals, automotive, electrical and electronics, cosmetics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?


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Table of Contents

1. Executive Summary
2. Global Bismuth Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Bismuth Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Bismuth Market by Derivative
3.3.1: Bismuth Nitrate
3.3.2: Bismuth Oxide
3.3.3: Bismuth Oxychloride
3.3.4: Bismuth Subcarbonate
3.3.5: Others
3.4: Global Bismuth Market by End Use
3.4.1: Pharmaceuticals
3.4.2: Automotive
3.4.3: Electrical and Electronics
3.4.4: Cosmetics
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Bismuth Market by Region
4.2: North American Bismuth Market
4.2.1: North American Bismuth Market by Derivative: Bismuth Nitrate, Bismuth Oxide, Bismuth Oxychloride, Bismuth Subcarbonate, and Others
4.2.2: North American Bismuth Market by End Use: Pharmaceuticals, Automotive, Electrical and Electronics, Cosmetics, and Others
4.3: European Bismuth Market
4.3.1: European Bismuth Market by Derivative: Bismuth Nitrate, Bismuth Oxide, Bismuth Oxychloride, Bismuth Subcarbonate, and Others
4.3.2: European Bismuth Market by End Use: Pharmaceuticals, Automotive, Electrical and Electronics, Cosmetics, and Others
4.4: APAC Bismuth Market
4.4.1: APAC Bismuth Market by Derivative: Bismuth Nitrate, Bismuth Oxide, Bismuth Oxychloride, Bismuth Subcarbonate, and Others
4.4.2: APAC Bismuth Market by End Use: Pharmaceuticals, Automotive, Electrical and Electronics, Cosmetics, and Others
4.5: ROW Bismuth Market
4.5.1: ROW Bismuth Market by Derivative: Bismuth Nitrate, Bismuth Oxide, Bismuth Oxychloride, Bismuth Subcarbonate, and Others
4.5.2: ROW Bismuth Market by End Use: Pharmaceuticals, Automotive, Electrical and Electronics, Cosmetics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Bismuth Market by Derivative
6.1.2: Growth Opportunities for the Global Bismuth Market by End Use
6.1.3: Growth Opportunities for the Global Bismuth Market by Region
6.2: Emerging Trends in the Global Bismuth Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Bismuth Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Bismuth Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: 5N Plus
7.2: BASF
7.3: Fortune Mineral
7.4: Hunan Shizhuyuan Nonferrous Metals
7.5: Industrias Peñole
7.6: Merck
7.7: Nui Phao Mining
7.8: Par Pharmaceutical
7.9: VIAVI Solutions
7.10: Xianyang Yuehua Bismuth

Companies Mentioned

  • 5N Plus
  • BASF
  • Fortune Mineral
  • Hunan Shizhuyuan Nonferrous Metals
  • Industrias Peñole
  • Merck
  • Nui Phao Mining
  • Par Pharmaceutical
  • VIAVI Solutions
  • Xianyang Yuehua Bismuth

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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